Auto sector

Auto Industry asks for faster implementation of scrappage policy, seeks incentives from Nitin Gadkari

Nitin Gadkari and the auto industry discussed the impact of COVID-19 on the sector and green shoots that are visible as far as sales in the month of October are concerned, sources said. 

Nov 03, 2020, 20:13 PM IST

Indian Auto Component Industry de-grows 11.7% in FY 2019-20, clocks turnover of Rs 3.49 lakh crore

Slowdown in the domestic market also reflected on imports of component into India.

Aug 19, 2020, 14:16 PM IST

Ashok Leyland records nil production, sales for the month of April 2020

The company had sold a total of 13,626 units in the domestic and export markets in April 2019, Ashok Leyland said in a statement.

May 05, 2020, 13:45 PM IST

FADA says vehicle registrations down 15% in December, puts hope on Budget 2020

Vehicle registrations in the country declined 15 per cent on a year-on-year basis to 16.06 lakh units after two months of positive growth, data from Federation of Automobile Dealers Associations (FADA) showed on Tuesday. FADA's statement said that it looks forward to demand spurring initiatives in the Union Budget 2020 and specific initiatives for the auto industry based on its feedback for the faster revival of much-needed sustainable growth.

Jan 22, 2020, 12:36 PM IST

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

GST Council to hold crucial meeting on Friday; auto sector unlikely to get any respite

Auto sector has demanded that the GST should be brought down to 18 percent from 28 percent to reverse the consumption slowdown.

Sep 19, 2019, 18:20 PM IST

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

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

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

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%

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

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

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

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

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

SBI extends credit period for auto dealers by 15-30 days

The auto sector is the worst-hit sector in the current slowdown and apart from huge inventory build-up, the companies are resorting to production shutdowns to cope up with poor sales.

Aug 19, 2019, 09:54 AM IST

Industry leaders meet FM as Auto sector witnesses major slump, 2 lakh job cuts in last 3 months

Automobile sector has posted the worst sales in two decades in the month of July with some top passenger car makers even plunging to their worst show in about two decades.

Aug 07, 2019, 16:21 PM IST

Maruti Suzuki cuts temporary jobs to cope with slowdown in auto sales

The vehicle industry, accounting for nearly half of India`s manufacturing output, is facing one of its worst slowdowns in nearly a decade, with vehicle sales falling rapidly. 

Aug 03, 2019, 07:17 AM IST