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Articles by Waman Parkhi
Union Budget 2023: Can hybrid vehicles provide the push for EV adoption?
Synopsis While there is positive growth momentum in EVs, considering the slew of measures extended by the Government, there still seems to be a long road ahead. Inadequate charging infrastructure, unavailability of raw materials, low customer preference due to the high cost of ownership of EVs, etc., are some of the hurdles which may take some time to be addressed and can be done in Union Budget 2023.
Budget 2018 an auto sector: What industry really wants desperately
This ‘Uberisation’ of the demand for personal transport will impact composition of sales across segments of OEMs, pushing up sales of cars in economy variants. Change is the only constant for the auto industry, and more so in recent times. Continuous change in its environment and evolving technologies have made this industry full of uncertainties.
GST council gives a breather
In the last GST Pulse ( The Chaos), we had discussed reasons for the chaos experienced across the country during GST filings and the suggestions to overcome those. The GST Council meeting on Saturday, considered many of these suggestions. While chances are remote that GST Pulse would have reached GST Council, the fact that the Council addressed some of the issues faced by the industry mentioned in the Pulse shows that the Council is in sync with the Industry.
Here's how GST complicates the employee-employer relationship
"How would you treat a car given to employees for their use under GST (goods and services tax)?" a tax head of a car company asked me.'Why should it be such a big problem?' I wondered. Until I realised the nuances of such a transaction.Is the car capitalised in the books of the company? Is it registered in the company's or employee 's name?As per the company's HR policy, is the employee allowed personal use of the car? If yes, is there any way to identify that personal use?
Union Budget 2017 dashed auto sector expectations, yet there's something to cheer about: KPMG India's Waman Parkhi
In this year’s Union Budget, finance minister Arun Jaitley set Transform, Energise and Clean India (TEC India) as the government agenda. To foster this agenda, the Budget has focused on agricultural, rural and infrastructural development, digital economy, among others.
Budget 2017: Auto sector eyes FM Arun Jaitley for booster shot
Indian automotive industry is one of the key drivers of economic growth—it accounts for 7.1% of national GDP. Strong backward-forward linkage and allowance of 100% FDI has attracted investment worth billions of dollars in the last few years. The Indian auto sector is ranked sixth-largest in the world, and is growing. Make-in-India, Automotive Mission Plan, and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) have been the key pillars of growth.
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