Automotive Updates - 13th January 2015
- Automotive component makers body ACMA today asked the
government to restore excise duty on auto parts to 10 per cent in the
upcoming budget for 2015-16.With the excise duty concession on auto components
expiring on December 31, 2014, the tax rate has gone up again to 12 per cent.TheAutomotive Component Manufacturers Association (ACMA)
also urged the government to implement GST at
the earliest and eliminate customs duty on alloy steel as part of its Budget
wishlist. (Etauto.com)
- German luxury carmaker Mercedes-Benz today announced that it
will hike prices of its entire range of products in India by 4 per cent from
January 22 to offset impact of higher excise duty, post withdrawal of concessions
by the Central government.The end of the excise duty cut on 31-December, 2014
has been instrumental in the price revision of Mercedes-Benz products, the
automaker said in a press note.(financial express)
- India’s best selling hatchback the Maruti Suzuki Alto has
now been crowned as the world’s best selling car of 2014 as it registered
overall sales of 2,64,544 units in the country. With the overwhelming sales
report, the Alto managed to beat the likes of Volkswagen Golf from Germany,
Daihatsu Tanto, Toyota Aqua and Honda Fit (Jazz in India) from Japan as well as
the Fiat Palio from Brazil to the title.Read more at
http://www.motorbeam.com/2015/01/cars/maruti-alto/alto-worlds-best-selling-car-2014-fiat-palio-7th/#oGhyJxVl8Gusoplw.99
- Macedonia, a small South East European country of 26,000
square kilometres (a little bigger than Meghalaya), is wooing Indian auto
component manufacturers. The country, which was a part of the former
Yugoslavia, has several attractive credentials as a country to do business in.
It ranked No 3 in the World Bank’s report on the ease of doing business
globally and has some of the lowest taxes in the world. Being located near
Turkey gives it the ideal location to serve western and central European
customers while capitalising on the surge in vehicle production in Turkey,
Romania and Serbia. Nikola Gruevski, the prime minster, Republic of
Macedonia, while talking to investors in Chennai, said, “Indian business has a
lot of opportunities in our country and can look to setting up manufacturing
units.” He said Macedonia has all the required resources to set up
manufacturing units including availability of skilled labour and quick
approvals. - See more at: http://www.autocarpro.in/news-national/macedonia-rolls-red-carpet-indian-makers-7342#sthash.xkAAvo2c.dpuf
- The Mercedes CLA will be launched in India on the 22nd of
January. However, the cars, as tested would initially come through the CBU
(Completely Built Unit) route. Post April 2015, Mercedes India will start
assembling the premium compact sedan at their Chakan plant, indicating a slight
reduction in the yet-to-be announced prices. Also, with CKD assembly, the range
of trims should also start opening up, as opposed to the current availability
of only one trim upon launch.(motorids.com)
- In association with Delhi Police’s Road Safety Cell,
leading tyre manufacturer JK Tyre commenced the ‘Road Safety Week’ on Sunday.
Volunteers from JK Tyre will be deployed at various prominent locations in
Delhi, between 11th and 17th January to create Road Safety awareness amongst
citizens.The participants walked from Rajpath to Shastri Bhawan, post a flag
off ceremony happened in the presence of Vikram Malhotra, Marketing Director,
JK Tyre & Industries Limited along with Mr Vijay Chhibber, Secretary,
Ministry of Road Transport and Highways and Dr. Muktesh Chander, Special
Commissioner of Police Traffic, New Delhi.(cardekho.com)
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