Author
The author is a Principal Correspondent at BW Businessworld.
India launched GST on the midnight of 1st July 2017. Here is what the Prime Minister, Narendra Modi said during his speech
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Car leasing is not new to India. Only not very popular. But it is expected to pick up pace in the next five years
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The infamous launch of Tata Motors, Nano, is likely to make its way out of the Indian market. A detailed report by Avishek Banerjee
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Dassault Systèmes eyeing opportunities from ‘Make in India’ initiative in a gigantic manner. The company is looking forward to leverage technology to support digital continuity and also to improve the competitiveness of the industries in India.
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Ravi Avalur, MD Ducati India stated that the company intends to double volumes in next year on back of new launches. He has also affirmed that Indian luxury motorbike market will go past China
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With the new Monster 797 and 950 models, Ducati has increased its portfolio in India. The company plans to double its numbers this year with the latest launches..
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Close on the heels of General Motors India ceasing operations in the domestic market, Fiat Chrysler Automotive (FCA) India is also toeing a similar line by sticking to only export of Fiat-branded products rather than expanding its lineup here. If speculation is to be believed, the Italian-American carmaker is adopting a similar strategy as its primary focus has shifted towards ‘Jeep’ brand of cars for both domestic and overseas operations. However, no specific announcement was made by the company for phasing out the ‘Fiat’ brand in India.
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Now with the GST coming in, there will be a transition in the taxation structure. The Indian vehicle leasing market has quadrupled from 3,000 units per annum to 12,000 units per annum.
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India is a US$ 2.6 billion lubricant market which is growing at 2.2% annually. There is no other market in the world which can provide you this kind of an opportunity.
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The ‘Make in India’ initiative is now a global agenda and there is an incredible opportunity for Indian enterprises and SMEs across key verticals to take a giant leap.
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