Auto 2

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'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations
Politics

'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations

A few things happened this week that may have surprised those who were under the impression that India was doing very well economically.

No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors
Business

No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors

The biggest takeaway from Nirmala Sitharaman's presser is that the government seems to have finally woken up to the economic slowdown and is showing a willingness to offer solutions

Sundaram-Clayton, Hero MotoCorp announce temporary production shutdown amid slowdown in auto industry
Business

Sundaram-Clayton, Hero MotoCorp announce temporary production shutdown amid slowdown in auto industry

TVS group auto component maker Sundaram-Clayton Ltd (SCL) on Friday said it will be shutting its Padi factory in Tamil Nadu for two days owing to a slowdown in the automotive industry, joining two-wheeler major Hero MotoCorp which also announced the closure of its plants for four days

IT-software industry rescue job-scene, hiring rises 6% in June; dip in opportunities in auto ancillary,  banking sector
Business

IT-software industry rescue job-scene, hiring rises 6% in June; dip in opportunities in auto ancillary, banking sector

Hiring activity in the IT-software industry clocked a growth of 26 percent, making it one of the fastest-growing industries.

Union Budget 2019: Govt proposes additional income tax deduction of Rs 1.5 lakh on electric vehicle loans
Business

Union Budget 2019: Govt proposes additional income tax deduction of Rs 1.5 lakh on electric vehicle loans

The government on Friday proposed to provide additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles as part of efforts to accelerate the adoption of eco-friendly mobility solutions

Union Budget 2019: Automobile dealers body seeks industry status for auto retail sector
Business

Union Budget 2019: Automobile dealers body seeks industry status for auto retail sector

Automobile dealers body FADA on Thursday urged the government to consider industry status for the auto retail sector, a move which will help it avail easy finances and sustain business in the long term

Bank, realty, auto shares drop up to 7% despite RBI repo rate cut; IndusInd Bank, BoB, Yes Bank among top losers
Business

Bank, realty, auto shares drop up to 7% despite RBI repo rate cut; IndusInd Bank, BoB, Yes Bank among top losers

Interest rate sensitive bank, auto and realty shares came under selling pressure on Thursday falling up to 7 percent even as the RBI slashed the policy rate

Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%
Business

Mahindra & Mahindra Q4 net profit dips 20% to Rs 849 cr; revenue from operations up 5.5%

Homegrown auto major Mahindra & Mahindra (M&M) on Wednesday reported a 19.85 percent decline in its standalone profit after tax (PAT) to Rs 848.81 crore for the fourth quarter of 2018-19

Mahindra & Mahindra reports 9% fall in April sales to 43,721 units, exports decline 26%
Business

Mahindra & Mahindra reports 9% fall in April sales to 43,721 units, exports decline 26%

Auto major Mahindra & Mahindra (M&M) on Thursday reported a nine percent fall in total sales to 43,721 units in April

Maruti Suzuki cuts vehicle production by around 21% to 1.36 lakh units in March on subdued demand
Business

Maruti Suzuki cuts vehicle production by around 21% to 1.36 lakh units in March on subdued demand

The country's largest car maker Maruti Suzuki India (MSI) cut vehicle production by around 21 percent across its factories in March due to subdued demand

RBI monetary policy: Rate sensitive stocks show mixed trend as central bank cuts repo rate by 25 bps
Business

RBI monetary policy: Rate sensitive stocks show mixed trend as central bank cuts repo rate by 25 bps

Interest rate sensitive stocks - banking, realty and auto - witnessed mixed trend on Thursday following the RBI's rate-cut announcement

Passenger vehicle sales grow in single digit in FY19, major companies feel slowdown pangs
Business

Passenger vehicle sales grow in single digit in FY19, major companies feel slowdown pangs

Auto majors Maruti Suzuki India, Hyundai and Mahindra & Mahindra reported single-digit sales growth in the financial year ended 31 March, as slowdown hit passenger vehicles demand for almost nine months of the year

Volkswagen slammed with a Rs 500 crore penalty for cheating on emission tests
auto

Volkswagen slammed with a Rs 500 crore penalty for cheating on emission tests

NGT has directed Volkswagen to pay the penalty in a matter of two months time.

Unveiled at the Geneva Motor Show, the Tata Buzzard SUV is quite the looker
Photos

Unveiled at the Geneva Motor Show, the Tata Buzzard SUV is quite the looker

The new seven-seat variant of Tata Harrier is powered by Fiat Multijet 2 derived Kryotec diesel engine

Sensex slumps 222 points to 35,752; Nifty falls 72 points to 10,764 amid rising India-Pak tensions; Vedanta, Tata Motors among top losers
Business

Sensex slumps 222 points to 35,752; Nifty falls 72 points to 10,764 amid rising India-Pak tensions; Vedanta, Tata Motors among top losers

The benchmark BSE Sensex gave up all early gains and fell over 200 points in afternoon trade on Wednesday

2019 Mahindra XUV300 soon in India: See the brand new SUV in pictures
Photos

2019 Mahindra XUV300 soon in India: See the brand new SUV in pictures

Mahindra's all-new SUV, the XUV300, is expected to launch in India on 14 February.

Budget 2019: Maruti Suzuki calls for reduction in taxes on automobiles in order to create demand, develop industry
Business

Budget 2019: Maruti Suzuki calls for reduction in taxes on automobiles in order to create demand, develop industry

Tax on automobiles in India is higher compared to many other countries and there is a need to reduce it in order to create demand and develop the industry, Maruti Suzuki India Managing Director and Chief Executive Officer Kenichi Ayukawa said Wednesday

Hero MotoCorp pitches for 18% GST on two-wheelers from current rate of 28%
Business

Hero MotoCorp pitches for 18% GST on two-wheelers from current rate of 28%

"Given that two-wheelers provide basic mobility to the masses, there is an urgent need to reduce the GST rate on two-wheelers from the 28 percent bracket of ‘luxury goods' to that of 18 percent for mass usage items," Hero MotoCorp Chairman Pawan Munjal said

Sensex rallies over 300 points, Nifty reclaims 10,800-level on global cues, foreign fund inflow; HDFC, Reliance among top gainers
Business

Sensex rallies over 300 points, Nifty reclaims 10,800-level on global cues, foreign fund inflow; HDFC, Reliance among top gainers

The market has seen good recovery since Nifty hit the month's low on state election result day. Global cues provided good resistance, an analyst said.