Auto companies hit as Maharashtra rolls back tax sop

Chennai: Several mega projects in Maharashtra’s new automobile hub Chakan-Talegaon will see their competitive advantage disappear overnight with the state government withdrawing a sales tax exemption offered to them as part of an incentive package to woo big investments to … read more...

Auto cos oppose govt’s plan to introduce fuel efficiency standards for passenger cars

New Delhi: The government’s attempts to introduce fuel efficiency standards for passenger cars have come a cropper with the auto industry expressing strong reservations on proposed carbon dioxide emission targets, five-star rating system and the year of introduction of norms. … read more...

Volkswagen March sales jumps to 8,095 units

New Delhi: Car maker Volkswagen said its sales for March jumped many folds to 8,095 units on the back of its two recent offerings — hatchback Polo and sedan Vento. “The Volkswagen brand continues its impressive growth with 8,095 vehicles … read more...

GM India sees softening growth for auto sector

New Delhi: The Indian automotive industry will see softening growth in 2011 due to price pressures and easing of pent-up demand, General Motors ‘ India head said on Friday, adding that growth of 12-15 percent for the sector was “reasonable.” … read more...

Unrest at GM India unit continues

THE STRIKE by a section of workers at General Motors India’s Halol plant continued for the 17th day on Friday with no signs of ending, while the automaker has piled up a production loss of about 1,000 vehicles. According to … read more...