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Auto Budget 2017: How GST could benefit the India automotive industry

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Auto Budget 2017: How GST could benefit the India automotive industry

Auto Budget 2017: How GST could benefit the India automotive industry

– The Goods and Services Tax (GST) has been a long time coming, and it will hopefully make India’s tax regulations, one of the most complex in the world, a lot more simpler.The Indian automotive industryis especially hopeful of the GST, especially after seeing shaky times since the demonetisation decree.Industry experts are optimistic that the GST will boost demand that has started recovering recently from demonetisation.
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Union Budget 2017: Here is what the Indian automotive industry expects

Union Budget 2017: Here is what the Indian automotive industry expects

– The last few months, those of the late 2016 and early 2017, have been quite bleak for the Indian automotive industry.Hit hard by the post demonetization syndrome, automobile sales in India slumped by about 19 percent in the month of December 2016, the lowest which is being observed in the last 16 years.Tomorrow, Finance Minister Arun Jaitley is going to bring forth the Union Budget 2017, here we bring you the expectations of some of the major players in the Indian automotive scenario.
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Ternium Mexico develops dual phase steel for automotive industry Tuesday, 31 January 2017 00

Ternium Mexico develops dual phase steel for automotive industry Tuesday, 31 January 2017 00

– Mexican steelmaker Ternium Mexico has developed a dual phase steel at its Churubusco mill in Monterrey, with the goal of supplying the automotive industry, the company said Tuesday.According to Ternium, the new steel will have the ability to make autos lighter and safer by combining two different phases or microstructures of the steel: the ferrite, which generates a very soft and ductile material; and the martensite, which is hard and allows materials to be more resistant.“We made a very strong investment at the Churubusco hot rolling mill.
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