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Additional 10% GST 'Pollution Tax' Maybe Considered On Diesel-Run Vehicles: Nitin Gadkari

India's Road Transport Minister plans to propose a 10% tax on diesel engine vehicles to the finance minister. India's Road Transport Minister Nitin Gadkari said on Tuesday he plans to propose imposing an additional 10% tax on diesel engine vehicles. ...

FY23 Was First Full Year Without Any Impact Of Covid To Witness 21% Growth In Vehicle Sales: FADA

The Federation of Automobile Dealers' Association (FADA) released March 23 and FY 23 vehicle data. According to the press release, for the month of March 2023, total vehicle retail experienced a 14% YoY increase and FY23 was the first full year ...

Mercedes-Benz To Increase Prices By Rs 2-12 Lakh Across Models From April 1

Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. ...

9 Lakh Govt Vehicles, Buses Older Than 15 Years To Go Off The Road From Apr 1, Says Gadkari

More than nine lakh vehicles, owned by central and state governments, transport corporations and public sector undertakings, that are older than 15 years will go off the road from April 1 and new vehicles will replace them, Union minister Nitin Gadkari ...

Centre Earmarks Rs 2,000 Cr To Encourage States To Scrap Old Vehicles

The Union government will give an additional Rs 2,000 crore to states under the Special Assistance for Capital Investment scheme to incentivise them to scrap old vehicles and also provide tax concessions to individuals for it. The government in 2022-23 Budget ...

Domestic Passenger Vehicles Sales Rise 23 Pc, To Record Of 37.93 Lakh Units In 2022

Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor ...

AP Govt To Raise Taxes On Transport Vehicles, To Collect Rs 200 Crore Additional Revenue

The Andhra Pradesh government is all set to enhance the quarterly tax on transport vehicles to raise an additional revenue of Rs 200 crore. Chief Minister Y S Jagan Mohan Reddy, at a recent meeting on resource mobilisation, gave the clearance ...

Japan's Honda Sees Declining Profits, On Semiconductor Crunch

Honda's fiscal first-quarter profit fell 33 per cent from last year as a global computer chip shortage, a pandemic-related lockdown in China and the rising costs of raw materials hurt the Japanese automaker. Tokyo-based Honda Motor Co. reported on Wednesday that ...

Rapid EV Adoption, Higher Input Costs, To Adversely Impact Forging, Casting Industry: AIFI

Increased adoption of electric vehicles will adversely impact the domestic forging and casting industry resulting in reduced capacity utilisation as the number of moving parts in such vehicles are minimal compared to traditional ones, according to AIFI. The Association of Indian ...

Over 21 Crore Two-Wheelers, 7 Crore Four-Wheelers, And Above Category Of Vehicles Registered In India

The country has more than 21 crore two-wheelers and over 7 crore four-wheelers and above category of vehicles registered, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Road Transport and Highways minister Nitin Gadkari said out ...

Huge Rush For Refilling Vehicles, In Kashmir Amid Rumours Of Fuel Shortage

Massive queues of vehicles could be seen at fuel stations in Kashmir on Thursday as people scrambled to fill up the tanks in the wake of rumours that the country is facing shortage of fuel, officials said. Hundreds of vehicles were ...

Govt. Proposes New Vehicle Re-registration Rules For Vehicles Moving To New State

The road transport ministry has come up with new draft rules that will enables all those moving to a new state to re-register their vehicles easily. The ministry in a statement said it is considering a new system of vehicle ...

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