Meet the New MD of Volvo Cars India – Jyoti Malhotra

Meet the New MD of Volvo Cars India – Jyoti Malhotra

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by WAF Editorial Team 

 

•Volvo Cars India gets its first “Indian” MD

•Charles Frump, the outgoing MD leaves a great legacy behind

•Meet the new MD, Jyoti Malhotra – An Industry Veteran with a Proven Performance Record

 

History is getting created at Volvo Cars India as it gets its first “Indian” MD.

Jyoti Malhotra who is presently the head of Marketing, Sales & PR at the Swedish car maker’s Indian subsidiary, shall take over as Managing Director wef March 1, 2021

Mr Malhotra is an Industry veteran who has worked with Auto Makers like Maruti Suzuki, M&M and Fiat India in the past. He holds an Engineering Degree in Production from University of Pune. He has done his MBA from Bhartiya Vidyapeeth . He has also done a global program in management development from Stephen M Ross School of Business, University of Michigan, USA

Anuj Guglani, CEO, World Auto Forum said, “Jyoti is a stalwart of the Indian Auto Industry. He has deep insights in Automotive Consumer Behaviour, Business and Marketing. His diverse experience spans a quarter of a century across Indian, Japanese, European companies and their cultures which gives him an indomitable edge. Most importantly he’s a great human being!”

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2nd WAF CHRO Roundtable 2021 – Online

2nd WAF CHRO Roundtable 2021 – Online

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  • Connect with Top CHROs Club at World Auto Forum. 

  • Innovations & Best Practices in the Year of the Pandemic 

  • Balancing WFH, HSSE, CSR, Mental Health, Productivity, Families, Bottomline, Compliances

  • Earn the WAF Certificate of Participation

2020 has been a tough year. In 2021 things have really opened up. Still its not near Pre Covid.

How we managed 2020 ? What have we learnt that we shall apply for years to come ? How’s the Outlook for 2021.

Lets spend a day in developing the CHRO’s Toolkit which shall be relevant for years to come…

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INDIA BUDGET 2021 HIGHLIGHTS

INDIA BUDGET 2021 HIGHLIGHTS

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Key Highlights of Union Budget 2021-22 | From a CA’s Perspective

Key Highlights of Union Budget 2021-22 | From a CA’s Perspective

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by CA Mohit Jain, Partner, Manoj Chhabra & Co  

1) ESI/PF related additions

It has been specifically proposed to tax employers in case they fail to deposit PF/ESI/other funds related to employees on time given under the relevant acts. It has been included in the budget that the said provision is there to penalise the employers and hence no relief will be available if employee related dues are not deposited on time. Further, please note that if any litigation is pending in this regard, it will be very difficult to get relief for the same.

2) Revised/Belated ITRs

The time limit for filing revised/belated ITRs has been reduced to 31-Dec of relevant year from 31-Mar.

3) Reduction in time limit for completion of assessment

 W.e.f AY 2021-22, assessment proceedings need to be completed within 9 months from end of assessment year, ie, for FY 2020-21, relevant for AY 2021-22, assessments have to be completed by Dec-2022.

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New Vehicle Scrappage Policy- Union Budget 2021-22

New Vehicle Scrappage Policy- Union Budget 2021-22

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by S S Rana & Co – India’s Leading IP Law Firm 

 

The much awaited Union Budget address (2021-2022) was made by the Finance Minister, Nirmala Sitharaman on February 01, 2021. The Minister in the speech has announced- Voluntary Vehicle Scrapping Policy, for phasing out old and unfit vehicles from the Indian streets. While substantiating on the Scrappage Policy, Ms. Sitharaman stated that under the Policy- personal vehicles after 20 years and commercial vehicles after 15 years would undergo fitness tests in automated fitness centres.

Key Points:

  • Voluntary Vehicle Scrapping Policy to be notified soon
  • Vehicles (private and commercial) to under fitness test after 20 years and 15 years of use
  • Fitness tests to be done at automated fitness centers
  • Specifics of Policy to be announced soon

An Insight into Vehicle Scrappage Policy

The Policy is expected to substantially impact air pollution issues in India and maintain environmental sustainability. It was also announced that the specifics of the Policy would be announced soon.

Hence, it is abundantly clear that under the New Policy all personal vehicles and commercial vehicles will have to mandatorily undergo fitness tests at automated fitness centres in 20 years and 15 years respectively.

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