GST on Electric Vehicles reduced to 5% from 12%
Gaadi Drive
by Rahul Taneja
5y ago
The Goods and Service Tax (GST) Council has decided to reduce taxes on Electric Vehicles and Charges from 1st August 2019. Tax on Electric Vehicles reduced to 5% from the current 12% Tax on Charges for Electric Vehicles reduced to 5% from the current 18% GST Council has also approved the exemption from GST on […] The post GST on Electric Vehicles reduced to 5% from 12% appeared first on Gaadi Drive ..read more
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Mercedes Benz to raise prices in India from August
Gaadi Drive
by Rahul Taneja
5y ago
Mercedes Benz India has announced that its Cars and SUV’s in India will get costlier by up to 3% from August. The German Luxury car manufacturer has increased prices from Rs. 90,000 to Rs. 5.5 lakhs (ex-showroom prices). The price adjustments are being made to offset the rising input costs. Mercedes Benz stated that the […] The post Mercedes Benz to raise prices in India from August appeared first on Gaadi Drive ..read more
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Greaves Cotton increases stake in Ampere Vehicles to 81.23%
Gaadi Drive
by Rahul Taneja
5y ago
Greaves Cotton, a diversified engineering company in India, announced the acquisition of 25,73,529 equity shares in its subsidiary Ampere Vehicles, an electric scooter manufacturer, by way of investment through primary and secondary purchase for a total consideration of Rs. 38.49 cr. With this investment, Greaves Cotton has increased its holding in Ampere Vehicles to 81.23% […] The post Greaves Cotton increases stake in Ampere Vehicles to 81.23% appeared first on Gaadi Drive ..read more
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Hyundai Kona Electric SUV gets 120 bookings in 10 days in India
Gaadi Drive
by Rahul Taneja
5y ago
South Korean carmaker Hyundai Motor India Limited (HMIL), the second-largest vehicle manufacturer in India, received 120 confirmed bookings for Kona Electric Sports Utility Vehicle (SUV) in 10 days. Hyundai Kona Electric was launched in India on July 09, 2019 priced at Rs. 25.3 lakh. The Kona EV is steeply-priced, but lack of competition currently in […] The post Hyundai Kona Electric SUV gets 120 bookings in 10 days in India appeared first on Gaadi Drive ..read more
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MG Hector Sold out for 2019! Bookings paused temporarily
Gaadi Drive
by Rahul Taneja
5y ago
MG Hector the first model launched in India by Morris Garages (MG Motors) is off to an excellent start with gathering more than 21,000 bookings since the bookings began on June 4. The overwhelming response has resulted in the Company’s total production for 2019 to be sold out already and it is now planning to […] The post MG Hector Sold out for 2019! Bookings paused temporarily appeared first on Gaadi Drive ..read more
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