What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? | The Auto World This Week

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



 

 

What if 1 Lakh Connected Vehicles get hacked in a city simultaneously?
We don’t even have a law on it as yet! There shall be globally 250 Million Connected vehicles by 2020.
With India at the forefront, we need Standards & Laws for Protection. WAF taking this Dialogue to Action!



 

 

How Consumers adopt the Innovations in CV Space by Vinod Aggarwal MD & CEO Volvo Eicher CV
One of the Most Knowledgeable yet Most Humble Stalwarts of the Auto Industry shared how Innovation can be a common ground between Consumers & Organisations

Hero MotoCorp Becomes First Two-Wheeler Manufacturer To Receive BS6 Certification
The BS6 regime will kick off from April 1, 2020 and keeping that in mind, two and four wheelers have already started moving their production to BS6.

Auto industry seeks govt intervention as PV sales skid to decade low
Vehicle sales in India — a key indicator of the economy — continued to slump with a decline of 8.62 per cent in May.

Mercedes-Benz appoints Santosh Iyer as India head of sales and marketing
Luxury car maker Mercedes-Benz India has announced an organisational change in its sales and marketing function by appointing Santosh Iyer, currently Vice President..

 



GLOBAL AUTO NEWS

BMW’s Auto Business Posts Loss Following Antitrust Charge 
BMW AG said its core automotive business swung to a quarterly loss on a €1.4 billion ($1.6 billion) charge against potential fines from a European antitrust probe…

Patent guidelines put tech firms, carmakers on collision course
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course...

 

TMC goes all in on full-electric models
AS TOYOTA Motor Corporation (TMC) continues its transition “from an automobile company to a mobility company”, it has finally detailed its eagerly anticipated roadmap for full-electric models that will play a key role in this…

‘We’re built for this’: How a Calif. dealership group keeps business in the family
Casa Automotive Group in Los Angeles has overcome differences in personalities and business philosophies to successfully transition the company from the first

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The Auto World This Week | Most Car Service Aggregators Offering An Uber, Customers Need An Oyo

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



 

Most Car Service Aggregators offering an Uber, Customers need an Oyo
Whats’s with Uber that works fab while hailing a Cab but goes miserably wrong when applied to a Car Service Centre. Well here it is..

 

Kia Motors India to make Debut with Seltos SUV
Seltos is based on the SP2i Concept Vehicle, they had showcased at the 2018 Auto Expo at Greater Noida , Delhi NCR. Incidentally Kia Motors India had also won the World Auto Forum Best Pavilion Contest last year. A Contest keenly contested by all exhibiting Auto

 

Jeep is most trusted automobile brand in India, Maruti Suzuki is at second spot: TRA Brand Trust Report 2019
Jeep Compass gets a 1.4-litre Multiair petrol engine that makes 163 bhp and 250 Nm of torque. It is offered with a 6-speed manual gearbox and has an option for a 7-speed automatic transmission also.

 

M&M to expand African footprint, plans manufacturing units in Sudan, Kenya
M&M opened its first assembly unit in Durban in May 2018 as part of a larger strategy to make South Africa a second base outside India

 



 

Hyundai Motor India Key Initiatives by S Punnaivanam – Head, After Sales, Hyundai Motor India



GLOBAL AUTO NEWS

 

Fiat Chrysler withdraws proposed merger with Renault
Fiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped...

 

CHART OF THE WEEK : All the World’s Carbon Emissions in One Chart
Two degrees Celsius may not seem like much, but on our planet, it could be the difference between thriving life and a disastrous climate.

 

Leading Chinese Auto to “Go Global” – Great Wall Motors is About to Complete Tula Factory in Russia
Under China’s strategy of ” The Belt and Road “,Great Wall Motors’ Tula factory in Russia is the the first Chinese full-function automotive factory in overseas.

 

China fines Ford’s Changan venture $24 million for antitrust violations
China’s market regulator fined Ford Motor Co’s main local joint venture 162.8 million yuan ($23.55 million) on Wednesday for violating anti-monopoly laws, the latest automaker with foreign partners to face such penalties.

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Why it won’t be a Cakewalk for MG Motor at India | The Auto World This Week – May 31, 2019

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Why it wont be a Cakewalk for MG Motor at India ?
MG, Morris Garages, the Iconic British car brand owned by the Chinese Auto Co SAIC is all set to make its brand debut in India with the SUV, MG Hector. 

