Auto 2

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Auto 2 - Total results - 482
Auto dealers fear they will not be able to liquidate BS-IV stock before 31 March deadline: FADA
Business

Auto dealers fear they will not be able to liquidate BS-IV stock before 31 March deadline: FADA

With several state governments issuing circulars to end registration process for BS-IV vehicles much before 31 March, 2020, and the fear of coronavirus keeping buyers away from showrooms, automobile dealers fear that they would not be able to liquidate the BS-IV inventory before the month-end deadline

Mahindra draws $423 mn turnaround plan for struggling South Korean unit Ssangyong Motor Co; to make it profitable by 2022
Business

Mahindra draws $423 mn turnaround plan for struggling South Korean unit Ssangyong Motor Co; to make it profitable by 2022

Mahindra rescued Ssangyong from near-insolvency in 2010, acquiring a majority stake, but despite several attempts, it has struggled to revive the SUV maker’s fortunes.

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors
Business

RBI monetary policy: Central bank announces incentive for lending to MSME, home, auto sectors

In a bid to increase lending to MSME as well as to auto and home segment, Reserve Bank on Thursday tweaked maintenance of cash reserve ratio (CRR) norms by providing relaxation in calculation of total deposits

Maruti Suzuki Q3 consolidated net profit rises 4.13% at Rs 1,587 cr; revenue up by 5.29% to Rs 20,722 cr
Business

Maruti Suzuki Q3 consolidated net profit rises 4.13% at Rs 1,587 cr; revenue up by 5.29% to Rs 20,722 cr

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported 4.13 percent rise in consolidated net profit at Rs 1,587.4 crore for December quarter 2019-20

Passenger vehicle retail sales dip 9% to 2.16 lakh units in December: Industry body FADA
Business

Passenger vehicle retail sales dip 9% to 2.16 lakh units in December: Industry body FADA

Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in December 2019 declined 9 percent to 2,15,716 units year-on-year, as even the best offers failed to lift weak consumer sentiments

Union Budget 2020-21: Auto industry seeks bold fiscal measures to revive growth amid slowdown concerns
Business

Union Budget 2020-21: Auto industry seeks bold fiscal measures to revive growth amid slowdown concerns

In middle of a prolonged slowdown, the automobile industry has asked the government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said

Domestic car sales decline by 8.4% to 1.42 lakh units in December; two-wheeler sales down 17%: SIAM
Business

Domestic car sales decline by 8.4% to 1.42 lakh units in December; two-wheeler sales down 17%: SIAM

Domestic passenger vehicle sales declined 1.24 percent to 2,35,786 units in December from 2,38,753 units in the year-ago period

Maruti Suzuki production up 7.88% for second successive month in December at 1,15,949 units
Business

Maruti Suzuki production up 7.88% for second successive month in December at 1,15,949 units

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 7.88 percent increase in production in December at 1,15,949 units, the second successive month of hike after reducing it for nine months in a row due to demand slump

Kia Motors hikes prices of SUV Seltos by up to Rs 35,000 across variants from 1 January
Business

Kia Motors hikes prices of SUV Seltos by up to Rs 35,000 across variants from 1 January

Kia Motors on Friday said it has increased price of its SUV Seltos by up to Rs 35,000 across variants from 1 January

Bajaj Auto's domestic sales down 15% to 1,53,163 units in December; exports up 13%
Business

Bajaj Auto's domestic sales down 15% to 1,53,163 units in December; exports up 13%

Bajaj Auto on Thursday reported a 3 percent decline in total sales at 3,36,055 units in December 2019

Ashok Leyland's commercial vehicle sales decline by 28% to 11,168 units in December
Business

Ashok Leyland's commercial vehicle sales decline by 28% to 11,168 units in December

Hinduja flagship firm Ashok Leyland on Thursday reported 28 percent decline in total commercial vehicle sales at 11,168 units in December

Maruti Suzuki, M&M post rise in domestic auto sales in December; Hyundai, Toyota witness negative growth
Business

Maruti Suzuki, M&M post rise in domestic auto sales in December; Hyundai, Toyota witness negative growth

The country's largest carmaker Maruti Suzuki India and Mahindra & Mahindra on Wednesday reported rise in their domestic sales in December, even as Hyundai and Toyota posted negative growth

Automobile dealers' body FADA moves SC seeking relief in sale of BS-IV vehicles after 1 April deadline
Business

Automobile dealers' body FADA moves SC seeking relief in sale of BS-IV vehicles after 1 April deadline

Automobile dealers' body FADA on Wednesday said it has moved the Supreme Court seeking sale and registry of unsold BS-IV vehicles beyond 1 April, 2020

Domestic car sales decline by 11% to 1.60 lakh units in November; motorcycles sales plunge 15%: SIAM
Business

Domestic car sales decline by 11% to 1.60 lakh units in November; motorcycles sales plunge 15%: SIAM

Vehicle sales across categories registered a decline of 12.05 percent to 17,92,415 units from 20,38,007 units in November 2018

Auto stocks skid on sluggish November sales; Maruti Suzuki shares fall by 1.77%, TVS Motor down 2.59%
Business

Auto stocks skid on sluggish November sales; Maruti Suzuki shares fall by 1.77%, TVS Motor down 2.59%

Shares of automobile companies tumbled as much as 2.59 percent on Monday after they posted subdued sales numbers for November

Bajaj Auto plans KTM, Husqvarna EV scooters on new Chetak platform; new electric vehicles to be sold through KTM dealerships
Business

Bajaj Auto plans KTM, Husqvarna EV scooters on new Chetak platform; new electric vehicles to be sold through KTM dealerships

The Pune-based Bajaj Auto had discontinued the scooter business in 2005 after the segment saw a demand slump amid the growing popularity of motorcycles.

Toyota eyes the upcoming Olympic games to give its hydrogen powered cars a boost
News & Analysis

Toyota eyes the upcoming Olympic games to give its hydrogen powered cars a boost

Toyota is also aiming to boost the number of its Sora hydrogen buses on the roads of the Olympics.

Auto sector slowdown: Festive season fails to lift passenger vehicle sales, major cos report decline of up to 56% in September
Business

Auto sector slowdown: Festive season fails to lift passenger vehicle sales, major cos report decline of up to 56% in September

Major automobile makers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda, on Tuesday reported double-digit declines in domestic passenger vehicle sales in September as onset of the festive season failed to lift the ongoing slump in the auto industry

CRISIL sharply cuts GDP forecast to 6.3% in current financial year citing more broad-based slump
Business

CRISIL sharply cuts GDP forecast to 6.3% in current financial year citing more broad-based slump

Describing the slowdown as "deeper and more broad-based than suspected", domestic rating agency CRISIL on Wednesday sharply slashed its GDP forecast for FY20 to 6.3 percent from 6.9 percent earlier