ELECTRIC MOTORCYCLE COMPENSATION
Ola Electric ordered to refund Rs 1.34 lakh and pay another Rs 1 lakh in compensation and legal costs after failing to deliver Roadster X Plus bike despite receiving full payment
Ola compensation news: A consumer commission ordered Ola Electric to refund a customer Rs 1,34,161. This followed the company's failure to deliver an electric motorcycle for months after full payment. The commission also awarded Rs 90,000 for loss of livelihood and mental agony. Ola had argued delivery dates were indicative and depended on availability. The commission found Ola's explanation for the delay insufficient and ordered payment within 45 days.
Court orders Royal Enfield to pay Rs 5 lakh compensation to Continental GT 650 buyer for repeated repairs
Royal Enfield compensation ruling: A Coimbatore consumer court has ordered Royal Enfield and its dealer Bharat Automotives to pay Rs 5.1 lakh. The compensation is for a buyer whose Continental GT 650 motorcycle repeatedly broke down. The bike suffered recurring defects for nearly three years. It spent 294 days at service centres. The court found deficiency in service by both the manufacturer and dealer.
Pakistan Govt, protesters sign agreement to end violent protests in PoK
After days of violent unrest in Pakistan-occupied Kashmir, the federal government and protesters signed an agreement to end demonstrations that killed 10 and injured hundreds. The deal includes compensation, new educational boards, health facilities, electricity funds, and reduced government size, aiming to restore peace and address grievances in the region.
New GST rates: You missed the deals that may not return now
India's GST Council has introduced GST 2.0, cutting rates on essentials to boost consumption before Diwali, while increasing taxes on luxury and sin goods up to 40%. This move aims to empower the middle class with more spending money, but will make luxury items and certain goods more expensive. The changes also impact coal and renewable energy sectors.
GST 2.0 FAQs: Which cars just got cheaper & which ones got costlier? From insurance to gold to cigarettes, all key new price info here
The GST Council has approved a significant overhaul of the Goods and Services Tax regime, effective September 22, 2025, by limiting slabs to 5% and 18%. These changes aim to boost domestic spending and mitigate the impact of US tariffs, with rate reductions on various goods and services, including personal use items, medicines, small cars, and bicycles.
GST rate cuts to spur growth, benefit first-time buyers, middle-income families: Auto industry
The GST Council's decision to reduce tax rates on automobiles has been welcomed by the Indian auto industry, with players anticipating a boost in demand, especially during the festive season. The move is expected to benefit first-time buyers and middle-income families by making vehicles more affordable.
SBI to states: Don’t fear PM Modi’s Diwali GST gift, you’ll still be net gainers
State Bank of India projects Indian states will remain net gainers from GST, even with rate rationalisation, due to revenue sharing mechanisms. This contradicts concerns of revenue loss expressed by some states. The bank suggests utilising the compensation fund surplus to offset potential losses from rate adjustments.
Automakers report dip in vehicle dispatches in August as buyers await price cut in GST rejig
Major Indian automakers like Maruti Suzuki and Hyundai experienced a sales dip in August. Buyers postponed purchases anticipating GST rate cuts. Maruti Suzuki's dispatches fell by 8 per cent. Hyundai saw an 11 percent decrease. Mahindra & Mahindra's utility vehicle sales also declined. Tata Motors reported a 7 per cent drop. GST Council will meet to discuss tax reforms.
Royal Enfield calls for uniform 18% GST on two wheelers under new framework
Royal Enfield urges the government to consider a uniform Goods and Services Tax (GST) rate for all two-wheelers. Eicher Motors emphasizes that a uniform 18 percent GST is crucial for sustaining the industry's momentum. Siddhartha Lal warns against raising GST on motorcycles above 350cc. He says it could damage India's global competitiveness.
Listed startups get a delivery of reality: It's hot on the Street
The tide is expected to turn for some of the companies including Swiggy and Mobkwik over the next few quarters. ETIG offers a snapshot of key takeaways from the recently concluded results season for each of these startups.
Major changes to Motor Vehicle Act proposed: Motorcycle use, accident claims top focus
The road transport ministry has proposed amendments to the Motor Vehicle Act. These include a 12-month deadline for Motor Accident Claims Tribunals to resolve claims and legal clarity for motorcycle usage by aggregators like Uber and Rapido.
GST Council spices things up: Here's what got cheaper overnight in India
GST Council Meeting decisions: The GST Council's meeting on Monday announced significant tax cuts to make essential goods and services more affordable. Key reductions include lowering GST on cancer drugs to 5%, reducing the levy on fried snacks, and cutting taxes on shared helicopter rides. The Council also exempted R&D activities from GST and deferred decisions on insurance and compensation cess.
Bajaj Auto Q3 Results: Co tops Rs 2,000 crore quarterly profit for first time
Maker of the Pulsar and Discover motorcycles beats market estimates with a Rs2,042 crore net profit in Q3, compared with Rs1,491 crore a year earlier and the average estimate of Rs1784.50 crore in a Bloomberg poll of analysts.
We will build, not burn, our way into the future, says Bajaj Auto MD Rajiv Bajaj
"Over the last 20 years, Bajaj Auto has successfully executed two significant transformations - from being a scooter licensee to becoming a motorcycle innovator, and from being a domestic player to becoming a global powerhouse. During both these endeavours, we have demonstrated the ability to balance change with stability, and growth with profitability," says Bajaj Auto's MD Rajiv Bajaj
Fresh round of exits likely at Royal Enfield, post CEO's departure
Close on the heels of Vinod Dasari’s resignation as chief executive of Royal Enfield, the maker of the Bullet motorcycles may potentially see a fresh round of exits at the top.
Flash Electronics files suit in US against Royal Enfield for patent infringement
As per the suit, the Pune-based company said Royal Enfield has infringed its patent on 'Regulator Rectifier Device' and method for regulating an output voltage of the same.
Top stocks in focus on Tuesday, 29 August 2017
Here is a list of top stocks that are likely to be in focus in today's trading session.
Vedanta's Lanjigarh Rehabilitation colony hailed as a model
Apart from its neat layout, what is impressive is the provision of primary schooling and medical facility within the campus itself.
Growth will turn India into a dynamic consumer economy; will increase discretionary spends by poor
Growth leads to a decrease in the share allocated to basic necessities and an increase in discretionary spending.
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