Auto Sector-slowdown

Showing of 1 - 20 from 30 results
Auto Sector-slowdown - Total results - 30
M&M Q2 net profit plunges 78% at Rs 368 cr; revenue from operations down 6% to Rs 23,936 cr
Business

M&M Q2 net profit plunges 78% at Rs 368 cr; revenue from operations down 6% to Rs 23,936 cr

Mahindra & Mahindra on Friday reported 78.44 percent decline in consolidated profit after tax (PAT) at Rs 368.43 crore for the quarter ended 30 September, 2019

Maruti parent Suzuki Motor Corp says company no longer gung-ho about India’s auto market
Business

Maruti parent Suzuki Motor Corp says company no longer gung-ho about India’s auto market

Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it has seen relentless growth in the past seven years. And the parent of the country’s biggest car maker is not alone

Maruti Suzuki's domestic auto sales rise in October, first time in 7 months; M&M, Toyota improve performance
Business

Maruti Suzuki's domestic auto sales rise in October, first time in 7 months; M&M, Toyota improve performance

Automobile manufacturers, including Maruti Suzuki India, Mahindra & Mahindra and Toyota Kirloskar Motor, on Friday reported improved sales in October driven by festive season demand amid a prolonged slowdown in the sector

Tata Sons to increase stake in Tata Motors to 43.73% post-Rs 6,500 cr preferential issue
Business

Tata Sons to increase stake in Tata Motors to 43.73% post-Rs 6,500 cr preferential issue

Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 percent after the proposed Rs 6,500 crore preferential issue by the automobile manufacturer

Auto sector slowdown: Maruti Suzuki Q2 net profit drops 39% to Rs 1,391 cr, revenue declines 25% to Rs 16,123 cr
Business

Auto sector slowdown: Maruti Suzuki Q2 net profit drops 39% to Rs 1,391 cr, revenue declines 25% to Rs 16,123 cr

The country's largest carmaker Maruti Suzuki India on Thursday reported 38.99 percent decline in consolidated net profit at Rs 1,391.1 crore in the second quarter ended 30 September

Bajaj Auto Q2 net profit rises 21% to Rs 1,523.32 cr; revenue down 4% to Rs 7,707 cr
Business

Bajaj Auto Q2 net profit rises 21% to Rs 1,523.32 cr; revenue down 4% to Rs 7,707 cr

Bajaj Auto on Wednesday reported 21.23 percent increase in its consolidated profit after tax at Rs 1,523.32 crore in the second quarter ended September

Passenger vehicle sales drop 24% in September, 11th consecutive month of decline in off-take
Business

Passenger vehicle sales drop 24% in September, 11th consecutive month of decline in off-take

Domestic passenger vehicle sales dropped by 23.69 percent in September to 2,23,317 units, down from 2,92,660 units in the year-ago period, making it the 11th consecutive month of decline in vehicle off-take

Commercial vehicle sales to remain subdued in current fiscal amid tight financing environment: ICRA
Business

Commercial vehicle sales to remain subdued in current fiscal amid tight financing environment: ICRA

Rating agency ICRA on Monday said its outlook for the domestic commercial vehicle industry remains negative for the rest of the fiscal due to subdued sales amid slowing economic growth and tight financing environment

Auto sector slowdown: Festive season fails to lift passenger vehicle sales, major cos report decline of up to 56% in September
Business

Auto sector slowdown: Festive season fails to lift passenger vehicle sales, major cos report decline of up to 56% in September

Major automobile makers, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Toyota and Honda, on Tuesday reported double-digit declines in domestic passenger vehicle sales in September as onset of the festive season failed to lift the ongoing slump in the auto industry

HDFC Bank emerges as India's most valuable brand; Reliance Jio placed 9th among list of top 10 brands
Business

HDFC Bank emerges as India's most valuable brand; Reliance Jio placed 9th among list of top 10 brands

The list of top ten brands, prepared by the world's largest media buyer WPP, includes companies from banking, financial services and insurance, telecom and auto segments

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
Business

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown

Amid the clamour for a rate cut by various industries, the all-powerful GST Council will hold a crucial meeting on Friday to decide on tax moderation, keeping in mind the revenue position and the need to boost sagging economic growth

GST Council meet: Hero MotoCorp urges phase-wise tax reduction; seeks early rate cut for 2-wheelers
Business

GST Council meet: Hero MotoCorp urges phase-wise tax reduction; seeks early rate cut for 2-wheelers

Hero MotoCorp on Thursday urged the government to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage, and deferring tax cut on four-wheelers to a later stage

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry
Business

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry

Ahead of the crucial GST Council meeting on Friday, a committee of officials has rejected demands for a cut in tax rate on items ranging from biscuits to car owing to tight revenue position as any reduction will dent Centre and State collections

In effort to boost flagging auto sector, Centre lifts ban on purchase of new cars by government departments
India

In effort to boost flagging auto sector, Centre lifts ban on purchase of new cars by government departments

The auto sector is set to get a boost as prime minister Narendra Modi-led central government has lifted the ban on the purchase of new cars for its departments

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
Business

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front

Srivastava also pointed out that India's auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence.

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT
Business

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT

Traders body CAIT on Tuesday said there is no slowdown in the domestic automobile sector and the industry is making hue and cry only to get a package from the government

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees
Business

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees

Two-wheeler market leader Hero MotoCorp on Monday said it has commenced a Voluntary Retirement Scheme (VRS) for its employees with an objective to improve productivity and efficiency

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference
Business

From affordable housing to relief for exporters, key takeaways from Nirmala Sitharaman's press conference

Nirmala Sitharaman announced Rs 10,000 crore special window to provide last-mile funding for completion of ongoing housing projects which are not NPAs or facing bankruptcy proceedings under NCLT

Nirmala Sitharaman's mega housing push of Rs 10,000-cr special window for stuck projects, relaxed ECB rules hits all right notes
Business

Nirmala Sitharaman's mega housing push of Rs 10,000-cr special window for stuck projects, relaxed ECB rules hits all right notes

The key highlight of Finance Minister Nirmala Sitharaman’s presser on Saturday is the announcement that the government will set up a Rs10,000 crore special window to extend funding to incomplete housing projects that are in good shap

Nirmala Sitharaman press conference LIVE updates: GDP growth to improve in next quarter, won't put a number to it, says FM
Business

Nirmala Sitharaman press conference LIVE updates: GDP growth to improve in next quarter, won't put a number to it, says FM

Nirmala Sitharaman press conference LATEST updates: A special window will provide the last-mile funding requirement for housing projects that are non-NPA and non-NCLT projects and are stuck due to lack of funding, said Sitharaman.