Tag Archives: Cent

Government Bullish EVs Could Make 15 Per Cent Of New Car Sales In India In 5 Years

Nitin Gadkari, Minister of Road Transport Highways & Shipping, has announced at the SIAM annual convention 2018 that the government has no plans to subsidise electric vehicles in India. At present, GST on EVs is charged at the rate of 12 per cent. In contrast, GST is charged at the rate of 43 per cent on the minimum side for ... Read More »

Car Sales August 2018: Hyundai Registers Sales Growth Of 3.4 Per Cent

The country’s second largest car manufacturer, Hyundai Indiaregistered sales growth of 3.4 per cent in the month of August 2018 as it sold 61,912 units compared to 59,905 units sold in the same period last year. However, the domestic sales stood at 45,801 units, a decrease of 2.8 per cent as compared to 47,103 units sold in the same period last ... Read More »

Car Sales August 2018: Mahindra Registers 14 Per Cent Growth

Mahindra & Mahindra announced its auto sales for the month of August 2018, and the automaker has registered a 14 per cent growth in volumes. The company’s overall sales stood at 48,324 units last month, as compared to 42,207 units sold during August 2017. Mahindra’s domestic sales stood at 45,373 units last month, which grew by 15 per cent. The passenger ... Read More »

10 Per Cent Cess Hike On Larger Cars & SUVs: Ten Things To Know

The new Goods and Services Tax regime had seen a realignment of taxation in the passenger car space to 28 per cent GST. However different segments of vehicles also attracted an additional cess – 1 per cent for small petrol cars / 3 per cent for small diesel cars (under 4 metres in length and certain engine capacity), and 15 ... Read More »

Used car website Auto Trader’s profits up 18 per cent

Operating profit in the 12 months to March 31, 2017 was £203.1million, up 18 per cent on the previous year. The increase was driven by a 9 per cent increase in revenue, to £311million, and a 6 percentage point rise in operating margins, to 67 per cent. The group also declared a higher final dividend, bringing the total for the ... Read More »

New car sales fall by 20 per cent in April

Vehicle registrations are down by a fifth as buyers looked to avoid the new tax rates in April but they’re still up on last year New car sales plummeted by 20 per cent in April as buyers looked to avoid the new, higher Vehicle Excise Duty rates introduced in the beginning of the month. Figures from the Society of Motor ... Read More »

Yamaha Shines With a increase of 66 per Cent in Its sales in April, 2016

Yamaha has registered a boom of a whopping 66 consistent with cent inside the past twelve months. The business enterprise offered sixty three,927 devices in April 2016 against 38,568 gadgets identical time remaining year. Yamaha has attributed the same to an growing recognition on expansion in tier II and tier III cities. The company has also been carrying out a ... Read More »

Electric Vehicles Sales Grow by 37.5 per Cent in FY 2015-16

  While India is reaching new heights every day and growing at a fast pace, there’s one area where we are heavily investing but still haven’t reached our potential – electric vehicle industry. There have been various initiatives by the Government of India to promote the of electric vehicles in India but a very few vehicle options available and the ... Read More »

Hero MotoCorp Posts 14 per Cent Growth in March

Hero MotoCorp Limited (HMCL), the world’s largest two wheeler manufacturer, sold over six lakh two wheelers (6,06,542) in March 2016, registering a 14 per cent growth over the corresponding month last year when the company had sold 5,31,750 units. In the financial year 2015-16, HMCL sold 66,32,322 two wheelers, as against 66,31,826 two wheelers a year ago. “Closing the financial ... Read More »