Auto Sector

Mahindra Group plans to pump in Rs 37,000 crore over the next three years across business verticals with a major portion earmarked for the auto sector to introduce 23 new vehicles.

India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.

Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.

The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.

Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...

Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.

IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.

The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.

The domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24, a report said on Wednesday.

सियाम ने कहा कि रिटेल यात्री वाहन की मात्रा दिसंबर में एक साल पहले 219,421 वाहनों से बढ़कर 235,309 वाहन हो गई और कैलेंडर 2022 के लिए लगभग 38 लाख वाहनों की रिकॉर्ड ऊंचाई पर पहुंच गई.

केंद्रीय मंत्री नितिन गडकरी ने कहा कि भारत अपने ऑटो उद्योग का आकार दोगुना करना चाहता है. 2024 के अंत तक ₹7.5 लाख करोड़ से ₹15 लाख करोड़ करने के साथ हमारा उद्देश्य भारत के ऑटो उद्योग को दुनिया में सबसे बड़ा बनाना है.

The auto sector continues to be heavily taxed, which in a way has affected the growth of the industry, according to Maruti Suzuki India Chairman RC Bhargava, speaking at an event in New Delhi.

Total vehicle retail sales were 28 per cent higher year-on-year during this year's over the month-long festival season.

आनंद महिंद्रा ने नेपोली ब्लैक और सैटिन मैट फ़िनिश में तैयार की गई स्कॉर्पियो-एन की एक तस्वीर साझा करके उसकी प्रशंसा की है.

यूएस-आधारित कंपनी द्वारा निर्मित रोड पैच अनिवार्य रूप से एक पैच है जो पानी को सड़कों में घुसने से रोकता है और भरे हुए गड्ढे को बंद कर देता है.

Mahindra Group plans to pump in Rs 37,000 crore over the next three years across business verticals with a major portion earmarked for the auto sector to introduce 23 new vehicles.

India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.

Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.

The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.

Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...

Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.

IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.

The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.

The domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24, a report said on Wednesday.

सियाम ने कहा कि रिटेल यात्री वाहन की मात्रा दिसंबर में एक साल पहले 219,421 वाहनों से बढ़कर 235,309 वाहन हो गई और कैलेंडर 2022 के लिए लगभग 38 लाख वाहनों की रिकॉर्ड ऊंचाई पर पहुंच गई.

केंद्रीय मंत्री नितिन गडकरी ने कहा कि भारत अपने ऑटो उद्योग का आकार दोगुना करना चाहता है. 2024 के अंत तक ₹7.5 लाख करोड़ से ₹15 लाख करोड़ करने के साथ हमारा उद्देश्य भारत के ऑटो उद्योग को दुनिया में सबसे बड़ा बनाना है.

The auto sector continues to be heavily taxed, which in a way has affected the growth of the industry, according to Maruti Suzuki India Chairman RC Bhargava, speaking at an event in New Delhi.

Total vehicle retail sales were 28 per cent higher year-on-year during this year's over the month-long festival season.

आनंद महिंद्रा ने नेपोली ब्लैक और सैटिन मैट फ़िनिश में तैयार की गई स्कॉर्पियो-एन की एक तस्वीर साझा करके उसकी प्रशंसा की है.

यूएस-आधारित कंपनी द्वारा निर्मित रोड पैच अनिवार्य रूप से एक पैच है जो पानी को सड़कों में घुसने से रोकता है और भरे हुए गड्ढे को बंद कर देता है.