Saturday, Mar 06, 2021 | Last Update : 08:13 AM IST

auto sector

Some auto companies resume production, others prepare to restart manufacturing

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

Impact on auto sector to be clear once lockdown is lifted: Nissan Motor

Before the outbreak, the Indian auto sector was already suffering from a prolonged slump

07 Apr 2020 12:36 PM

No big bang effect for auto sector

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

Auto sector's contribution to GDP may slip to 7 pc this fiscal: Acuite Ratings

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

India's biggest carmaker Maruti sees higher sales in September

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

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GST panel unlikely to favour tax rate cut for auto sector: sources

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

Auto sales growth outlook revised to 5-7 per cent for FY20: Report

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 backs Sitharaman's remark on auto sector slowdown, says 'one of the reasons'

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

Millennials opting for Ola, Uber not that a big factor for current slowdown: Maruti Suzuki

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

Passenger vehicle sales decline for 10th straight month

Sales of commercial vehicles were down 38.71 per cent to 51,897 units in August.

09 Sep 2019 11:59 AM

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India's economy suffers car crash, pain spreads to villages

According to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers.

05 Sep 2019 9:40 AM

Stimulus package 'too little, too late' to prevent decline in auto sector: Fitch

Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.

29 Aug 2019 1:32 PM

Auto sector supports recycled aluminium

Better cost economics of recycled aluminium has supported its consumption in India.

28 Aug 2019 2:49 AM

Maruti Suzuki cuts 3,000 contract jobs

Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting production.

27 Aug 2019 1:28 PM

State govts need to realise their role in promoting mfg in auto sector: RC Bhargava

The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product (GDP).

27 Aug 2019 12:35 PM

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Auto sector in a mess, govt needs to step in

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

Auto gloom: More layoffs coming in temp, sales, R&D sides

The sector has already culled 3.5 lakh jobs since April.

14 Aug 2019 6:29 PM

Tens of thousands losing jobs as India's auto crisis deepens: sources

Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

07 Aug 2019 10:53 AM

The auto sector’s revival holds the key to India’s $5 trillion economy

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

Reviewing exposure to auto dealers; will ensure industry do not suffer: SBI

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

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