 

Ather Energy Raises $51 Mn In Round Led By Sachin Bansal
Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn.

 

Hyundai gears up to launch luxury brand Genesis in India
Hyundai Motor Co. will launch its luxury brand Genesis in the Indian market after 2020 and will test the acceptance of its models in the premium segment by first introducing its Kona electric SUV in July, three people aware of the development said.

 

 

Leyland delivers goods in Q4, but demand remains challenge for CVs in near term
In mid-February, shares of Ashok Leyland Ltd had fallen almost 54% from their highs in 2018 to ₹78…



GLOBAL AUTO NEWS

 

Toyota expects fuel cell prices to match hybrids
GOTHENBURG, Sweden — Toyota believes the price of fuel cell cars will match those of hybrids within 10 years, the automaker’s European head of sales and marketing, Matt Harrison

 

FCA, Renault face tall odds delivering on cost-cutting promises in merger
Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds 

 

Component manufacturing demand a good sign for South Africa’s automotive industry
After 2021 South Africa’s automotive industry growth is set to be bigger when government policy demanding more than 50% local content kicks in..

 

BYD delivers Argentina’s first electric buses
The electric buses are the first fleet of its kind in Argentina, signifying a major milestone in the electrification of public transportation in the South American country.



 

The Art of an M&A Deal Negotiation -Live Examples not Just Theory by Bhupinder Singh CEO Sunbeam Auto



 

Vision 2030 : The Future of Auto Retail
Your Dealership Culture
Your Product’s Reliability & COO
Your Digital Strategy & FootPrint

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The Auto World This Week | Top 10 Stories from India & the World

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Vitara, XUV300, Ecosport, Nexon Challenger Hyundai Venue Launched at 6.5 Lakhs!
Hyundai Venue is the offering of the company in the sub 4m , Compact SUV Segment. This was a space left blank by the company as its best selling Creta is way above.

 

Only electric 2-wheelers may be sold in country after 2025 
Signalling a faster transition towards electric vehicles, th .. 

 

 

Volvo Cars bullish on India’s long-term potential
In its quest to fuel growth in India, Volvo Cars is betting on electric and hybrid vehicles, which it sees as game changers.

 

Bajaj Auto’s market share gains aren’t resulting in profit growth
Bajaj Auto beat competitors hands down in fiscal year 2019 with volume growth of 28.7%



GLOBAL AUTO NEWS

 

Daimler CEO announces sweeping cost review as he bows out
Daimler’s Chief Executive Dieter Zetsche announced a sweeping cost review on Wednesday, his last day in office, as he bid farewell to shareholders following more than a decade at the helm of luxury carmaker Mercedes-Benz.

 

How Much Oil is in an Electric Vehicle?
When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But there is actually much more to oil’s role, than meets the eye…

 

Nissan chief makes useful scapegoat for everyone
Nissan’s chief executive is too useful a scapegoat to dismiss. Hiroto Saikawa will stay longer than expected at the helm of the struggling $30

 

Japan says U.S. curbs on auto imports would hurt global economy
Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the U.S. and global economies.



 

Hero’s IT Landmarks by Vijay Sethi CIO, CHRO, Head CSR Hero MotoCorp



 

How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!

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World Auto Forum – Across 125 Countries
All Here : https://WorldAutoForum.com


 

 

 

The Auto World This Week

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Why carmakers are still betting on India.
Amid a steep slowdown in vehicle sales, three auto makers are looking to enter India. What is their game?

 

Maruti Suzuki Inaugurates 400th Arena Showroom
The 400th Maruti Suzuki Arena dealership has opened up in less than two years, with the new outlets spread across 278 cities and towns pan India.

 

Auto CMO Roundtable @ Digital by World Auto Forum. India’s Finest Auto CMOs. Book Now.

 

KENT RO forays into automotive security, launches KENT CamEye
With the ever increasing incidences of crime against women in driver driven cars, safeguarding the security of women and children, being driven around is of paramount importance
.

