Statement by Mr. Roland Folger, MD & CEO, Mercedes−Benz India on the recent GST Council’s decision on cess hike of large cars and SUVs. “The decision to increase the Cess yet again is very unfortunate and totally […]
“While the increase in cess will impact consumer demand, investment and job creation, we are glad that the Government and GST Council took note of our concerns and somewhat moderated the increase in cess. Since […]
Speaking at the SIAM Annual Convention 2017, Guenter Butschek, CEO & MD, Tata Motors during his address in the session focusing on Regulatory Policies: Analysis of Impact said: “While an array of policies and reforms […]
“The increase in overall vehicle sales at the wholesale level (an all-time high dispatch for passenger vehicles combining passenger cars and utility vehicles) is a reflection of the conditions – GST leading to price revision […]
“We are highly disappointed with the decision. We believe this will be a strong deterrent to the growth of luxury cars in this country. As a leading luxury car maker, this will also affect our […]
Reaction quote from Sridhar V, Partner, Grant Thornton India LLP – on SIAM data: “Auto sector applied brakes to reduce inventory at the dealership end for a smooth transition to GST era. Pre GST discount […]
Roland Folger, Managing Director & CEO, MB India: “Mercedes-Benz India was the first luxury car maker which has been passing to the consumers, the direct GST benefits since 26th May. We are looking forward to this […]
TVS Motor Company’s stance on GST from Mr. K N Radhakrishnan, President & CEO, TVS Motor Company. “We are very optimistic about GST which is a landmark reform. It will bring in a lot of ease […]
Statement from Mahindra Group CFO, Mr. V S Parthasarathy on today’s credit policy. While the financial world knew that a forward defensive block is the stroke that would be played by the RBI, they expected […]
Gautam Khattar, Partner – Indirect Tax, PwC “Despite of Automobile sector being one of the most promising contributor to economic growth, it has been facing the whip of increased tax rates and multiple cesses for […]
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