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Maruti, Hyundai, Mahindra lower prices after excise duty cut

Last Updated: Wednesday, February 19, 2014, 19:01

Finance Minister P Chidambaram proposed the excise duty cuts on February 17 "to give relief to the automobile industry, which is registering unprecedented negative growth."

Annual auto sales witness first decline in 11 years

Last Updated: Sunday, February 09, 2014, 11:47

According to the Society of Indian Automobile Industry (SIAM), domestic car sales last year fell to 18,07,011 units from 19,98,703 units in the previous year.

Annual auto sales witness first decline in 11 years

Last Updated: Thursday, January 09, 2014, 13:48

Annual car sales in India declined for the first time in 11 years in 2013, posting a 9.59 percent dip, as the auto industry reeled under a prolonged demand slump due to the economic slowdown.

'Capacity underutilisation to add margin pressure of auto cos'

Last Updated: Sunday, October 20, 2013, 12:02

Hit by muted demand, capacity utilisation of the Indian automobile industry has declined, as much as 50 percent in the passenger vehicles segment that will add to margin pressure of auto companies this year, says a report.

There is case for stimulus for automobile industry: Patel

Last Updated: Wednesday, September 04, 2013, 13:53

He was talking to reporters on the sidelines of the annual convention of SIAM.

Hiring slump in auto sector just a temporary phase: Experts

Last Updated: Sunday, August 11, 2013, 12:06

The automobile industry may be seeing a freeze in hiring activity and some firms even resorting to layoffs, but experts believe that all this is just a temporary phase and a revival in recruitments will occur as soon as the economy is back on high-growth path.

Now, Apple to build hi-tech dashboard for cars

Last Updated: Wednesday, July 24, 2013, 18:26

Software Corporation Apple's CEO has reportedly hinted at developing products for the automobile industry as a next step towards integrating its innovative technology into other devices after iWatch and television.

No immediate cut on automobile import tariff: Sri Lanka

Last Updated: Tuesday, December 18, 2012, 15:39

India had last week raised the issue in Colombo through its mission after the Commerce Ministry expressed concern over the hike in import tariff.

Nissan too plans to up prices from Jan

Last Updated: Thursday, December 13, 2012, 14:47

After the biggies, Nissan India today said it is planning to increase prices across all its vehicle models from January.

Auto sector may see job creation despite sales slump: Survey

Last Updated: Sunday, September 30, 2012, 11:01

The automobile industry is expected to see creations of new jobs in the coming months even as the sector is going through sales slump, according to a survey by job portal Naukri.Com.

Com Min asks auto sector to look at African markets for exports

Last Updated: Thursday, September 06, 2012, 21:06

The Commerce and Industry Ministry on Thursday asked the automobile industry to explore new markets in Africa and Asia to boost exports in the wake of demand slowdown in the western markets.

Indian automobile industry turnover $145 bn by 2016: Patel

Last Updated: Wednesday, September 05, 2012, 17:29

According to the minister, the growth of the industry has led the government to review targets set for the industry under the automotive mission plan 2006-16.