Auto sales stand at six-year low, shows SIAM data

The five-year (2015-16 to 2020-21, or FY21) compound annual growth rate (CAGR) of the overall auto industry is now negative at 2 per cent, against 5.7-per cent growth it saw in the previous five......

A tough job for Maruti Suzuki's new CEO

The change of guard at Maruti Suzuki could not have come at a more difficult time.  The automobile maker is going through a rough patch, with sales down and inventory piling up.  In this......

Suzuki Motor charges up for EVs, spells out strategy for the first time

SMC plans to develop electrification technologies by 2025, fully im­plement them in pro­ducts from the same year, and make a full-scale quantitative in­crease from 2030. Recently,......

In India, taxes on cars are among the highest

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%. In the goods and services tax (GST) regime, India levies one of the highest......