Mercedes-Benz India sold 5,119 units during Q2 FY 2025-25 On October 6, 2025, Mercedes-Benz India announced that it achieved its highest-ever monthly sales in September 2025, registering a 36% increase compared to September last year. The performance was driven by the Government's GST 2.0 reforms, which improved customer sentiment and spurred purchases that had been on hold since mid-August. During the nine-day Navratri festival, the brand retail...

News  Updated at: 2025/10/07

87,735 units compared to 1,208,996 units last year, while three-wheeler (3W) sales declined by 7.2% YoY to 98,866 units against 106,534 units. (The above numbers do not have figures from the Indian state of Telangana (TS)) FADA reported subdued activity until September 21, followed by a surge after GST 2.0 came into effect. The reduction in GST rates, combined with festive promotions, reignited customer interest and led to higher enquiries and bo...

News  Updated at: 2025/10/07

r the first nine months of 2025 (January-September). The luxury carmaker faced challenging market conditions due to geopolitical developments affecting customer sentiment and unfavorable exchange rate movements. The company expects the festive season demand and increased customer interest following GST 2.0 to improve sales momentum in the fourth quarter. Despite market headwinds, Audi India remains optimistic about closing 2025 with improved perf...

News  Updated at: 2025/10/06

ihalli, Bengaluru. The facility, measuring 8,094 square meters, will be leased for five years starting October 1, 2025. The leased site will be used exclusively for manufacturing and assembling electric buses. Under the agreement, Azad India Mobility will pay a monthly rent of INR 2.55 million plus GST, with a 5% escalation every year. The transaction is a related party arrangement since certain directors are common to both companies. The deal gi...

News  Updated at: 2025/09/29

FADA, India flags concerns over compensation Cess withdrawal On September 10, 2025, the Federation of Automobile Dealers Associations (FADA) held the 7th edition of its Auto Retail Conclave, addressing industry leaders and government officials. FADA commented on recent GST reforms, highlighting that while GST 2.0 is significant, the removal of Compensation Cess could impact dealers' working capital and festive season momentum. He advocated for a ...

News  Updated at: 2025/09/11

Indian two-wheeler OEMs slash prices after GST reduction from 28% to 18% On September 3, the GST Council approved sweeping tax reforms for India’s auto sector, slashing GST on motorcycles and scooters below 350cc from 28% to 18%, effective September 22, 2025. The move covers 98% of India's two-wheeler market and has prompted major OEMs to roll out significant festive price cuts. Hero MotoCorp announced reductions of up to INR 15,743, Royal Enfi...

News  Updated at: 2025/09/10

Automakers across India slash vehicle prices as GST benefits passed to customers On September 3, during its 56th meeting, the GST Council approved comprehensive tax reforms for India’s automotive industry, announcing various rate cuts for OEMs' vehicles. In response, many major OEMs in India—including Mahindra & Mahindra, Tata Motors, JSW MG Motor, Toyota Kirloskar Motor, Hyundai Motor India, Kia Motors India, and Nissan Motor India have anno...

News  Updated at: 2025/09/08

o 103,105 units against 105,493 units. (The above numbers do not have figures from the Indian state of Telangana (TS)) In the passenger vehicle (PV) segment, the month began on a positive note with healthy enquiries and festive bookings, but momentum slowed in the latter half as the announcement of GST 2.0 reforms led many customers to postpone purchases in anticipation of a price reduction. Heavy rains and floods in some regions further disrupte...

News  Updated at: 2025/09/08

Government of India slashes GST on cars, bikes, and auto parts to 18% On September 3, during its 56th meeting, the GST Council approved comprehensive tax reforms for India’s automotive industry. Key changes include: Small petrol, LPG, and CNG cars (≤1,200 cc, ≤4,000 mm): GST cut from 28% to 18%. Diesel cars (≤1,500 cc, ≤4,000 mm): GST cut from 28% to 18%. Motorcycles (≤350 cc) and three-wheelers: GST cut from 28% to 18%. Hybrid vehic...

News  Updated at: 2025/09/04

Government of India to cut GST on small cars, two-wheelers from 28% to 18% ahead of Diwali On August 18, multiple sources reported that the government of India is expected to cut the GST rate on small gasoline and diesel cars, as well as two-wheelers under 350 cc, from 28% to 18% ahead of Diwali, a move aimed at boosting demand in the entry-level segments. Currently, small cars up to 4 meters in length and 1,200 cc engine capacity attract 28% GST...

