Recent Highlights
All Stories for Automotive Industry
Union Budget 2021: Auto dealers' body demands depreciation benefits for individual taxpayers
• 5 years agoIn 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
• 6 years agoThe 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
• 6 years agoThe 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
• 6 years agoThe 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
• 6 years agoIndian 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
• 6 years agoMetro 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
• 6 years agoTVS 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
• 6 years agoRatings 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
• 6 years agoContinuing 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
• 7 years agoThe domestic tyre industry has benefited from strong growth in both original equipment (OE) and replacement segments in the ongoing fiscal, according to ICRA note.