Recent Highlights
All Stories for 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
• 5 years agoThe 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
• 5 years agoBajaj 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
• 5 years agoDomestic 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
• 5 years agoRating 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
• 5 years agoMajor 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
• 5 years agoThe 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
• 5 years agoAmid 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
• 5 years agoHero 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
• 5 years agoAhead 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
• 5 years agoThe 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