SEARCHED FOR:AUTO SLOWDOWN
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.
Slowdown in the auto sector one of the 15 considerations for RBI to cut repo rate
“Tractor and motorcycle sales – indicators of rural demand ...
Slowdown Saga: BS-VI to dent auto industry in FY21
However, industry insiders and analysts opined that the sector will receive a reprieve fro...
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.
Auto sales slowdown impact: Maruti Suzuki cuts temporary workforce by 6%
India's biggest automaker, Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in ve...
India auto production to shrink by 8.3 pc in 2020; coronavirus spread may hit supply chain: Fitch
In China, where the virus originated, automotive manufacturers have halted production in order to limit the congregation of people and reduce the exposure of its population to possible infection and "we see India adopting similar policies if the virus spreads throughout the country," it said.
Festive buys, new models help PV sales snap 11-month slide in October
PV sales rose marginally in Oct aided by festive season & introduction of new models in utility vehicle space.
Coronavirus outbreak crashes demand for JLR in China: Tata Motors
The drop in China sales was estimated to reduce JLR’s full-year earnings before interest and tax (EBIT) margin by about 1%, Tata Motors said in a statement on Friday. The demand is expected to be impacted in other markets where COVID-19 has spread to, Tata Motors said, citing South Korea, Japan, and Italy as examples.
Expect auto sales to pick up in third quarter of 2020: Toyota Kirloskar
The automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments. The overall wholesale of vehicles declined 13.77 per cent to 2,30,73,438 units as against 2,67,58,787 units in 2018.
Indian EV industry looks for a way around Covid-19
Most EV makers manufacture lithium-ion battery packs in-house but import the cells directly from large suppliers such as Samsung, LG, Panasonic and a slew of Chinese manufacturers due to a lack of manufacturing capacity in the country. Tata Motors, Bajaj Auto, TVS are evaluating options.
Trimmer auto expo to unveil 60 models
Automakers are set to launch and unveil around 60 vehicles at the biennial motor show in the country next year, down from over 80 products which debut at the expo in the last edition.
Auto-parts demand from China at pre-coronavirus level: Motherson Group
The recovery in China from the Covid-19 outbreak has been strong and a similar trend should emerge in other parts of the world, helping markets bounce back over the next couple of months, leading automotive component supplier Motherson Group vice chairman Laksh Vaaman Sehgal told ET.
Lamborghini sees double-digit sales growth in India in 2020
"We ended 2019 on a very positive note despite whatever challenges we are having in the market. We were aiming higher but due to various challenges we could not reach there," Lamborghini India Head Sharad Agarwal told .
2019 witnesses worst-ever decline in auto sales: SIAM
As per data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday, all vehicle segments reported de-growth last year as low consumer sentiments, weak rural demand and economic slowdown took toll on demand.
Three survivors and three casualties of 2019's great Indian auto crash
Car sales overall fell off the cliff. But some companies held steady while some others just crashed. Here’s the report card.