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India's September passenger vehicle sales dive 24% as slowdown persists

India's September passenger vehicle sales dive 24% as slowdown persists

Passenger vehicle sales dropped to 223,317 units in September, the Society of Indian Automobile Manufacturers (SIAM) data showed, while passenger car sales dived 33.4% to 131,281 units.

Oct 11, 2019, 12:09 PM IST
Maruti Suzuki launches S-Presso SUV at Rs 3.69 lakh

Maruti Suzuki launches S-Presso SUV at Rs 3.69 lakh

Maruti Suzuki S-Presso is powered by a 1 litre petrol engine which is BS VI compliant and it will be exported to the whole world.

Sep 30, 2019, 12:36 PM IST
Maruti Suzuki reduces Baleno RS prices by Rs 1 lakh

Maruti Suzuki reduces Baleno RS prices by Rs 1 lakh

The Baleno RS is now priced at Rs 7.88 lakh after the discount. On Wednesday, following the announcement of reduction in corporate taxes by Finance Minister Nirmala Sitharaman, Maruti Suzuki had

Sep 28, 2019, 08:07 AM IST
Maruti Suzuki cuts price of select models by Rs 5,000 to revive demand

Maruti Suzuki cuts price of select models by Rs 5,000 to revive demand

Welcoming the government`s initiative to revive demand in the automobile industry, Maruti Suzuki India on Wednesday announced to proactively and voluntarily share the benefits of corporate tax

Sep 25, 2019, 12:19 PM IST
Cabinet to soon decide on vehicle scrappage policy: Sources

Cabinet to soon decide on vehicle scrappage policy: Sources

The new Scrappage policy aims at discontinuation of 15 year old Petrol vehicles and 10 year old  diesel vehicles from operating on the roads.

Sep 23, 2019, 17:11 PM IST
KTM 790 Duke 799 cc bike launched in India at Rs 8.63 lakh

KTM 790 Duke 799 cc bike launched in India at Rs 8.63 lakh

The 799 cc bike produces a maximum power of 103 hp and torque of 87 Nm. The bike is powered by a 2-cylinder, 4-stroke, parallel twin engine.

Sep 23, 2019, 14:57 PM IST
Maruti Suzuki rolls out 1 millionth car for export from Gujarat’s Mundra Port

Maruti Suzuki rolls out 1 millionth car for export from Gujarat’s Mundra Port

With shipments to more than 125 countries, the cumulative exports crossed over 1.8 million units, Maruti Suzuki India said.

Sep 19, 2019, 14:14 PM IST
Mahindra to observe no production days for upto 17 days in second quarter

Mahindra to observe no production days for upto 17 days in second quarter

Mahindra and Mahindra said that as part of aligning its production with sales requirements, it would be observing No Production Days during the second quarter of the Financial Year 2019-2020.

Sep 16, 2019, 13:06 PM IST
India will become an auto manufacturing hub in next 5-6 years: Nitin Gadkari

India will become an auto manufacturing hub in next 5-6 years: Nitin Gadkari

Gadkari also said that that he has discussed the issue of GST reduction on automobiles with the Finance Ministry.

Sep 11, 2019, 13:31 PM IST
Uber, Ola, metro trains, BS VI responsible for auto sector slowdown: Finance Minister Nirmala Sitharaman

Uber, Ola, metro trains, BS VI responsible for auto sector slowdown: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman also responded to a plethora of questions ranging from the slump in the economy to the slowdown in the automobile sector, among other political issues.

Sep 10, 2019, 19:06 PM IST
IRDAI mulls idea to link your insurance premium to traffic violations

IRDAI mulls idea to link your insurance premium to traffic violations

A High Powered committee has requested IRDAI to examine the establishing of a system of linking of motor insurance premium with traffic violations.

Sep 09, 2019, 17:02 PM IST
Ashok Leyland to observe non-working days in 7 plants amidst weak demand

Ashok Leyland to observe non-working days in 7 plants amidst weak demand

Ashok Leyland will observe 16 non-working in Ennore, 5 non-working days in Hosur 1,2 and CPPS, 10 non-working days in Alwar, 10 non-working days in Bhandara and 18 non-working days in Pantnagar.

Sep 09, 2019, 12:55 PM IST
Reverse Gear: August auto sales slump 23.55%

Reverse Gear: August auto sales slump 23.55%

The industry which is suffering from high GST rate and lack of adequate liquidity had recorded a slump of 18.71 per cent in July, the highest monthly sales de-growth in the last 19 years.

Sep 09, 2019, 12:26 PM IST
Escorts announces India's first hybrid concept tractor

Escorts announces India's first hybrid concept tractor

Escorts claims that the hybrid tractor can be an eco-friendly and cost-effective option with power of 70HP to 75 HP, maxing out at 90HP with the hybridization option. 

Sep 07, 2019, 14:59 PM IST
Centre may raise auto sector's plea at GST Council

Centre may raise auto sector's plea at GST Council

The industry has demanded that the GST should be brought down to 18 per cent to reverse the consumption slowdown.

Sep 06, 2019, 18:13 PM IST
Auto sector slowdown may wipe out a million jobs: SIAM

Auto sector slowdown may wipe out a million jobs: SIAM

The slowdown has forced the value-chain operators across the automobile industry to reduce production and downsize workforce.

Sep 06, 2019, 13:29 PM IST
Auto sector growth story nears end: Tata Motors CEO

Auto sector growth story nears end: Tata Motors CEO

Lately, all major OEMs, comprising passenger, commercial, two- and three-wheeler manufacturers, have reported huge decline in domestic sales.

Sep 06, 2019, 13:27 PM IST
Centre sensitive to slowdown in auto sector: Maruti CEO

Centre sensitive to slowdown in auto sector: Maruti CEO

According to Maruti Suzuki Chief Executive Kenichi Ayukawa, the government is sensitive to the implications of the auto sector slowdown and is taking steps to reverse it.

Sep 05, 2019, 14:38 PM IST
Double whammy for auto sector as July exports dip

Double whammy for auto sector as July exports dip

According to the Engineering Export Promotion Council (EEPC) of India analysis, the export market for auto manufacturers, along with their component vendors, has been depressed, in-sync with other

Sep 05, 2019, 12:41 PM IST
Auto industry value chain pins hopes on healthy festive sales

Auto industry value chain pins hopes on healthy festive sales

The automobile industry value chain includes parts manufacturers, OEMs, dealerships and workshops. The entire value chain is one of the largest employers in the country and has a substantial

Sep 05, 2019, 12:38 PM IST