Toyota Motor Corp. will not expand further in India due to the country’s high tax regime, a blow to Prime Minister Narendra Modi, who is trying to attract global companies to offset the deep economic malaise caused by the coronavirus pandemic. The government keeps taxes on cars and motorcycles so …
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Union Minister Nitin Gadkari said the Center is very close to finalizing the new vehicle scrapping policy for the country. Speaking at the ACMA 60th Annual Session, Gadkari’s statements on the state of the policy will bring relief to many automakers who have been demanding it for some time. Gadkari …
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NEW DELHI: Pledging full support to the auto industry, Union Minister Nitin Gadkari on Friday encouraged automakers to introduce flex-fuel engines in India on a large scale to promote alternative fuels in alignment with the push for the government ‘Aatmanirbhar Bharat’. To encourage alternative fuel, the government has decided to …
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[ad_1] Maruti Suzuki India Ltd will retain its ₹Rs 2.7 billion capital expenditure plan for this financial year, undeterred by the turmoil caused by the coronavirus outbreak that has affected vehicle sales and profits. India’s largest automaker also hopes to reopen its second factory at Gurugram in Haryana soon, after …
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