SAIC’s first India car plant in Gujarat?

AHMEDABAD: China’s biggest automaker SAIC Motor Corporation Limited on Wednesday announced its plan to enter the Indian car marketplace by means of putting in place a wholly-owned car manufacturing facility within u. S . A .. Although Gujarat, Maharashtra and Andhra Pradesh are on SAIC’s radar for its first facility, Gujarat is the favored option for the plant, in line with a company authentic.
The Chinese car large additionally continues to engage with General Motors to gather latter’s Hall production plant inside the nation, which turned into shut down in April this yr.
SAIC, so that it will operate inside the country through its fully owned subsidiary MG Motor India, is currently exploring one of a kind options for its facility in India, which include obtaining GM’s Halol plant in Gujarat and putting in a greenfield production facility. On Wednesday, SAIC also named Rajeev Chaba as president and coping with a director of MG Motor India and P Balendran as its executive director.

व्यापार शुरू कर रहे हैं? A hundred% संपार्श्विक कर्ज प्राप्त करें
Aditya Birla Finance Lending

Mixed-use township in Bengaluru
L&T Raintree Boulevard, Bangalore
Recommended By Colombia
“Gujarat is the favored choice for our production facility. We also are looking at Maharashtra and Andhra Pradesh as viable destinations for the plant,” Balendran introduced. The discussion with General Motors (GM) for acquiring Halol plant is progressing nicely and we can take over the ability if it’s miles given encumbrance loose and without any liabilities,” P Balendran added.
However, the organization did no longer expose investment outlay mentioning it is in the manner of finalizing its production facility and is toning up its product approach for the Indian marketplace, info of in an effort to be announced at a later level.


Latest Comment

Why are we permitting Chinese groups to come back to India?
Burzis M
SEE ALL COMMENTSADD COMMENT
The Operations of SAIC in India are expected to begin in 2019 with MG (Morris Garages) brand. “The creation of the iconic British sports activities car brand ‘MG’ in India is a crucial part of SAIC Motor’s global method,” the agency stated in an announcement.
The MG logo, which originated as a British racing sports emblem in the year 1924, has advanced into a contemporary-day modern logo via the final 93 years. “MG merchandise, which might be designed and engineered at its European and Global Design Centers, will now also be manufactured in India at the same time as conforming to international excellent standards and aligning with the Indian regulations, emission norms and using conditions,” it brought.

es to get the recent updates on the happenings in the world of automobiles. It stands apart from other automobile applications available in the market by providing anything and everything that the automobile industry comes out with. In short, it fetches the latest auto videos, auto entertainment programs, the firsthand description videos on new cars that are out. On a simple click, it comes out with high-quality automobile videos from across the world.

 

The Future of Germany Automobile Markets to

The document analyzes SWOT evaluation of Germany automotive enterprise along with passenger motors, mild industrial vehicles, heavy trucks, buses, trucks and motor cycles. Further, a fee of imports and exports by means of sourcing and destination nations are protected.

The outlook for manufacturing and income of PCs, CVs, and different autos are included for a period between 2005 and 2023. To recognize the enterprise evolution in medium and long term future, demographic and monetary indicators of Germany u. S . Such as GDP, Disposable Income, inflation, population (total, rural- city, male-woman, age institution) are forecast to 2022.

Information on main organizations across the Germany automobile value chain at the side of brand new industry developments and their effect on the gamers also are analyzed in the element. In addition, manufacturing infrastructures, importers, and different businesses are analyzed in the record.

Scope of the Research-


– Current Market Dynamics and Future Trends
– Benchmarking with other international locations in the place
– Detailed SWOT analysis
– Exports and Imports Value –
– Forecasts of Production and Sales for –
o Passenger vehicles
o industrial cars (Heavy Vehicles, Buses, Vans)
– Demographic and Macroeconomic forecasts-
o Population with the aid of Age, Gender, and Location
o GDP, GDP according to Capita and Disposable Income
– Business Profiles of Three Leading Companies

MotoMint is an application targeting the automobile industry. It basically fetches automobile and car videos from across the world through the medium of internet. The application also looks out for the regular updates from various automobile manufacturers and gives the information about them to the users within shorter time period. It picks up the latest automotive news, videos, new and old car reviews and much more from the Internet and presents them directly on the device for the user’s perusal. He can download this application from the Google stores link. It is available in both iOS8 and Android versions. At present, the iOS8 version has more features added.

