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,
Markets recover: Benchmark indices close day's session with minor losses; Vedanta, ITC, NTPC among top gainers
At close, the benchmark indices recovered sharply: Sensex was down 190.10 points or 0.60 percent at 31371.12, and the Nifty was down 42.65 points or 0.46 percent at 9196.55.
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.
Domestic passenger vehicle sales declined 6.2 percent in January as vehicle demand continued to be stressed by rising cost of ownership and slower GDP growth, automobile industry body SIAM said on Monday
Maruti Suzuki India on Wednesday reported a 2.4 percent rise in car sales in the domestic market during December, as higher demand for compact models such as New WagonR offset a slump in small cars
Domestic car sales decline by 11% to 1.60 lakh units in November; motorcycles sales plunge 15%: SIAM
Vehicle sales across categories registered a decline of 12.05 percent to 17,92,415 units from 20,38,007 units in November 2018
Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it has seen relentless growth in the past seven years. And the parent of the country’s biggest car maker is not alone
Auto sales data debate: Why Anand Mahindra's call to industry to move to retail sales volume reporting makes good sense
Anand Mahindra might not have put it in so many words but the car industry must have a consumer focus is the unstated message.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 4.5 percent increase in total sales at 1,53,435 units in October
GST panel unlikely to favour tax rate cut for auto, component sectors; revenue losses major concern for govt
The auto sector, which has been reeling from the worst slump in nearly two decades, has pushed for a lowering of tax rates at the 20 September GST panel meeting, in a bid to revive vehicle demand.
Maruti Suzuki pins hopes on festive season for demand revival; company to provide attractive offers to consumers
The country's largest carmaker Maruti Suzuki India is pinning hopes on the festive season for a turn around in the auto industry irrespective of government help forthcoming or not, according to a senior company official
Tracking India's economic slowdown: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment
There is more than enough evidence of the economy slowing down
Mahindra and Mahindra AGM: Cut taxes or rollback cess as auto gloom deepens, says chairman Anand Mahindra
Pitching for a lower GST or a rollback of the cess to pull the automobile industry out of the slowdown, M&M group chairman Anand Mahindra on Wednesday said that a revival of the industry would have a ripple effect on the entire economy
Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales
India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy
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
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 33.5 percent decline in total sales at 1,09,264 units in July
Auto stocks fall up to 3% after passenger vehicle sales decline for eighth consecutive month in June
Auto stocks fell up to 3 percent on Wednesday after SIAM data showed that domestic passenger vehicle (PV) sales declined for the eighth consecutive month in June
Domestic passenger vehicle (PV) sales declined by 17.54 percent to 2,25,732 units in June from 2,73,748 units in the year-ago period
Passenger vehicle sales log steepest decline in nearly 18 years, industry seeks govt support to stimulate growth
Passenger vehicle sales in India witnessed the steepest decline in nearly 18 years, dropping by over 20 percent in May, as continued weakness in retail offtake forced manufacturers to cut production in order to adjust to market demand