The demand for passenger vehicles (PVs) is expected to sustain even beyond the ongoing festival season as a new set of customers, those who gained confidence to buy cars following the recent GST rate cuts, will begin to visit dealerships now, said Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (Siam), on Wednesday.
'We are seeing a lot of people with helmets visiting our showrooms.'
BMW India CEO says gradual five-year import duty cuts under new FTAs create buyer hesitation and urges government to announce year-wise rates instead.
'The Pahalgam terror attacks and the conflict that followed were a big blow to local tourism.' 'And just when things were starting to go back to normal, the floods, caused by heavy rain, spoiled all chances of a bounce-back this season.'
The government plans to establish a fully indigenous manufacturing ecosystem with an annual production capacity of up to 6,000 tonnes. The scheme is expected to run for seven years, according to official documents.
The move offers flexibility in compliance but also places penalties squarely on the designated manager of such a pool.
Starting Wednesday, October 1, foreigners in India have the option to submit a 'digital arrival card' online instead of the paper card.
The record monsoon rains across India during the June to September months was 937.2 millimetres, the 5th-highest since 2001 and 38th-highest since 1901.
Maruti Suzuki, India's largest producer of small cars, stands to benefit the most.
'This festival season, advance airfares for major metros are up 20 to 25 per cent from last year.'
The small sports utility vehicle (SUV) segment - comprising models less than 4 metres in length - could witness the "maximum" growth among all categories in the coming months following the recent goods and services tax (GST) rate rationalisation, Tarun Garg, chief operating officer of Hyundai Motor India (HMIL), said.
The demand growth in the low-income category is expected to be driven mainly by packaged branded sugar as well as traditionally consumed gur (jaggery) and khandsari.
Almost 30 per cent of Maruti's auto-component exports are to the US, and about half of that is facing a duty of 25 per cent and the other half 50 per cent.
IMD data shows in the 24 hours between September 1 and 2, Haryana received 806 per cent more rainfall than normal, Punjab 759 per cent, Himachal Pradesh 510 per cent, Delhi 740 per cent, Chandigarh a staggering 1,638 per cent, and Rajasthan 193 per cent.
An airport operator will be responsible for maintaining overall service standards at an airport, including those delivered by third-party service providers, under new rules being framed by the Airports Economic Regulatory Authority (AERA), its chairman SKG Rahate told aviation stakeholders at a meeting on Wednesday
'The petrol lobby is very rich and strong.'
Electric vehicle (EV) manufacturers breathed a sigh of relief after the GST Council on Wednesday night retained the concessional 5 per cent rate on EVs, though they now face competition from small petrol and diesel cars, which will attract a lower 18 per cent levy.
Maharashtra has topped the list of states with the most favourable ecosystem for the growth of Farmer Producer Organisations (FPOs), replacing Madhya Pradesh, which has slipped to second place, according to the latest Ease of Doing Business for FPOs (EoDBF) ranking.
'...as then it brings them closer to the complaints and grievances that the public faces.'
Spreading risks in sourcing raw materials for electric vehicle (EV) manufacturing is "very critical" and the government can play a key role by enabling access to these from multiple locations worldwide, said Vivek Srivatsa, chief commercial officer at Tata Passenger Electric Mobility, on Friday while stressing the need for faster localisation, especially of batteries.
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