FEDERATION OF AUTOMOBILE DEALERS ASSOCIATION
Income Tax sleuths raid premises of Lalit hotels promoter Jyotsna Suri, associates
About 8 premises linked to Bharat Hotels CMD Jyotsna Suri and some of her associates as well as Jayant Nanda, promoter of Cargo Motors, one of the largest dealers of Tata motors in the country, are being searched in and around the national capital. The searches, officials said, were launched late on Sunday and are related to a tax evasion probe being conducted by the department.
November automobile retail marginally improves over last year
The number of registrations of vehicles at regional transport offices (RTOs), w...
FADA moves Supreme Court seeking relief in sale of BS-IV vehicles after April 1 deadline
Last year, the Supreme Court had ordered that no Bha...
Fed focuses on repo market exit strategy after avoiding year-end crunch
The Fed will continue pumping tens of billions a day into the repo market through at least the end of January.
Automobile dealers ask manufacturers to report retail sales to avoid inventory accumulation
This becomes significant as automobile dealers attribute the focus of the manufacturers on achieving their wholesale targets as one of the leading reasons for the inventory accumulation.
Fada welcomes SBI moves on longer credit period, cheaper loans
SBI on Monday announced a number of offers including cheaper car loans to push credit demand ahead of festivals beginning later this month and lasting till the new year.
Stocks in the news: Federal Bank, PNB Housing, ITC, Bharti Airtel and Ujjivan SFB
PNB Housing Finance said its exposure to the Omaxe group stood at over Rs 456 crore
BJP Government cannot build anything: Rahul Gandhi
According to reports, the automobile sector hit a low in July with sales falling drastically in the first month of the second quarter of the fiscal year 2018-19.
Vehicle dealers see inventory pileup as sales continue to dip
The worst hit were commercial vehicles with 16% on-year dip in registration numbers to 63,360 units in April.
Automobile dealers body seeks rollback of new GST changes
The federation feels that the insertion of a new section 49A of the GST Act puts an "unwarranted burden" on their working capital requirements.
Government measures to revive auto sector yet to make impact on ground level: FADA
He was responding to query on whether the measures announced by Finance Minister Nirmala Sitharaman to help the auto industry has had any tangible effect.
Auto dealers seek cut in GST
Want tax reduction — from 28% to 18% to spur demand — ahead of Council meet.
Auto retail sales continue to decline shows registration data, Q1 sales down 6%
Passenger vehicles were the rare bright spot with only a 1% decline in sales for the first quarter to 7,28,785 units.
Healthy auto sales in March helps bring down piling inventory: Dealers body
The dealers' body also said that while new inquiries from customers haven't gone down significantly, actual sales have seen a major dip.
Will request FM to cut GST rates on automobiles temporarily: Nitin Gadkari
The Minister also said that he would request the government to consider some incentives on hybrid vehicles.
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