Automobile Firms
Fresh investments in auto sector unlikely; long, dark period ahead: Siam
Wadhera said job losses in the auto sector cannot be ruled out
 "Fresh investments in auto sector unlikely; long, dark period ahead: Siam")
Auto dealers fear huge losses with BS-IV inventory stuck in Covid-19 jam
They say the 10-day extension given for the sale of these vehicles will serve no purpose as consumer sentiment is not likely to revive after the lockdown is lifted
 "Auto dealers fear huge losses with BS-IV inventory stuck in Covid-19 jam")
No slowdown, auto sector making hue and cry to get package from govt: CAIT
Citing an example of new vehicle launches, CAIT said companies have received huge number of bookings, which do not reflect any slowdown in the sector
 "No slowdown, auto sector making hue and cry to get package from govt: CAIT")
Auto sector problem 'minor', will be 'tackled and settled': Meghwal
The minister also said the government would also look into possibility of extending export incentives to the auto industry
 "Auto sector problem 'minor', will be 'tackled and settled': Meghwal")
Auto sales in August to be 'far worse' than July, analysts expect 30% fall
At present, the sector has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints
 "Auto sales in August to be 'far worse' than July, analysts expect 30% fall")
Govt has done its bit, now industry must create demand: BMW Group India CEO
India is not a short-term story and we believe in its long-term growth, said BMW Group India CEO
 "Govt has done its bit, now industry must create demand: BMW Group India CEO")
Auto companies cut more jobs, halt production as India slowdown bites
Toyota, Hyundai halt production; auto part makers Denso, Bellsonica cut 350 jobs each.
 "Auto companies cut more jobs, halt production as India slowdown bites")
Downgrade cycle for auto firms to continue, more concerns likely to follow
The passenger vehicles market - particularly the volume-heavy entry- to mid-market segments - tends to be sensitive to fuel cost prices
 "Downgrade cycle for auto firms to continue, more concerns likely to follow")
Auto majors in GST gear
Companies hope that GST will simplify the issue of accumulation of VAT credit and refund
 "Auto majors in GST gear")
Automobile firms find fewer reasons to stick to diesel
From 52 per cent four years ago, the share of diesel cars shrunk to 26 per cent in May. This was also lower than the 34 per cent share it enjoyed last financial year, according to SIAM data
 "Automobile firms find fewer reasons to stick to diesel")
Temps make half of auto firms' staff
Maruti Suzuki, Mahindra & Mahindra and Tata Motors saw a rise of 5-25% in temporary and contract workers last year, making up nearly half of their manpower strength
 "Temps make half of auto firms' staff")
