Auto stocks jump up to 10.5 percent on sales growth in January 2021, new voluntary vehicle scrapping policy
Auto majors Maruti Suzuki, Hyundai Motor, M&M, Tata Motors, Honda and MG Motor reported growth in their domestic passenger vehicle sales in January.
The auto sector is enthused by the government's move on long-awaited scrappage policy and focus on better road infrastructure
Union Budget 2021: Banking, health, infra sectors welcome announcements; hospitality, tourism regret lack of immediate support
Hospitality and Tourism roughly account for 10 percent of India's GDP and employ nearly 9 percent of India's working population and yet, it failed to find space in the Union Budget, FHRAI vice-president Gurbaxish Singh Kohli said
The auto industry expects relief from the Union Budget 2021 in multiple areas including direct and indirect taxation
In its Budget recommendations, the Federation of Automobile Dealers Associations also said auto dealers should be kept out of annual tax collected at source of 0.1%
Connected cars poised to become common phenomenon in India in near future with adoption of EVs: Study
The consumers' willingness to pay for advanced and connected technologies has improved over the last two years which is evident in the rising sales of cars
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)
Auto industry to benefit from corporate tax revision; will attract FDI in manufacturing sector: ICRA
The automotive industry, which accounts for about half of the country's manufacturing GDP, is likely to be one of the key beneficiaries of corporate tax revision, rating agency ICRA said on Monday
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
Economic slowdown: Online hiring slips 5% in Jan-June 2019; automotive, ancillaries, tyre sectors hard hit
Metro cities have shown a lower hiring demand like Delhi (3 percent), Mumbai (0 percent), Bangalore (1 percent) and Hyderabad (3 percent) showed a marginal increase in demand
Sundaram-Clayton, Hero MotoCorp announce temporary production shutdown amid slowdown in auto industry
TVS group auto component maker Sundaram-Clayton Ltd (SCL) on Friday said it will be shutting its Padi factory in Tamil Nadu for two days owing to a slowdown in the automotive industry, joining two-wheeler major Hero MotoCorp which also announced the closure of its plants for four days
Ratings agency ICRA on Tuesday said demand slowdown will curtail tyre industry's revenue growth to 3-4 percent in 2019-20, and margins are expected to decline
Continuing to face rough weather, Maruti Suzuki, Hyundai and three other auto majors reported a double-digit decline in sales in July as consumer sentiment remained subdued
India's tyre sector may grow 7-9% in 5 years buoyed by demand, lower crude; domestic margins to improve
The domestic tyre industry has benefited from strong growth in both original equipment (OE) and replacement segments in the ongoing fiscal, according to ICRA note.
Elon Musk says he's talking with Saudi wealth fund to take Tesla private but deal isn't done yet; expects one third shareholders will bite at $420 per share
Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday.
HCL Tech acquires H&D International for 30 mn euros; takeover to help company get foothold in German market
H&D International Group operates in over 20 locations globally including Germany, the US, Czech Republic and Poland
Conducive policy environment, tech development and setting up of a manufacturing ecosystem for electric vehicles can drive electric mobility in India.
Audi's main objective here is to see which model car can complete a lap of Audi's test course, which includes achieving maneuvers in the quickest of times.
Tata announces price cuts in cars up to Rs 2.17 lakh to pass on benefits of GST rollout to customers
Tata Manufacturers joined the likes of Honda, Ford and Maruti Suzuki to cut down prices of their products due to GST.
The organisation here in India turned out more bureaucratic and that has been a critical reason for its downfall