New Delhi: India introduced Vehicle Scrappage Policy for old and unsafe vehicles in 2021. Finance Minister Nirmala Sitharaman announced the policy in Union Budget 2021. Later, on 18 March 2021, Minister for Road Transport and Highways Nitin Gadkari announced the extensive insights about the scheme. ...
Jul 12, 2023
Owning a large utility vehicle which includes an SUV and an MPV (Multipurpose Vehicle). SUV prices, above four metres, are likely to rise by 2 percent as the GST Council increasing the cess by 200 basis points from the current 20 percent to 22 percent. Under the current GST structure, larger SUV ve...
Jul 10, 2023
Hyundai India has launched its smallest SUV, the Exter, in India at an introductory price of Rs 6 lakh (ex-showroom). It's offered in seven trims with the petrol and CNG powertrains and sits below the Venue mid-size SUV. Hyundai Exter Exterior The Exter is the brand's entry-level SUV and carries...
Jul 10, 2023
India's largest SUV maker by revenue, Mahindra & Mahindra is in advanced talks with British Inte<br>ational Investment (BII) and some other global investors to raise up to INR 5,000 crore (USD 605 million) for its electric vehicle unit. If discussions about Mahindra Electric Automobile come to a po...
Jul 7, 2023
Triumph Motorcycles has launched the all-new Triumph Speed 400 and Triumph Scrambler 400X in India, with an introductory price of Rs. 2.23 lakhs for the Speed 400 for the first 10,000 units. Then the price will be increased to Rs. 2.33 lakh (ex-showroom). Price for the Scrambler 400X will be announc...
Jul 7, 2023
New Delhi: Union road transport and highways minister Nitin Gadkari on Thursday announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of trucks belonging to categories N2 and N3. In a tweet, Gadkari said, “The draft no...
Jul 6, 2023
Maruti Suzuki, India's largest car manufacturer, has ventured into the premium MPV segment with the Innova Hycross-based Invicto. New Maruti Suzuki Invicto has been Launched in India at a starting price of Rs 24.79 Lakh, Ex Showroom. This is the eighth product sold via Nexa dealerships. Here's how t...
Jul 4, 2023
New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India's leading automotive companies, announced on Monday that overall auto sales in June 2023 stood at 62,429 vehicles. In the utility vehicle segment, Mahindra sold 32,585 vehicles in the domestic market and a total of 33,986 vehicles includi...