Tuesday, September 2, 2025

GST panel calls for steep levies on luxury EVs in blow for Tesla, BMW

An Indian tax panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. This proposal contrasts with Prime Minister Modi's broader tax reform efforts, which aim to reduce taxes on many goods.

from Auto-Industry-Economic Times https://ift.tt/ejDxVzf

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Apollo Tyres to invest Rs 5,800 cr to expand capacity in Andhra Pradesh

Apollo Tyres announced a significant Rs 5,810 crore investment to expand its Andhra Pradesh manufacturing facility, aiming to boost passenge...