Features of MotoMint

It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with Internet to pick out the videos featuring new automobiles and new technologies. The automobile enthusiasts have to just downlo

g anything and everything that the automobile industry comes out with. In short, it fetches the latest auto videos, auto entertainment programs, the firsthand description videos on new cars that are out. On a simple click, it comes out with high-quality automobile videos from across the world.

Nature of Videos Selected

This application searches only for the top ranked videos from across the worldwide web. For this purpose, it uses a new concept called curation. The built-in algorithm curates the videos based on the ranking given by the international bodies. Normally, these international rankings depend on the content and the number of visits to adjudge the video quality. While displaying the curative videos, the application arranges them under different tabs. The tabs dedicate the information on a particular brand of automobile so that viewers don’t get confused. Moreover, the dedicated page in each tab describes only the selected brands. The application also allows the customers to view the YouTube channel on motors directly. By working this way, the MotoMint application lets user to get detailed information about various updates on events happening in the world

 

 

It’s pre-exam jitters at India’s auto-

GURGAON: Days before GST is implemented, the car hub of Gurgaon-Manesar is involved approximately getting the small sub-providers and uncooked material companies on board.
Home to the likes of Maruti Suzuki, Hero, and Honda Motorcycle and Scooter India, the belt is packed with component makers, of whom the bigger ones are equipped to migrate to the new tax regime. “We are involved approximately our sub-suppliers. We were advised via some buyers that they will no longer be capable of doing invoice for the primary 10-15 days,” stated Jagdeep Singh Rangar, promoter of Stork Rubber Products that components car rubber components. “We are loading more stocks to keep away from disruptions in manufacturing.”
Stork is a small-scale dealer with a turnover of around Rs eight crore, however, the Rs 9,500-crore Rico Auto is also cautious. Its chairman Arvind Kapur said his organization is hand-retaining many sub-providers and raw fabric providers thru the transition.
“I have involved approximately suppliers from smaller towns such as Muzaffarnagar and Ludhiana. Many human beings in these towns aren’t aware of what to do, and how to do it.”
Automobile and ancillary gadgets within the location employ approximately 3 lakh employees and have an annual turnover of more than Rs 40,000 crore, said Vinnie Mehta, director-standard of Automotive Component Manufacturers Association (ACMA).
“It is in the interest of the bigger games to hand-keep smaller suppliers. If the chain breaks, the complete supply network will suffer.”
Besides the economic and accounting systems, many IT compliances also need to be up to date, said Mehta, however he expects gains for the enterprise after the transition.
“Compliance could be better. There could be transparency in taxes and ease of doing enterprise.”

Play Online Poker, Get Rs a hundred FREE on Signup.
PokerBaazi

Drink This To Lose Weight Faster And Easier
Fit Indian Daily
Recommended By Colombia
Cost-performance will growth as agencies might be allowed input credit for services like packaging that isn’t always available at the gift, he mentioned. Not all expenses will be blanketed, even though. Since diesel has been kept out of the GST internet, there will be no tax credit score for the price of strolling factories on mills for numerous hours every day.
Vivek Vikram Singh, CFO of Sona Group, stated they could lose about Rs 15 lakh on an income of every Rs 100 crore. “It’s not a good sized proportion, however nonetheless a loss.”
Latest Comment

It is not that hard to understand. And after implementation things will be a whole lot easier for times to return.
Sanjay Pandey
SEE ALL COMMENTSADD COMMENT
About 20% of Singh’s providers aren’t GST compliant, and he stated the organization’s working capital requirement could boom as a result. “For each Rs 50 crore of sales, my extra working capital because of GST can be around Rs 1 crore.”
At Sansera Engineering, which substances engine components to both two-wheeler and four-wheeler makers, about a hundred of the seven hundred-abnormal sub-providers aren’t GST-prepared. The business enterprise expects “demanding situations” for the duration of the initial days, along with disruption of resources. “There may also be problems on the compliance aspect when it comes to a number of the smaller suppliers. Many of them use spreadsheets, whilst some were raising manual invoices. These will now not work now,” said S Ramakrishnan, CFO of the co

parts hub

e from the Internet and presents them directly on the device for the user’s perusal. He can download this application from the Google stores link. It is available in both iOS8 and Android versions. At present, the iOS8 version has more features added.

