The government is known to have come out with a comprehensive document on taxation rules and procedures for various sectors, including the taxi aggregators under the Goods and Services Tax (GST). Over 500 questions compiled in the form of Frequently Asked Questions (FAQ), the Central Board of Exise and Customs (CBEC) is known to have covered registration, valuation and payment,[Read More…]
Daimler India Commercial Vehicles (DICV) is looking at exporting fully-built nine-tonne buses to the Middle East by the end of the current year, claim industry sources. The company is currently exporting nine-tonne bus chassis to South East Asia, Africa and Latin America. Within the Chennai plant of DICV is a Wrightbus bus body building facility. Claimed to have a 24,000[Read More…]
Volkswagen’s (VW) truck division is looking at expanding truck operations in Asia. The strategy is said to be engineered such that the MAN and Scania group arms are aligned closely enough to strongly compete with competitors like Daimler and Volvo. The move is claimed by industry sources to be connected with yet another development, that of the acquisition of US[Read More…]
After severing ties by exiting the joint ventures established few years ago, Ashok Leyland and Nissan are said to be renewing ties. They are claimed to be in the process of signing a new restructuring agreement, which will enable both companies to enter into a new phase of business interaction. As per the new agreement, Nissan would agree to sell[Read More…]
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