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New Delhi: The promise of Artificial Intelligence (AI) is not only real, but it is an economic necessity. Recently, NITI Aayog and the Niti Frontier Tech Hub published a report titled "AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth", outlining the clear case for AI helping India to close its growth gap and meet its aspirational 2047 Viksit Bharat goal of becoming a developed economy. The report concludes that if India continues on its growth trajectory of 5.7%, the countr ...Read More >
New Delhi [India], September 15 (ANI): India is set to host an AI Impact Summit come February 2026, that will follow the previous summit in France, Union Minister for Electronics and IT Ashwini Vaishnaw said Monday. Prime Minister Narendra Modi had attended in person the Summit in France Paris, which he jointly co-chaired. The upcoming summit, as the name suggests, will focus on the safety and impact of AI. In preparation for this event, NITI Aayog organized a gathering to showcase and share ...Read More >
New Delhi [India], September 15 (ANI): India is set to host an AI Impact Summit come February 2026, that will follow the previous summit in France, Union Minister for Electronics and IT Ashwini Vaishnaw said Monday. Prime Minister Narendra Modi had attended in person the Summit in France's Paris, which he jointly co-chaired. The upcoming summit, as the name suggests, will focus on the safety and impact of AI. In preparation for this event, NITI Aayog organized a gathering to showcase and shar ...Read More >
New Delhi, Sep 15 (SocialNews.XYZ) The Indian automobile industry witnessed contrasting trends in August, with passenger vehicle sales slipping as customers await the Goods and Services Tax (GST) reform's benefits that are scheduled to be effective from September 22, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Meanwhile, the two-wheeler and three-wheeler segments continued to expand last month. Passenger vehicle wholesales declined 8.8 per cen ...Read More >
New Delhi: Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August, as companies recalibrated supplies to adjust to low market demand. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Sales of passenger vehicles saw a dip primarily due to recalibration of dispatches by manufacturers, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement on Monday. Demand dipped in ...Read More >
New Delhi, Sep 15 (PTI) Passenger vehicle dispatches from companies to dealers declined 9 per cent year-on-year to 3,21,840 units in August, as companies recalibrated supplies to adjust to low market demand. Passenger vehicle wholesales stood at 3,52,921 units in August 2024. Sales of passenger vehicles saw a dip primarily due to recalibration of dispatches by manufacturers, the Society of Indian Automobile Manufacturers (SIAM) Director General Rajesh Menon said in a statement on Monday. Dema ...Read More >
New Delhi [India] September 15 (ANI): The Indian automobile industry witnessed mixed performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. According to SIAM data, passenger vehicle sales stood at 3,21,840 units in August 2025, marking a decline of 8.8 percent compared to the same month last year. The industry attributed the fall to recalibration of d ...Read More >
New Delhi [India], September 15 (ANI): The Indian automobile industry witnessed mixed performance in August 2025 with passenger vehicle sales declining, while three-wheeler and two-wheeler segments registered growth, the Society of Indian Automobile Manufacturers (SIAM) said on Monday. According to SIAM data, passenger vehicle sales stood at 3,21,840 units in August 2025, marking a decline of 8.8 percent compared to the same month last year. The industry attributed the fall to recalibration of ...Read More >
New Delhi: India's auto industry witnessed a mixed performance in August 2025, with passenger vehicle sales declining even as two- and three-wheelers continued to post steady growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Passenger vehicle sales dropped 8.8 per cent to 3,21,840 units in August 2025 in the domestic market, compared with 3,52,921 units in the same month last year, reflecting subdued market sentiment. Total production of pass ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday. As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive th ...Read More >
New Delhi [India], September 15 (ANI): Japanese cars could end up being sold at lower prices than South Korean cars, such as Hyundai Motor Co., in the American market when US tariffs on Japanese automobiles drop from 27.5 percent to 15 percent on Tuesday.As per a report by Pulse, the English service of Maeil Business Newspaper Korea stated that the Korean vehicles, still subject to a 25 percent tariff amid stalled tariff negotiations between Seoul and Washington, could become more expensive than ...Read More >
