Daily Headlinez Top News Updates
NEW DELHI: Domestic passenger vehicle (PV) dispatches from companies to dealers rose 13% year-on-year to 4,49,616 units in Jan, with demand remaining robust, owing to GST rate rationalisation and subsequent dip in prices, industry body Society of Indian Automobile Manufacturers (Siam) said on Friday.The sales growth last month was aided by utility vehicles. The segment…
Tata Motors has sought targeted incentives for entry-level electric vehicles and support for electric cars used in the fleet segment under the PM E-DRIVE scheme in the upcoming Union Budget.In an interaction with news agency PTI, Tata Motors Passenger Vehicles managing director and CEO Shailesh Chandra said that while recent government interventions have helped revive…
The FMCG sector registered a robust recovery in the December quarter, aided by GST changes, festive sales, and reduced costs of raw materials. Even Dabur, Marico, and Godrej Consumer Products reported volume growth with single-digit revenue growth along with improved operating profit margins. The rural market continued to report better sales than the urban market,…
The Indian Micro-Fertilizers Manufacturers Association (IMMA) has requested several key changes from the central government ahead of the Union Budget. These include extending 5 per cent GST to all fertilizers under the Fertilizer Control Order, speeding up GST credit refunds, and creating a single licensing system. The association made these demands on Sunday through its…
Passenger vehicle (PV) wholesales in India rose to a record 45.5 lakh units in calendar year 2025, marking a growth of nearly 6 per cent, as policy tailwinds in the second half helped the industry overcome a sluggish start, according to industry estimates, PTI reported.The industry surpassed its previous peak of 43.05 lakh units in…
The Goods and Services Tax reforms, announced on September 22 gave a much needed push to consumer demand, as sales volumes for household essentials and groceries rose sharply in the October-December quarter, as compared to a year earlier.According to executives citing NielsenIQ data and internal company numbers, volumes expanded by around 9–10% in the December…
GST reforms could lower retail inflation by up to 35 basis points in 2025-26, with the impact already visible in recent months, according to a report by SBI Research.The report, cited by news agency ANI, estimated that Consumer Price Index (CPI) or retail inflation declined by around 25 basis points during the September–November 2025 period…
NEW DELHI: While alcoholic liquor for human consumption remains outside the ambit of GST, recent reforms in this taxation have benefitted the industry indirectly. Campari Group (India) MD Shivam Misra has told TOI that several upstream and allied services in the value chain now carry clarified and, in many cases, concessional, rates. “For route-to-market, this…
Campari Group (India) MD Shivam Misra NEW DELHI: Tariff cuts on alcohol post free trade agreements (FTA) will not see a “flooding” of the Indian market by foreign brands. India has signed a number of FTAs in recent past and is going to do so with many other countries in coming months. Campari Group (India)…
MUMBAI: GST reforms, coupled with a five-quarter high GDP growth, have positioned the Indian economy for a sustained period of expansion, RBI’s ‘State of the Economy’ report released on Wednesday showed. The report presents an optimistic outlook for second half (H2) of the fiscal year, suggesting that robust domestic drivers are set to overcome global…
