Automakers

Showing of 1 - 20 from 54 results
Automakers - Total results - 54
More bad loans in offing? Carmakers tie-up with banks to offer low interest rate schemes to attract customers
Business

More bad loans in offing? Carmakers tie-up with banks to offer low interest rate schemes to attract customers

Banking sources say the Finance Ministry is pressuring banks to increase lending, though they are already saddled with over $120 billion of bad loans,

Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
Business

Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report

The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis
Business

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.

Lockdown 3.0: Some auto companies resume production, others prepare to restart manufacturing
Business

Lockdown 3.0: Some auto companies resume production, others prepare to restart manufacturing

Automobile majors, including Maruti Suzuki India, Mercedes-Benz, TVS Motor, and Royal Enfield, on Wednesday announced the resumption of or plans to restart production at their respective manufacturing units following the relaxation of guidelines by the government for the third phase of lockdown

Coronavirus Outbreak: Volkswagen, BMW, Mercedes take online sales route during lockdown
Business

Coronavirus Outbreak: Volkswagen, BMW, Mercedes take online sales route during lockdown

German automakers Volkswagen, BMW and Mercedes on Monday said they have introduced online sales initiatives in India in order to help customers book vehicles from the safety of their homes amid the coronavirus pandemic

Coronavirus Lockdown: Automakers yet to resume production, wait for supply chain to restart
Business

Coronavirus Lockdown: Automakers yet to resume production, wait for supply chain to restart

A week after the Centre announced allowing partial resumption of production by industries, automobile companies including Maruti Suzuki, Toyota, Tata Motors and Mercedes-Benz are yet to resume production stating that the entire supply chain, including component suppliers and dealers, needs to start operating to re-start production

Ferrari rolls out coronavirus testing to get staff ready for work; to serve as blueprint for manufacturers to resume production
Business

Ferrari rolls out coronavirus testing to get staff ready for work; to serve as blueprint for manufacturers to resume production

Under its “Back on Track” project, Ferrari staff, families and suppliers first take blood tests to see if they’re clear and will then be given an app which will alert them if they’ve been in close contact with any scheme members who contract COVID-19.

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers
Business

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers

Major carmakers like Maruti Suzuki, Hyundai, Toyota and Honda have not yet resumed production at their factories stating that availability of components is a prerequisite to re-start operations at factories, which continue to remain inaccessible due to the nationwide lockdown

Coronavirus Outbreak: SIAM seeks GST rate cut, incentive-based scrappage policy to revive auto sector
Business

Coronavirus Outbreak: SIAM seeks GST rate cut, incentive-based scrappage policy to revive auto sector

SIAM has also asked for fund allocation for diesel/CNG bus procurement by state transport undertakings, over and above the allocation for electric buses under FAME 2 scheme.

Coronavirus Outbreak: Automakers push to reopen plants from Wuhan to Michigan; social distancing, masks to be used for employee safety
Business

Coronavirus Outbreak: Automakers push to reopen plants from Wuhan to Michigan; social distancing, masks to be used for employee safety

Auto manufacturers and suppliers are converging on a consensus that temperature screening, daily health questionnaires, assembly lines redesigned to keep workers 3 to 6 feet (0.9 m to 1.8 m) apart, and lots and lots of masks and gloves can enable large-scale factories to operate safely

Economic slowdown, weak consumer sentiment, coronavirus outbreak in China will continue to impact auto sales: Fitch
Business

Economic slowdown, weak consumer sentiment, coronavirus outbreak in China will continue to impact auto sales: Fitch

The auto sector also faces additional challenges from the adoption of stricter emission standards from 1 April

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch
Business

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020.

Renault to start search for new CEO after Carlos Ghosn scandal; Nissan announces China unit head Makoto Uchida as CEO
Business

Renault to start search for new CEO after Carlos Ghosn scandal; Nissan announces China unit head Makoto Uchida as CEO

The succession proposal for Renault's current Chief Executive Thierry Bollore could be on the agenda of the next board meeting on 18 October

Auto sales trends, demonetisation and impact on manufacturing sector; all this and more on Moneycontrol Pro
Business

Auto sales trends, demonetisation and impact on manufacturing sector; all this and more on Moneycontrol Pro

India’s fastest-growing financial subscriptions service, Moneycontrol Pro, is available both on the website and mobile apps.

Automakers Honda, Toyota and Maruti Suzuki pin hope on festive season to lessen sales woes
Business

Automakers Honda, Toyota and Maruti Suzuki pin hope on festive season to lessen sales woes

Automakers Honda, Toyota and Maruti Suzuki India are hoping that this festive season will bring some uptick in demand although "great signs" of recovery do not seem to be in the market due to the prevailing negative sentiments

July vehicle sales lowest in 19 years: Automakers need a helping hand; question is whether govt is willing or not
Business

July vehicle sales lowest in 19 years: Automakers need a helping hand; question is whether govt is willing or not

Commercial vehicle sales were down 25.71% to 56,866 units in July compared with 76,545 units in July 2018.

Around 200,000 jobs slashed; how a shadow banking crisis sent India's auto sector into a tailspin
Business

Around 200,000 jobs slashed; how a shadow banking crisis sent India's auto sector into a tailspin

The slump in the country, along with a simultaneous slide in Chinese auto sales, is a blow for automakers wrestling with higher costs driven by more stringent emission norms and a push to develop electric cars.

Shares of automakers slide up to 3% on proposal over electric vehicles transition
Business

Shares of automakers slide up to 3% on proposal over electric vehicles transition

Shares of automakers fell by up to 3 percent on Monday after NITI Aayog asked industry body SIAM along with conventional two and three-wheeler makers to suggest within two weeks, concrete steps towards the transition to electric mobility

US will develop tech to recycle lithium from EV, mobiles to meet expected demand
News & Analysis

US will develop tech to recycle lithium from EV, mobiles to meet expected demand

In 2018, about 100,000 metric tons of lithium-ion batteries were recycled globally.

Narendra Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing; minister seeks relaxation in import rules
Business

Narendra Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing; minister seeks relaxation in import rules

The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India.