Anil Baveja, a former auto executive, humorously updated his LinkedIn profile to "Assistant to my wife," delighting the internet with his honesty. This light-hearted designation resonated widely, sparking conversations about work, identity, and the value of personal roles. Baveja's unconventional title challenges traditional professional norms, highlighting the dignity and pride in supporting family. LinkedIn is usually a place where people showcase their career achievements, celebrate promotio ...Read More >
The rationalisation will not only reduce vehicle prices but also support MSMEs in the auto component supply chain, enhance logistics efficiency, and incentivise replacement of old, polluting vehicles with fuel-efficient models. The government's sweeping rationalisation of Goods and Services Tax (GST) rates for the automobile and road transport sector is set to make vehicles more affordable, strengthen manufacturing competitiveness, and generate large-scale employment, the Ministry of Road Transp ...Read More >
NAVI MUMBAI: Rabale police have filed an FIR following a road rage case in which the helper of a cement mixer was kidnapped by a person driving an SUV which brushed past the vehicle on Mulund-Airoli road on Saturday evening.DCP (zone 1) Pankaj Dahane said the SUV was in the name of Puja Automobiles, which is registered at the address of suspended IAS officer Puja Khedkar's bungalow in Pune. The helper was rescued from Khedkar's Aundh Road bungalow, said Rabale senior inspector Balkrushna Sawant. ...Read More >
New Delhi: There have been a lot of conversations surrounding the ageing cars being run on the road and the emissions being caused by them. With the introduction of the scrappage policy in 2021, the government has created an avenue for owners to scrap end-of-life vehicles through incentives. Union Transport Minister Nitin Gadkari has noted the big potential of India's vehicle scrappage policy, stressing economic and environmental benefits. During the ACMA Annual Session 2025, he noted that scra ...Read More >
The indigenous star-rating system for crash testing cars was launched by the road ministry in August 2023 after much delay. The government is also setting up a state-of-the art ₹1,500 crore testing centre in Pune to strengthen vehicle safety assessment infrastructure. Union Minister for Road Transport and Highways Nitin Gadkari on Thursday said that global automobile companies have begun sending their vehicles to India for testing under the Bharat New Car Assessment Programme (BNCAP), highlight ...Read More >
Maharashtra Transport Minister announced the statewide enforcement during a high-level meeting at the Transport Commissioner's office, attended by Transport Commissioner Vivek Bhimanwar and Joint Secretary (Transport) Rajendra Holkar. Maharashtra transport minister Pratap Sarnaik on Wednesday said the government will soon implement the "No PUC, no fuel" initiative across all petrol pumps, making it mandatory for every vehicle to possess a valid pollution under control (PUC) certificate before r ...Read More >
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) is set to hold a meeting with industry associations and trade bodies to discuss the implementation of recent GST reforms and rate rationalisation. CBIC chief Sanjay Kumar Agarwal has also urged field formations for proactive outreach to assist businesses in ensuring a smooth transition. Starting Wednesday, the meeting will bring together key ministries and sectors to facilitate seamless implementation, address technical queries, an ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) RSS chief Mohan Bhagwat's statement on Friday that tariffs on Indian goods have been imposed out of fear of a stronger India was not in isolation. SBI Capital Markets, in its report "Tariffs are Made in the USA, but Resilience is Made in India," described the aggressive US tariff regime as a "key flashpoint" designed to pressure India's external sector. The report had viewed the approach as targeted at curbing India's broader economic momentum. However, rece ...Read More >
hivanshu Gupta, Senior Partner at global management consulting firm McKinsey (Image: ANI)Disruptions in global trade flows are creating opportunities for Indian auto component manufacturers in both ICE and EV segments. India could see a significant revenue increase in the coming years. New Delhi [India], September 12 (ANI): Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm fo ...Read More >
