SIAM says auto sector left out in economic package; to seek govt's direct intervention for revival of industry
SIAM said it had several engagements with the government at various levels and was looking forward to some direct fiscal measures for the auto industry from the Centre in the Rs 20 lakh crore stimulus package.
Maruti Suzuki India Q4 net profit dips 28% at Rs 1,322 cr on lower sales volume, higher promotion expenses
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 27.77 percent decline in consolidated net profit to Rs 1,322.3 crore for the fourth quarter of 2019-20, on account of lower sales volume, higher promotion expenses and depreciation expenses
Coronavirus Lockdown: Auto component industry likely to witness double-digit degrowth in FY21, says India Ratings
The Auto component industry is likely to witness a second consecutive year of double-digit degrowth this fiscal mainly on account of disruption in operations due to coronavirus pandemic and the subsequent lockdown, according to a report
French auto-maker Renault on Tuesday said it has enhanced the digital platform allowing people to book the company's range of cars besides providing financing options to customers
Japanese automaker Honda Motor Co. sank deeper into losses for the fiscal quarter that ended in March, as the damage to the industry from the coronavirus outbreak hurt sales and crimped production
Coronavirus Lockdown: Maruti Suzuki resumes operations at Manesar plant on single shift basis after 40 days of closure
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said it has resumed operations at its Manesar plant in Haryana after around 40 days of closure due to the coronavirus-led lockdown
The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.
Automobile majors, including Maruti Suzuki India, Mercedes-Benz, TVS Motor, and Royal Enfield, on Wednesday announced the resumption of or plans to restart production at their respective manufacturing units following the relaxation of guidelines by the government for the third phase of lockdown
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it would resume operations at its Manesar plant from 12 May
Coronavirus Lockdown: Hero MotoCorp resumes manufacturing operations at three plants; product roll-out to begin from Wednesday
The country's largest two-wheeler maker Hero MotoCorp on Monday said it has resumed operations across three of its manufacturing plants with actual product roll-out expected to begin from Wednesday
Govt seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package
The government of Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry, who raised several demands for a financial package to overcome the impact of the COVID-19-induced lockdown
German automakers Volkswagen, BMW and Mercedes on Monday said they have introduced online sales initiatives in India in order to help customers book vehicles from the safety of their homes amid the coronavirus pandemic
A week after the Centre announced allowing partial resumption of production by industries, automobile companies including Maruti Suzuki, Toyota, Tata Motors and Mercedes-Benz are yet to resume production stating that the entire supply chain, including component suppliers and dealers, needs to start operating to re-start production
Coronavirus Lockdown: Gurugram administration permits Maruti Suzuki to operate Manesar plant on a single shift basis
The company said it will resume operations only when it can maintain continuous production and sell vehicles, "which is not possible at this point of time"
Coronavirus Lockdown: Daimler India extends warranty, service period for BharatBenz vehicles by two months
Daimler India Commercial Vehicles (DICV) on Tuesday said it has extended by two months warranty and scheduled service period for its BharatBenz vehicles due to the ongoing lockdown
Tata Motors on Tuesday said it has extended by two months the warranty period for all of its commercial vehicles which are expiring during the period of the lockdown
Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers
Major carmakers like Maruti Suzuki, Hyundai, Toyota and Honda have not yet resumed production at their factories stating that availability of components is a prerequisite to re-start operations at factories, which continue to remain inaccessible due to the nationwide lockdown
Coronavirus Outbreak: SIAM seeks GST rate cut, incentive-based scrappage policy to revive auto sector
SIAM has also asked for fund allocation for diesel/CNG bus procurement by state transport undertakings, over and above the allocation for electric buses under FAME 2 scheme.
Domestic passenger vehicle (PV) dispatches are likely to decline by 10-12 percent in the current financial year due to COVID-19 pandemic, rating agency ICRA said on Friday
Passenger vehicle sales in India declined by 51 percent in March, hit by 21-day nationwide lockdown due to the coronavirus pandemic