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Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 2:45 PM IST

Carmakers tie-up with banks to offer low interest rate schemes to attract customers. (Photo- PTI)

Carmakers tie-up with banks to offer low interest rate schemes to...

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over...

2 Jun 2020 4:16 PM IST

Maruti Suzuki India records 86% slump in May sales. (PTI Photo)

Maruti Suzuki India records 86% slump in May sales

Domestic sales declined by 88.93 percent to 13,888 units last month

1 Jun 2020 2:13 PM IST

Auto dealers seek higher sales margin, cost reduction measures amid Covid19 crisis. (AFP Photo)

Auto dealers seek higher sales margin, cost reduction measures amid...

Dealerships on an average are spending 85% of their gross revenues on costs and majority of that is on manpower,...

31 May 2020 12:09 PM IST

TVS Motor implements pay cuts for employees. (PTI Photo)

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...

26 May 2020 2:25 PM IST

Fiat India Automobiles, Tata Motors JV plant resumes operations at Ranjangaon. (DC Photo)

Fiat India Automobiles, Tata Motors JV plant resumes operations at...

The company implemented layers of protection, including cleaning, disinfecting and social distancing

19 May 2020 3:34 PM IST

Some auto companies resume production after profit slumps on weak demand. (PTI Photo)

Top auto companies resume production after profit slumps on weak...

Maruti Suzuki India reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth...

13 May 2020 5:09 PM IST

Ashok Leyland resumes production. (PTI Photo)

Ashok Leyland resumes production across India

The commercial vehicle major will be ensuring all the necessary health and safety protocols with regard to COVID-19 in...

13 May 2020 2:42 PM IST

Auto component industry likely to witness double-digit degrowth in FY21. (PTI Photo)

Auto component industry likely to witness double-digit degrowth in...

India exports around 12 percent of the total auto components to economies with reliance on crude oil such as Africa and...

13 May 2020 1:24 PM IST

Indias automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year. (PTI Photo)

India's automakers warn of up to 45% sales drop as economy slumps amid...

India's auto industry is already reeling, with sales of cars, trucks and motorbikes falling 18% last fiscal year to 21.5...

12 May 2020 10:42 AM IST

Hero MotoCorp resumes retail operations across 1,500 touch-points. (PTI Photo)

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

10 May 2020 4:35 PM IST

Automobile majors on Wednesday announced the resumption. (PTI Photo)

Some auto companies resume production, others prepare to restart...

Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict...

7 May 2020 3:48 PM IST