SEARCHED FOR:AUTO SLOWDOWN
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.
Hyundai sees silver lining in coronavirus pandemic as consumers opt for safe personal transportation
"At the same time, there might be some p...
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 ne...
Greaves Cotton mulls diversifying into multiple allied businesses amid auto slump
The company is also considering extending its know-how of being a component manufacturer to the domain of electric vehicles (EVs).
Volkswagen to reduce dealer-partners in India to 50
The company is, however, encouraging its existing dealer-partners to open more outlets to increase sales.
Tata Motors expects positive outcome from GST Council meeting Friday
The automobile industry has long been demanding lowering of GST on automobiles to 18 percent from the present 28 percent to boost demand.
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.
Honda considers restructuring manufacturing operation, as sales almost halve in four years
With annual plans likely to drop to almost 1 lakh units in FY20, Honda may move production from Greater Noida to the Rajasthan plant and sell the land acquired in Gujarat a few years back. The Greater Noida facility may turn into a R&D hub.
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.
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.
Suzuki President Toshihiro Suzuki says demand will recover in India shortly
Suzuki President's words hold much importance in the context of India, as automakers in the domestic market have been reeling under the worst slowdown in two decades. Suzuki owns 56.2% in the country’s largest car maker Maruti Suzuki.
Auto companies told to pay 28% GST on imported plastic
Carmakers now have to pay 28% GST on imported plastic goods such as ashtrays and floormats instead of 18%.
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 .
Cars getting expensive, unaffordable: Maruti chairman RC Bhargava
RC Bhargava refused to buy arguments that the present slowdown is related to “structural shifts”.