The top automotive news of the day - The central government has decided to increase the GIST cess on SUVs from 15 per cent to 25 per cent. This is over and above the 28 per cent GST rate which is already applicable on cars which are more than 4 metres in length. Porsche India has started taking bookings for the Panamera Sport Turismo for Rs. 10 lakh. The Panamera Sport Turismo is the estate of the 'Shooting Brake' variant of the Panamera. The Central Government is committed to electrifying public transport in India with the phase II of the FAME scheme for electric and hybrid vehicles.
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Triumph may increase prices of the Speed T4, Scrambler 400, Thruxton 400 and other 350cc motorcycles in India from June 1, 2026.
Sitharaman defended the Centre's handling of rising fuel prices, saying the government had already taken a major revenue hit to shield consumers.
Petrol, Diesel Price Today: States that need more revenue keep fuel taxes higher as fuel remains one of the most reliable source of tax collection.
Top BJP sources told NDTV that the campaign will run till July 9 and will revolve around what the party calls the "12 Years, 12 Big Achievements" of the Modi government.
Under a 28 per cent GST framework, petrol prices could go down by nearly Rs 25 a litre; Diesel prices could reduce by around Rs 14 per litre.
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