automobile industry

Government looking at GST rate cut for automobile sector

Javadekar also added that the government will also make an announcement on the long pending scrappage policy soon.

published on : 5th September 2020

Hyundai remains cautiously optimistic about upcoming festive season amid COVID-19 pandemic

But at the same time there is the pandemic situation, and so how long this ongoing pent-up demand would sustain is a big question, he added.

published on : 30th August 2020

No China like 'V shaped' recovery for Indian car industry, says report

The ICRA estimates domestic demand to decline by 22 per cent to 25 per cent in FY2021 as multiple lockdown extensions have a direct bearing on the economic environment and consumer sentiments

published on : 14th July 2020

Auto sales likely to see sequential growth in next 2 months: Report

At the end of the June many companies indicated utilisation touching 70-90 per cent of pre-COVID level.

published on : 2nd July 2020

Indian auto component industry aims to cut dependence on Chinese imports: ACMA

The auto industry in India has started to de-risk itself and is working on deep-localisation, he said, adding that the recent standoff between India and China will only hasten the process.

published on : 24th June 2020

M&M’s Q4 losses swell to Rs 3,255 crore, Eicher Motors’ profit plunges 44 per cent

It is also re-examining its outlook for other international subsidiaries and joint ventures.

published on : 13th June 2020

Auto industry may cut R&D spending, exit unprofitable segments due to COVID-19: Deloitte

The reduction in research and development activities may impact progress made in the alternative fuel technologies till now, the report noted.

published on : 3rd May 2020

Government seeks suggestions from auto industry for resource mop-up; sector demands financial package

'This industry is very important for India and we have to bring it back on the wheels,' Javadekar said after the video conference with the industry leaders.

published on : 30th April 2020

Auto sales continue to dive, coronavirus may impact production

For February, Mahindra & Mahindra reported a steep 42 per cent fall in total sales year-on-year, at 32,476 units compared to 56,005 last year.

published on : 2nd March 2020

Indian auto industry apprehensive over coronavirus impact on supply from China: SIAM

SIAM Director General Rajesh Menon it was too early to assess how much of components come from China would see disruption.

published on : 10th February 2020

No stopping the advance of new technologies

The world now accepts that electricity will be the motive power of the future, but fear that their very efficiency will result in great unemployment.

published on : 28th January 2020

Auto ancillaries sector to record de-growth in FY20

Net sales of the tyres and allied industry witnessed a growth of 2.5 per cent in Q1 FY20 as against a growth of about 10.6 per cent in Q1 FY19.

published on : 14th January 2020

Auto industry yet to submit study to NITI Aayog on EV transition

Hero MotoCorp, Bajaj Auto, TVS and Honda Motorcycles have opposed the Niti Aayog's plan to push for 100 per cent electric vehicles.

published on : 2nd January 2020

Auto industry drives into 2020 with hope after a forgettable 2019

From two-wheelers to cars and heavy-duty trucks, all segments of the sector were in the red.

published on : 27th December 2019
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