SEARCHED FOR:AUTO SLOWDOWN
Chinese rescue auto expo, book 20% space
With a large number of manufacturers giving this edition of Auto Expo 2020 a miss, including top names such as BMW, Audi, Jaguar etc. the biennial event has literally been rescued by the Chinese makers who have booked over 20% of the total 40,000 sq meters at hand.
Auto slump likely to hit Amtek resolution
Amtek Auto owes more than Rs 12,000 crore to lenders and was admitted for insolvency resolution in ...
Fasten your seat belts: Big auto slowdown sale is here
Rebates for PVs are now as high as 29% while truckmakers are further pushing up the me...
Auto component suppliers may derail companies’ plan to restart output
While some automakers have already placed product planning orders with suppliers, availability of parts could become a challenge.
No confirmed data available on auto industry job losses: Prakash Javadekar
Prakash Javadekar informed the House that 17.1 million vehicles (all categories) were sold during April–December, 2019 as against 20.3 million vehicles sold during the same period in 2018. "Retrenchment of temporary workforce has been reported by the industry. However, no confirmed data on job loss is available with the Government," the minister said.
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.
July auto slump worst in 20 years
At current monthly sales, FY20 passenger vehicle sales may fall to around FY15 levels
Slowdown-hit auto companies get tech-ready for turn of tide
The modern shop floor is undergoing immense change in terms of enhanced focus on ‘smart factory’.
Auto sales at 20-year nadir in 2019: SIAM
In passenger vehicles, an easing in the pace of decline in December, though on a low base, and an improvement in the rolling average in the last three months of the year led the industry to suggest that the worst may be over.
Over 200 Chinese exhibitors to participate in auto component show: ACMA
"This time the number of exhibitors has gone up by 25 per cent as compared with the previous edition in 2018. We expect that over 1 lakh business visitors would be coming to the show," Jain told reporters here. When asked about participation of Chinese companies in the biennial event, he added that there would be around 200 exhibitors from the neighbouring country.
Leaders fall the most in auto Inc’s worst dip in 2 decades
H1 PV sales estimated to have fallen over 25% , CV sales 20% and 2-wheelers by over 15%.
Gulf Oil expects reforms to boost auto sector in Budget
"We hope to see a robust implementation of the auto scrappage policy. We hope the government continues its thrust on infrastructure to strengthen and propel us forward on the path to higher growth once more," Gulf Oil MD said. In 2019, the auto industry recorded its worst-ever sales decline in two decades, with an unprecedented slowdown hampering vehicle offtake.
Goa cuts road tax on new vehicle purchase for Oct-Dec period
Chief Minister Pramod Sawant said the Cabinet has given its nod to reduce the road tax by 50 per cent on purchase of any type of new vehicle till December 31, 2019.
Hyundai sees silver lining in coronavirus pandemic as consumers opt for safe personal transportation
"At the same time, there might be some positive, green area from automotive manufacturers' perspective.Everybody wants to have a safe place, some kind of social isolation.
Vehicle retail declined 90% in May, continues to remain low in June
Sales dipped 88.9% across categories to over 200,000 units as against 1.8 million units in May 2019, data shows.