The central government on Monday issued notices to major automakers, demanding payment of past Goods and Services Tax (GST) dues worth Rs 10,000 crore, for non-payment of compensation cess on sold vehicles, says ET Now citing sources.
The automakers have requested the government to review the notices.
Two wheeler manufacturer Honda Motorcycle and Scooter India has surpassed two crore sales in southern parts of the country, the company said on Tuesday. The company reached 1 crore sales milestone in 17 years, while the next one crore sales was achieved in seven years, totaling to over 2 crore sales in Andhra Pradesh, Telangana, […]
Mumbai: Two- and three-wheeler maker TVS Motor Co has appointed two new independent directors, subject to approval of shareholders. The two new board members are Chennai-based Sanmar Group’s chairman Vijay Sankar, and Shailesh Haribhakti of Shailesh Haribhakti & Associates, the company said in a press release. Meanwhile, Kuok Meng Xiong will step down as independent […]
New Delhi: Tata Motors on Sunday reported an 8 per cent rise in total wholesales at 71,693 units in August as compared with 78,010 units in the same month last year. The total domestic sales stood at 70,006 units last month as against 76,261 units in the year-ago period, a dip of 8 per cent, […]