Auto Industry

Showing of 21 - 40 from 184 results
Auto Industry - Total results - 184
Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support
Business

Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support

The Federation of Automobile Dealers Associations (FADA) has written to Prime Minister Narendra Modi seeking immediate financial support from the government for the ailing sector amid the nationwide lockdown due to coronavirus pandemic

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units
Business

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 percent in March, according to a regulatory filing by the company

Hyundai Motor India integrates entire sales network with online sales platform
Business

Hyundai Motor India integrates entire sales network with online sales platform

Hyundai Motor India Limited (HMIL) on Wednesday said it has integrated its entire sales network of over 500 dealerships across the country with its recently introduced online sales platform

Coronavirus Outbreak: Supply chain shock will have negative impact on Indian auto component sector: ICRA
Business

Coronavirus Outbreak: Supply chain shock will have negative impact on Indian auto component sector: ICRA

Rating agency ICRA on Friday said the supply chain shock due to the coronavirus pandemic will have a negative impact for Indian auto component industry

Coronavirus Outbreak: S&P downgrades Tata Motors ratings, outlook stable; cites weaker-than-expected credit metric
Business

Coronavirus Outbreak: S&P downgrades Tata Motors ratings, outlook stable; cites weaker-than-expected credit metric

S&P Global Ratings has downgraded Tata Motors to more vulnerable to non-payment grade 'B' citing weaker-than-expected credit metrics owing to the disruptions and economic impact from the coronavirus pandemic

Coronavirus Outbreak: Anand Mahindra tells employees to take a relook at life, prepare for future
Business

Coronavirus Outbreak: Anand Mahindra tells employees to take a relook at life, prepare for future

Terming the coronavirus pandemic as a "crisis of a magnitude that we have never faced before" Mahindra Group Chairman Anand Mahindra on Thursday asked employees of the conglomerate to use the lockdown period to relook at the personal and professional way of life to prepare for the future and to serve the "post corona world"

Maruti Suzuki reports 47% decline in vehicle sales in March to 83,792 units; exports log 55% plunge
Business

Maruti Suzuki reports 47% decline in vehicle sales in March to 83,792 units; exports log 55% plunge

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 47 percent decline in sales at 83,792 units in March

Ford, GE to produce 50,000 ventilators in 100 days; aim to build 30,000 per month thereafter
Business

Ford, GE to produce 50,000 ventilators in 100 days; aim to build 30,000 per month thereafter

Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared by the Food and Drug Administration, can meet the needs of most COVID-19 patients and relies on air pressure without the need for electricity.

Bajaj Auto announces temporary shutdown of manufacturing facilities; implements work from home for office staff
Business

Bajaj Auto announces temporary shutdown of manufacturing facilities; implements work from home for office staff

Bajaj Auto has banned international travel in February and by early March banned all travel, cancelled physical meetings and implemented work from home.

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
Business

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days

The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.

Automobile dealers' body approaches SC seeking extension of sale, registration of BS-IV vehicles till May-end
Business

Automobile dealers' body approaches SC seeking extension of sale, registration of BS-IV vehicles till May-end

Automobile dealers' body FADA on Tuesday said it has filed an application with the Supreme Court seeking an extension of sale and registration of BS-IV vehicles till 31 May, 2020 -- an extension of two months from March-end deadline to clear the stock of such models

Hyundai sees silver lining in coronavirus pandemic as consumers opt for safe personal transportation
Business

Hyundai sees silver lining in coronavirus pandemic as consumers opt for safe personal transportation

Amid the gloom surrounding coronavirus pandemic, South Korean auto major Hyundai sees a silver lining for the slowdown-hit auto industry in India as consumers seek isolated mode of transportation at a time when it is also preparing to ramp up online sales of vehicles, according to a senior company official

Automobile production may be critically hampered due to coronavirus outbreak in China: SIAM
Business

Automobile production may be critically hampered due to coronavirus outbreak in China: SIAM

Vehicle production across all categories is likely to be critically hampered due to the coronavirus outbreak in China as many automakers in India import about 10 percent of their raw materials from the neighbouring nation, auto industry body SIAM said on Wednesday

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

How Coronavirus is affecting the automotive industry on the global stage
World

How Coronavirus is affecting the automotive industry on the global stage

The Geneva International Motor Show, one of the oldest and prestigious automotive exhibitions across the globe has been cancelled.

Passenger vehicle retail sales fall 5% to 2.91 lakh units in January on lower consumer demand: FADA
Business

Passenger vehicle retail sales fall 5% to 2.91 lakh units in January on lower consumer demand: FADA

Automobile dealers' body FADA on Thursday said passenger vehicle (PV) retail sales in January declined 4.61 percent to 2,90,879 units as compared to same month last year, hit by tepid response by end customers

Indian auto industry to be negatively impacted, supply chain disrupted if coronavirus persists: ICRA
Business

Indian auto industry to be negatively impacted, supply chain disrupted if coronavirus persists: ICRA

India's automobile industry is likely to be negatively impacted and supply chain disrupted if the coronavirus (COVID-19) outbreak in China and South-East Asia persisted longer, according to ratings agency ICRA

Bajaj Auto Q3 net profit up 8% at Rs 1,322 cr; total vehicle sales down 5% to 12.02 lakh units
Business

Bajaj Auto Q3 net profit up 8% at Rs 1,322 cr; total vehicle sales down 5% to 12.02 lakh units

Bajaj Auto on Thursday reported 8.33 percent increase in consolidated net profit at Rs 1,322.44 crore in the third quarter ended 31 December, 2019

Honda Cars initiates voluntary retirement scheme for Greater Noida plant workers to increase productivity, efficiency
Business

Honda Cars initiates voluntary retirement scheme for Greater Noida plant workers to increase productivity, efficiency

Auto major Honda Cars India on Wednesday said it has initiated a voluntary retirement scheme (VRS) for its manufacturing line associates at Greater Noida plant in Uttar Pradesh order to increase productivity and efficiency

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