Automobile Sector

Showing of 1 - 20 from 39 results
Automobile Sector - Total results - 39
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,

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand
Business

COVID-19 Impact: Boeing expected to announce job cuts in US after aviation sector rocked by plunging travel demand

In April, Boeing chief executive Dave Calhoun said the company had “begun taking action to lower our number of employees by roughly 10 percent through a combination of voluntary layoffs, natural turnover and involuntary layoffs as necessary.”

COVID-19 Impact: TVS Motor Company cuts staff salaries by up to 20% for six months as sales plummet
Business

COVID-19 Impact: TVS Motor Company cuts staff salaries by up to 20% for six months as sales plummet

TVS Motor Company has decided to reduce salaries at executive level, barring entry-level workmen, from May till October this year.

Coronavirus Outbreak: Auto sector hit by COVID-19; domestic passenger vehicle sales drop 51 percent in March
Business

Coronavirus Outbreak: Auto sector hit by COVID-19; domestic passenger vehicle sales drop 51 percent in March

FADA has written to Prime Minister Narendra Modi seeking relief measures to deal with the effects of the coronavirus pandemic.

UBS cuts India GDP growth forecast to 5.1% for FY21 on fears around coronavirus outbreak, weak domestic credit growth
Business

UBS cuts India GDP growth forecast to 5.1% for FY21 on fears around coronavirus outbreak, weak domestic credit growth

The GDP growth is set to slip to a decadal low of 5 percent for FY20 as per official estimates and hopes of a revival are being pinned on the next fiscal

Banking sector in India under 'stress', govt not in a position to bail it out, says Abhijit Banerjee
Business

Banking sector in India under 'stress', govt not in a position to bail it out, says Abhijit Banerjee

Speaking to the media on the sidelines of the 13th Jaipur Literature Festival, Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro
Business

China’s growing interest in India’s auto market, Federal Bank’s asset quality improves in Q3; all this and more on Moneycontrol Pro

China’s interest in India’s automobile sector could be tactical, getting a foot in the door because an opportunity presented itself.

Honda portrays grim outlook of revival in auto sector in near future; not hopeful of GST cuts for industry
Business

Honda portrays grim outlook of revival in auto sector in near future; not hopeful of GST cuts for industry

Senior Vice President for Sales and Marketing Y S Guleria said it is difficult to specify in which month or quarter the auto sector revival will happen

Nitin Gadkari asks carmakers to focus on alternative fuel vehicles; assures govt support
Business

Nitin Gadkari asks carmakers to focus on alternative fuel vehicles; assures govt support

Terming huge crude oil import a "big economic challenge" for the country, Union Minister Nitin Gadkari on Wednesday urged automakers to focus on alternative fuel vehicles as well and ensured Government's support in the venture

Auto sector crisis deepens: Maruti Suzuki cuts production for 8th straight month in September by over 17%
Business

Auto sector crisis deepens: Maruti Suzuki cuts production for 8th straight month in September by over 17%

Maruti Suzuki India produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month

Feel global, act social: How Anand Mahindra builds a corporate brand with his unique 'tweetitude'
Business

Feel global, act social: How Anand Mahindra builds a corporate brand with his unique 'tweetitude'

Anand Mahindra crafts his tweets in a manner that etches out his corporate brand and does not miss the brand goal in an impulsive burst even as he engages in casual banter

Maruti Suzuki, Tata Motors' PV market share decline in April-Aug; Hyundai, M&M gain despite selling less this fiscal
Business

Maruti Suzuki, Tata Motors' PV market share decline in April-Aug; Hyundai, M&M gain despite selling less this fiscal

Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August

Link between ride-sharing and drop in car sales not a figment of Nirmala Sitharaman's imagination, but this debate is fake; here's why
Politics

Link between ride-sharing and drop in car sales not a figment of Nirmala Sitharaman's imagination, but this debate is fake; here's why

Legitimate queries can be raised about the veracity of Nirmala Sitharaman's claims, but it should be noted that she did not present ride-sharing as the sole cause behind slowdown, but as one of the causes driving it.

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki
Business

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki

India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to the Society of Indian Automobile Manufacturers,

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why
Business

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why

The reason why Nirmala Sitharaman is the butt of jokes is that Uber and Ola may not be significant enough in terms of current data

Bhupesh Baghel takes dig at Nirmala Sitharaman's 'millennial mindsets' remark, asks her to study Chhattisgarh’s model of economic development
Politics

Bhupesh Baghel takes dig at Nirmala Sitharaman's 'millennial mindsets' remark, asks her to study Chhattisgarh’s model of economic development

Taking a dig at Finance Minister Nirmala Sitharaman's mindsets of millennial remark, Chhattisgarh chief minister Bhupesh Baghel said that both Ola and Uber are offering their services in the state and yet the automobile sector has grown

State of Economy: Put aside vendetta politics, reach out to sane voices to steer economy out of 'man-made crisis', says Manmohan Singh
Business

State of Economy: Put aside vendetta politics, reach out to sane voices to steer economy out of 'man-made crisis', says Manmohan Singh

Manmohan Singh said “all-round mismanagement” by the Narendra Modi government was responsible for the slowdown.

Auto sector crisis: Stimulus package too little, too late to prevent decline in vehicle sales: Fitch
Business

Auto sector crisis: Stimulus package too little, too late to prevent decline in vehicle sales: Fitch

Fitch said the strongest stimulus measure by the government is its move to increase liquidity in the shadow banking sector, which is the largest contributor to the current contraction in vehicle sales.