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China to extend tax rebate to reach clean-fuel auto goal

Bloomberg China is set to extend a 10 percent tax rebate to buyers of new energy autos as manufacturers from BMW AG to Tesla Inc. vie for a greater share of the world’s biggest market for clean-fuel cars, according to people with knowledge of the plan. The rebate was due to expire at the end of this year and will ...

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Mercedes sees bumper year in China, leaves Audi behind

Bloomberg Mercedes-Benz, edging past long-time China luxury-car market leader Audi, expects another 2018 to be another bumper year in the world’s biggest auto market as consumer appetite for high-end vehicles like the E-Class sedan shows no signs of slowing. “Significant double-digit growth” is expected for next year after a 28 percent jump in deliveries there this year through November, Hubertus ...

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India raises $131 million incentives to boost exports

Bloomberg India announced incentives worth $131 million as it seeks to double overseas shipments by 2020 amid slowing trade as well as help exporters tide over a chaotic roll out of the new sales tax. The increased benefits for exporters in labour-intensive businesses including textiles and farms is in addition to incentives worth 250 billion rupees already available to traders, ...

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