Here is a look at all the latest developments in the automotive space that made headlines during the week
At a time when manufacturers and their dealers are busy offering mouth-watering discounts, a handful of models are defying the norm. The demand for them remains so high that some of them are not available for bookings. More on this later in the article, but, first, here is a look at all the latest developments in the automotive space that made headlines during the week.
Hyundai, Tata Motors, Ampere and Ather Energy cut prices of their battery-powered vehicles to the extent of the cut in GST. The GST council brought down the rates on electric vehicles to 5 percent from 12 percent to spur demand.
While M&M and Tata Motors cut prices of the eVerito and eTigor by Rs 80,000 respectively, Hyundai slashed a whopping Rs 1.5 lakh on the recently launched Kona. Two-wheeler makers like Ampere and Ather Eergy brought down their prices by Rs 5,000.
Rajya Sabha passed the Motor Vehicles (Amendment) Bill 2019 on July 31. The bill was approved in Lok Sabha on July 23. The upper house of the Parliament witnessed a heated debate as opposition members questioned the government’s haste in getting the bill passed.
The bill proposes the development of a National Transportation Policy by the Centre to set up guidelines for the transportation of goods and passengers
