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No GST Reduction on Strong Hybrid Vehicles Says Finance Minister, Nirmala Sitharaman

The Finance Minister of India Nirmala Sitharaman cleared the rumors on the reduction of GST on Strong Hybrid Vehicles like Toyota Innova Hycross, and Honda City Hybrid. This decision is expected to provide a boost to the electric vehicle (EV) sector, as it will help to maintain a competitive pricing environment for EVs compared to hybrid vehicles. The news is quite surprising as Nitin Gadkari, the transport minister himself requested to reduce the GST on Hybrid Vehicles from 28% to 12%.

Lamborghini's Remarkable Success in India: Nearly 200 Orders Pending as Demand Surges

The surge in demand for Lamborghini vehicles is evident from the substantial backlog of orders in India. The order book for the iconic Revuelto model is closed for the next three years, while orders for the Urus plug-in hybrid variant are booked until 2025. Additionally, the current Huracan model is sold out until the end of its production cycle, with bookings for the PHEV version set to open in Europe later this summer.

BMW Announces Removal of 'i' Suffix from Petrol Models, Focuses on Electric Portfolio

With the removal of the ‘i’ suffix, petrol models will adopt a new naming convention, with names ending in ‘0’. This change is expected to apply to both new-generation models and facelifted versions across BMW’s petrol-powered lineup. For instance, upcoming iterations of popular models like the 1 Series hatchback and 2 Series

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