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Searched Tag: indian automobile industry

The Indian automotive sector has welcomed the GST Council’s decision to cut tax rates on various categories of automobiles, saying it is timely and will significantly benefit first-time buyers and middle-income families

Auto ind backs ‘growth-spurring’ GST rate-cuts

September 4, 2025, 01:58 PM - 4 min read

The GST Council’s decision to slash GST on various categories of automobiles has been hailed by the auto industry, saying the new rates will benefit first-time buyers and middle class families

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Steady model launches by Original Equioment Makers (OEMs) and incoming GST rate cuts may push domestic passenger sales this fiscal, said ratings agency ICRA on Friday

Passenger vehicle sales may jump 1-4 pc this fiscal: ICRA

August 30, 2025, 12:21 PM - 2 min read

The domestic passenger vehicle industry, which was languishing from low sales this fiscal, may have received a shot in the arm with the government’s GST reform plan, opine experts

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India, which sourced over 80 per cent of its 540 tonnes of magnet imports from China last fiscal, has started to feel the heat after China put curbs on exports

Indian auto reps await China’s consent for rare earth meeting

June 29, 2025, 03:32 PM - 3 min read

By May 2025, nearly 30 import requests for rare earth materials from Indian companies were endorsed by the Centre, but are yet to be approved by the Chinese authorities, and no shipments have arrived, putting the Indian auto industry at risk of losses

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