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    Hero MotoCorp names Harshavardhan Chitale as CEO effective Jan 2026

    Hero MotoCorp on Monday appointed Harshavardhan Chitale as CEO effective January 5, 2026, succeeding acting CEO Vikram Kasbekar. Chitale, an IIT Delhi alumnus and former global CEO at Signify’s professional business, has also held senior roles at Philips Lighting India, HCL Infosystems and Honeywell.

    Classic Legends eyes festive boost on GST cut, Roadster launch

    Classic Legends, maker of Jawa and BSA bikes, is betting on the GST cut on motorcycles and its new Roadster launch to boost festive sales. Prices have dropped to ₹1.9 lakh, with footfall tripling. The firm targets 10,000–15,000 monthly sales in September-October, but faces challenges scaling beyond its <1% market share against Royal Enfield’s dominance.

    Vehicle retail sales in August grow 2.84 pc, rise in sales expected in September amid GST cuts: FADA

    Vehicle sales saw a slight increase. Federation of Automobile Dealers Association (FADA) shared the data. Passenger vehicle sales were marginally up. Two-wheeler sales also experienced a rise. Tractor sales witnessed maximum growth. Dealers are optimistic about September. They anticipate accelerated growth due to policy changes and festivals. Goods and Services Tax (GST) rate cuts are expected to boost sales.

    Tata Motors to pass on tax cut benefits to customers

    Tata Motors announced on Friday that it will reduce prices across its vehicle range by up to ₹1.55 lakh, passing on the full benefit of the GST reduction to customers. Effective September 22, 2025, the price cuts will vary, with models like the Tiago seeing a reduction of ₹75,000 and the Harrier experiencing a decrease of ₹140,000.

    Tata Motors Share Price 719.5027.80 (4.02%)
    Tata Motors to slash car prices by up to Rs 1.45 lakh from September 22 under GST 2.0

    Tata Motors announced a price reduction of up to Rs 1.45 lakh across its passenger vehicle range, effective September 22, due to the newly approved GST 2.0 regime. The company aims to pass on the benefits of the GST reforms to customers, which include reduced and simplified tax rates for the automobile sector.

    Tata Motors Share Price 719.5027.80 (4.02%)
    GST rate changes are a strategic inflection point for India’s auto industry

    The Goods and Services Tax (GST) structure will be simplified. This decision will benefit the automotive sector. Most vehicles and auto components will move to an 18% GST rate. This will make vehicles more affordable. Electric vehicles will have a 5% GST. Luxury vehicles will be in a 40% slab. The new rates will be effective from September 22, 2025.

    GST relief on cars, but dealers stare at Rs 2,500 cr hit

    GST reforms have lowered car, SUV and two-wheeler prices, but PV dealers face ₹2,500 cr losses as the compensation cess lapses on Sept 22, TOI reported. Deloitte and FADA warned of stranded costs, with SUVs and large cars worst hit. Dealers seek clarity, even as M&M cut billing to ease the burden.

    Companies may fire up output by25% to feed festive frenzy

    Indian car, two-wheeler, and electronics manufacturers are ramping up production. They anticipate a surge in demand following Goods and Services Tax (GST) reductions. Automakers expect increased showroom traffic and order volumes, especially for small cars. Electronics firms are expanding production of larger televisions. The GST Council reduced taxes on various items, potentially boosting festive sales.

    Maruti Suzuki India Share Price 15258.00363.00 (2.44%)
    GST on luxury cars: Mercedes, BMW, Audi might see a price drop; Check likely price cuts

    India's GST council has streamlined indirect taxes to two slabs, reducing prices on over 400 items. While luxury cars face a 40% 'special slab,' the elimination of the 22% compensation cess will effectively lower their taxes. This reform aims to boost domestic consumption and self-reliance, potentially increasing India's GDP.

    GST rate cuts to spur growth, benefit first-time buyers, middle-income families: Auto industry

    The GST Council's decision to reduce tax rates on automobiles has been welcomed by the Indian auto industry, with players anticipating a boost in demand, especially during the festive season. The move is expected to benefit first-time buyers and middle-income families by making vehicles more affordable.

    TVS Motor Company Share Price 3591.30114.71 (3.30%)
    From Mahindra Thar to Hyundai Creta: Popular cars that will get cheaper with GST 2.0

    From Mahindra Thar to Hyundai Creta: Popular cars that will get cheaper with GST 2.0

    The Goods and Service Tax revision brings joy for the auto industry. Several popular cars will now be priced lower. The tax rate for small cars has been reduced from 28 per cent to 18 per cent, while luxury cars will be taxed at 40 percent. Notably, cess has been scrapped, brining the prices of bigger cars down too.

    Maruti Suzuki India Share Price 15258.00363.00 (2.44%)
    GST 2.0: Big savings on small cars, prices to drop by 12-12.5%

    GST 2.0: Big savings on small cars, prices to drop by 12-12.5%

    The GST rate reset is anticipated to stimulate demand for small cars and two-wheelers, benefiting entry-level consumers. Small cars and motorcycles under specified engine capacities will see reduced GST rates, potentially lowering ex-showroom prices significantly. Larger vehicles will also experience a slight price decrease due to revised tax structures, boosting overall sales volumes, especially in the small-car segment.

    Maruti Suzuki India Share Price 15258.00363.00 (2.44%)
    GST Council revises tax slabs for automobiles: Small vehicles get relief while SUVs face higher levy

    GST Council revises tax slabs for automobiles: Small vehicles get relief while SUVs face higher levy

    The GST Council has announced a restructuring of tax rates for the automobile sector, effective September 22, 2025. Mass mobility vehicles like smaller cars and motorcycles up to 350cc will see reduced GST rates, dropping from 28% to 18%. Conversely, larger cars, SUVs, motorcycles above 350cc, yachts, and personal aircraft will face a higher tax rate of 40%.

    Maruti Suzuki Victoris launched: Automaker adds muscle to its midsize SUV portfolio; check features, powertrain and more

    Maruti Suzuki Victoris launched: Automaker adds muscle to its midsize SUV portfolio; check features, powertrain and more

    Maruti Suzuki Victoris launch: Maruti Suzuki has entered the midsize SUV market with the launch of the Escudo/Victoris, targeting competitors like the Hyundai Creta and Kia Seltos. Positioned between the Brezza and Grand Vitara, it aims to offer a spacious yet affordable option. However, the automaker experienced a 6% year-on-year decrease in car production in August, adjusting to market demand.

    Maruti Suzuki India Share Price 15258.00363.00 (2.44%)
    Motown unclear what route cess will take past GST 2.0

    Motown unclear what route cess will take past GST 2.0

    Indian automakers and retailers may face losses on over 600,000 unsold vehicles. This is due to unclear GST compensation cess rules. The industry wants the govt to abolish the cess. They seek a mechanism for credit losses after the GST revamp. The GST Council will discuss levy changes soon. Some companies are limiting dispatches of larger vehicles.

    Maruti Suzuki India Share Price 15258.00363.00 (2.44%)
    GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW

    GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW

    GST Council panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. This proposal contrasts with Prime Minister Modi's broader tax reform efforts, which aim to reduce taxes on many goods.

    Tata Motors Share Price 719.5027.80 (4.02%)
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