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New Delhi: India’s automobile industry has broadly welcomed the Union Budget 2026-27, calling it a growth-oriented roadmap with a clear push for manufacturing, localisation and clean mobility. According to senior executives of major automobile companies, higher capital expenditure and targeted incentives for EVs, semiconductors and critical minerals could strengthen demand and supply chains. Tarun Garg…
Last Updated:September 04, 2025, 01:48 is The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, has proposed to slash GST rates on certain vehicles from 28% to 18%. The GST cuts will make automobiles more accessible.(Representative Image) The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising ministers from all states, approved…
New Delhi: India’s automobile industry showed 2.8 per cent year-on-year (YoY) growth in retail sales in August, with robust performance in the two-wheeler segment, a report said on Wednesday. Two-wheeler manufacturers increased sales by 2.1 per cent primarily through exports and festive-season inventory buildup on the part of dealers, a report from Choice Institutional Equities…
Automobile Industry Reactions On Union Budget 2024: Union Finance Minister Nirmala Sitharaman presented Union Budget for the financial Year 2024-25, underlining the Modi 3.0 government’s top priorities. Despite no big direct announcement for the automobile sector, here is how the industry reacted to the Union Budget 2024. Vinod Aggarwal, SIAM President “The Indian Automobile Industry…