Automobile

Showing of 21 - 40 from 197 results
Automobile - Total results - 197
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

Tata Motors' India operations face acute challenges amid sluggish economic growth, weak liquidity: Moody's
Business

Tata Motors' India operations face acute challenges amid sluggish economic growth, weak liquidity: Moody's

Tata Sons infusing $914 million (around Rs 6,542 crore) equity in Tata Motors is credit positive for the company but the country's largest automobile manufacturer faces acute challenges in sluggish economic growth, weak liquidity, and tight financing norms, Moody's Investors Service said on Tuesday

Maruti Suzuki's domestic auto sales rise in October, first time in 7 months; M&M, Toyota improve performance
Business

Maruti Suzuki's domestic auto sales rise in October, first time in 7 months; M&M, Toyota improve performance

Automobile manufacturers, including Maruti Suzuki India, Mahindra & Mahindra and Toyota Kirloskar Motor, on Friday reported improved sales in October driven by festive season demand amid a prolonged slowdown in the sector

Tata Sons to increase stake in Tata Motors to 43.73% post-Rs 6,500 cr preferential issue
Business

Tata Sons to increase stake in Tata Motors to 43.73% post-Rs 6,500 cr preferential issue

Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 percent after the proposed Rs 6,500 crore preferential issue by the automobile manufacturer

Auto sector slowdown: Maruti Suzuki Q2 net profit drops 39% to Rs 1,391 cr, revenue declines 25% to Rs 16,123 cr
Business

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

Commercial vehicle sales to remain subdued in current fiscal amid tight financing environment: ICRA
Business

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

Maruti Suzuki cuts prices of select models by Rs 5,000 after Nirmala Sitharaman's announcement of corporate tax rate cut
Business

Maruti Suzuki cuts prices of select models by Rs 5,000 after Nirmala Sitharaman's announcement of corporate tax rate cut

The country's largest carmaker Maruti Suzuki India on Wednesday reduced the prices of select models by Rs 5,000 (on ex-showroom prices)

No need to ban petrol, diesel vehicles; EVs picking up momentum naturally: Nitin Gadkari
Business

No need to ban petrol, diesel vehicles; EVs picking up momentum naturally: Nitin Gadkari

Allaying fears of the automobile industry, Union Road Transport Minister Nitin Gadkari on Monday said there is no need to ban petrol and diesel vehicles as electric mobility has picked up momentum on its own and all buses would be electric in two years

GST Council meets tomorrow to decide on tax moderation; industries seek relief amid economic slowdown
Business

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

Ahead of GST Council meet, fitment panel rejects tax rate cut for auto, biscuits; favours relief for hotel industry
Business

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
India

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

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
Business

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front

Srivastava also pointed out that India's auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence.

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT
Business

No slowdown in auto sector, industry making hue and cry to get package from govt, claims CAIT

Traders body CAIT on Tuesday said there is no slowdown in the domestic automobile sector and the industry is making hue and cry only to get a package from the government

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees
Business

Auto sector slowdown: Hero MotoCorp comes out with voluntary retirement scheme for employees

Two-wheeler market leader Hero MotoCorp on Monday said it has commenced a Voluntary Retirement Scheme (VRS) for its employees with an objective to improve productivity and efficiency

Mahindra and Mahindra offers its personal vehicles range on monthly subscription
Business

Mahindra and Mahindra offers its personal vehicles range on monthly subscription

Home-grown auto major Mahindra & Mahindra rolled out on Thursday a subscription-based service for retail buyers of its personal range of vehicles to boost plummeting demand

Tata Motors global sales decline 32% to hit 72,624 units in August; JLR sales down 7%
Business

Tata Motors global sales decline 32% to hit 72,624 units in August; JLR sales down 7%

Tata Motors on Wednesday reported a 32 percent decline in global sales, including that of Jaguar Land Rover, to 72,464 units in August

Auto sector slowdown: Ashok Leyland to suspend production at various plants this month
Business

Auto sector slowdown: Ashok Leyland to suspend production at various plants this month

Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand

Indian auto industry growth story about to collapse: Tata Motors CEO and Managing Director Guenter Butschek
Business

Indian auto industry growth story about to collapse: Tata Motors CEO and Managing Director Guenter Butschek

Indian automobile industry growth story is about to collapse due to ongoing slump triggered by a variety of factors, including low consumer sentiment and non-availability of liquidity, Tata Motors CEO and Managing Director Guenter Butschek said on Thursday

Auto stocks jump up to 7.8% after Nitin Gadkari assures all possible support to crisis-hit industry
Business

Auto stocks jump up to 7.8% after Nitin Gadkari assures all possible support to crisis-hit industry

Automobile stocks jumped up to 7.8 percent on Thursday after Union Minister Nitin Gadkari assured the crisis-hit industry of all possible support