Auto Industry News

The Delhi government has reduced the value-added tax (VAT) on petrol to 19.40 per cent from the earlier 30 per cent, effectively bringing the price down by Rs. 8 per litre. The revised prices will come into effect in Delhi from midnight today.

In November 2021, MG Motor India sold 2481 vehicles in India. Compared to 4,163 units sold in November 2020, the company registered a massive decline of over 40 per cent year-on-year.

Maruti Suzuki expects that the global shortage for semiconductor chips will continue to have an adverse impact on vehicle production. The company estimates that the total vehicle production could be around 80 to 85 per cent of normal production numbers.

The Centre amended the Motor Vehicle Act to add cash incentives and identity protection for Good Samaritans that help road accident victims. However, the states are yet to implement the same.

Maruti Suzuki India has added a passenger-side airbag as a standard fitment in all the non-cargo variants of the Eeco. With the introduction of the new safety feature, the company has also increased the price of the Maruti Suzuki Eeco by Rs. 8,000.

The KPMG survey of auto industry executives found that they believe that electric vehicles will account for 52% of sales by 2030 in the United States, China and Japan, with lower percentages for Western Europe, Brazil and India.

Vehicle Care says its services are more cost-competitive compared to a traditional OEM service centre by a good 40 per cent. The start-up is now laying the groundwork for the next big demand from Tier II and III markets.

Germany's Social Democrats (SPD), Greens and Free Democrats, who are negotiating to form a new government, have agreed to commit to a coal phase-out by 2030 in a coalition deal, sources involved in the talks told Reuters.