SEARCHED FOR:AUTO SLOWDOWN
Passenger vehicle downward cycle bottoming out: Maruti Chairman
Bhargava said the slowdown, triggered by the non-banking lending crisis, will ease out to some extent with banks relaxing lending norms in the past few weeks.
Hit by slowdown, Maruti Suzuki to operate only one shift at all plants
The carmaker that sells one in two cars running in India might slash o...
Auto sector: What the numbers don't tell
Retail sales figures reflect actual purchases by buyers and there can often be a mismatch between th...
State governments need to realise their role in promoting manufacturing in auto sector: RC Bhargava
The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product (GDP).
Nirmala Sitharaman is 100% right: Maruti's Bhargava joins the millennial debate
The main issue to Bhargava's mind is of a structural kind — cars are not affordable for common buyer anymore.
Auto slowdown: Rajiv Bajaj for GST cut closer to BS-VI, Pawan Goenka wants it now
While automobile industry clamours for a cut in GST, differences have now arisen over when it should be done.
No investment, no demand, will growth fall from heavens, Rahul Bajaj asks govt
"Like any government they would like to show a happy face, but reality is reality," Bajaj said.
Covid-19 break messes up automakers BS6 pricing strategy
Companies like Toyota, which started selling BS6 models January onwards decided not to pass on the entire BS6 price increase to customers as buying confidence was already low. For a diesel vehicle which entailed a price hike of Rs 1.5 lakh for a BS6 model, manufacturers have increased cost only up to Rs 80,000 for customers and absorbed the remaining cost of Rs 70,000 themselves.
Three year old Amtek Auto case nears completion
The three year old case for the resolution of bankrupt Amtek Auto could finally see completion this week after the Supreme Court (SC) refused to give more time for US based hedge fund Deccan Value Investors LP (DVIL) to assess the impact of the economic contraction caused by the Covid-19 virus.
Covid-19, BS-VI transition take toll on automobile wholesale in March
The country’s largest two-wheeler maker Hero MotoCorp reported a 42% drop in sales during the month to 334,647 units of motorcycles and scooters. The company was already under pressure due to excess BS-IV inventory in the system, which it had to sell before 31 March. Production was further curtailed due to plant closures because of the nation-wide lockdown.
Tractor volume set for 5-7% de-growth this fiscal: Report
In a recent report, rating agency Crisil has said tractor sales in the last fiscal stood at an all-time high of 8.78 lakh units.
Tata faces $14 billion in auto debt and a slowdown in China
Tatas bought JLR in 2008 for $2.3 bn, and it’s lately become a drag on the salt-to-software conglomerate.
Maruti cuts production for 7th straight month in August
The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, Maruti Suzuki India (MSI) said in a filing to the BSE on Monday.
Tata Motors eyes market out performance in FY-21, a dozen product launches in two quarters to drive volumes
In a market where passenger vehicle sales shrank 18% since the fiscal year started in April, Tata Motors’ sales fell 25-30%, as it reduced dispatches to dealerships to help clear inventory at their end as the industry negotiated a slowdown and ahead of the transition to the Bharat Stage-VI emission standards.
Growth slowdown, coronavirus & BS-VI to rule out quick recovery in auto sector
Improvement seen in December quarter driven by festive discounts is unlikely to sustain, says Fitch.