Ever wondered how many vehicles were registered last year? 1.96 crores! Yes, that my friend is a huge number. Want to guess where the number stood in the early 90s? Less than 10 lakhs a year. The rising income capacity of urban middle class and the chain reaction of ever increasing options has been a … Read more Vehicle Registrations Hit 1.96 crores in 2015; Is Public Transport the Solution?
In a price-conscious Indian market, manual transmissions have been ruling the roost. Yes, in comparison to the previous decade, the market share of automatic transmissions have increased. Things though are still in a very nascent stage. However, folks at ICRA approximately 15 percent of new car sales will have automatic gearbox by 2020. While 90 … Read more Automatic Transmissions to Constitute 15% of New Car Sales in 2020
The Supreme Court today has finally revoked the ban it had placed on registration of diesel vehicles with an engine displacement greater than 2,000 cc in NCR. Ever since the ban was placed in December 2015, manufacturers like Tata and Mercedes have been facing a tough time because of lack of slightly smaller engines. Mahindra, … Read more Supreme Court Lifts Diesel Ban; 1% Environment Cess Announced
2015, the year when India took a giant leap with its space programme, showing to the West that even we are a force to keep in mind. But for me 2015 was the year when the Honourable Supreme Court taught me a lesson. A lesson which revolves around the theme of following laws and regulations. … Read more NGT May Extend Diesel Ban to Mumbai, Kolkata and Bangalore
Goods and Service Tax. GST. A lot has been written about the tax scheme. In case of the automotive industry it has mostly been in favour. Well who wouldn’t like the idea of a simple tax regime which is applied once where the product is actually sold. The older system, which comprised of (if i … Read more GST: 3 Reasons Why the Tale Might Turn Sour!