Automobile industry

China’s Great Wall Motors sets eyes on breaking into fortress India

The influx of new automobile majors from China are also set to boost foreign direct investment flows into the sector, which has been relatively stagnant over the past few financial years.

published on : 12th November 2019

Auto firms set for a downhill stride in Q2

July-September is expected to be one of the worst quarters in a decade with pressure across segments, as OEMs focused on inventory reduction.

published on : 11th October 2019

Auto industry has to find its own balance to enhance demand: SIAM

The industry has to find its own balance to enhance demand, he added. The GST Council, which met in Goa on Friday, did not cut tax rates on automobiles.

published on : 21st September 2019

Gujarat-based Atul Auto shifts focus to exports to beat crisis

Atul Auto is not the only player. Players like Piaggio, Bajaj auto are also banking on the exports of domestic vehicles in European, Asian and African markets.

published on : 17th September 2019

Yes, it’s cabs over own cars for millennials

But youth refuse to take blame for slump in auto sector, call it an absurd correlation.

published on : 14th September 2019

Auto firms shift focus to exports to beat crisis

Union Road Transport Minister Nitin Gadkari has even hinted that the government is looking at providing incentives for automobile exports.

published on : 13th September 2019

Government will soon announce new vehicle scrappage policy, says Gadkari

A scrappage policy is a government-budgeted programme to promote the replacement of old vehicles with new ones.

published on : 12th September 2019

Difficult road ahead for automobile industry with BS-VI norms: SIAM

The industry expects further sales slowdown once BS-VI norms are implemented. These norms are expected to ramp up prices and further dent consumer sentiments.

published on : 4th September 2019

Auto industry seeks immediate policy steps as sales continue to plummet

On Sunday, major companies such as Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda reported a high double-digit de-growth in their sales in August.

published on : 2nd September 2019

GST rate cut can help revive growth in auto industry: Hyundai

While the festive season may be a good opportunity for automobile manufacturers to look forward for better sales, Kim said that with government help, recovery can happen within this year.

published on : 20th August 2019

Country facing financial emergency-like situation: Congress

Congress spokesperson Abhishek Singhvi accused the BJP of diverting the people's attention from its failures.

published on : 18th August 2019

Centre working on packages to revive automobile sector

Centre will try to get the GST Council to agree to rationalize GST on auto components, besides working out ways to reduce automobile loans to pep up demand for the sector. 

published on : 16th August 2019

Lucas-TVS declares non-working days for employees amid industry slowdown 

According to the notification posted by the company's office here, Lucas TVS had already announced non-working days last month.

published on : 16th August 2019

Auto stocks tumble up to 9 per cent as sales in India see sharpest fall in 19 years in July

The previous biggest decline across overall domestic automobile sales was recorded in December 2000, when it fell 21.81 per cent.

published on : 13th August 2019

Auto sales in India sees sharpest fall 19 years in July; 15,000 workers lose jobs

The previous biggest decline across overall domestic automobile sales was recorded in December 2000 when it fell 21.81 per cent.

published on : 13th August 2019
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