Car-industry growth in India has slowed to 3% from 12% in the past twelve years, partly due to poor government policies, Bhargava 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
GNCAP has completed safety assessments on more than 38 vehicles so far from 2014, and the XUV300 scored the highest safety rating among all the models tested, the company said in a release
The European carmaker's association, ACEA, said Friday that new car registrations ''recorded a dramatic drop'' of 55% to 567,308 units
This clarification would act as a guide for this vexed issue and also aid in bringing uniformity in the tax position adopted by various industry players