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Auto industry still struggles with fuel and interest costs

Last Updated: Saturday, August 02, 2014, 19:24

Despite relief from the central government by way of reduced excise duty, high fuel prices and interest costs dampened customer sentiments for the Indian automobile players, who closed last month with dismal sales figure.

VW reports profits jump on China growth, luxury brands

Last Updated: Thursday, July 31, 2014, 21:08

Volkswagen, Europe`s biggest auto group, on Thursday posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.

Nissan quarterly profit soars on strong China demand

Last Updated: Monday, July 28, 2014, 17:35

Nissan said Monday that its latest quarterly net profit soared 37 percent to USD1.1 billion, as strong demand in China and other key overseas markets offset weaker sales at home.

Auto production, sales in China dips to 4.4 percent in May

Last Updated: Tuesday, June 10, 2014, 22:28

The automobile production and sales in China has dropped 4.4 percent in May from April this year, marking the second month-on-month decline in a row in the world's biggest automobile market, an industry group said today.

Global auto component makers gear up for China''s tougher emission rules

Last Updated: Monday, June 09, 2014, 09:50

Global companies that specialise in making vehicle emissions cleaner are rushing to take advantage of Beijing`s war on pollution, as Chinese automakers look to comply with tougher regulations in the world`s biggest auto market.

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.