Bhargava says fears over Suzuki's MoU with Gujarat unfounded
A lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened, Maruti Suzuki India Chairman said
Maruti Suzuki India Chairman RC Bhargava called for better collaboration between government and industry
"The first thing is that there has to be a national consensus on the need to grow manufacturing and on the need to create jobs," he said
Passenger vehicles currently attract top GST rate of 28% with cess ranging from 1% on those less than four metres in length with petrol engine to 22% on big SUVs longer than four metres
Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).
Production to reach last fiscal's level in second half: Bhargava
Supply chain glitches and unavailability of labour also a deterrent
Amid the nationwide lockdown to check the Covid-19 spread, India will quietly transition to BS-VI, the most stringent emission standard for the automobile industry anywhere in the world
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry
Commenting on Maruti Suzuki's announcement to discontinue diesel cars from next April, Bhargava said the impact of this decision on volumes would be known from July
Maruti Suzuki's Chairman asserts that cars contribute only 2.2% of the overall air pollution in Delhi