The GST Council has finalised a rate structure of 28 per cent for truck and buses. It is the same as cars, motorcycles, mopeds, personal aircraft and luxury yachts claimed an industry expert. According to an industry source, that smaller buses and vans with a capacity to seat 10 to 13 people will attract 15 per cent cess besides 28[Read More…]
In what is looked upon as an interesting development, Volvo Cars and the Volvo Group are said to have entered into an arrangement to assemble Volvo cars in India at Volvo Group’s CV plant at Hosakote, Bangalore. The arrangement will enable the Swedish luxury car maker to avail of lower duties. The first car, the XC90 SUV, is expected to[Read More…]
Shriram Automall India Limited (SAMIL) has inaugurated its 68th facility at Hosur. Spread over four acres of land, the facility will cater to commercial vehicle sellers and buyers in the region. To hold live bidding events, the Hosur facility is sixth such establishment in Tamil Nadu by SAMIL. On the first day of operation, 150 vehicles and construction equipment were[Read More…]
Tata Technologies has acquired Gothenburg-based Escenda Engineering in a bid to enhance its scale and service offering in Sweden, and in other regions of Europe. A wholly owned subsidiary of Tata Technologies Europe, Escenda Engineering will continue to have the same management team and full workforce. Following a recent investment worth US$ 26 million in the development of new European[Read More…]
Pace Setter ZF Drives Forward Change with Innovative and Flexibile Implementation 
SIAM Deliberates on Policy Reforms for Automotive Taxation 
SIAM Highlights India’s Biofuel Push at 2025 Conference 
Refurbishing Industry Is Bouncing Back 
Decarbonisation and Digitalisation 