Features of MotoMint

It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with the Internet to pick out the videos featuring new automobiles and new technologies. The automobile enthusiasts have to just download this application and install on their devices to get the recent updates on the happenings in the world of automobiles. It stands apart from other automobile applications available in the market by providing anything and everything that the automobile industry comes out with. In short, it fetches the latest auto videos, auto entertainment programs, the firsthand description videos on new cars that are out. On a simple click, it comes out with high-quality automobile videos from across the world.

Nature of Videos Selected

This application searches only for the top ranked videos from across the worldwide web. For this purpose, it uses a new concept called curation. The built-in algorithm curates the videos based on the ranking given by the international bodies. Normally, these international rankings depend on the content and the number of visits to adjudge the video quality. While displaying the curative videos, the application arranges them under different tabs. The tabs dedicate the information on a particular brand of the automobile so that viewers don’t get confused. Moreover, the dedicated page in each tab describes only the selected brands. The application also allows the customers to view the YouTube channel on motors directly. By working this way, the MotoMint application lets the user get detailed information about various updates on events happening in the world of automobiles by means of high-quality and maximum-visited videos. The application stores the downloaded videos and saves them under different folders. This enables the users to see these videos later in offline mode.

This automobile video application is meant for the car

MotoMint is an application targeting the automobile industry. It basically fetches automobile and car videos from across the world through the medium of internet. The application also looks out for the regular updates from various automobile manufacturers and gives the information about them to the users within shorter time period. It picks up the latest automotive news, videos, new and old car reviews and much more from the Internet and presents them directly on the device for the user’s perusal. He can download this application from the Google stores link. It is available in both iOS8 and Android versions. At present, the iOS8 version has more features added.

Features of MotoMint

It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with the Internet to pick out the videos featuring new automobiles and new technologies. The automobile enthusiasts have to just download

 

From automobile to real estate and consumer goods: What will be the impact of GST

He Goods and Services Tax (GST) has been termed an ability game changer, the unmarried largest tax reform in unbiased India, one which the government says is based on the concept of “one country, one market, one tax”.

The GST, consistent with the authorities, may be extraordinarily beneficial to purchasers because it will convey down the charge of products and reduce inflation. It is likewise said to reduce the delays in tax bills and make certain extra stringent checks on the equal.

What remains to be seen, however, is how the GST costs—from five% to 28%—will have an effect on various consumer going through sectors of the Indian Economy. A take a look at some of these sectors and how GST will affect them.

 

AUTOMOBILE: Robust call for to power away any close to time period dips in car income

GST provides to the challenges the world has confronted, from demonetisation after which implementation of more stringent emission norms. The passenger vehicle segment is expected to peer an ordinary discount in tax outgo, with larger vehicles and game software cars (SUV) profiting from lower tax prices.

CEMENT: A marginal tax remedy

Contrary to expectancies of cement firms, which had been hoping for an 18% GST price, the sector has been categorized within the 28% slab. Despite that, cement makers will see some comfort in tax payout because the effective tax rate for packaged cement is beside 29-31%.

CONSTRUCTION, REAL STATE: Input cost credit score to offset higher fee

So ways, the development quarter, such as real estate, has had an effective tax outgo of between 11% and 18%. Under GST, the entire works contract is charged 18% tax. However, the world is probably to advantage from the center tax credit score this is to be had below GST policies.

CONSUMER GOODS: Anti-profiteering measures to hold a lid on gains

Packaged client goods makers’ sales boom will be hit within the near time period as trade channels have reduced purchases in the run-up to GST. The overall effect is seen as neutral as fees have been reducing on mass intake items and hiked on better-cease merchandise.

JEWELLERS: No dent to call for

The GST rate on gold jewelry has been fixed at 3%, decrease than expectancies of a 5% rate. The new fee is close to the modern-day 2%. Hence, it ought to not affect customer shopping for dramatically.

