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Nirmala Sitharaman blames 'millennial mindset' for car sector slowdown, but who's at fault for drop in truck sales?
Dinesh Unnikrishnan123 •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
Fp Staff •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
Fp Staff •The prime minister asked the finance minister to streamline ideas to spur jobs and submit a report on the ongoing economic slowdown.