Auto industry

Respite for Auto industry: Union Minister Prakash Javadekar hints at GST rate cut for vehicles

The Heavy Industries Minister also shared that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely "very soon".

Sep 04, 2020, 18:18 PM IST

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

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 key engineering export items from the country.

Sep 05, 2019, 12:41 PM IST

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 contribution to the country's GDP.

Sep 05, 2019, 12:38 PM IST

One million jobs may be on the line as Indian auto industry slows down

Passenger vehicle sales have fallen 18.4% in the first quarter and monthly passenger vehicle sales in June fell by the biggest margin in 18 years.

Jul 25, 2019, 17:51 PM IST

Union Budget 2018: Here is how helathcare, infra, realty, agri and auto industry reacted

The FM announced massive spending on rural and urban infrastructure as also lower tax rates for small and medium enterprises.

Feb 02, 2018, 13:54 PM IST

SIAM seeks cess exemption on 10-13 seater vehicles

After GST implementation, the government exempted compensation cess only on ambulances that can carry up to nine persons.

Sep 11, 2017, 18:39 PM IST

Auto makers demand ban on 15-year-old vehicles to cut pollution

The industry body urged the government to come up with a legislation to ban such old polluting vehicles across the country.

Sep 07, 2017, 12:01 PM IST

Auto Industry laments lack of incentives for eco-friendly vehicles

Auto industry Wednesday expressed disappointment over the lack of higher incentives for hybrid and electric vehicles, besides ignoring of suggestions for fleet modernisation scheme in the Budget.

Feb 01, 2017, 22:15 PM IST

Demonetisation: How it affects the car industry

Post demonetisation, used car dealers are reporting a dip in business of around 60 percent, while new car sales have dropped by nearly 40 percent.

Nov 25, 2016, 13:29 PM IST

Check out the top cars of September 2016

September 2016 has been a good month for the auto industry.

Oct 13, 2016, 11:09 AM IST

Diesel vehicles ban: Auto industry lost Rs 4,000 crore in 8 months

The Supreme Court, had earlier this month lifted the ban on the registration of such diesel vehicles with one percent environment cess.

Aug 30, 2016, 13:43 PM IST

Hiring in auto industry to remain under 5% in FY 2017

Hiring in automobile industry is expected to remain below 5 percent in the financial year 2017 when compared to 2016

May 21, 2016, 19:08 PM IST

Auto industry misses output target for FY16 by 18 %

Auto industry missed the target of producing 4.1 million passenger vehicles last fiscal under the Automotive Mission Plan 2006-16, although it exceeded the cumulative production target of 27.75 million units for the 10-year period by 1 percent.

Apr 10, 2016, 14:13 PM IST

Scientists find cause of Takata air bag explosions

Scientists hired by the auto industry have determined that multiple factors including moisture and high humidity can cause some Takata air bags to inflate with too much force and hurl shrapnel at drivers and passengers.

Feb 24, 2016, 14:49 PM IST

Hyundai, Kia see 2016 sales lagging auto industry growth

Hyundai and Kia are together the world`s fifth-largest automaker by sales.

Jan 04, 2016, 12:49 PM IST

SC decision on diesel vehicles isn't optimal: Auto industry

The industry players also called for a comprehensive view of various factors causing pollution to deal with the problem.

Dec 16, 2015, 16:15 PM IST

Car sales jump 10.39% in November! Find out which company sold most

For the 13th month in a row, domestic car sales in India rose with sales for the month of November crossing 10 percent.

Dec 11, 2015, 23:54 PM IST

'RBI status quo clears uncertainty, to help car buyers decide'

RBI keeping key interest rate unchanged will clear uncertainty and help car buyers firm up purchase decisions to cash in on year-end promotional offers, according to automobile industry players.

Dec 01, 2015, 19:49 PM IST

Two-wheeler sales may close 2-4% up this fiscal

The two-wheeler industry is likely to post a modest 2-4 percent volume growth this year but it is on course to reach 22-23 million units by 2017-18, rating agency ICRA said Thursday.

Nov 12, 2015, 18:57 PM IST