Kenya Vehicle Manufacturers announces resumption of Volkswagen cars assembly in Thika
The Kenya and Germany partnership renewal is expected to attract more investment and encourage other manufacturers to start local assembly in alignment with the government’s goal of developing the automotive sector under its industrialisation agenda.
India in massive reduction of taxes on small cars in line with PM Modi reforms, sending shares higher
Cars with higher engine capacity that currently attract 28 per cent GST and an additional levy of up to 22 per cent – resulting in total taxes of about 50 per cent – may come under a new special rate of 40 per cent, the source said.
