While automobile industry clamours for a cut in GST, differences have now arisen over when it should be done.
Mahindra said that a welcome first aid would be temporary relief on the GST front or rollback of cess.
MD of Mahindra & Mahindra said the company will have range of new electric vehicle products right from three wheelers, small commercials to even new personal vehicles.
“Tractor and motorcycle sales – indicators of rural demand – continued to contract," the central bank said.
In the June quarter, only 1,700 electric two-wheelers manufactured under FAME-India were sold compared with 30,000 units in the corresponding period of the previous year.
The first 300 of these fast-charging stations will come up by the end of this fiscal across key locations in Mumbai, Delhi, Pune, Bengaluru, and Hyderabad.
This comes days after N Chandrasekaran, chairman of Tata Motors announced that the company has plans of launching four electric cars for the retail customer.
As against the plan of investing Rs 1400 crore this financial year, Ceat will be investing Rs 1100 crore.
Experts estimate the total outstanding loans to automobile dealers to be in the range of Rs 70,000-80,000 crore.
The company has received inquiries from multiple states and is already working with the Punjab government, Yugo Hashimoto, managing director of SML Isuzu, told ET.
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