Page 2 - Auto Dealers

After a washout month, automobile industry seeks resumption of business

All manufacturers reported zero sales in April as factories and dealerships were shut

After a month of zero sales auto dealers gear up to get back into business

Manufacturers have sent out SOPs and norms dealers must follow before starting operations; Maruti and Hyundai have already opened a few outlets, others are awaiting permission

A month after lockdown, auto dealers making first moves to get back to biz

Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.

Covid-19 lockdown: Labour, stockpile make carmakers delay production

Supply chain glitches and unavailability of labour also a deterrent

Auto dealers fear heavy losses with BS-IV inventory stuck due to Covid-19

The dealers can only sell BS-IV inventory till April 24, under the current situation. The SC had said the relaxation was not for the Delhi-NCR region, making dealers of the area particularly tense

Automobile dealers move SC to sell BS IV inventory beyond April 1 deadline

Federation of Automobile Dealers Associations (FADA) members are operating on 3-5 per cent gross margins of the cost of the vehicles

High festive-season discounts bring much-needed respite to auto dealers

Retail sales of passenger vehicles - largest component of the pie - jumped 11% in Oct

Dealers threaten legal action against UM Motor's JV company in India

According to Fada, automobile dealers have incurred a total estimated capital loss of around Rs 150 crore, and around 2,500 jobs have also been affected

Auto dealers unsure of a revival in consumer sentiment in festive season

A slump during the festive season would eliminate any chance of revival of the auto sector this financial year

Carmakers eye subscription, leasing to offset dwindling dealership sales

These new business models have been driven by the changing dynamics of transportation and vehicle ownership

SBI tightens lending terms for auto dealers as sector sees downturn: Source

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral

Now auto dealers asked to report transcations above Rs 2 lakh

Directorate of Income Tax S S Rana had said that motor vehicle dealers would have to mandatory quote their PAN number of buyers