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BYD
Indian government turns down a $1 billion investment proposal from BYD
Chinese auto giant BYD will not be allowed to invest in India. Union Commerce Minister Piyush Goyal confirmed this recently. India’s decision reflects its efforts to protect domestic players. The country imposes steep tariffs (100% duty) on fully built imported vehicles.
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Caronphone
Indian Govt raises excise duty on petrol, diesel by Rs 2 per litre, No Change In Retail Prices
The Indian Govt has hiked the excise duty on petrol and diesel by Rs 2 per litre each. However, there will be no change in retail prices as the two fuels as oil prices have come down in the global market.
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Caronphone
TRUMP’s TAX TARIFF effect on Indian sectors Automobiles, Key highlights, List of reciprocal tariffs and Auto Industry Reactions
Donald Trump announced a 25% tariff on vehicles not assembled in the US, effective April 3. Auto parts exports from India may see a slight slowdown as US President Donald Trump’s 25 per cent tariff could increase car prices for buyers by 8–25 per cent, thereby affecting demand. Even foreign-made components used in vehicles assembled domestically will be subject to these tariffs, complicating the supply chain for many automakers.