Sep 21, 2020-Monday

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Monday, Sep 21, 2020

Auto sector

Aug 30, 2019 12:28
Japanese carmaker Toyota Motor and South Korea’s Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters. read more
Aug 28, 2019 18:49
According to a press release issued by Toyota and Suzuki, Toyota plans to acquire 24,000,000 shares of common stock in Suzuki by underwriting the disposition of treasury shares by way of third-party allotment conducted by Suzuki. read more
Aug 26, 2019 14:17
The relief from depreciation will be substantial only for higher value vehicles such as passenger and commercial vehicles. Barring the increase in depreciation by an additional 15%, there are hardly any measures that will lower the cost of vehicle o... read more
Aug 25, 2019 22:37
Bittu’s remarks come two days after finance minister Nirmala Sitharaman announced a slew of measures to assuage the bleeding auto sector. read more
Aug 24, 2019 22:26
The Union government should also have focused on other sectors of economy, including real estate, steel industry and textiles, which are also facing a slump, say industry representatives. 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 21, 2019 19:43
Amid weakness in the auto sector, a sharp fall was seen in the Tata Motors stocks , it was trading 9.25 per cent lower at Rs 112 a share on the NSE before hitting its 52-week low of Rs 109.50 apiece. read more
Aug 13, 2019 11:34
The fall in car sales comes at a time when demand for consumer goods is falling and what is seen as a major sign of an economic slowdown in India. read more
Aug 11, 2019 11:07
The automotive component industry contributes 2.3 per cent to India’s gross domestic product (GDP), 25 per cent to its manufacturing GDP and provides employment to 50 lakh people. read more
Aug 08, 2019 19:03
India’s auto sector is facing a downturn, which experts say is the worst suffered by the industry, triggering massive job cuts and factory shutdowns. read more
Aug 07, 2019 22:29
These injuries would be preventable if companies install safety mechanisms in their machines, train workers to operate dangerous machines, provide safety gear, and stop long shifts, said the report, which suggests practical and achievable solutions as... read more
Aug 07, 2019 22:07
In more than 6 out of 10 cases, the injuries resulted in permanent incapacitation, rendering workers incapable of equivalent employment and growth, pushing their families into poverty, said a report by Safe In India Foundation that highlights the poor... read more
Aug 07, 2019 12:24
The cull has been so extensive that one senior industry source told Reuters that initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April. read more
Aug 04, 2019 12:38
The slump in India, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms and a push to develop electric cars. read more
Aug 03, 2019 02:12
Hit with recession in the automobile sector, Tata Motors has gone for block closure for the fourth time since last month – this time from Thursday to Saturday, besides Sunday being a holiday. Industries in and around Jamshedpur– particularly in Adityapur... read more