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Festive season accounts for the best sales for carmakers in India and like every year, companies have rolled out the list of the fresh discounts and offers to gain the customer sentiments. For this season, companies have even announced offers on some of their most-selling models to make up for the volume loss caused by the pandemic. Here are some of the best Diwali offers on cars. https://auto.hindustantimes.com/auto/news/top-diwali-offers-on-cars-five-cars-with-great-deals-this-season-41605266313152.html

Maruti, Toyota and Hyundai witness a jump in sales the month. While automobile wholesale dispatches rose in October for most industry players, with many breaking their own records, how long it will after the festival season ends remains topmost on the minds of industry experts.https://www.thehindubusinessline.com/companies/maruti-suzuki-india-hyundai-and-tata-motors-witness-brisk-sales-during-navratri-period/article32995639.ece

NEW DELHI: Nifty Auto index was trading with losses at 12:10PM (IST) on Monday.Shares of Hero MotoCorp NSE -1.77 % (down 4.05 per cent), Bajaj Auto NSE -0.64 % (down 3.53 per cent), Ashok Leyland NSE 0.06 % (down 2.93 per cent), Bharat Forge (down 2.67 per cent) and TVS Motor Company NSE -1.15 % (down 2.59 per cent) were the top losers in the index.While Amara Raja Batteries (up 0.5 per cent) and MRF NSE 0.68 % (up 0.06 per cent) were among the top gainers.The Nifty Auto index was trading 1.83 per cent down at 7946.65 around 12:10PM.Benchmark NSE Nifty50 index was down 109.90 points at 11820.45, while the BSE Sensex was down 364.63 points at 40320.87.Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. https://economictimes.indiatimes.com/markets/stocks/news/stock-market-update-nifty-auto-index-down-2-hero-motocorp-dips-4nbsp/articleshow/78868162.cms

Recently American bike maker Harley-Davidson said it will shut its manufacturing plant in Haryana and lay off about 70 employees. Several reports suggest that Harley-Davidson could enter into an alliance with Hero MotoCorp for it to become their sole importer and distributor. It's also possible that Hero will import Harley motorcycles as CKD kits and assemble them at its own plant. What's certain though is that Harley, who set up its Indian plant in 2012 with a lot of fanfare and encouragement from the US government, is closing down its manufacturing facility in what is the world's largest two-wheeler market. https://www.overdrive.in/news-cars-auto/opinions/is-the-government-of-india-unfair-to-the-auto-industry/

The GST was implemented in July 2017 and subsumed a host of indirect taxes, including excise duty, VAT and entertainment tax. The GST issue on automobiles — that has often been a contentious issue between auto ...https://www.business-standard.com/article/companies/at-up-to-50-cars-in-india-suffer-among-the-highest-tax-rates-globally-120092101207_1.html

The Chinese automakers are driving on a rough terrain. The problem is more than flattening sales. For companies like Great Wall Motor (GMW), the closer scrutiny by India is proving to be the biggest litmus test. Its owner’s background may ground the India project or at least make it tougher. https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/etauto-originals-will-great-wall-motor-ever-cross-the-indian-roster-hurdle/77755903  

The funding round was led by mobility veteran, Ola Electric Co-Founder and Senior Advisor Anand Shah along with BryAir Director Varun Pahwa, and DMI Group partner Anmol Nayyar. The three invested an undisclosed amount in the mobility tech startup EVage, which is set to launch their first Electric Delivery Van on a completely 'Made in India' structure.https://www.aninews.in/news/business/business/electric-vehicle-startup-evage-raises-strategic-investment-from-mobility-veteran20200825135008/

A good number of senior executives are going out of Japanese carmaker Honda Cars India under the Voluntary Retirement Scheme or VRS, initiated by the company, which has seen several key functionaries leaving the entity pointing to a grim scenario as the entire automobile industry grapples with some extremely tough market conditions - https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/etauto-exclusive-is-honda-getting-emptied-a-chunk-of-the-top-corporate-team-is-out-in-vrs-mode/77515642