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India GST cuts to boost festive season car sales, auto dealers body says

Sept 8 (Reuters) – India’s auto sales to consumers are expected to rise during the festive period due to the government’s consumption GST rate cuts, a dealers’ body said on Monday. However, the Goods and Services Tax (Goods and Services Tax) cuts will lead to buyers deferring purchases as they kick in from September 22, according to the Federation of Automobile Dealers Association. Car sales to customers rose 2.84% year-on-year in August, the dealers’ body said, helped by the festive season, which typically begins in that month. “Dealers remain confident that September will herald the beginning of an accelerated growth

Why E20 fuel is causing angst in India’s auto market

NEW DELHI, Sept 8 (Reuters) – Indian Prime Minister Narendra Modi’s government’s roll-out of ethanol-blended fuel, called E20, has caused panic and confusion in the world’s third-largest auto market. Here are facts about E20 and details of its impact: HOW WAS E20 ROLLED OUT? HOW DOES IT HELP? E20 is petrol blended with 20% ethanol, an alcohol mainly produced from sugarcane and grains such as maize and rice. It was introduced at a few pumps in April 2023 and has been rolled out across India since April 2025, replacing the 10% ethanol fuel, called E10, that most cars are designed

Trump says India and Russia appear “lost” to “deepest, darkest China”

WASHINGTON, Sept 5 (Reuters) – U.S. President Donald Trump on Friday said India and Russia seem to have been “lost” to China after their leaders met with Chinese President Xi Jinping this week, expressing annoyance at New Delhi and Moscow as Beijing pushes a new world order. “Looks like we’ve lost India and Russia to deepest, darkest, China. May they have a long and prosperous future together!” Trump wrote in a social media post accompanying a photo of the three leaders together at Xi’s summit in China. Asked about Trump’s post, India’s foreign ministry told reporters in New Delhi that

Sensex, Nifty close unchanged after 2-day rally; auto, oil shares shine

Mumbai, Sep 5 (PTI) Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on Friday as gains in oil & gas and auto shares were offset by losses in IT and FMCG shares. After a volatile trade, the 30-share BSE Sensex closed lower by 7.25 points or 0.01 per cent at 80,710.76 with 14 of its components ending with gains and 16 with losses. In a see-saw trade, the barometer opened higher but slipped into the red in late morning deals. It hit a low of 80,321.19 in the afternoon session before paring losses in the pre-close

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