LUXURY HOTELS: High-cease chains will pay more

From a pre-GST tax price that numerous among 18% and 25% based on nation levies, GST classifies hotels into four buckets based on room price lists. Those with room fees under Rs1,000 may be tax-exempt, even though the rest will be taxed at five%, 12%, 18% and 28%.

MULTIPLEXES: Input tax credit will carry benefits

Multiplexes are expected to advantage, in most cases owing to input tax credit on fixed charges such as lease and commonplace location protection. The GST price has been constant at 28% for tickets costing over Rs100.

TELECOM: Hit through higher tax burden

Telecom corporations already weighed down by high taxes and levies, now need to cope with an additional three% tax with the shift to GST. A service tax of 15% applied to telecom offerings earlier.

VALUE FASHION: Gets a leg-up

The 5% GST fee on garb priced under Rs1,000 is expected supply a fillip to the value style business. Post GST, the whole cost chain—raw cloth to the completed product—will come below the tax net.

(Published in arrangement with Livemint).

First Drive: 2018 Volkswagen Tiguan

ENVER, Colorado — In case you haven’t heard it sufficient but, crossover and SUV income have been going gangbusters all over the global, pushed closely by using soaring demand within the U.S. Volkswagen has generally had to observe this feeding frenzy from the sidelines. America has usually been the uncrackable nut for VW, however, with the aging Touareg being outmoded through the good-looking Atlas and the similarly dated first-technology Tiguan being changed for 2018, matters is probably on a long-past-due upswing.

Slowly however surely, Volkswagen is making up for a misplaced time. And for damaged promises. VW suffered extra than a flesh wound inside the wake of its notorious Dieselgate scandal, however, the prescription going ahead is to introduce plenty of latest metal to win returned customers. “We’re working to regain our clients’ agree with and rebuild the logo,” stated VW product and generation supervisor Mark Gillies. “New vehicles are the lifeblood of this enterprise.”

We headed to Colorado for the launch of the 2018 Volkswagen Tiguan, which must make VW into a larger player inside the important mid-length SUV area, peeling customers far from stalwarts just like the Honda CR-V, Toyota RAV4, and Ford Escape.

 

The 2’s extra than may be said for the leap seats within the Nissan Rogue. Where the Tiguan shines is in how without difficulty the second row folds down and slides forward, revealing a beneficial commencing for rear-seat passengers. In terms of common size, the Tiguan is barely large than a maximum of its key competitors, but nevertheless well shy of lots large Atlas.

Although the Tiguan shares its underpinnings with the Golf, dynamically, they feel extra like remote cousins than near siblings. That starts of evolved with the Tiguan’s new 2.0-liter turbocharged 4-cylinder, the only engine for U.S. Fashions. Mated to an eight-pack automatic, the 184-hp “B-cycle” engine uses a modified Miller combustion cycle for improved efficiency, yielding 35 lb-toes extra torque but 14 fewer hp than the outgoing 2.0T.

 

 

The new engine is gradual off the line as we climb from Denver up into the surrounding mountains, snaking via twisting ribbons of pavement and hard dirt roads aboard a front-wheel-pressure Tiguan with three rows. Peak 221 lb-toes torque comes in early at 1, six hundred rpm and remains flawlessly flat till 3,940 rpm, however, the long pedal tour manner the Tiguan is always a step or in the back of wherein you assume it. Even within the meat of the rev variety, from 4,400 rpm to 6,000, wherein the new EA888 4-cylinder makes max hp, the engine feels coarse and resistant. It doesn’t help that the 8-pace computerized transmission is every now and then lazy to downshift, even though this will be mitigated by way of switching the shift leve

r into Sport.

A big caveat is that our whole path become at altitudes starting from 5,100 ft to kind of 8,000 ft. No doubt the skinny air turned into performed an element in all that huffing and puffing, in spite of a turbocharger on board. However, while we previously drove a preable on all models). The seats are supportive and no longer overly reinforced, visibility all around is pinnacle-notch, and the multiple USB ports will preserve the complete family charged up. Overall materials are true quality. We also observed very little road or the wind

BRIEF-Tianjin FAW Xiali

June 29 (Reuters) – Tianjin FAW Xiali Automobile Co Ltd

* Says, board, elects Wang Guoqiang as chairman

Source text in Chinese: bit.Ly/2skaSjq

Further company insurance: (Reporting by using Hong Kong newsroom)

