VOLKSWAGEN SMALL ELECTRIC CARS
Skoda announces price cuts up to Rs 3.3 lakh amid GST reforms, Volkswagen Virtus expected to cost lesser too
Car prices in India are set to decrease following Goods and Service Tax reforms. Hyundai, Mahindra, and Audi have announced new rates starting September 22. Skoda India will pass on benefits, reducing prices by up to Rs 3.3 lakh. Volkswagen is also expected to lower prices on models like Virtus and Tiguan.
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.
Volkswagen CEO: Tariffs have cost group billions so far
Volkswagen's CEO, Oliver Blume, revealed that U.S. tariffs have cost the company billions of euros this year, significantly impacting brands like Porsche and Audi. Porsche faces additional challenges due to a struggling Chinese market, creating a difficult situation. Volkswagen is in talks with the U.S. government regarding tax breaks for potential investments, including a possible Audi production plant.
Maruti Suzuki expects 10% growth in small cars after GST 2.0. What it means for investors?
Maruti Suzuki posted a 0.9% rise in consolidated Q1 net profit at Rs 3,792 crore, with revenue up 8% to Rs 38,605 crore. Operating EBIT, however, fell 19% as the automaker offered steeper discounts amid weak demand. The stock ended at Rs 14,903 on the NSE, gaining 1.64% and outperforming Nifty Auto with a 20% monthly rally.
Most EU carmakers on track to meet emission targets: study
Almost all European carmakers are on track to meet EU emission targets after winning a reprieve this year as electric vehicles (EV) sales pick up, a study released Monday showed. "The two-year extension of the targets allowed carmakers to take the foot off the gas and will lead to two million fewer electric cars being sold between 2025 and 2027," it said.
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.
- Go To Page 1
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.
VinFast shifts gears in India: Can the EV challenger outpace Tesla and Tata?
VinFast, Vietnam's leading carmaker, has entered the Indian EV market, challenging Tesla and Tata Motors with competitively priced electric SUVs like the VF6 and VF7. Aiming to become a major player, VinFast plans significant investments, job creation, and a manufacturing plant in Tamil Nadu.
VinFast bets on ecosystem, not volumes, for India: Asia CEO
Vietnamese EV maker VinFast has officially entered the Indian market. The company plans to build a complete ecosystem beyond just selling cars. This includes electric cars, buses, two-wheelers and charging infrastructure. VinFast has launched two models, the VF 6 and VF 7, assembled in Tamil Nadu. The company aims to offer benefits like free charging, maintenance, and a ten-year warranty.
BMW, the anti-Tesla, is playing the long game on EVs
BMW is set to unveil its electric iX3 SUV, showcasing the 'Neue Klasse' technology aimed at competing with rivals like BYD and Tesla. This new platform, backed by over €10 billion investment, promises enhanced battery range, faster charging, and improved user experience. BMW's strategy contrasts with competitors' all-in EV approach, emphasizing diverse powertrain options.
2W sales expected to grow 5-6%, passenger vehicles by 2-3% in FY26 post GST rationalisation: Crisil
Crisil Ratings anticipates a boost in India's automobile sector following GST rate rationalization, effective September 22, 2025. Two-wheeler sales are projected to grow by 5-6%, while passenger vehicles are expected to rise by 2-3%. The GST cut is expected to lower vehicle prices, coinciding with the festive season, and is expected to drive stronger demand.
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.
Tax cuts to drive growth in small car segment, says Maruti Chairman RC Bhargava
RC Bhargava, Chairman of Maruti Suzuki, has lauded the government's corporate tax reforms. He believes this move will revitalize the auto sector. Bhargava expects the small car segment to grow significantly. He projects an annual growth rate of around 10% for small cars. The overall industry growth could reach 7% to 8%.
GST 2.0 FAQs: Which cars just got cheaper & which ones got costlier? From insurance to gold to cigarettes, all key new price info here
The GST Council has approved a significant overhaul of the Goods and Services Tax regime, effective September 22, 2025, by limiting slabs to 5% and 18%. These changes aim to boost domestic spending and mitigate the impact of US tariffs, with rate reductions on various goods and services, including personal use items, medicines, small cars, and bicycles.
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: 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.
Small cars to remain Maruti's core, SUVs to help gain market share: Hisashi Takeuchi, MD Maruti Suzuki
Maruti Suzuki aims to regain a 50% market share in India by the decade's end, focusing on the growing SUV segment, which now constitutes 55% of car sales. The company's SUV sales have tripled since FY21.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
Big engines, bigger taxes: GST 2.0 hikes duty on luxury cars to 40%
India's new GST overhaul brings significant tax changes to the automobile sector. Small petrol and diesel cars will benefit from reduced rates, while luxury vehicles and high-end electric cars face increased levies. This shift aims to simplify the tax structure, potentially boosting sales of smaller vehicles but impacting the growth of the premium EV market.
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%.
The govt wants you to fall in love with hatchbacks again
The Goods and Services Tax (GST) Council has approved a revised tax structure for the automobile sector. Tax rate for bigger cars is now 40%. Levies on smaller cars and motorcycles up to 350cc are reduced to 18%. This decision comes as Sports Utility Vehicle (SUV) sales experience their first decline in over five years.
From Brezza to Victoris: Maruti shifts gears to reclaim dominance in SUV space
Maruti Suzuki aims to reclaim a 50% domestic market share by the decade's end, focusing on the booming SUV segment, which now constitutes 55% of Indian car sales. Managing Director Hisashi Takeuchi highlights the success of models like Brezza and Fronx in the entry-SUV category.
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.
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.
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.
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.
Tesla's sales rout in some European markets extends to eighth month
Data from France on Monday showed registrations for Tesla cars fell 47.3% in August versus the same month in 2024, while the overall car market grew nearly 2.2%. Sales in Norway and Spain rose but growth was well below that of China's top electric carmaker BYD.
Don't give in to US bullying, says Maruti Suzuki Chairman Bhargava
Maruti Suzuki Chairman RC Bhargava on Thursday urged India not to yield to US pressure over tariffs, calling for unity and dignity in the face of intimidation. Speaking at the company’s AGM, he welcomed GST restructuring as a growth booster, pitched for lower taxes on small cars, and suggested Japan-style compact cars. He also emphasised fair taxation for clean technologies.
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.
Load More
