Automobile Companies Unhappy Over VAT in Maharashtra

Mahindra and Mahindra has warned to pull out its investment  scheduled to be around Rs 4000 crore from Maharashtra – the reason being VAT refund. Maharashtra government has changed the rule for VAT refund which states that the VAT refund would be applicable only to vehicles sold within the state. While earlier it used to … Read more

Rs. 150 Crore to be invested by Scania in Bangalore

Originally the Swedish Scania’s Indian subsidiary, Scania Commercial Vehicles India, which is a company owned by Volkswagen Group will shortly be investing Rs. 150 crores in Bangalore to set-up an assembly plant which will assemble Completely Knocked Down (CKD) Chassis of buses and trucks, later they will also assemble bodies for the same. Scania also … Read more

111 kpl- Volkswagen has done this to a car- XL1 Super Efficient Vehicle

Volkswagen

Volkswagen, today has launched a car in Qatar named XL-1 Super Efficient Vehicle for which the company claims to extract an unbelievable mileage figure of 111 kmpl! Yes, you’ve read it just right and no this time this figure is not from Bajaj. Jokes apart, this car has an 800cc two cylinders in-line TDi diesel … Read more