SPONSORED

ADVERTISEMENT

 

#ECONOMIC NEWSJUNE 30, 2017 / 8:37 AM / forty-one MINUTES AGO
China factory growth all at once accelerates, but debt dangers stress economy
5 MIN READ
FILE PHOTO: Smoke billows from a cooking manufacturing unit in Hefei, Anhui province March 2, 2012.
Stringer/File Photo
BEIJING (Reuters) – China’s factories grew at the quickest pace in 3 months in June, buoyed through robust new orders in a sign of stabilizing increase, though analysts expect a similarly slowdown within the world’s 2d-largest economy is inevitable as Beijing cracks down on debt dangers.

The sudden power within the big production region defined expectancies for a cooling, thanks to robust outside call for that underscored why international relevant banks had been confident enough to replace gears to a greater hawkish stance.

The official production Purchasing Managers’ Index (PMI) changed into at 51.7 in June, the 11th straight month of expansion, and up from 51.2 in May, a month-to-month survey by way of the National Bureau of Statistics confirmed on Friday.

It changed the quickest pace since March and beat the 51.0 degrees anticipated by means of analysts in a Reuters survey.

The survey supports the large consensus that China’s economic system is stabilizing at a slight tempo rather than slowing sharply, suggesting that Beijing is on course to fulfill its annual increase goal of 6.5 percent for this year – encouraging information for President Xi Jinping in advance of a prime management reshuffle in the autumn.

Production rose a strong one percent factor from May. New orders within the month also rose to fifty-three.1 from May’s fifty two.3, with export orders putting on 1.3 percentage points to fifty two.0 in a signal of strong external demand.

All the same, boom in Chinese factories does no longer appear huge-based totally because the struggles of smaller corporations intensified compared to the quite better-off large firms.

Most China observers agree that Asia’s massive economic system has slowed in the 2d area, and current information lower back expectations for a endured cooling as authorities reduce excessive tiers of debt throughout a few of the heavy industries, crack down on monetary risks and tighten financial conditions.

Analysts additionally warning towards studying an excessive amount of into the official PMI figures.

“We are wary of putting an excessive amount of faith in the reliable PMIs given that they’ve provided fake signals inside the past,” stated Julian Evans-Pritchard, a Singapore-based China economist at Capital Economics.

The reliable PMI surveys confirmed a divergence with the personal Caixin/Markit PMI manufacturing survey in May, which focuses extra on small and mid-sized companies. The non-public survey is due to be launched on July 3.

Smaller Firms Struggle

One fear lies with the conventional sectors, which includes crude oil, chemicals, and non-steel mineral, which all persevered to a settlement at some point of the month and the downward stress persists, the Statistics Bureau said.

Growth inside the services area additionally improved to fifty four.9 in June, the highest seeing that March, thanks to vibrant activity in business services and creative sectors, every other official NBS survey observed.

The sub-index for the development region rebounded 1 percentage point to 61.Four, probably because of an infrastructure spree that hit the best in at the least 3 years in February.

The manufacturing

As policy makers tighten the screws on debt dangeronths.

“With tight economic conditions weighing on a credit boom, it will likely be tough to avoid a renewed slowdown in boom later this yr.”

Automobile sales in India grow by 10% in May 2017

The month of May 2017 registered an ordinary increase of 10.05% in its domestic sales because the industry bought a complete of 2, half,490 automobiles across all classes as against 1,849,542 devices in May 2016, as in line with quantity launched by Society of Indian Automobile Manufacturers (SIAM).The month of May 2017 registered an ordinary increase of 10.05% in its domestic sales because the industry bought a complete of 2, half,490 automobiles across all classes as against 1,849,542 devices in May 2016, as in line with quantity launched by Society of Indian Automobile Manufacturers (SIAM).
Passenger vehicles (Cars, UVs, Vans) sold a total of 251,642 devices reporting an increase of eight.63%. Total passenger cars bought in May 2016 were 231,640 gadgets. The UV space fueled the boom of PVs because it grew via 18.Eighty% by way of promoting 69,845 devices remaining month. A number of passenger vehicles bought remaining month stood at 166,630 devices developing with the aid of four.8%.
The slowdown in home sales of industrial vehicles preserves after the pre-purchase season ultimate yr. In the home market, corresponding month.Sales of M&HCV declined by way of 33% the ultimate month. The enterprise bought a total of 13,574 devices in May 2017 as against 20,780 units in the same month Rema coresLight commercial motors sales increased through 14.32% as 36,741 devices of LCVs had been offered last month.
Scooters have introduced to the overall -wheeler increase in the domestic marketplace as the two-wheeler space boomed through eleven.89%. The introduction of latest new fashions and BS-IV editions is sighted as one of the predominant purposes for the sparkling call for

