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gst: Govt support in GST cut to aid entire PV industry: Tata Motors

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NEW DELHI: Any kind of support from the government in terms of GST reduction would help the passenger vehicle segment immensely as it would negate some of the price increase in vehicle prices due to the shift to stricter BS-VI emission norms, according to a top Tata Motors executive.

In an interview with PTI, Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said the reduction in vehicle prices would even help end customers who have been facing various pressures owing to the current state of the economy.

“Due to this transition from BS IV to BS VI, there has been a significant escalation in cost. In these trying times customers are not very confident about the outlook how the future is going to be including their salaries and jobs.

“On top of that there has been an increase in vehicle prices. It definitely impacts the industry immensely and any support by the government to reduce GST to offset some of the price increase will definitely boost the whole PV industry,” Chandra noted.

He was replying to a query whether lowering of GST would help revive the industry.

The Indian automobile industry leapfrogged to BS VI emission standards from BSIV from April 1 this year.

While auto companies put in around Rs 40,000 crore to upgrade their facilities and products, the auto components industry chipped in with an investment of Rs 30,000 crore for the same.

Chandra said there has been a significant escalation in cost due to the transition from BS IV to BS VI emission regime.

“It (reduced GST) will help consumers who are going through low buying sentiments because of uncertain and precarious outlook for the economy and their source of income. So definitely it will be helpful to boost the volumes for the passenger vehicle industry,” he said. Currently, automobiles attract GST of 28 per cent with additional cess ranging from 1 per cent to 22 per cent.

When asked about the electric vehicle segment, Chandra said the government has done its part and it was now up to the ecosystem players to participate in the process.

“As far as the government is concerned, the trust they have been bringing to electrification is something which very few governments across the world have done. Significant capital has been diverted towards the FAME scheme and others including charging infrastructure and R&D,” Chandra said.

It is now up to the manufacturers now to scale up their operations, he added.

“Government has done a lot and the only thing that the government can consider is giving FAME scheme benefits to the personal car segment as well. Incentives currently are being directed towards shared mobility and it is not gaining traction as during the pandemic the fleet segment has got impacted a lot,” Chandra said.

Personal car segment is 90 per cent of the industry and even a lower penetration of this 90 per cent segment would bring more visibility to the electric segment in the country, he added.

“Demand can be triggered through personal segment. Keeping that in mind if FAME incentives are also provided to personal segment electric cars which meet the criteria of price, localisation, range it will just accelerate the process of electrification in the country,” Chandra noted.

Tata Motors currently sells Nexon EV and two trims of Tigor with different range outputs. During the July-September quarter, the company has sold over 900 electric vehicle units. Since January, over 1,500 units of the Nexon EV have been sold.

“We believe in the future of electric mobility. We already have two versions of Tigor, we have Nexon EV, and we have announced Altroz EV, something which we are working on. There will be additional versions and products which will come in the coming years,” Chandra said.


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Triumph commences pre-bookings for Trident 660 at Rs 50000

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NEW DELHI: Triumph Motorcycle introduced pre-booking of its upcoming roadster Trident 660.
The pre-bookings are open across all Triumph India dealerships and customers can book with an initial amount of Rs 50,000/-. Triumph is offering a special finance scheme for the Trident at an EMI of just Rs 9,999 for a limited period. The booking amount on the Trident 660 is 100% refundable until the price announcement of the motorcycle.

The triple engine powertrain is aimed to introduce a whole new dimension to a new generation of Triumph riders as well as enthusiasts. The Trident is expected to be priced below the Triumph Street twin and serve as the entry price point into Triumph Brand.
“The Triumph Trident 660 marks the beginning of a new chapter for us as we venture into the premium middleweight roadster segment. It has garnered a good response from the global press and brand purists alike. With the Trident we look forward to tapping a younger generation of riders in the Triumph family and the special finance scheme is just one-step in making their buying journey easier”, said Shoeb Farooq, Business Head – Triumph Motorcycles India.


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BMW G 310 R: 2021 BMW G 310 R India-spec version revealed in European markets

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NEW DELHI: BMW Motorrad has revealed the 2021 BMW G 310 R in Europe. The German automaker has revealed the India-spec version in the European market, which was launched a little more than a month back.
The motorcycle costs Rs 2.45 lakh (ex-showroom) in India.
The BMW G 310 R is powered by a Euro-5 compliant 313cc single-cylinder, liquid-cooled engine that churns out 34 PS of power and offers a peak torque of 28 Nm. The engine is paired to a 6-speed gearbox and manages to clock 0-50 kmph in 2.5 seconds. The motorcycle achieves a top speed of 143 kmph. The engine now features an ‘electronic throttle grip’ for more sensitive throttle response.

The BMW G 310 R sits on the platform as its predecessor but it does get some new features that accentuate the motorcycle’s looks. The BMW G 310 R comes with a full-LED headlight with LED flashing turn indicators for better visibility and safety even while driving late at night.
The BMW G 310 R also offers a new clutch lever and handbrake lever which are adjustable in four stages. These two additions offer better ergonomics to the riders especially the ones with short hands.
To reflect the facelifted roadster’s dynamicity, the automaker offers it with a Titanium Grey painted engine housing, clutch, coolant pipe, footrest plate and rear grab handle. The 3 new base colours- polar white, limestone metallic and cosmic black- further accentuate the sporty and dynamic character of the motorcycle.


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Maruti Suzuki Subscribe extends services to 4 new cities

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NEW DELHI: Maruti Suzuki on Tuesday announced it will be extending its subscription services to Mumbai, Chennai, Ahmedabad and Gandhinagar. The Maruti Subscribe program is almost 4 months old now.
The Maruti Suzuki Subscribe program began in Delhi NCR and Bangalore initially and will now operate in 8 cities in total. The subscription program was recently launched in Hyderabad and Pune. The Maruti Suzuki Subscribe scheme allows customers to use a brand-new car by paying an all-inclusive monthly fee that covers maintenance and insurance for the complete duration.
The current subscription fleet includes Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki Arena and Baleno, Ciaz and XL6 from the Nexa range. Customers will get a white number plate with the registration done under their names in the operational cities.
The cars can be subscribed for a fixed tenure of 24, 36 or 48 months. The lowest subscription scheme in the 4 new cities starts at Rs 14,665 for Swift LXI in Ahmedabad, while the same scheme costs Rs 14,691 in Gandhinagar, Rs 15,196 in Chennai and Rs 15,368 in Mumbai.
The scheme is inclusive of road tax, registration charges and insurance. Additionally, complete mainatainence and 24×7 road side assistance comes as part of the package.
“The Maruti Suzuki Subscribe program has received encouraging response from the customers. We have received over 6,600 enquiries in the first few months of pilot launch. We are delighted to introduce the program in Mumbai, Chennai, Ahmedabad and Gandhinagar.We are aiming to introduce the Maruti Suzuki Subscribe program in 40-60 cities over a period of 2 to 3 years,” said Shashank Srivastava, Executive Director, MSIL.


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