Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict safety guidelines
07 May 2020 3:48 PM
Before the outbreak, the Indian auto sector was already suffering from a prolonged slump
07 Apr 2020 12:36 PM
To kickstart demand the government needs to put more money in the hands of the consumer to buy automotive products.
02 Feb 2020 7:27 AM
Two wheelers and three wheelers, were expected to decline by 6-7 pc this fiscal as compared with 2018-19 to around 25 million units.
31 Oct 2019 3:15 PM
August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.
24 Sep 2019 10:35 AM
Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.
18 Sep 2019 8:58 AM
Sales of commercial vehicles and two wheelers have narrowed down to 7.4 per cent and 0.3 per cent month-on-month.
14 Sep 2019 11:25 AM
Gadkari, known for his astute business skills, said his ministry along with finance is charting out way to uplift automobile industry.
12 Sep 2019 1:06 PM
Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in automobile industry.
12 Sep 2019 10:58 AM
Sales of commercial vehicles were down 38.71 per cent to 51,897 units in August.
09 Sep 2019 11:59 AM
According to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers.
05 Sep 2019 9:40 AM
Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.
29 Aug 2019 1:32 PM
Better cost economics of recycled aluminium has supported its consumption in India.
28 Aug 2019 2:49 AM
Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting production.
27 Aug 2019 1:28 PM
The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product (GDP).
27 Aug 2019 12:35 PM
It will be interesting to see what solution or incentives finance minister Nirmala Sitharaman offers to give a fillip to the industry.
15 Aug 2019 12:29 AM
The sector has already culled 3.5 lakh jobs since April.
14 Aug 2019 6:29 PM
Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.
07 Aug 2019 10:53 AM
The moderation in GDP growth to 6.8 per cent in 2018-19 clearly indicates the softer underlying momentum.
06 Aug 2019 12:07 AM
SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.
31 Jul 2019 6:24 PM