 

of -wheelers.
May 2017 Sales ChartSegment Domestic Sales – May 2017 Exports – May 2017Passenger Vehicles (Cars, UVs, Vans) 251,642 (+ eight.63)% sixty four,707 (+ 25.Fifty nine%)Commercial Vehices (M&HCV, LCV) 53,457 (- 6.36%) 6,635 (- 27.49%)Three-Wheelers 36,066 (- 22.Forty%) 27,150 (+ 27.31%)Two-Wheelers (Scooters, Motorcycles) 1,694,325 (+ eleven.89) 230,444 (+ four.90%)TOTAL 2,0.5,490 (10.05%) 329,068 (8.89%)
A general of 563,326 gadgets of scooters was offered remaining month as against 454,213 units in May 2016, growing with the aid of 24.02%. Motorcycle income clocked a total of one,060,746 devices growing at 7.72%.
May 2017 has additionally been true at the exports the front. Passenger vehicle exports grew by way of 25.Fifty-nine% via exporting 64,707 devices.
Exports of LCV’s declined through over forty-five% forcing the general industrial vehicle to report a decline in exports by using 27.49%. M&HCV exports improved marginally to a few,523 gadgets in May 2017 in comparison to three,482 devices in May 2016.
Also study: Complete India Auto Sales Analysis: PV makers put up double-digit growth; two-wheelers on increase trajectory
The two-wheeler enterprise exported a complete of 230,444 gadgets final month as against 219,679 gadgets in May 2016, growing by way of four.Ninety%.
Overall exports of motors increased by 8.89% in May 2017 because the enterprise exported 329,068 gadgets across all automobiles segment. The enterprise had exported 302,198 devices in May 2016.

cturers and gives the information about them to the users within shorter time period. It picks up the latest automotive news, videos, new and old car reviews and much more from the Internet and presents them directly on the device for the user’s perusal. He can download this application from the Google stores link. It is available in both iOS8 and Android versions. At present, the iOS8 version has more features added.

Features of MotoMint

It has a novel way of connecting with the latest trends in the automobile industry across the globe. It stays connected with Internet to pick out the videos featuring new automobiles and new technologies. The automobile enthusiasts have to just download this application and install on their devices to get the recent updates on the happenings in the world of automobiles. It stands apart from other automobile applications availabl

 

BMW Introduces Black Fire Edition X5 and X6 M

Launching this August, BMW will provide both the X5 M and X6 M SUVs in the company’s modern day special edition dubbed, the Black Fire Edition, and will preserve the organization’s “achievement table inside the Sports Activity Vehicle (SAV) and Sports Activity Coupe (SAC) sectors.”

 

While not anything has been finished to either vehicle’s engine, and why might you whilst each make 575 horsepower from their four.4-liter twin-turbocharged V-8s, both the exterior and indoors of both the X6 M and X5 M were murdered out and given a racier look.

 

Both the X5 M and X6 M receive a special color of black paint, called Sapphire Black Metallic, which additionally includes each vehicle’s normal bright ware, including the double-kidney grille, and carbon-fiber reflect caps. Each car additionally gets a set of cast staggered 21-inch M alloy wheels, finished inside the unique Sapphire Black Metallic paint and completes the automobile’s menacing appears.

Inside, BMW slathered both the X5 M and X6 M with a bunch of motorsport goodies, including M multi-functional seats, Alcantara upholstery, aluminum shift paddles, and M’s multi-useful Alcantara guidance wheel with a light-blue leather accent signifying BMW’s history with motorsport.

The automobile’s indoors is completed in contrasting Black and Mugello Red Merino leather-based, which also includes the middle console.

