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Planning to buy a car? Now may be the best time as SBI, auto cos offer big deals

Ahead of festive season, almost all car companies including Maruti, Hyundai, Honda, Toyota, Mahindra are giving huge discounts on several models.

Incentives needed to turn around motown fortunes: Maruti Suzuki's RC Bhargava

Maruti Suzuki chairman says monsoon pickup has kindled hopes, asks banks to step up credit.

Dealers catch a break as car companies cut production

The stock with passenger vehicles (PV) dealers averaged between 25 and 30 days’ equivalent at the end of July as per FADA.

Inventory correction a respite passenger vehicles dealers even as sales continue to fall

The unsustainable cost of holding high inventory had led to as many as 300 dealerships going out of business in the 18 months leading to April 2019, ET had earlier reported.

Passenger vehicles retail sales fall 11 per cent in July: FADA

According to Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,74,772 units in July 2018.

Jostled by robots and new job-seekers, auto workers have to accept their insecure fate

Robots work alongside humans in many sectors, especially welding, casting and parts of the assembly.

If things don't improve, more job losses likely at dealer and supplier end: Pawan Goenka

"I believe some kind of subvention package will be required now for a real turnaround of the auto industry,"

Tata Motors expects double-digit decrease in sales: Vendors

The maker of the Harrier and Nexon SUVs, Prima range of trucks and Ace mini-trucks, however, expects this to be a temporary phase.

State Bank of India extends credit period of stressed auto dealers

The auto sector is facing its worst crisis in two decades and reports suggest thousands of job losses in the automobile and ancillary industry.

M&M says fiscal stimulus needed for India's auto industry

The local assembly cum manufacturing operations will lead to significant tax savings for Mahindra Ideal Lanka, which is hoping to price the KUV100 below 3.2 million Sri Lankan Rupee (INR 12.85 lakh).

Maruti seeks tax relief for hybrid, CNG cars

Maruti seeks tax relief for hybrid, CNG cars

Hybrid cars should be given duty cut. They're 30% more efficient & will help reduce oil imports, Bhargava said.

Cash-for-Clunkers: Auto industry bets big on scrappage policy

Cash-for-Clunkers: Auto industry bets big on scrappage policy

The industry has sought an 'End of Life' policy from the government as a measure to arrest falling sales.

Ashok Leyland employees continue stir; VRS & ESS schemes unveiled

Ashok Leyland employees continue stir; VRS & ESS schemes unveiled

The Union had demanded 10 per cent hike in bonus, while the management offered five per cent, which was not acceptable.

Mahindra partners Ideal Motors to locally assemble vehicles in Sri Lanka

Mahindra partners Ideal Motors to locally assemble vehicles in Sri Lanka

By local assembly cum manufacturing operation, Mahindra Ideal will save over 70% in taxes.

TVS Motor's Singapore arm invests $3.2 mn in analytics firm Predictronics

TVS Motor's Singapore arm invests $3.2 mn in analytics firm Predictronics

Investment from a company like TVS is key for a firm like Predictronics to guide, improve, and validate its technology, deployment strategy, business model and go-to market, Lapira added.

Auto industry may shed 500k jobs next quarter

Auto industry may shed 500k jobs next quarter

Tier II-III companies with a turnover of less than Rs 400 crore are bleeding the most.

AUTO NEWS STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Auto7040.581.351.170
Maruti Suzuki6190.95208.43.482198337
Bajaj Auto2742.9517.450.64537366
Pal-Peugeot Ltd.0000
Mahindra & Mahindra527.87.251.393175896
Punjab Tractors Ltd. (Merged)95.50013408
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