SEARCHED FOR:AUTO SLOWDOWN
Fall in GDP alarming; time for bureaucracy to take meaningful action: Raghuram Rajan
"The sharp decline in economic growth should alarm us all. The 23.9 per cent contraction in India (and the numbers will probably be worse when we get estimates of the damage in the informal sector) compares with a drop of 12.4 per cent in Italy and 9.5 per cent in the United States, two of the most COVID-19-affected advanced countries,"Rajan wrote in a post.
Tata faces $14 billion in auto debt and a slowdown in China
Tatas bought JLR in 2008 for $2.3 bn, and it’s lately become a drag on the salt-t...
Diwali gives struggling auto companies reason to cheer
Retail sales of passenger vehicles improved 13.9% in October over the preceding year, ...
Nirmala Sitharaman is 100% right: Maruti's Bhargava joins the millennial debate
The main issue to Bhargava's mind is of a structural kind — cars are not affordable for common buyer anymore.
Auto sector: What the numbers don't tell
Retail sales figures reflect actual purchases by buyers and there can often be a mismatch between the two sets of numbers, with wholesale not being a true representation of consumer sentiment.
Tata Motors is worth nothing without Jaguar Land Rover, says CLSA
The $3.7 billion auto company faces a significant increase in debt due to the Covid-19 crisis.
India's automakers warn of up to 45% sales drop as economy slumps amid pandemic
India's auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehicles due to an economic slowdown. The pandemic, which has seen businesses shuttered and people told to stay at home all over the world, is set to make things worse.
Honda Cars initiates VRS for Greater Noida plant workers
"The Voluntary Retirement Scheme has been offered to our manufacturing line associates which is a regular industry practice to increase efficiency and productivity in operations," a Honda Cars India Ltd (HCIL) spokesperson said when contacted over the issue.
Tractor volume set for 5-7% de-growth this fiscal: Report
In a recent report, rating agency Crisil has said tractor sales in the last fiscal stood at an all-time high of 8.78 lakh units.
Maruti cuts production for 7th straight month in August
The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, Maruti Suzuki India (MSI) said in a filing to the BSE on Monday.
Domestic auto sales may drop up to 25% this fiscal: MG Motor India
With the health crisis likely to peak in April-June period, the expectation is that sales in the quarter will decline by as much as 40-50 per cent.
Budget 2019: Auto industry rues lack of measures to help it come out of slowdown
The industry, while welcoming government's push to promote electric vehicles through various policy measures, also sought similar kind of incentives for other green technologies.
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,"
TVS Motor sales drop 55% in March
The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019, TVS Motor Company said in a statement.
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.