Automotive Industry

Showing of 1 - 20 from 53 results
Automotive Industry - Total results - 53
Auto stocks jump up to 10.5 percent on sales growth in January 2021, new voluntary vehicle scrapping policy
News & Analysis

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.

Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues
Business

Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues

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
Business

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

Union Budget 2021:  Auto sector expects relief in custom duties; EV units seek tax holiday
Business

Union Budget 2021: Auto sector expects relief in custom duties; EV units seek tax holiday

The auto industry expects relief from the Union Budget 2021 in multiple areas including direct and indirect taxation

Union Budget 2021: Auto dealers' body demands depreciation benefits for individual taxpayers
India

Union Budget 2021: Auto dealers' body demands depreciation benefits for individual taxpayers

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
Business

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
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)

Auto industry to benefit from corporate tax revision; will attract FDI in manufacturing sector: ICRA
Business

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
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

Economic slowdown: Online hiring slips 5% in Jan-June 2019; automotive, ancillaries, tyre sectors hard hit
Business

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
Business

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

Demand slowdown to curtail tyre industry revenue growth to 3-4% in FY20: ICRA
Business

Demand slowdown to curtail tyre industry revenue growth to 3-4% in FY20: ICRA

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

Auto majors in slow lane; July sales see double-digit slump as consumer sentiment remained subdued
Business

Auto majors in slow lane; July sales see double-digit slump as consumer sentiment remained subdued

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
Business

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
World

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
Business

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

A survey calls for comprehensive action to help electric vehicles grow in the Indian market
News & Analysis

A survey calls for comprehensive action to help electric vehicles grow in the Indian market

Conducive policy environment, tech development and setting up of a manufacturing ecosystem for electric vehicles can drive electric mobility in India.

Audi to host third edition of its autonomous driving cup; offers winners placements and internships
News & Analysis

Audi to host third edition of its autonomous driving cup; offers winners placements and internships

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
News & Analysis

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.

General Motors stops selling cars in India: Here's what went wrong for the auto major
Business

General Motors stops selling cars in India: Here's what went wrong for the auto major

The organisation here in India turned out more bureaucratic and that has been a critical reason for its downfall