SBI waives processing fee on car loans in festival season

State Bank of India (SBI), the country's largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.

Auto industry may witness 500k job losses in next quarter

Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels under a prolonged slump.

5,595 electric buses in 64 cities coming soon

64 cities will run 5,595 electric buses including 100 for Delhi Metro Rail Corporation as the Centre has approved proposals from state and city transport undertakings in a move that will increase the electric mobility in cities,

Hyundai opens bookings for new Grand i10 Nios

Hyundai Motor India Ltd (HMIL) on Wednesday opened bookings for its upcoming new hatchback Grand i10 Nios.

Hero MotoCorp unveils plan to deliver bikes, scooters at your doorstep

The country's largest two wheeler maker Hero MotoCorp plans to deliver two-wheelers to its customers at their doorstep, at a nominal charge.

Ferrari threatens to sue fashion designer over 'brand-tarnishing'

The Italian car company has said that Plein's behaviour has "tarnished the reputation of Ferrari's brands and caused Ferrari further material damage", The Verge reported on Friday.

Motor Vehicles Bill 2019: Drive carefully or you have to pay hefty fines for traffic violations

In a bid to to improve road safety, raise penalties for traffic violations, the Rajya Sabha on Wednesday passed the bill to amend 30-year old motor vehicle law.

Porsche drives in new Macan in India priced at Rs 69.98 lakh

Luxury sports car maker Porsche on Monday launched all new version of its compact SUV Macan in India with price starting at Rs 69.98 lakh (ex-showroom).

Now electric vehicles will be cheaper by up to Rs 1.5 lakh...Know how

In a move to push for green modes of transport, government slashed the GST rate on the cleaner vehicles from 12% to the lowest slab of 5%. Now, the prices of electric cars will be cheaper by between Rs 60,000 and Rs 1.5 lakh.

GST Council gives major boost to electric vehicles

Close on the heels of Union Budget providing tax relief for buying electric vehicles (EVs), the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles from 12 per cent to 5 per cent effective from August 1.

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