Aug 10, 2020-Monday

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Monday, Aug 10, 2020
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Auto industry

Sep 17, 2019 17:30
The Indian auto industry has been attributing the sales downturn to several factors like high GST (Goods and Services Tax) rates, farm distress, stagnant wages and liquidity constraints. read more
Sep 16, 2019 13:11
Love for the Beetle in Ethiopia goes back decades, and is rooted in both economics and nostalgia. read more
Sep 15, 2019 13:44
While data shows firms such as Uber and Ola are popular with younger consumers more comfortable with shared mobility and digital trends, analysts say the auto industry’s problems run deeper than that and it is facing more serious bumps in the road. read more
Sep 15, 2019 11:03
While data shows firms such as Uber and Ola are popular with younger consumers more comfortable with shared mobility and digital trends, analysts say the auto industry’s problems run deeper than that -- and it is facing more serious bumps in the road. read more
Sep 10, 2019 10:22
The auto industry suffered its worst-ever monthly sales performance in August. Passenger vehicle sales were down 31.57% year-on-year to 196,524 units in August, passenger car sales slipped to 41.09% to 115,957 units. read more
Sep 06, 2019 23:40
The Centre is also considering giving some relief to other sectors, especially in the unorganized segment, but a tight fiscal position may not allow it to go for a liberal rate cut across industries, the officials said. read more
Sep 05, 2019 12:49
Nitin Gadkari, who was addressing the annual meet of the Society of Indian Automobile Manufacturers (SIAM), said the government is considering a cut in the goods and services tax (GST) rate for hybrid vehicles. read more
Sep 04, 2019 16:09
Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales. read more
Sep 01, 2019 14:25
In the passenger vehicle segment, which includes utility vehicles, cars and vans, the company sold 13,507 units last month as compared to 19,758 vehicles in the same month of 2018, a drop of 32 per cent. read more
Aug 23, 2019 20:09
Finance minister announced measures to arrest a fall in demand for automobiles. Latest Federation of Automobile Dealers Associations (FADA) data reveals that overall retail sales in July had fallen by 6 per cent. read more
Aug 23, 2019 17:41
Addressing a press conference at the party headquarters, former Union Minister and senior Congress leader Manish Tewari, hit out at Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman over their silence on the economic slowdown. read more
Aug 23, 2019 17:36
Maruti Suzuki India is hopeful that revival in demand, specially from rural markets, and peak discounts along with new model launches will play a crucial role converting inquiries into real purchases. read more
Aug 20, 2019 22:54
While the festive season may be a good opportunity for automobile manufacturers to look forward for better sales, Kim said that with government help, recovery can happen within this year. read more
Aug 13, 2019 15:35
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles to car dealers plunged 30.9% to 200,790 in July, the ninth straight month of declines. read more
Jul 25, 2019 16:49
The slump in the auto sector, which accounts for nearly half of India’s manufacturing output, has been a major factor behind the slide in economic growth to a five-year low earlier this year read more