Additionally, customers will also get unique Black Fire Edition trademarks on every car’s sprint, indicating every car’s uniqueness.

 

 

 

 

 

 

As stated in advance, BMW will begin to make the Black Fire Editions to be had this coming August, although the enterprise has but to disclose pricing on the upcoming special versions.

The well known BMW X5 M charges $one hundred,700, while the X6 M charges $104, four hundred, and we anticipate the Black Fire Edition to tack on as a minimum every other couple thousand dollars on top of that given the nature of the M Performance parts additions.

chnologies. The automobile enthusiasts have to just download this application and install on their devices to get the recent updates on the happenings in the world of automobiles. It stands apart from other automobile applications available in the market by providing anything and everything that the automobile industry comes out with. In short, it fetches the latest auto videos, auto entertainment programs, the firsthand description videos on new cars that are out. On a simple click, it comes out with high-quality automobile videos from across the world.

Nature of Videos Selected

This application searches only for the top ranked videos from across the worldwide web. For this purpose, it uses a new concept called curation. The built-in algorithm curates the videos based on the ranking given by the international bodies. Normally, these international rankings depend on the content and the number of visits to adjudge the video quality. While displaying the curative videos, the application arranges them under different tabs. The tabs dedicate the information on a particular brand of automobile so that viewers don’t get confused. Moreover, the dedicated page in each tab describes only the selected brands. The application also allows the customers to view the YouTube channel on motors directly. By working this way, the MotoMint application lets user to get detailed information about various updates on events happening in the world of a

 

GST Countdown

Loss of credit on transition stock this is a yr vintage, boom inside the operating capital requirement, impact on exchange reductions – vehicle dealers across India are coping with these demanding situations as they equipment up for the July 1 rollout of the Goods and Service Tax regime.
On BloombergQuint’s special collection, GST Countdown, John Paul, president of the Federation of Automobile Dealers Association, Vinkesh Gulati, accomplice at United Automobiles, and Saurabh Kedia, director at Kedia Group, shared their issues and posed questions to Ritesh Kanodia, a partner at Dhruva Advisors.
Here are the edited excerpts:
What are a number of the challenges that dealers are going through in Allahabad?
Vinkesh Gulati: The challenge is due to the stock of old stocks of spares, add-ons or maybe motors which can be more than one-year vintage. It’s now not just like the electronics marketplace in which you could give a 50 percent off and clear the stock. Auto spares and add-ons are items which can be greater than 3 years antique, and all the auto sellers not only in Allahabad but all over India are wondering what to do approximately those shares? They see a direct one hundred percentage excise obligation loss on that.
Is that something dealers in Kolkata are also struggling with?
Saurabh Kedia: I think what has happened is, the authorities have attempted to plan rules that allow you to convey those who are non-compliant into the mainstream, and the automobile industry is come what may suffer the brunt of it. They are already a completely compliant business, and due to that each one our shares are already declared, and we are inside the formal channel.
But the stipulation of a couple of-yr-old stock no longer allowed for input credit is hurting us very badly. There is a massive amount of cash clogged in that. The hit is in crores, and the general effect goes to be big.
Is there a way for dealers to minimize this loss?


Ritesh Kanodia: The authorities have no longer given any rest on the one-year stock preserving period. The rule says, when you have an inventory which is extra than a yr vintage, you will not get the credit. The most effective factor which I am no longer privy to is, the credit that you tackle a 60-40 percentage basis, will or not it’s relevant even if you have an excise responsibility paying report on your hand?
So, until the date, the exercise was that sellers were now not issued an excise paying document, due to the fact they had been no longer eligible to take any credit score and they were certainly no longer concerned. What manufacturers or importers have commenced is, they have got commenced paying them an excise-paying file.
Also, there may be a provision which is going to be delivered that’s your credit score switch fileore for inventory that is multiple years old if the dealer has the duty-paying report is still not clear?
Did you get any consolation from manufacturers or vendors from whom you supply spare parts that, if at all, they will be able to shoulder some ache on the transition inventory?
Vinkesh Gulati: It’s very clean that they may not be supporting us at the inventory. Also, from what I apprehend, at the stock this is older than 12 months, we won’t be able to get any credit score. We might be losing numero