When the GST Council met for its 56th session in New Delhi, few expected such a sweeping set of reforms. But the announcement of sharp tax cuts on vehicles has turned into a game-changer for India’s automotive market. Effective September 22, 2025, GST rates on small cars, two-wheelers, and commercial vehicles have been slashed from […]
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry has announced the findings of its Industry Performance Review for the first half of fiscal 2024-25. The turnover of the automotive component industry stood at Rs.3.32 lakh crore (USD 39.6 billion) for the period April to September 2024, registering […]
Full industry recovery expected by 2025 as post-pandemic confidence grows across MENA While experts in the automotive market believe a full recovery could take up to four years, many market analysts and industry leaders have already seen green shoots, spurred on by the implementation of digital tools and the region’s COVID-19 vaccination efforts. That was […]