Tag Archives: as

Used car imports jolted as govt revives restrictions

KARACHI: The Ministry of Commerce (MoC) has revived a condition for used car imports that proved controversial last time it was introduced. The condition is that payment of duties and taxes for all car imports be made in foreign exchange to be directly remitted from abroad by the person importing the vehicle. Most used cars are imported in Pakistan under ... Read More »

Market for used cars shifts as sterling rates drive UK imports

Kieran Whelton with some of his UK imported secondhand cars at his car dealership in Knock, Co Mayo. Photograph: Keith Heneghan Share to FacebookShare to TwitterShare to Email AppShare to LinkedIn For the Irish motor trade, the market is as much about currency rates as cars. Dealers watch the latest forex market as closely as the IFSC currency traders. Kieran ... Read More »

Delhi cars to cost more as transport department hikes one-time parking charges up to 18 times

Car buyers will have to pay higher one-time parking charges in 2019 as the Delhi Transport Department has approved a recommendation for a hike by three municipal corporations of the city. According to the order, the charges will now range between Rs 6,000 to Rs 75,000. An order issued by outgoing Transport Commissioner Varsha Joshi on Friday said the new ... Read More »

Petrol prices in India slide further as crude gets into $50 range

Petrol prices have slid globally amidst the upheaval in the oil market following the sanctions on Iran and increased output from OPEC as well as America. With the prices for Brent crude hitting the $50 range after peaking at about $74 about a couple of months ago, the prices in India have also reduced from the all-time high they had ... Read More »

Howes: Creative opportunities abound in Detroit as carmakers ditch auto shows

If auto shows are a thing of the past, what’s next for the annual North American International Auto Show in Detroit? CREDIT NATHANAL PHOTOGRAPHY / FLICKR – HTTP://BIT.LY/1XMSZCG After nearly 30 years, big changes are in the wind for the North American International Auto Show. Daniel Howes, Detroit News business columnist, says that it’s crucial for the organizers of the show, the ... Read More »

GST Rates: Used Cars To Get Cheaper As Latest GST Council Meeting Slashes Rates

The GST council has lowered GST rates on used cars by 10-16 per cent Highlights GST rate on used cars has been lowered as per the category Small used cars benefit more with the GST rate lowered from 28% to 12% Cess has been abolished completely on ambulances by the GST council Ahead of the Budget 2018, the GST Council ... Read More »

Eight sports cars rendered as SUVs show us the horrors of crossovering

Crossovers and SUVs are all over the place today, and they’re driving current car sales through the roof. With companies like Bentley, Alfa Romeo and Lamborghini joining the SUV bandwagon, there’s little sacred territory left. Well, someone asked himself how iconic sports cars would look like SUVs, so here’s the short answer: most of them would look horrid. Some of them, I don’t ... Read More »

Aston Martin upgrades forecasts as demand for luxury sports cars moves into fast lane

Aston Martin’s DB11 has helped lift the average selling price of the company’s cars ]Aston Martin’s turnaround is accelerating after the luxury sports car manufacturer notched up record sales in the first nine months of the year. The company sold 3,330 cars during nine months to the end of September, a rise of 65pc on the same period the year before, ... Read More »

New challenges for the world’s auto shows as some car makers stay away

A Rolls-Royce Ghost on the opening night of the 2015 Dubai International Motor Show. Alex Atack / The National. Motor shows have been around for more than a century and are traditionally the chief place where carmakers whip silk sheets off their latest offerings, watched by a massive audience and a huge media throng. The 1989 Frankfurt motor show drew 1.2 million ... Read More »

Big insurers brace for perilous future as climate risks escalate

After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get its act together if it wants to survive climate change. Insuring against weather natural disasters could reach unaffordable levels for households and companies, while the potential damage is so unpredictable it may be impossible to model—an unacceptable risk to insurers. ... Read More »