AFFORDABLE ELECTRIC VEHICLES
GST 2.0: Renault cars get cheaper, prices slashed by up to Rs 96,000; Check which models benefit the most with new price list
Renault India has announced significant price reductions across its Kwid, Triber, and Kiger models, passing on the benefits of the new GST 2.0 regime to customers. These popular vehicles are now more affordable by up to Rs 96,395, with the updated prices effective from September 22.
Looking at India as potential market for small e-cars, GST cut makes it attractive: VW Group CEO
Volkswagen is considering introducing its affordable small electric cars to the Indian market, leveraging partnerships to optimize their introduction. CEO Oliver Blume highlighted India's potential, especially with the reduction of GST on automobiles, making the market more appealing.
Volkswagen presents compact electric SUV ID.CROSS
Volkswagen on Sunday unveiled the ID.CROSS, a small electric SUV concept set for launch in summer 2026, priced between €28,000 and €30,000. Brand chief Thomas Schaefer said the model reflects Volkswagen’s push to deliver affordable EVs amid rising competition from China.
Tesla's $1,000,000,000,000 pay package for CEO Elon Musk may be a ransom is disguise
Tesla's board is pushing for a massive compensation package for Elon Musk, aiming to increase the company's market cap to $8.5 trillion. This move comes as Tesla shifts its focus from EVs to autonomous driving and AI. Concerns arise regarding Musk's other ventures, potential conflicts of interest, and the lack of a clear succession plan, highlighting governance issues.
Ola Electric auditor raises alarm; Urban Company's pre-IPO deal
Ola Electric's auditor draws attention to missing internal controls at a key subsidiary. This and more in today's ETtech Top 5.
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.
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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.
Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
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.
Anand Mahindra calls for ‘more reforms to unleash consumption and investment’ after GST rate cuts
On Wednesday, Finance Minister Nirmala Sitharaman unveiled major changes to the GST structure, reducing taxes on a range of items spanning essentials, automobiles, farm inputs and electronic goods. Branded as the “Next-Gen GST Reform,” the decision was pitched as a Diwali gift that would lower household expenses, ease business costs and stimulate wider economic activity.
Sensex rallies over 700 pts, Nifty tops 24,900; GST cuts, 4 other drivers behind today's rally
Indian stock markets witnessed a significant surge today. Sensex and Nifty both opened considerably higher. This positive movement follows the government's decision to reduce taxes on various goods under the Goods and Services Tax. The GST overhaul aims to boost consumption ahead of the festive season. Market capitalization of BSE-listed companies also saw a substantial increase.
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%.
HC directs Delhi govt to release pending EV subsidies promptly
The Delhi High Court has directed the Delhi government to expedite the release of pending subsidies to electric vehicle purchasers under the 2020 policy, criticizing the government's reliance on the absence of fixed timelines for disbursal.
China shocks auto world with $15,000 EV using game-changing semi-solid-state battery
China’s SAIC MG has launched the MG4 Anxin, the world’s first semi-solid-state battery EV for under $15,000. The car offers long range, fast charging, and advanced driver-assist features. It quickly received thousands of pre-orders, showing high demand. This launch highlights China’s lead in affordable electric cars and new battery technology, challenging other countries like the U.S. in the EV market.
Maruti Suzuki bets on GST cut to revive small car demand, cushion Trump tariffs
Maruti Suzuki anticipates that the proposed GST reforms, lowering the levy on small cars to 18%, will revitalize demand and boost the automotive market. Chairman RC Bhargava believes this move will benefit lower-end consumers and counter economic strain from high US tariffs. He also advocated for parity in GST between electric and hybrid cars to encourage cleaner technologies.
Beyond mileage myths: Why ethanol blending makes sense for India
Ethanol blending emerges as a pragmatic strategy for India, aiming to reduce reliance on crude oil imports and bolster energy security. By utilizing surplus grain and promoting second-generation ethanol from crop residues, India can stabilize farm incomes and combat pollution from stubble burning. While EVs have a role, ethanol offers an immediate, scalable solution, balancing energy needs with environmental responsibility.
Auto ancillary sector delivered 6 multibaggers in 6 months. Can you still catch them?
Axis Securities sees the auto ancillary sector at a pivotal moment, with strong long-term growth driven by exports, premium vehicles, and rural demand recovery. However, short-term challenges like high valuations and global uncertainties may cool the rally. Experts advise caution, highlighting export risks, but remain optimistic about localisation and the EV shift fueling future growth.
