Sector Automobiles & Auto Components - Latest news, views and updates

European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a Rs 11,000-crore tax show cause notice for alleged customs duty fraud related to the import of cars as completely knocked down units, rolled out the all-new Volkswagen Tiguan R Line at an introductory price of Rs 49 lakh. "Of course, we do not support the (reciprocal) tariffs but at the same time there are a lot of discussions about opening up the economy even in India through bilateral trade or free trade agreements," Piyush Arora, Managing Director at Skoda Auto Volkswagen India told PTI here at the launch event. Emphasizing that the group always believes in "free trade" and transfer of technology between countries for customers and their benefits, Arora

Automobiles & Auto Components

SECTOR | 14 Apr 2025

Schumer seeks to halt flights for NYC firm post deadly Hudson chopper crash

Business Standard

New York Sen. Chuck Schumer is calling on federal authorities to revoke the operating permits of the helicopter tour company whose sightseeing chopper broke apart in midair and plunged into the Hudson River Thursday, killing a family of five visiting from Spain and the pilot, a Navy SEAL veteran. At a press conference Sunday, Schumer said the company, New York Helicopter Tours, should be required to halt all flights as the National Transportation Safety Board investigates the deadly crash. The Senate Democrat minority leader also called on the Federal Aviation Administration to ramp up safety inspections for other helicopter tour companies, accusing them of cutting corners and putting profits over people. The victims included passengers Agustin Escobar, 49, his wife, Merc Camprub Montal, 39, and their three children, Victor, 4, Mercedes, 8, and Agustin, 10. The pilot was Seankese Johnson, 36, a US Navy veteran who received his commercial pilot's license in 2023. One of the things w

Automobiles & Auto Components

SECTOR | 12 Apr 2025

Mercedes-Maybach EQS 680 SUV: King-size electric throne

Business Line

A luxury SUV that doesn't emit any tailpipe emissions? That's the all-new Mercedes-Maybach EQS 680 SUV for you

Automobiles & Auto Components

SECTOR | 11 Apr 2025

Transfer of leasehold land, factory, building, plant, machinery by General Motors to Hyundai taxable: Maharashtra AAR

Business Line

MAAR noted that the plot was leased by the Maharashtra Industrial Development Corporation and any transfer of rights would require MIDC's consent

Automobiles & Auto Components

SECTOR | 11 Apr 2025

Who Is Venu Gopalakrishnan? Kerala CEO Pays Rs 46 Lakh For Fancy Number Plate For His Lamborghini Urus

NDTV Profit

Gopalakrishnan's new number plate closely resembles '007', which is a favorite among car enthusiasts. The number '007' is a popular pop culture reference to James Bond.