Automobile Sector

Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound

Pent-up demand, rural focus of these segments aid sales recovery

Bucking pandemic slowdown: June tractor production highest since Jan 2019

Timely arrival of monsoon, record Rabi crop as well as government support for agri initiatives helped tractor sales grow in an otherwise dull auto market

Why India's automobile, pharma sectors are not ready to wean off China

India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheap.

Tractor makers buck the slowdown, expect volumes to increase 5-10%

Prospects of a normal monsoon and an expanded government food programme are helping in a modest recovery

Honda commences pre-launch bookings for BS-VI diesel version of Civic

Customers can book the diesel trims of 10th generation Civic from the company's online platform as well as authorised dealers across the country

Alto becomes best-selling model for 16th straight year, says Maruti

The current Alto comes with standard safety features including driver side airbag, anti-lock braking systems and electronic brake-force distribution, reverse parking sensor and high speed alert system

RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs

Rise in group exposure limits to help large corporates

Battling lockdown woes: Daimler India resumes operations near Chennai

The company was able to restart in less than 24 hours after receiving permission from the local authorities

Resume operations, says FM Sitharaman; India Inc cites hurdles in way

Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation

Experts fear massive 40% fall in April GDP, call for unlocking of economy

"There are some signals... the global markets are fearing that India is going to slide into a controlled economy which is very damaging," said former Chief Economic Advisor Kaushik Basu

Maruti introduces new hygiene norms for dealerships amid Covid-19 pandemic

From the time a customer walks into the showroom till the final delivery of the vehicle, all processes have been scientifically studied, says the company

Javadekar takes suggestions from auto industry leaders to reboot sector

He said that the industry has a significant contribution to the GDP of the country

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Dealers knock at the Prime Minister's door as automobile sector hits snag

For the last 15 months, the auto industry has already been under an unexpected severe slowdown

Maruti Suzuki lowers production by 32% in March as slowdown bites

The company produced a total of 92,540 units in March as against 136,201 units in the year-ago month, the auto major said

Coronavirus: Govt asks car manufacturers to explore ventilator production

According to a study Brookings Institution, by May 15, India will need 110,000 to 220,000 ventilators while it currently has 17,850 to 25,556 units

VW to shut most European units for 2 to 3 weeks amid coronavirus spread

Volkswagen's powerful works council concluded it was not possible for workers to maintain a safe distance from each other to prevent contagion and recommended a suspension of production

Motherson Sumi to Tata Motors: Europe slowdown to hit auto sector hard

Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure

Domestic passenger vehicle sales fall 7.6% in February, says Siam

Vehicle sales across categories registered a decline of 19.08 per cent to 1,646,332 units from 2,034,597 units in January 2019, it said.

Banks to lend Rs 1.85 trn to housing, auto, MSMEs in next 6 months

The recently conducted Long Term Repo Operations (LTRO) by RBI are aimed at providing additional durable liquidity to the Banking Sector