The company stated in its regulatory filings that the penalty of INR 6,68,02,395 was slapped by the Senior Joint Commissioner Large Tax Payer Unit, Corporate Division, West Bengal. “The Company has received order confirming demand on account of Excess availment of credit under section 73 of the CGST/ SGST Act, 2017”, the company stated.
The bank will offer financing across the entire commercial vehicle portfolio, and customers will benefit from the bank’s wide network and specially curated easy repayment plans, the company said.
The total tаx amount for the order that was received by the company on April 27, 2024 sums up to INR 1,92,83,966 with interest of INR 22,04,93,836 and Penalty of INR 19,28,396.
The campaign aims to create awareness on the benefits of an Annual Maintenance Contract (AMC) service, whilst spotlighting Tata Motors’ AMC service as an ideal solution that allows customers stress free operations through systematic maintenance of vehicles.
Sixteen years post an anti-land acquisition movement that forced the Tata Nano car plant out of Singur, the issue of industrialization remains central in the Hooghly Lok Sabha constituency. Two film celebrities, running for TMC and BJP, vow to rejuvenate industry in the region. Hooghly district, encompassing the Singur area, gained national attention in 2006-2007 during the anti-land acquisition movement against the former Left Front government.
The modern facility is fully digitalized and spans across 1 lakh square feet, stocking spare parts for the entire commercial vehicle portfolio, the company said.
Harman Ignite Store is a safe and secure automotive platform, fully compliant with Android Automotive Operating System (AAOS) standard that connects OEMs with developers to provide consumers unique in-vehicle digital experiences, the company said.
These filings span across a wide spectrum of product and process innovations, addressing key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS). They also cover various vehicle systems such as powertrain, body & trim, suspension, brakes, HVAC, and emission control, the company said.
Tata Passenger Electric Mobility secured a 2,000 unit order for XPRES-T electric sedans from Vertelo, enhancing its market share in fleet electrification amid India's EV revolution.
The Magic-Bi-Fuel is powered by a 694cc engine, and comes with 60-litre CNG tank along with 5-litre petrol tank, with a cumulative range of 380 km on a single fill, the company said.
India's preference for compact vehicles under 4 meters in length is declining, with their market share dropping from 62% in 2021 to 50% in 2023. The number of models in this segment has also decreased. Shifting consumer tastes, including a preference for larger vehicles, are prompting automakers to rethink strategies. The popularity of entry-level SUVs has grown, overlapping with premium hatches and sedans. New safety requirements and challenges in designing small cars are also affecting the market. Urban incomes and easy financing options are driving the trend towards premiumization.
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