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SIAM asks govt to continue low excise, give export incentives

Last Updated: Tuesday, June 17, 2014, 19:13

In the interim Budget, excise duty on small cars, scooters, motorcycles and commercial vehicles were cut to 8 percent from 12 percent earlier.

CCI closes case against Hyundai Company, three dealers

Last Updated: Thursday, May 29, 2014, 21:30

The Competition Commission has closed a case against auto maker Hyundai Motor Company and three dealers as it did not find sufficient evidence to prove cartelisation.

Excise duty cut to boost auto sector growth, create jobs

Last Updated: Monday, February 17, 2014, 18:02

Hailing the announcement of excise duty reduction for automobile sector, Commerce Minister Anand Sharma and Heavy Industries Minister Praful Patel Monday said the move would boost the growth of the sagging industry and generate employment.

Duty concession for auto, capital goods, consumer non-durables

Last Updated: Monday, February 17, 2014, 13:51

In a bid to provide a fillip to the manufacturing sector, the government on Monday reduced excise duty on cars and commercial vehicles and slashed it on a host of capital goods and consumer non-durables till June 30.

Five most anticipated car launches in India 2014

Last Updated: Thursday, January 02, 2014, 14:44

A slew of cars and SUVs are scheduled for launch in India this year. Here's looking at five most anticipated car launches of 2014.

GM to hike vehicle prices by up to Rs 10,000 from January

Last Updated: Friday, December 20, 2013, 12:44

General Motors India on Friday said it will hike prices of its entire range of vehicles by up to Rs 10,000 from next month in order to partially offset impact of rising input costs.

Automobile sector: A look-back at the major highlights

Last Updated: Thursday, December 19, 2013, 12:04

A drive through a long endless dark tunnel best describes the journey of India's auto sector in 2013.

Indian passenger vehicle demand to remain weak: Fitch

Last Updated: Friday, November 15, 2013, 09:55

Fitch Ratings expects demand for passenger vehicles in India to remain weak through the first half of 2014 because of high interest rates and weak consumer sentiment.

Economic slowdown adversely affecting auto industry: Experts

Last Updated: Saturday, October 05, 2013, 18:54

India and Indonesia have been hit worst by capital outflows from emerging economies.

High rates, prices push back hopes of auto sales recovery

Last Updated: Tuesday, October 01, 2013, 16:37

Automakers have pinned their hopes on strong demand during the key festive months between September and December, considered to be auspicious by Indians for making big-ticket purchases.

RBI pours cold water on auto makers' festive season hopes

Last Updated: Friday, September 20, 2013, 16:06

Already reeling under a demand slump, automobile manufacturers have expressed disappointment over the RBI's decision to hike short term lending rate saying it is likely to impact the interest rates on car and automobile loans further.

Sona Koyo Steering Systems looks at increasing exports to US

Last Updated: Thursday, September 05, 2013, 13:50

With domestic demand on a slump, auto component major Sona Koyo Steering Systems on Thursday said it is looking to increase exports, mainly to the US to cash in on rupee depreciation.