Auto sector crisis: It's amber light for motown as demand unlikely to revive in FY21; revenue growth, margins to be subdued, says eport
Despite the nearly two-year crisis in the auto sector, the past two Union Budgets have given little respite to the sector that is very critical to generate employment.
Auto, real estate firms made a killing during boom time; it’s time now for them to think beyond profits, cut prices
Automakers also need to introspect on the quality of the product they offer to the Indian audience vis-à-vis customers in other advanced markets.
Firstpost Editor's Picks: Saudi drone strikes, Trump at Modi event, Section 375 review; today's must-read stories
Firstpost Editor's Picks: Saudi Aramco oil refinery drone strikes, Trump at Modi event, auto sector crisis, Champions League Preview, Section 375 film review
'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark
Meanwhile, the Sitharaman's statement holding millennials responsible for the slowdown in auto sector didn't go down well with netizens. The remark triggered a whirlpool of reactions on Twitter, with Indians mocking the "millennial blaming" ideology.
Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?
Even if app-based car renting services are picking up to the scale of upsetting the car sales market, as Sitharaman claims, that doesn’t justify such a sharp decline.
Auto sector crisis: Kiran Mazumdar Shaw seeks measures to save jobs; says need to boost consumer sentiments
Biocon Chairperson and Managing Director Kiran Mazumdar Shaw on Monday said measures are required to save jobs in the automotive sector which represents 50 percent of the manufacturing sector jobs in the country
Nitin Gadkari promises all support to crisis-hit auto industry, hints at reducing GST on petrol, diesel vehicles
Union minister Nitin Gadkari on Thursday assured the crisis-hit automobile industry of all possible support from the government, including taking up the demand of GST reduction with finance minister Nirmala Sitharaman
Auto sector crisis: Maruti Suzuki to suspend production at Gurugram, Manesar plants in Haryana for two days
Early last month, Maruti Suzuki had reportedly decided to implement single shift system in all its plants including Manesar giving signals of a production cut.
SBI extends credit period of stressed automobile dealers on case-to-case basis, says govt measures can revive demand
The auto sector is facing its worst crisis in two decades and reports suggest thousands of job losses in the automobile and ancillary industry.
Economic slowdown: Narendra Modi reviews situation, asks Nirmala Sitharaman to come up with plans to spur jobs, beat slump
The prime minister asked the finance minister to streamline ideas to spur jobs and submit a report on the ongoing economic slowdown.