Same car, but cheaper when "Made in USA" causing Toyota Kirloskar plant temporarily getting shut
Why Toyota Camry SE fully automatic petrol sedan, retailed at about 64% the cost of the same when 'made in India' - a Rs.29 lakhs car there, here costing Rs.45 lakhs?Ok, you get additionally the hybrid version thereof in India, 28% GST + 15% cess, and a right hand drive car! Additionally car loans available there at 6% interest! How the automobile industry manages this? Governmental levies vis-a-vis company's profitability, what drives what? Toyota's diesel vehicles, Innova, however continued, howsoever polluting! Different matter that the SUV now has gone hybrid. Same Japanese enterprise, takeaways different. Any lessons? more
Present Govt. is only eyeing on revenue generation without bothering customer's benefit & advantage. Why someone will buy a car with an extra cost? In a competitive market environment, price & quality including features are very important and everyone keeps watchful eye on an individual's interest first. Such attitude is slowly turning India to a trading centre now instead of manufacturing hub. more
True, taxes in India really add up. As an afterthought, tactically, then a thoughtless policy introduced of scrapping cars, truly behaving like an over-rich nation. Any wonder that more people buying heavier SUVs than the comparatively fuel-efficient sedans and hatchbacks combined, the only trend US has in common with India. Taxpaying buyer's decisions follow government's fiscal incentives. Only saving grace is India's shifting directly after Bharat IV to the cleanest VI engines skipping the intervening V, hastening the steps towards controlling air pollution. more
Cars in India are more expensive than in most other countries … and then the government goes and makes a stupid thoughtless baseless decision in the NCR of scrapping cars and imposing bans without studying the real truth and actual reasons behind the pollution problem … behaving like an over rich nation and causing immense financial losses all around to the poor citizens … and not even refunding the citizens of the taxes they had paid at the time of purchase … ridiculously … the only victim of this whole exercise has been the poor hardworking taxpayer more
The taxes in India add to the cost. Also Toyota never pushed their luxury lines like Lexus in India. Lexus is very popular in the US and is moderately priced. more
Most important is indexation on real estate/property is gone with this budget. Now if you bought a property in 2004 for 25 lacs and plan to sell the same now. earlier you would have got benefit of ...
1)India's inflation continues to be stable and moving towards 4 pc target; core inflation stands at 3.1 pc. 2)India's economic growth continues to shine. Global economy is still in the grip of...
Today's Economic Survey has spoken some very harsh truths. I'm not only talking about stock market speculation. It says 50% of Indian graduates are not employable 65% of peopl...
Yesterday a friend’s relative in Auranagabad died in the gym while exercising. Sudden death due to heart attack. (Attached video) LocalCircles i remember had raised this issue in D...
Indian banking system is a loot and print media is hand in gloves. They dont write about issues people face. Here is a first hand experience: Wanted my SBI savings acc statem...
Earlier pre Covid I remember LC Manager used to do budget surveys which would then be escalated to Finance Minister. Why has LocalCircles stopped this exercise? We as people should deman...
Excellent work LC Manager on escalating this call connection and drop issue. Most amazing thing is Govt let them increase tariff without any accountability.
Our print media has become totally spineless. Despite all the 3 telcos increasing mobile tariffs one by one within 2-3 days, none of our business or general papers were able to show some guts and q...
Here is What is wrong with this country -The PM meets youtubers, billionaires,cricketers but not the victims of various tragedies and scams. - People were seen carrying dead b...