TOYOTA
GST cut: See revised prices of Maruti, Hyundai, Mahindra, Tata, Toyota, Skoda, Renault, BMW, Mercedes and other carmakers
The introduction of GST 2.0 has significantly reduced car prices across India, offering savings from ₹65,000 to ₹8.9 lakh on various models. Major manufacturers like Mahindra, Tata Motors, Toyota, Skoda, Renault, BMW, Mercedes-Benz, and Hyundai have announced price cuts. These reductions, effective from September 22, span from entry-level hatchbacks to luxury SUVs, making vehicles more affordable.
Toyota price slash: Fortuner, Innova, Hyryder, Glanza and others get cheaper by up to Rs 3.5 lakh after GST rationalisation
Toyota Kirloskar Motor has announced significant price reductions across its entire product lineup in India, passing on the full benefits of the recent GST reduction to customers just before the festive season. The Toyota Fortuner sees the largest price cut, followed by the Legender and Hilux.
Tesla market share in US drops to lowest since 2017 as competition heats up
The decline highlights the threat from automakers ramping up EV incentives at a difficult time for the industry. Analysts expect an EV sales bump to continue through September in the United States, then drop when federal tax credits expire at the end of the month, raising financial pressure on Tesla and other automakers.
AURIC Smart City projects to generate 62,405 jobs, Rs 71,343 cr investment potential: Govt
AURIC Smart City's Shendra-Bidkin Industrial Area has garnered significant investments, exceeding Rs 82,315 crore, from companies like Ather Energy and Toyota Kirloskar. This development promises to generate over 49,455 direct and indirect jobs. To further support MSMEs, office space rents at AURIC will be reduced by 50% starting April 1, 2025.
Car cos turn on incentive engine to drive demand, spend ₹8,426 cr in 2024 to boost demand
Indian carmakers face challenges like rising costs and regulations. They are using incentives to attract buyers amid slow demand. Companies spent heavily on discounts to maintain sales. Focus is shifting to higher-margin models. GST rate changes offer hope, but dealers grapple with inventory issues. Automakers are carefully balancing costs and sales strategies during this period.
- Go To Page 1
New GST rate on cars and other vehicles simplified; check old vs new GST on automobiles
The GST Council has revised the Goods and Services Tax, simplifying it into 5% and 18% slabs. GST on small cars is reduced to 18%, while other car segments face a 40% tax. This eliminates cess and simplifies tax calculations on vehicles and household goods.
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.
GST 2.0: Biggest gainers and losers of the new tax regime
India has announced revised Goods and Services Tax (GST) rates. Finance Minister Nirmala Sitharaman announced GST cuts on many items. The changes will impact good from dairy items to cars. New rates take effect from September 22. Daily use items see lower taxes. Cars, TVs, and cement also get tax cuts. Apparel costing over 2,500 rupees will see a tax increase.
Japan's Nikkei rebounds as tech shares mirror Wall Street peers
Japan's Nikkei share average rebounded on Thursday from a nearly one-month low in the previous session, as domestic technology stocks led the rally following overnight gains among U.S. peers.
The MIT xPRO advantage: Future-proofing tech leaders in India’s $300 billion digital economy
Here’s how this program connects to real-world tech leadership needs, and why it’s a great pick for Indian decision-makers who operate in high-growth or transforming environments.
India missed the chip bus. Now it's playing catch up
India has started manufacturing semiconductor chips. Prime Minister Narendra Modi received the first made-in-India chip. This marks a significant step after years of missed opportunities. The government is investing heavily to boost domestic chip production. The goal is to reduce reliance on foreign suppliers. India aims to become a key player in the global semiconductor market.
PM Modi's tax reform set to slash levies on shampoos, hybrid cars, TVs
India is poised to significantly overhaul its Goods and Services Tax (GST) system, potentially slashing taxes on approximately 175 products, including consumer goods, electronics, and hybrid cars. The GST council is expected to finalize these cuts in early September, aiming to boost domestic consumption, support local manufacturers, and offset potential export declines.
GST 2.0: Personal care, electronics and hybrid cars could see up to 10-point tax reduction
Prime Minister Narendra Modi's planned GST cuts are poised to alleviate financial burdens on consumers and stimulate sales of everyday essentials and electronics before the festive season. The government intends to reduce the goods and services tax by a minimum of 10 percentage points on approximately 175 products, encompassing items from personal care to hybrid cars.
Car sales stay in slow lane for 4th straight month
Passenger vehicle sales in India experienced a fourth consecutive month of decline in August, dropping 7% to 330,000 units as carmakers strategically adjusted dispatches in anticipation of revised GST rates. The GST Council is expected to discuss lowering the levy on small cars, potentially boosting sales.
