SEARCHED FOR:AUTO SLOWDOWN
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.
Passenger vehicle exports log marginal growth in 2019-20
Passenger vehicle exports saw a marginal rise during the last fiscal, with Hyundai l...
Parliamentary panel suggests lower GST rate for auto sector
Amid slowdown in the sector, the committee, among other things, recommended to ei...
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.
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.
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.
Automobile sales down 19.08%; economic slowdown, BS-VI transition take toll
Automobile sales in India across categories declined 19.08 per cent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms affecting wholesale dispatches, auto industry body SIAM said on Friday.
Auto industry capex falls by a staggering Rs 26,000 crore in FY20
Auto makers including TVS and Ceat have announced capex cuts. Ceat has announced a 33% or Rs 250-crore cut in capex to Rs 500 crore, while TVS Motor has announced a capex of Rs 300 crore down 58% from the Rs 719 crore spent last year. Others like Hero MotoCorp have announced they will defer capacity expansion and other investment plans.
Wait out on auto stocks, insurers; look at cement, Indian FMCG
Our strategy for playing the FMCG stocks is to look more for Indian companies, and of course, Tata Consumer is on that list.
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.
GST relaxation, scrappage policy needed to lift Auto Inc: Soumitra Bhattacharya, MD, Bosch
This year, we are looking at two million units. HCV (heavy commercial vehicles) was 500,000 units, and now we are looking at a maximum of 200,000 units. Two-wheelers were at 25 million units and now we are looking at 12-13 million units. These are all ballpark numbers, but they are substantially lower.
Bosch to cut thousands of jobs in India as auto sales slump
In India, Bosch expects auto sales to only recover in the next two-three years after plummeting in 2019 because of regulatory changes, threat of electrification, a liquidity crunch and an economic slowdown.
Auto sales data debate: The changing ways of declaring numbers
Tata Motors, the nation’s largest vehicle manufacturer by revenue, has announced it will declare its sales numbers once every quarter instead of every month as is the practice now.
Car sales dipped 8% last month compared to Jan 2019: SIAM
The slowdown continues to haunt the Auto sector as low demand drags the 2-wheeler and the commercial vehicles space. SIAM data shows that 2-...
Tata Motors expects limited volume hit in domestic biz due to coronavirus
Tata Motors on Friday said it expects limited volume loss in its domestic business during the January-March 2020 period due to disruption of supply chain from China owing to the coronavirus outbreak.