automobile sector
India's auto sales volume will take 3-4 years to recover: SIAM
“Production has been slow to pick up due to supply chain disruption and weak demand,” said Rajan Wadhera, president, SIAM
Vehicle registrations down 89% in May
For the first time, said FADA President Ashish Harsharaj Kale, the month of April witnessed zero retails
Carmakers tie-up with banks to offer low interest rate schemes to attract customers
So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over the past week
TVS Motor cuts staff salaries by up to 20% as sales plummet
There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior management level
Hero MotoCorp resumes retail operations; claims 10,000 sales in a week
Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-point
Auto stocks mostly higher on price hike announcements
Tata Motors' stock gained 7.11 per cent to Rs 169.40 on the BSE. In early trade, it was up 7.74 per cent at Rs 170.40.
Major automobile manufacturers report sharp decline in August sales
Maruti reported a 33 per cent drop in August sales at 1,06,413 units.
Auto gear shift
Siam also welcomed the assurance that a vehicle scrappage policy will be announced soon.
Why silent on job losses, economy, Priyanka asks Modi govt
The Congress leader's recent comments came at a time when the automobile sector is facing the steepest fall in nearly 19 years.
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
The temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted.