“The much-awaited anticipation around the Union Budget has come to an end. The policies chalked out for the automobile industry incurring increased duty rate is very unlikely to have any impact on the entry-level luxury vehicle segment. The condition of levying duty on engines with more than 3000cc petrol capacity will have a nullifying effect on the luxury cars as there are meagrely any cars in India exceeding the 3000cc capacity. Furthermore, the vehicle scrapping policy is an appreciative step on the part of the government. It comes as a silver lining that not just serves the novel cause of ushering towards a greener planet but at the same time, it will give an impetus to the surging demand for cars.”
More Stories
EQONIC GROUP Strengthens Senior Leadership Team with Two Key Appointments as it Advances Breakthrough Battery Technology
London, Feb 13: EQONIC Group, the pioneering UK battery technology company developing lithium-free, sodium-free and rare-earth-free battery technology, today announced...
Raffles Jaipur Announces Appointment of Neha Sharma Yadav as Hotel Manager
Raffles Jaipur, the iconic palace hotel renowned for its heritage luxury and impeccable service, today announced the appointment of Neha...
SMART Bazaar Exchange reinforces SMART Bazaar as India’s value destination for everyday needs
Kolkata, Feb 13: For Indian households, smart shopping has always meant making every rupee count. Strengthening this deeply rooted belief,...
Magma Launches ‘Magma Engineering’ to Deliver Fully Integrated Precision Component Manufacturing Across the Industrial Value Chain
Feb 13: Magma, Asia’s leading integrated industrial manufacturing provider, today announced the launch of Magma Engineering, its integrated precision engineering vertical...
AD Ports Group Reports Record 2025 Revenue of AED 20.8 Billion, +20% YoY, and Net Profit of AED 2.1 Billion, +17% YoY
Abu Dhabi, UAE – Feb 13: AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry, and logistics...
Ajax Engineering Reports 2 Percent YoY Revenue Growth in 9M FY26; Non-SLCM & Services Drive Momentum
Mumbai, Feb 13 : Ajax Engineering Limited, India’s leading concreting equipment manufacturer, today announced its financial results for Q3 and...