NEW DELHI: India's electric mobility push may get a breather. The ministry of heavy industries is planning to allow electric truck and bus makers to import traction motors fitted with rare earth magnets without losing incentives under the ₹10,900-crore PM E-Drive scheme, according to two officials aware of the development. However, any relief would be temporary, lasting only until China resumes rare earth magnet exports, one of the officials said, citing the recent thaw in relations between New ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the yea ...Read More >
US President Donald Trump has acknowledged that his decision to impose tariffs on India over its purchase of Russian oil has strained ties with New Delhi. "Look, India was their biggest customer. I put a 50 per cent tariff on India because they're buying oil from Russia. That's not an easy thing to do. That's a big deal and it causes a rift with India," Trump said in an interview with 'Fox and Friends' on Friday when asked what clamping down on Russian President Vladimir Putin involves. "But I ...Read More >
In 2024, Arunachal Pradesh Police arrested the Jha brothers for their role in a Rs 100 crore ITC scam, marking an earlier instance of their involvement in tax fraud The Enforcement Directorate's (ED) probe into the Rs 650 crore Input Tax Credit (ITC) scam has uncovered a web of fake firms and hawala traders, where even the names of Seema Haider and her husband Sachin were allegedly misused. According to reports, two brothers from Bihar's Darbhanga, Ashutosh Jha and Vipin Jha, have emerged as k ...Read More >
New Delhi: India is preparing fiscal incentives to encourage domestic production of rare-earth magnets, heavy industries minister HD Kumaraswamy said Friday. In a video address at the 65th annual session of Automotive Component Manufacturers Association (ACMA), Kumaraswamy said his ministry is actively tackling vulnerabilities in critical raw materials. "Rare earth magnets are central to electric vehicle (EV) motors and currently dominated by Chinese supply, we are preparing fiscal incentives ...Read More >
New Delhi: Road transport and highways minister Nitin Gadkari on Friday said the Centre and states could earn up to ₹40,000 crore in goods and services tax (GST) if all the 9.7 million unfit and polluting vehicles in the country are scrapped. A total of 300,000 such vehicles have been scrapped till August, including 141,000 government vehicles, said Gadkari, addressing the annual session of the Automobile Component Manufacturers Association of India (ACMA). "According to our estimate, there ar ...Read More >
Auto companies have urged the government to allow either an adjustment of accumulated cess with tax liabilities or a refund, warning that otherwise the credits will have to be reversed in their accounting books. Automobile manufacturers are staring at a potential write-off of around ₹2,500 crore in accumulated compensation cess credits, which will lapse on September 22 when the new GST 2.0 rates take effect, as per PTI. Currently, automobiles attract GST at 28 per cent -- the highest slab -- p ...Read More >
New Delhi/Guwahati, Sep 12 (SocialNews.XYZ) The Enforcement Directorate (ED) has conducted search operations at 10 premises across five states including Delhi in connection with a multi-crore fake Input Tax Credit (ITC) fraud under the Prevention of Money Laundering Act (PMLA), 2002, the probe agency said on Friday. The Itanagar-based ED unit has carried out search operations on at 10 premises across Arunachal Pradesh, Delhi, Haryana, Tamil Nadu, and Telangana on Thursday in connection with a m ...Read More >
Mumbai/New Delhi: "A pandemic shut borders, a war disrupted energy flows, and a ship stuck in the Suez Canal shook global logistics. And yet, in this turbulence lies an extraordinary opportunity for India to position itself as a trusted, resilient, and sustainable manufacturing hub." Maruti Suzuki India MD & CEO Hisashi Takeuchi's call to action set the tone at the annual session of the Automotive Component Manufacturers Association of India (ACMA) on Friday as he invoked Prime Minister Narendr ...Read More >
New Delhi, Sep 12 (PTI) India and the European Union (EU) are now maximising their efforts to finalise negotiations for a proposed free trade agreement by the end of this year, with both sides stressing their commitment to a comprehensive and balanced pact to benefit businesses and consumers. The official team of India and the EU are engaged in the 13th round (September 8-12) of negotiations for the agreement here. EU Trade Commissioner Maros Sefcovic and the European Commission's Agriculture ...Read More >
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