Brands
Jaguar I-Pace is European car of the year
MUMBAI: The all-electric Jaguar I-PACE has been voted ‘Car of the Year’ at the European Car of the Year Awards 2019. This is the first time a Jaguar has won the coveted prize.
The European Car of the Year jury comprises 60 motoring journalists from 23 countries, and the award recognises technical innovation, design, performance, efficiency and value for money.
Jaguar Land Rover chief executive officer Ralf Speth said: “For our first electric vehicle to also be the first Jaguar to win European Car of the Year gives us a huge sense of pride. I-PACE was designed and engineered in the UK from a clean sheet of paper. It is the most technologically advanced battery electric vehicle. It’s a true game-changer. Winning European Car of the Year is an honour and real recognition of what our world-class team has delivered.”
Designed and developed in the UK, the Jaguar I-PACE has had profound sales success globally, with more than 8,000 customer deliveries to date – 75 per cent of them in Europe.
Nothing else on the road looks or drives like the I-PACE. It is engineered to take full advantage of its electric powertrain and bespoke aluminium architecture, offering sports car performance and SUV practicality.
Charging is made easy for customers using the Jaguar public charging service, accessed via a dedicated app or using an RFID key. With tailor-made charging packages and tariffs compiled into a simple monthly bill, it gives I-PACE customers access to more than 85,000 charging points throughout Europe.
The I-PACE has received 55 awards worldwide since it was revealed a year ago, including German, Norwegian and UK Car of the Year, BBC TopGear magazine EV of the Year, China Green Car of the Year, and Autobest’s ECOBEST Award.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
