Versuchen GOLD - Frei
Auto industry seeks execution of new GST rates faster
The New Indian Express Kollam
|August 26, 2025
HIT by a sudden decline in sales and enquiries, the automobile industry has urged the government to hasten the implementation of new GST rates, seeking their rollout before the start of the festive season in the second half of September.
After Prime Minister Narendra Modi announced next-generation GST reforms and GST rate cuts in his Independence Day speech, buyers have started delaying their purchase in anticipation that prices of smaller cars and two-wheelers may decline up to 8-10%.
A CEO of a leading car company said they are hopeful of a quick resolution given the GST council is likely to meet soon. "Sales have fallen in double-digit figures since the GST rate cut news started circulating. It is important that this matter is taken seriously," he added.
Diese Geschichte stammt aus der August 26, 2025-Ausgabe von The New Indian Express Kollam.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The New Indian Express Kollam
The New Indian Express Kollam
CBI raids 77 places in crackdown on builder-financial institution nexus
THE Central Bureau of Investigation (CBI) conducted raids at 77 locations across eight States and Union Territories and registered 22 cases on Tuesday following directions from the Supreme Court to probe the alleged nexus between builders and financial institutions over alleged “subvention plans”.
1 min
April 15, 2026
The New Indian Express Kollam
Self-reliance takes centrestage at Army commanders' conference
SELF-RELIANCE in critical technologies and long-pending military theatre reforms came into sharp focus at the inaugural Army Commanders’
1 min
April 15, 2026
The New Indian Express Kollam
SIAM reviewing CAFE norms, to submit view soon
THE Society of Indian Automobile Manufacturers (SIAM) is reviewing the new draft fuel efficiency norm CAFE III and will discuss with its members on readiness of manufacturers to finalise a view on implementation timeline, said Shailesh Chandra, President of SIAM on Tuesday.
1 min
April 15, 2026
The New Indian Express Kollam
New Bihar CM rose through the ranks, proved his mettle
TUESDAY marked a historic moment in Bihar politics.
2 mins
April 15, 2026
The New Indian Express Kollam
Renault India begins delivery of new Duster
RENAULT INDIA on Tuesday commenced its nationwide customer deliveries of its new Renault Duster turbo-petrol variant in Chennai.
1 min
April 15, 2026
The New Indian Express Kollam
Gold loans register sharp growth
GOLD loans witnessed massive rise to become the country’s second-largest retail credit product by balance share after housing loans, according to TransUnion CIBIL's Gold Loan Landscape Report.
1 min
April 15, 2026
The New Indian Express Kollam
West Asia crisis may impact vehicle demand
THE West Asia conflict could adversely impact India’s automotive sector even as the industry wrapped up FY2025-26 on a high a note with robust sales.
1 mins
April 15, 2026
The New Indian Express Kollam
Exporters tweak products to offset rising input costs
A sustained rise in input and logistics costs, triggered by the West Asia crisis, is squeezing Indian exports, with firms across sectors finding it increasingly difficult to pass on higher prices to global buyers.
1 mins
April 15, 2026
The New Indian Express Kollam
Former student opens fire in Turkey high school, 16 injured
A former student opened fire at a high school in southeastern Turkey on Tuesday, wounding at least 16 people, before killing himself, an official said.
1 min
April 15, 2026
The New Indian Express Kollam
Make our democracy stronger and more vibrant, Modi tells women
PM's letter urges them to call upon their MPs to support amended bill in special session
3 mins
April 15, 2026
Listen
Translate
Change font size