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auto sector News
Big boost for auto sector coming soon from Modi govt? No tax for electric vehicles, proposes Niti Aayog
Fri, Jan 11, 2019
Addressing the age-old demand of the auto players, the government is in a mood to waive off taxes on the electric vehicles in India. This was made public by the Niti Aayog CEO Amitabh Kant at the Make in India session at Energy Storage India 2019 today.
Blockchain network: Disruptive in auto sector
Mon, Dec 24, 2018
54% of automobile pioneers will implement their first commercial blockchain network at scale within next three years, said a study by IBM Institute for Business Value.
Want to own this great business of the future? Modi govt set to create new class of small entrepreneurs
Wed, Nov 21, 2018
The government has circulated the EV charging policy, seeking comments and suggestions from different departments and ministries. Power and New & Renewable Energy minister R K Singh when asked whether individuals would be able to use the facility on a commercial basis, said, “Absolutely you don’t need a license”.
15% customs duty to make assembled vehicles costlier
Thu, Feb 01, 2018
Imported trucks and buses along with cars and motorcycles assembled in India with components fully shipped from overseas will become costlier with the government today hiking the custom duty.
Budget 2018: Market under pressure; key stocks to track across 5 sectors on B-Day
Wed, Jan 31, 2018
The benchmark indices came under under pressure on Wednesday ahead of the Budget 2018 due on Thursday. The Sensex slipped below 36,000, while the broader Nifty tested its key support of 11,000.
Early indicators for Nov 2017 signal rebound in industrial growth: ICRA
Thu, Dec 21, 2017
The performance of ten of the 16 early volume-based indicators improved sequentially in November 2017, while several of the remaining indicators displayed a base effect-led moderation in the pace of YoY growth, said the report.
Auto Expo to showcase dynamic total mobility solutions: SIAM
Mon, Dec 11, 2017
The show, for which online bookings on bookmyshow.Com have opened from today, will see new participants like South Korea's Kia Motors, Japan's Kawasaki and IT major Microsoft, while notable absentees include Ford India, General Motors, Volkswagen group and Nissan.
India's IT, Auto, Pharma sectors may face brunt of Trump's border tax
Mon, Jan 30, 2017
If Border Tax Adjustment (BTA) brought into effect, there are some Indian sectors like IT services, Textiles, Healthcare and Auto that will be impacted as they might face higher competition from domestic US companies and see rise in cost of their products.
Stable outlook of Indian corporates will bring sustained economic growth further: Moody's
Wed, Jan 04, 2017
Laura Acres, Managing Director in Moody's Corporate Finance Group said, Strong GDP growth, capacity additions and stabilizing commodity prices will support EBITDA growth of 6%-12% over the next 12-18 months,"
Automobile sector finds growth lane but can it change gears?
Sun, Oct 09, 2016
It looks like automobile sector in India is finally taking the much needed corner towards higher sales.
Domestic market cheers on US Fed verdict; Sensex surges 300 points
Thu, Sep 22, 2016
The Indian rupee opened higher by 16 paise at 66.86 per dollar against the previous close at 67.02 on Wednesday
Indian markets close higher; Sensex up 446 points
Tue, Sep 06, 2016
Domestic markets traded strong on Tuesday as Sensex rose 445.91 points to end at 28,978.02 while Nifty surged 133.35 points to close at 8,943 points.
Truck, bus sales show signs of economic recovery
Tue, Aug 09, 2016
The domestic sales of buses had increased by massive 13.7% in 2015-16 compared to only a 0.17% growth in 2014-15.