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Searched Tag: luxury cars

Talking about the ‘one-of-its-kind deal’, Himanshu Shah, vice president of Jain International Trade Organisation (JITO), said that a majority of the cars were bought by Jains based in Gujarat

Jain community bags ‘one-of-a-kind deal’ on 186 high-end cars

October 19, 2025, 05:33 PM - 2 min read

The Jain International Trade Organisation (JITO) pulled off a unique deal recently by buying a whopping 186 luxury cars after securing discounts of up to ₹21 crore

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The 2021 model BMW X7 is registered in the name of Bhagwandas Holdings Pvt. Ltd. The company had challenged the seizure, arguing that even after nearly 21 months, the Enforcement Directorate had failed to prove any link between the car and the alleged proceeds of crime.

Tribunal directs release of BMW car seized from Soren’s house

October 7, 2025, 07:15 PM - 3 min read

After reviewing the submissions, the tribunal observed that the ED had failed to present any concrete evidence connecting the vehicle to criminal activity despite multiple opportunities.

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The GST reform announcement by the Centre was hailed by the industry, businesses and common people in hopes of lower taxes on everyday essentials as well as electronics, automobiles, and other segments

Luxury carmakers await GST rate clarity to speed-up festive sales

August 31, 2025, 06:37 PM - 4 min read

The country’s luxury car segment, which relies heavily on festive season purchases, is awaiting clarity by the GST Council on the GST 2.0 rollout as prospective buyers adopt a wait-and-watch stance

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