Auto Sector Slowdown

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

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

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

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

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

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

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

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

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

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