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.
Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024. The company sold 19,565 units last year, registering a growth of 12 per cent as compared to 17,408 units in 2023. Mercedes also saw sales […]
NEW DELHI: Hyundai Motor India on Monday said it has commenced local assembly of its compact SUV Venue in Nepal in collaboration with Laxmi Group. The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units. “Hyundai Venue will be the first locally assembled model to roll off the […]
In a bid to diversify Sports Utility Vehicle (SUV) portfolio in India, South Korean auto giant Hyundai Motor India Limited (HMIL) on Thursday announced the commencement of bookings for new Alcazar with an initial booking amount of Rs 25,000. “The bold new Hyundai ALCAZAR with a distinctive road presence, premium interiors, advanced technology and safety […]