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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.

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.

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.

Patel to take up stimulus package for auto sector with PM

Last Updated: Wednesday, July 24, 2013, 19:02

Stressing upon the need to take immediate steps for arresting the decline in auto sales, Heavy Industries Ministry has said it will soon take up the issue with the Prime Minister and seek stimulus package to revive the sector.

India Ratings projects stable outlook for auto sector

Last Updated: Tuesday, January 08, 2013, 21:25

Projecting a stable outlook for the domestic auto sector this year, ratings agency India Ratings Tuesday said it expects a muted growth in both passenger and commercial vehicles segments due to structural weaknesses and over-capacity among other factors.

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.

CMIE lowers auto production forecast to 9.6%

Last Updated: Monday, July 16, 2012, 22:40

The Centre for Monitoring Indian Economy (CMIE) has lowered its automobile production forecast by a percentage point to 9.6 percent for this fiscal on account of a persistent higher interest rate regime, hike in taxes and the resultant increase in vehicle prices besides an overall gloomy domestic economic climate.

CMIE lowers auto production forecast to 9.6%

Last Updated: Monday, July 16, 2012, 22:40

The Centre for Monitoring Indian Economy (CMIE) has lowered its automobile production forecast by a percentage point to 9.6 percent for this fiscal on account of a persistent higher interest rate regime, hike in taxes and the resultant increase in vehicle prices besides an overall gloomy domestic economic climate.