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Hero MotoCorp gets Rs 605 crore demand notice from Income Tax dept

Hero MotoCorp gets Rs 605 crore demand notice from Income Tax dept

autherAutocar Professional Bureau     calendar04 Apr 2024

“The company has received the aforesaid orders / notices pertaining to six assessment years, amounting to a tax demand of Rs 308.65 crore and interest thereon of Rs 296.22 crore,” the automaker said in an exchange filing today.

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Tesla begins production of cars in Germany for India exports this year: Report
Tesla begins production of cars in Germany for India exports this year: Report

autherAutocar Professional Bureau calendar04 Apr 2024

"The right-hand drive cars which will be allocated to India, they have started building them," one of the people said,...

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India's CV market hits speed bump as small commercial vehicle sales slow
India's CV market hits speed bump as small commercial vehicle sales slow

By Shahkar Abidi calendar04 Apr 2024

In contrast, the bus segment extended its rally for a third year, surging 30% YoY to 109,212 units and surpassing pre-...

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Vedanta Aluminium expands alumina refining capacity to 3.5 million tonnes per annum 
Vedanta Aluminium expands alumina refining capacity to 3.5 million tonnes per annum 

autherAutocar Professional Bureau calendar04 Apr 2024

The expansion strengthens Vedanta's vertical integration strategy, as it aims to meet the growing demand for its alumi...

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‘India must create what it needs when it comes to lithium ion’: Pankaj Sharma, Log9 Materials
‘India must create what it needs when it comes to lithium ion’: Pankaj Sharma, Log9 Materials

By Mayank Dhingra calendar04 Apr 2024

The co-founder of India’s sole cell manufacturing startup believes that scale is a major roadblock currently and it is...

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Daewoo delays India e-two wheeler launch on policy, business model concerns
Daewoo delays India e-two wheeler launch on policy, business model concerns

By Shahkar Abidi calendar04 Apr 2024

Bhatia's remarks should be seen in the context of the latest notification from the Ministry of Heavy Industries, which...

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Quantum Energy reduces EV prices by Rs 10,000 across its electric two-wheelers despite government trimming FAME incentives
Quantum Energy reduces EV prices by Rs 10,000 across its electric two-wheelers despite government trimming FAME incentives

autherAutocar Professional Bureau calendar04 Apr 2024

Electric two-wheeler manufacturer Quantum Energy has announced plans to reduce the price of its electric scooters by R...

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Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive
Pre-launch bookings open for the First-Ever All-Electric BMW i5 M60 xDrive

autherAutocar Professional Bureau calendar04 Apr 2024

The first-ever BMW i5 M60 xDrive combines the power of BMW M and the innovation of BMW i.

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Citroën expands retail, service footprint with new facilities in Mumbai's Andheri and Goregaon West
Citroën expands retail, service footprint with new facilities in Mumbai's Andheri and Goregaon West

autherAutocar Professional Bureau calendar04 Apr 2024

The latest showroom and workshop facilities - La Maison Citroën - Mumbai, are operated by Garnet Motors, in Mumbai’s p...

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Bharat Charge Alliance to set up 5000 plus public charging stations by FY26
Bharat Charge Alliance to set up 5000 plus public charging stations by FY26

autherAutocar Professional Bureau calendar04 Apr 2024

By promoting interoperability, the Alliance is set to ensure that EV owners can seamlessly charge their vehicles acros...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

63.94%

No

 

36.06%

Total Votes : 721