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No GST cut on cars even as the FM brings in measure to boost demand

Saturday, August 24, 2019, 9:21 AM

Finance Minister Nirmala Sitharaman said that to boost demand in the automobile sector several temporary relief measures will be introduced including an increased depreciation cost for automobiles for corporates and businesses, however, she stopped short of giving a GST cut for automobiles, something the industry has been lobbying for. The Indian automobile industry is going through a prolonged slowdown for the past twelve months.
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Electric vehicles to match petrol car rates only after 2030

Saturday, August 3, 2019, 4:25 PM

Electric vehicles (EVs) would reach upfront price parity with internal combustion engine ( ICE) vehicles only after 2030, a latest report by Bloomberg New Energy Finance (BNEF) said. There are now more than five million EVs on roads around the world, but only a little more than 3,000 such four-wheelers were in India at the end of 2018, the report noted.
 
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"Right To Breathe": Supreme Court Seeks Centre's Reply On PIL

Wednesday, March 6, 2019, 8:31 AM

A plea has been filed in the Supreme Court seeking direction to the Centre for faster adoption of EVs to safeguard citizens' fundamental rights to "breathe, health, and clean environment". The top court has sought the Centre's response to the PIL, which referred to the comprehensive NEMMP-2020 of the Ministry of Heavy Industries that was devised in 2015 to promote and incentivise electric vehicles.

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