Auto Industry

COVID-19 second wave derailed recovery momentum of Indian auto industry, says ICRA report

The domestic two-wheeler volumes in 2021-22 are expected to grow 10-12 percent now as against 16-18 percent earlier while the passenger vehicle segment may see 17-20 percent growth now as against 22-25 percent expected earlier, the rating agency said

Auto stocks jump up to 10.5 percent on sales growth in January 2021, new voluntary vehicle scrapping policy

Auto majors Maruti Suzuki, Hyundai Motor, M&M, Tata Motors, Honda and MG Motor reported growth in their domestic passenger vehicle sales in January.

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

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

Coronavirus Lockdown: Renault India strengthens online sales platform to drive growth

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

Honda Motor Co posts $276 mn loss in March quarter due to coronavirus, lockdown; sales decline 15%

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

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

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.

Coronavirus Lockdown: Maruti Suzuki India to resume operations at Manesar plant from 12 May

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it would resume operations at its Manesar plant from 12 May