ET Startup Awards 2025 | Top Innovator: Qure.ai bridges diagnostic gap
Founded in Mumbai in 2016 by Prashant Warier, Qure.ai’s mission is to make healthcare more affordable and accessible through AI-powered diagnostic tools. Its products assist clinicians in detecting conditions such as tuberculosis, lung cancer, and pulmonary disorders, speeding up diagnoses, and enabling more efficient treatment plans, particularly in resource-constrained settings.
Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Royal Enfield urges the government to consider a uniform Goods and Services Tax (GST) rate for all two-wheelers. Eicher Motors emphasizes that a uniform 18 percent GST is crucial for sustaining the industry's momentum. Siddhartha Lal warns against raising GST on motorcycles above 350cc. He says it could damage India's global competitiveness.
From overheating to caution, SME IPO valuations are normalising: Swyom Advisors’ Agarwal
India’s SME IPO boom has delivered stellar returns in recent years, but signs of overheating are now giving way to correction and caution.
Green mobility: Odisha ranks 5th in India, plans to enhance e-bus fleet to over 1,000
Odisha is making significant strides in green mobility, ranking fifth nationwide with 450 electric buses. The state government aims to expand its e-bus fleet to over 1,000, extending services beyond Bhubaneswar, Cuttack, and Puri to other cities.
India, Africa to work to double bilateral trade by 2030: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal stated that India and Africa will collaborate to double bilateral trade by 2030, with a focus on value addition, technology-driven farming, renewable energy, and healthcare. While addressing the valedictory session of the 20th CII India-Africa Business Conclave in New Delhi, Goyal stated, "Together, we can move from raw material exports to value-added production for global markets."
India’s careful choreography avoids ruffling Japan while managing China
Prime Minister Modi's visit to Japan underscores the critical importance of the India-Japan relationship, balancing strategic ties with China. Skipping China's military parade signals sensitivity to Japanese concerns amid historical tensions. Cooperation with Japan is vital for India's economic growth, attracting significant Japanese investment in key sectors like automobiles and technology, fostering deeper collaboration in areas like semiconductors and defense.
BMW CEO warns 'can't afford mistakes' ahead of full electric launch
BMW anticipates a reshuffling of the automotive sector. The company is investing heavily in its new electric vehicle line. CEO Oliver Zipse emphasizes the importance of avoiding errors. BMW will unveil the iX3 at the Munich car show. Experts highlight the high stakes for BMW's 'Neue Klasse' strategy. The company hopes to compete with Tesla in the EV market.
Euler Motors enters commercial passenger vehicle segment
Euler Motors has entered the commercial passenger vehicle market. The company launched its new e-three-wheeler, Neo HiRANGE. It comes in three variants for last-mile connectivity. Euler Motors plans to introduce a dedicated brand, 'Neo by Euler'. The new brand will cater to diverse customers. The company aims to expand across 50 cities in the next few months.
ET WLF 2025: Govt pushes local manufacturing for renewable energy growth
India boosts renewable energy equipment production. The government supports local manufacturing through PLI schemes and approved lists. New guidelines may increase wind power capacity and exports. Non-fossil fuels now comprise half of India's power generation. Experts see data centers and EVs driving clean energy demand. Technology advancements will determine the future energy mix.
OpenAI says Namaste India; ET Startup Awards are back
OpenAI is hiring in India as it prepares to open an office in the national capital. This and more in today’s ETtech Top 5.
GST rationalization: You don't become irrational; 10 stocks, from two sectors, some may get more, some less, some nothing
Stocks of some consumer-facing sectors have rallied in the past three days. The reason: A coming cut in GST rates will spur demand. On the face of it, there is nothing wrong with this assumption. The laws of economics say that lower taxes mean lower prices and lower prices mean higher demand. However, take the case of air-conditioners. If prices are cut next month, it does not mean an immediate demand spurt. Yes, it may have an impact by next summer. But if the summer is late and mild like this year, demand will be impacted. So, the impact of any GST rate cut comes with many ifs and buts. Similarly, there are sectors where the response needs to be rational rather than emotional. More than anything else, demand elasticity is the big factor when looking at GST.
Tata Motors returns to South African car market after six years
Tata Motors is re-entering South Africa's passenger vehicle market after a six-year hiatus, introducing a range of SUVs and a hatchback to compete with Chinese automakers. The company aims to capture a significant market share by offering budget-friendly options. Tata plans to expand its dealership network and introduce additional models in the future, partnering with Motus Holdings for distribution.
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