2021: Motown to see steady pace in new year, may continue to see a lot of pent-up demand
The coronavirus pandemic has clearly established the role of private vehicles, edging out shared mobility in the process. Through a gradual recovery, the industry will get back to its original pre-Covid production by June 2021, say auto makers.
India can beat China in low-cost manufacturing if industry, govt work together: RC Bhargava
"India has the capability to become a lower cost ...
Why Maruti Suzuki is keeping views open on what will happen after December
Till December, the supply and demand are well matched. A GST cut c...
Pent-up demand drove sales in Q2: RC Bhargava, Maruti Suzuki
There is worry on the urban front as to how long the factor of pent-up demand and personal transport will continue, says RC Bhargava, Chairm...
Wary independent directors ringfence assets; transfer to trusts, kin
Several directors ET spoke to said they are consulting top lawyers to protect assets from personal liabilities. Scope of Section 212 of the Companies (Amendment) Act, 2019 has been expanded and the Centre may file an application before NCLT for holding ‘any director’ personally liable without any limitation of liability.
Government should try to bring down total purchase cost of vehicles, says RC Bhargava
Automakers through the industry body Society of Indian Automobile Manufacturers have already urged the government to temporarily cut the GST rates by 10 percentage points, he said.
Centre, states must lower car ownership cost: RC Bhargava
During the past three months, production has risen steadily but is well behind 2018-19 levels. Sales has increased monthly, but lags 2018-19. We expect steady progress as we go ahead. It’s a challenge to predict the situation after a few months, said Bhargava.
Must improve ease of business to be a global production hub: Industry captains
Disruption caused by the Covid-19 pandemic has thrown up opportunities for India to become a global manufacturing hub, though improving ease of doing business remains key to attracting global investors, industry captains said at the ET Global Townhall on
Right from 1950, we have followed wrong policies raising production cost: RC Bhargava
‘My view is that in India, our costs of production could be much lower.’
Maruti H2 sales may match year-earlier levels, FY22 may see growth: RC Bhargava
Bhargava made a fervent pitch for tax concessions from the central and state governments and said they should recognise the importance of supporting faster growth of the car industry as a means of reviving the economy and creating larger employment opportunities.
Not right time to seek GST rate cut on automobiles: RC Bhargava
The company, which has around 54 per cent market share in the domestic passenger vehicle segment, said that rate cut if any has to be considered at the right time.
Need to deal with labour issue with a long-term perspective: RC Bhargava
'You have to get right kind of worker with right kind of skills'
Need to address labour issues which are deeper, long-term: RC Bhargava
"Reforms in the Labour Laws are short-term, we need to address labour issues which are deeper and more long-term", says Maruti Corp Chairman...
Going by China's example, lower end of the market to revive faster: RC Bhargava
Maruti Suzuki India chairman says there are too many variables to give any kind of forecast or guidance.
Flight of migrant workers not to have much effect on Maruti: RC Bhargava
Maruti Suzuki Chairman on how the auto major is joining the fight against Covid-19.