SEARCHED FOR:AUTO SLOWDOWN
Don't see any case for investment in auto sector now: SIAM president Rajan Wadhera
Among the casualties of the current situation will be electric vehicles, where companies are no longer in a position to invest in the new technology and it would need government support for India not to miss the EV revolution, Wadhera said. He said after the lockdown relaxations automobile manufacturers have slowly started production but capacity utilisation remained very low.
India's auto sales volume will take 3-4 years to recover: Industry body
The pandemic-related disruption to the supply chain comes at a time w...
Automotive aftermarket spending to decline 11% in FY21: Crisil Research
Based on the analysis of 75 mega districts in the country, which acco...
Honda, Bajaj expect dip in sales, but keen to start operations
Both Honda and Bajaj are planning for a minimum of 20% decline as the best case scenario, if things were to get back to normalcy sooner rather than later.
Auto companies seek temporary tax cut to spur demand
As the auto industry stares at a record decline in sales this financial year due to the impact of the coronavirus pandemic, vehicle makers have urged the government to slash the goods and services tax temporarily to stimulate demand.
Government seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package
During a video conference with leaders of the auto industry, Heavy Industries and Public Enterprises Minister Prakash Javadekar asserted the government's support to the sector saying it has to be brought back "on the wheels" again considering its significance to the Indian economy.
Auto expo 2020: Slowdown looms
Several big names such as Toyota and Honda won't be participating in the biennial expo, which is being held at a time when industry is witnessing declining sales.
Motown, govt officials to brainstorm soon on slamming brakes on imports from China
Govt officials will soon meet executives of auto firms to prepare a road map aimed at localising production.
Automakers expect demand to pick up in festive season even as COVID-19 shadow looms large
The country's largest carmaker MSI has seen sales improve month-on-month from May till July, and expects offtake to remain robust during August as well.
Auto companies stare at bleak wholesale numbers in May
After zero sales in April, auto companies are going through a dull May.
Auto industry needs boosters to come out of slowdown: JK Tyres Chairman Raghupati Singhania
India’s automotive industry needs a series of boosters including an early announcement of the vehicle scrappage policy to come out of the slowdown, which was exacerbated by the coronavirus pandemic, JK Tyre & Industries chairman Raghupati Singhania said.
Passenger vehicle exports log marginal growth in 2019-20
Passenger vehicle exports saw a marginal rise during the last fiscal, with Hyundai leading the segment with dispatches to various global markets, as per the latest data by SIAM.
Global PEs, auto parts majors look to buy ZF’s stake in TVS JV
Even though TVS could buyout the partner, global private equity players, international and a select set of home-grown auto component players are expected to join the fray to grab a large piece of India’s largest privately held auto components company that clocked over Rs 5,000 crore in sales in FY19.
Kia Motors expects slight delay in new model launches due to coronavirus pandemic
Kia Motors India also expects to do better this year with its third model to be available although the auto industry is going through a rough ride due to a prolonged demand slowdown that started from last year coupled with the impact of the pandemic induced lockdown.
Bajaj Auto reports 31% drop in June sales
Domestic sales declined by 34 per cent at 1,51,189 units last month as compared to 2,29,225 units in June 2019, Bajaj Auto said in a regulatory filing.