Saturday, 12 August 2017

ThIs Week In Auto: Bajaj Joins Hands With Triumph, Tata-VW Call Off Alliance

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The week saw several important developments – from start of a new partnership to break-up of a promising one, from launch of a new SUV to a shocking rise in cess on big vehicles. Here is the complete list of the all stories that made headlines this week.

Cess on large vehicles increased to 25%

The finance ministry decided to increase the cap on cess on large cars to 25 percent from the existing 15 percent to put an end to the anomaly in pricing of such vehicles because of the implementation of the Goods and Services Tax (GST).

All cars and SUVs, which are bigger than 4 meters in length, could be slapped with an additional 10 percent cess. The GST Council which is meeting next month, will decide on the extent of cess, categories of cess (if any) and its implementation date.

Tata-Skoda end alliance

Five months after signing a tripartite memorandum of understanding Tata Motors and Skoda Auto have decided to abort plans of jointly exploring the future of mobility solutions. Though Volkswagen was the third company in the partnership group company Skoda was the front company for the venture.

The alliance looked at tapping expertise of each other through sharing of technology and manufacturing. Joint product development besides sharing of next-gen technologies were on the cards. However the alliance had to be called off as cost challenges could be addressed.

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