Automobile Industry
Automobile Industry News
How Ford's dated product line-up, low demand left it uncompetitive and led to its India exit
It is quite apparent like its predecessors General Motors and Harley-Davidson, Ford too failed to create a space for itself in the highly competitive and price-sensitive Indian auto market
In Iran, women detailers break through Tehran's male-dominated automobile industry
A farmer’s daughter, Roohani grew up labouring on the land like most other children in Agh Mazar. But unlike her five siblings, she had her eyes on her father’s tractor, and developed an uncanny knack for driving it at an early age.
Coronavirus Outbreak: Automobile industry hits break on manufacturing amid coronavirus outbreak in India
Down south, Hyundai, Ford, TVS, Royal Enfield have declared the suspension of their production facilities.
Parliamentary panel suggests lower GST rate, uniform road tax for auto sector until its revival
A parliamentary panel had examined the Demands for Grants 2020-21 of Department of Heavy Industry (DHI) and tabled its report in Parliament
Domestic passenger vehicle sales drop 6.2% in January on subdued consumer demand: Industry body
Domestic passenger vehicle sales declined 6.2 percent in January as vehicle demand continued to be stressed by rising cost of ownership and slower GDP growth, automobile industry body SIAM said on Monday
SIAM bullish about revival of automobile industry; says sales expected to go up this year
On the upcoming Auto Expo in February, he said new players like Chinese automobile manufacturers Great Wall and Haima will showcase their products for the first time in the exhibition.
Maruti Suzuki raises production target by 6% for this fiscal amid hopes of slight recovery in auto sector
Last month, Maruti Suzuki increased its production by 4.33 percent, after having reduced output for nine straight months due to lower demand.
Anand Mahindra says auto industry needs to switch to reporting retail and not wholesale volumes
Anand Mahindra's tweet was a response to the auto firm's managing director Pawan Goenka's tweets on Sunday.
IMF says global economy is in a synchronised slowdown; cuts growth forecast to 3% in 2019
The global economy is in a "synchronised slowdown" amidst growing trade barriers and heightened geopolitical tensions, the IMF warned on Tuesday as it downgraded the 2019 growth rate to three percent, the slowest pace since the global financial crisis
Auto sector crisis: Rajiv Bajaj against GST cut for industry even as automakers look for respite from govt to tide over slowdown
Bajaj Auto's Rajiv Bajaj has come out with a view that the cause of the current csisis is mainly due to overproduction by the vehicle makers and GST cut not necessary at this stage to boost demand.
Does automobile sector need more sops, weak demand makes market tough for cement firms; all this and more on Moneycontrol Pro
The Indian automobile industry is down in the dumps, the likes of which it has not seen in two decades.
'Oxygen crisis as millennials inhale more air?': With #BoycottMillennials, Twitter trolls Nirmala Sitharaman's 'mindset of millenials' remark
Meanwhile, the Sitharaman's statement holding millennials responsible for the slowdown in auto sector didn't go down well with netizens. The remark triggered a whirlpool of reactions on Twitter, with Indians mocking the "millennial blaming" ideology.
Nirmala Sitharaman blames 'millennial mindset' of using Ola, Uber for automobile industry slump
Nirmala Sitharaman on Tuesday stated that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying own vehicle.
Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports
The country's largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles
Auto sector slowdown impact: Did not renew contracts of temporary employees says Maruti Suzuki chairman RC Bhargava
Maruti Suzuki India Ltd Chairman RC Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand
Govt push for EVs: Italian motorcycle maker Benelli puts plans for manufacturing plant in India on hold
The government is talking about moving to electric mobility, so right now we are closely monitoring the government and its policy," said Vikas Jhabaakh, managing director Benelli India.
Slowdown woes: Reviewing exposure to auto dealers, car loans; will ensure sector does not suffer, says SBI
SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.
Automobile industry body SIAM expresses concern over proposed increase in registration charges
Automobile industry body SIAM on Wednesday expressed concern over the proposed hefty increase in registration charges of new vehicles
Automobile industry body SIAM urges govt to take immediate steps to improve liquidity
Automobile industry body SIAM has urged the government to take immediate measures to improve liquidity, especially in the non-banking financial company (NBFC) sector, in order to fuel growth in the sector which has seen sales drop month-on-month leading to even closure of various dealerships
FAME-II will help commit investments, provide big fillip to popularisation of electric vehicles: Auto industry
Through the scheme, the government plans to support 10 lakh electric two-wheelers, five lakh three-wheelers, 55,000 four-wheelers and 7,000 buses.