Interim Budget presented in February 2014 introduced excise duty relief on small cars, two-wheelers (2W) and commercial vehicles (CV) to 8% from 12%. Tax cut on mid-segment cars were reduced to 20% from 24%, and to 24% from 27% for large-segment cars.
Driving through the consumerâ€™s mind: Steps in the buying process, a Deloitte India report highlights the process Indian car buyers go through when buying a car.
Great online shopping festival (GOSF) was first hosted in 2012 with 90 merchants. This year that number has increased to 450. As customers shopping online grows in India, over the last few weeks, 5+ million users have visited the site.
Indian auto industry sales across vehicle segments on the mend in November 2014: SIAM reveals official data
Indian auto industry production in November 2014 stood at 1,994,248 vehicles (passenger vehicles, commercial vehicles, three wheelers and two wheelers), over 1,774,474 in Nov ’13 equating to 12.39% growth.
ZyFin Researchâ€™s Vehicle Purchase Sentiment Index points to Reserve Bank of Indiaâ€™s (RBIâ€™s) expected postponement of a rate cut, which in theory hinders auto sales recovery.
Indian auto industry production stood at 1,991,669 vehicles (passenger vehicles, commercial vehicles, three wheelers and two wheelers) in October 2014 down from 2,088,003 in October 2013 equating to 4.61% decline.
Indian auto industry has reacted positively to diesel price deregulation. The Indian government’s move benefits customers who can now choose car type based on preference and utility.