 

Sales volume of EVs important than subsidy for localisation of parts: Maruti MD Kenichi Ayukawa
Sales volume of electric vehicles is more important than subsidy for localisation of parts and the automobile industry

 

Panasonic launches electric vehicle charging service in Delhi-NCR
Japanese electronics giant Panasonic in partnership with electric mobility service providers SmartE and qQuick launched their electric vehicle….

 

Why the second-hand car market is seeing a boom
Even as new car sales have slowed down in the recent past, the pre-owned car market has continued to grow over the past year and is larger than the new car market now.



GLOBAL AUTO NEWS

 

Ford recalling 2.7 lakh cars in North America that could roll away
Ford Motor Co is recalling nearly 273,000 Ford Fusion and Ranger pickup trucks in North America that could roll away if the gear is not in “park” mode, the second largest U.S. automaker said on Wednesday.

How the promise of a $120 billion Uber IPO evaporated 
Last September, Uber’s top executives were pitched by some of Wall Street’s biggest banks, Morgan Stanley and Goldman Sachs. The bankers’ presentations calculated Uber’s valuation almost identically, hovering around one particular number: $120 billion.

 

Volvo introduces new service that tells you what to do after an accident.
Volvo just released a new mobile service designed to guide you through what to do after a car crash. It’s a simple bit of tech, but might prove helpful if you weren’t up to speed on what to do after a light brush up with another vehicle.

 

Hyundai and kia motors invest 80 million euros in rimac for development of high-performance electric vehicles
Rimac is a Croatian high-performance electric vehicle technology and sportscar company that has been in news for sometime now. 

 

Mercedes-Benz’s aggressive climate pledge: All cars will be carbon-neutral by 2039
Mercedes-Benz pledged on Monday to make its new passenger car fleet carbon-neutral within two decades, an ambitious goal built on electric vehicles and renewable energy.

 

How to Power Up the Right Customer Experience via Digital by Ram Seethepalli

 

Demystifying Blockchain for Automotive

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2019 -20 India World Auto Forum Calendar

Sat Feb 16th, 2019 WAF MasterClass on M&A at Automotive

Sat April 27th, 2019 WAFit (3rd World Auto Forum on IT)

Fri, 12 July, 2019 – Auto CMO RoundTable @ Digital

Sat, 14 Sept, 2019 – I-SMS – India Shared Mobility Summit

Sat, 12 Oct 2019 – ALEN (2nd Meeting of Automotive Legal Experts Network)

Fri, 8 Nov 2019 – WAF Awards (7th World Auto Forum Awards for Auto Maker CXO’s)

Sat 14 Dec, 2019 – IVASS (5th India Vehicle After Sales Summit)

All Here : https://WorldAutoForum.com


 

GST Dealer can claim Input Tax Credit on Demo Cars: AAR

GST Dealer can claim Input Tax Credit on Demo Cars: AAR

 

The Authority for Advance Ruling ( AAR ), Kerala has ruled that Input tax paid by a vehicle dealer on the purchase of motor car used for demonstration purpose of the customer can be availed as input tax credit on capital goods and set off against output tax payable under the Goods and Services Tax ( GST ) regime. In the instant case, the applicant, A M Motors, uses cars for demonstration purpose for the prospective customer and after a specific period of time, they are sold off for the book value, paying the applicable taxes at that point of time. Before the AAR, the applicants sought for a clarification that Whether input tax credit on the motor car purchased for demonstration purpose of the customer can be availed as credit on capital goods and set off against output tax payable under GST in the case of a motor car dealer.

The authority noted that the demo car is an indispensable tool for the promotion of sales by providing trial run to customers and to understand the features of the vehicle. “The applicant capitalized the purchase in the books of accounts, The capital goods which are used in the course or furtherance of business, is entitled for input tax credit. As the impugned purchase of demo car is in furtherance of business, the applicant is eligible for input tax credit. Furthermore, this activity does not come under the negative clause, as after a limited period of use as demo car, the vehicles are sold at the written down book value.” It was observed that the availability of input tax credit shall be subject to the provisions of Section 18(6) of the GST Act. In the case of supply of capital goods on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken on the said capital goods reduced by such percentage points as may be prescribed or the tax on the transaction value of such capital goods determined as value of taxable supply, whichever is higher, it said.

Read more at: http://www.taxscan.in/gst-input-tax-credit-demo-cars-aar/29336/