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automotive sector

Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal

by Nevil Nickel
Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal

Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs …

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Consumers exploring both luxury, sustainable mobility alternatives: Survey

by Nevil Nickel
Consumers exploring both luxury, sustainable mobility alternatives: Survey

Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per …

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ITC on demo cars: Automobile dealers can claim ITC on demo cars used for promoting sales: CBIC

by Nevil Nickel
ITC on demo cars: Automobile dealers can claim ITC on demo cars used for promoting sales: CBIC

Automobile dealers using demonstration vehicles or demo cars for promoting sales can claim input tax credit (ITC) under the GST law, the CBIC has said. However, no ITC would be …

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Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

by Nevil Nickel
Auto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024

Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to …

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Epicor webinar: Industry experts traverse Cloud ERP tailored for the automotive sector

by Nevil Nickel
Epicor webinar: Industry experts traverse Cloud ERP tailored for the automotive sector

In a recent panel discussion presented by The Economic Times in collaboration with Epicor, Vishal Raj Saini, Country Head – India and Indian Subcontinent at Epicor Software, was joined by …

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MG Motor announces 100-year special editions of Comet, ZS EVs, & other models

by Nevil Nickel
MG Motor announces 100-year special editions of Comet, ZS EVs, & other models

MG Motor India has introduced the 100-year Special Edition variants of its well-liked models, Comet, Astor, Hector, and ZS EV in India. Although the models retain their specifications, features, dimensions, …

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Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

by Nevil Nickel
Indian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion

India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including …

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Minda Corporation rolls out one million two-wheeler smart keyless system

by Nevil Nickel
Minda Corporation rolls out one million two-wheeler smart keyless system

Minda Corporation Limited, the flagship company of Spark Minda, Friday said it has rolled out one million two-wheeler smart keyless system. The smart keyless system has been designed & developed …

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Auto staff may see another year of double-digit hikes

by Nevil Nickel
Auto staff may see another year of double-digit hikes

India’s automotive sector employers are likely to offer double-digit pay increases in 2024, according to a new study, continuing the uptrend of the previous years as they seek to retain …

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electric vehicles: Budget 2024 Expectations: Auto companies seek continued push to green mobility, infrastructure development

by Nevil Nickel
electric vehicles: Budget 2024 Expectations: Auto companies seek continued push to green mobility, infrastructure development

Interim Budget Expectations: The government needs to continue with favourable policies to promote green mobility while also focussing on infrastructure development at a robust pace in the upcoming Budget, according …

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