Govt may impose add. tax to restrict sale of diesel vehicles

15 Sep 2023 CW Team

The government is contemplating the imposition of additional taxes on diesel vehicles in an effort to discourage their sale unless automakers willingly transition away from this fuel source, according to Nitin Gadkari, the Minister of Road, Transport & Highways (MoRTH).

During his address at the 63rd Annual Convention of the Society of Indian Automobile Manufacturers (SIAM), Gadkari revealed his intention to propose a 10% additional Goods and Services Tax (GST) on vehicles powered by diesel. This move is aimed at curbing the use of diesel fuel in India's automotive sector.

Gadkari urged automobile manufacturers to reduce the production of diesel vehicles voluntarily, emphasizing that if such reductions do not occur, the government will resort to increasing taxes. He cautioned that these tax increases could potentially reach a level where selling diesel vehicles becomes considerably more challenging for manufacturers.

This proposed tax measure reflects the government's commitment to environmental sustainability and a shift toward cleaner and more sustainable transportation options. It sends a clear signal to the automotive industry to prioritize the development and production of vehicles that are more aligned with the country's environmental goals. The ultimate goal is to reduce the reliance on diesel fuel and promote cleaner and greener alternatives within the Indian automotive landscape.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..