Automakers report dip in vehicle dispatches in August as buyers await price cut in GST rejig
Major Indian automakers like Maruti Suzuki and Hyundai experienced a sales dip in August. Buyers postponed purchases anticipating GST rate cuts. Maruti Suzuki's dispatches fell by 8 per cent. Hyundai saw an 11 percent decrease. Mahindra & Mahindra's utility vehicle sales also declined. Tata Motors reported a 7 per cent drop. GST Council will meet to discuss tax reforms.
PM Modi rides in Hongqi L5, Aurus Senat at SCO Summit: What Xi Jinping’s 'Red Flag', Putin's 'Fortress-on-wheels' limousines signal
SCO summit 2025, Tianjin: Prime Minister Narendra Modi was chauffeured in China’s state limousine, the Hongqi L5, during the SCO summit in Tianjin. The L5 is President Xi Jinping’s signature state car and a national symbol of China’s “Made in China” push. The vehicle’s size, interior fittings and price reflect its ceremonial role. The summit saw exchanges between Modi, Xi and Putin that combined personal bonhomie with geopolitical signalling. The ride in the Hongqi underscored protocol, respect and a cautious thaw in ties between New Delhi and Beijing.
Russian Consulate in Sydney attacked, authorities struggle to arrest man who slammed car into the building
A white Toyota SUV rammed into the Russian consulate in Sydney's Woollahra. The incident occurred around 8 am local time. Police arrested the 39-year-old driver after he allegedly drove through the gates. Officers used batons to break the car window. The driver is now assisting investigators at Surry Hills Police Station.
Rising epidemic of motor vehicle theft in India: SUVs targeted by thieves
Vehicle theft in India has surged, with SUVs like Hyundai Creta and Toyota Fortuner being prime targets. Insurers are concerned as thefts have more than doubled, impacting their bottom lines. Stolen vehicles are often dismantled in illegal scrap yards, and sophisticated criminal networks are using technology to bypass security systems, making recovery difficult.
No significant impact on fuel efficiency of vehicles on account of higher blend of ethanol, say OMCs and carmakers
The govt had mandated all vehicles manufactured to be E20 (blended fuel with 20% ethanol and 80% petrol) material compliant April 2023 onwards and fully E20 compliant from April 2025.
India, Japan working together to bolster critical minerals supply chains
India and Japan are working together to bolster critical minerals supply chains through partnerships in the Mineral Security Partnership, the Indo-Pacific Economic Framework, and Quad Critical Minerals Initiatives, according to a factsheet released by the Ministry of External Affairs (MEA) on Friday.
India's push for ethanol-mixed fuel sparks driver backlash, leaves carmakers scrambling
India's nationwide rollout of E20 fuel, a blend with 20% ethanol, faces backlash from motorists concerned about its impact on older vehicles. Automakers offer mixed guidance, and some fuel stations report angry reactions from drivers due to the lack of alternative fuel options.
Japan's Nikkei falls as August rally spurs profit-taking
Japan's Nikkei share average fell on Friday, as August's rally invited profit taking on the month's final trading day, while a stronger yen and some weak economic readings weighed.
India, Japan eye trade boost with nearly 100 MoUs as Modi, Ishiba meet in Tokyo
Prime Minister Modi's visit to Tokyo for the India-Japan Annual summit aims to strengthen trade and investment ties amid challenges in trade relations with the US. A key focus will be on attracting increased Japanese investment, with potential MoUs to be signed. Japanese partnerships are also integrating Indian SMEs into global supply chains across various sectors.
Advantest leads Japan's Nikkei higher ahead of Nvidia report
Japan's Nikkei experienced a boost, driven by Advantest's gains as investors eagerly anticipated Nvidia's outlook. Nikon surged following reports of EssilorLuxottica's potential stake increase. Market sentiment was influenced by expectations of a Federal Reserve rate cut and concerns about potential Bank of Japan policy adjustments, impacting the yen's trajectory. Automakers saw mixed performance, while bank shares generally declined.
TICAD9: Marrying African ingenuity with Japan’s technological strength
The ninth Tokyo International Conference on African Development (TICAD9) convened in Yokohama, emphasizing collaborative innovation between Africa and Japan. Prime Minister Ishiba proposed an Indian Ocean-Africa Economic Zone and pledged significant financial support for sustainable development and AI training. TICAD, a platform for fostering Africa's growth and stability, promotes partnerships beyond aid, focusing on economic advancement, peace, and human security.
Japan's Nikkei ends at over 2-week low as yen gains after Trump fires Fed's Cook
Japan's Nikkei share average ended at a more than two-week low on Tuesday, as the yen strengthened after U.S. President Donald Trump fired a Federal Reserve governor.
The backbone of the global auto supply chain is at risk from Trump's tariffs
Asahi Tekko, a Japanese automotive parts maker, faces uncertainty due to U.S. trade policies and tariffs imposed by the Trump administration. These tariffs, while temporarily reduced, threaten to hurt American demand and disrupt global automotive supply chains.
Load More