News  Updated at: 2025/08/19

Rajasthan Government launches INR 2 billion e-vehicle promotion fund to boost EV adoption On February 11, Rajasthan government announced the establishment of an INR 2 billion E-Vehicle Promotion Fund under the Electric Vehicle Policy-2022 to encourage the adoption of electric vehicles (EVs) in the state.  The policy, aligned with FAME-2, includes provisions for reimbursing the State GST amount and offering a one-time grant from the promotion fun...

News  Updated at: 2025/02/18

which has resulted in the company being subject to high import duties, ranging from 70-100%. Government support promises a positive outlook The Indian government is providing significant incentives for BEV adoption compared to other hybrid types. For example, BEVs enjoy a 5% Goods and Services Tax (GST) rate, while Full Hybrid (HEV) and Plug-in Hybrid (PHEV) vehicles face a 43% GST rate, slightly lower than traditional ICEs but still higher than ...

News  Updated at: 2025/01/27

duction is expected to begin in Q2 FY 2025-26. Endurance Technologies is finalizing the acquisition of the leasehold land, with 50% of the land being used for this project and the remaining land reserved for future expansion. The planned INR 3,000 million capex includes the acquisition cost, net of GST credits Currently, Endurance manufactures alloy wheels at its Chakan, Pune plant, which has a capacity of 230,000 sets per month. (Based on Endura...

News  Updated at: 2024/10/11

se from about 44 units per 1,000 adults currently, to around 50 units in 2030, and 60 units in 2035. However, we remain circumspect due to the market’s recent history, which has been marred by various one-time factors such as demonetisation in 2016, the introduction of the Goods and Services Tax (GST) in 2017, the credit crunch in late 2018 to 2019 (following a default of a major non-bank financial company), and the COVID-19 crisis. Like many o...

News  Updated at: 2024/10/02

Heavy Industries. In its recommendations, ACMA proposed several key measures including incentivizing capex expenditure by reintroducing additional investment allowance provisions, increasing depreciation rates on plant and machinery in the auto component industry from 15% to 25%, and rationalizing GST rates on EVs and their components. It further, requested the Government for clarity on tax deductions on business benefits and perquisites under S...

News  Updated at: 2024/06/25

Germany starts nationwide trials of digital driver assistance systems for heavy-duty transport On June 12, the Federal Ministry for Digital Affairs and Transport (BMDV) announced that it is starting a nationwide trial operation with the federal states for so-called digital co-drivers for large-volume and heavy-duty transport (GST).  These are electronic driver assistance systems that navigate GST along the approved routes and simultaneously disp...

News  Updated at: 2024/06/12

use. Mahindra expects that as battery costs decline over time, the need for EV incentives will diminish as EVs become cost-competitive. Their long-term strategy remains a full transition to electric vehicles. Its decision was followed after the finance Minister of India confirming there would be no GST reduction for hybrid vehicles.  It cited that the EV penetration in is India currently at only 2% and growing EV sales will require developing su...

News  Updated at: 2024/05/23

l with 360-degree rotation, and a high-capacity hot-swappable battery for extended testing. Designed robustly, it can withstand heavy commercial vehicle testing. The LaunchPad Spin joins AB Dynamics' portfolio of Euro NCAP-approved propulsion systems, including the LaunchPad 50, 60, and 80, and the GST platform. It will be showcased at upcoming events like the JSAE Annual Congress in Yokohama and the Automotive Testing Expo Europe in Stuttgart. B...

News  Updated at: 2024/04/17

ing consumers away from diesel vehicles and towards hybrids, especially in the mid-to-large-size and SUV segments. Sales of HEV versions of key models such as Hyundai’s Grandeur and Santa Fe, plus Kia’s K8 and Sorento accounted for more than half of their total sales in 2023. India: Despite the GST tax rate for HEVs being in the same range as ICE and significantly higher than BEV, key OEMs such as Toyota and Suzuki have introduced more HEV mo...

News  Updated at: 2024/03/07

for the transfer of identified assets and business pertaining to the last mile mobility business to MLMML. Further, it approved investment in the equity shares of MLMML, up to an amount not exceeding INR 8.6 billion.Out of the above proceeds, MLMML will utilize approximately INR 8.24 billion (plus GST) towards the discharge of consideration for asset transfer and business transfer from the company. The balance amount will be used for stamp duty ...

News  Updated at: 2023/09/04