Page 5 - Automobile Sector

Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more

From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday

There is economic regression, situation akin to 'financial emergency': Cong

The other issues raised by Cong spokesperson include falling GDP, shrinking labour force, recession in real estate sector, continuous weakening of rupee, and falling FDI and FPI

Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame

Company says while the closure of plants has been partly due to holidays for Independence Day and Raksha Bandhan, it also reflects the prevailing market demand scenario

Top 10 biz headlines: Stimulus in the works, govt may fully exit AI & more

From govt moving closer to a complete exit from Air India to the grumble of economic slowdown getting louder for corporate India, here are the top business headlines for Friday

Auto sector may start seeing growth between Jan and Apr 2020: TVS Motor CMD

TVS Motor Company Chairman and Managing Director Venu Srinivasan also said that there has been a significant cost increase from BS-III to BS-VI

Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Top 10 biz headlines: Auto crisis worsens, India Inc gets CSR relief & more

From Amazon closing in on buying stake in Future Retail to Japan cautioning Andhra against reworking green power pacts, here are the top ten business headlines on Wednesday

Slowdown in auto sector has impacted steel sector: Tata Steel CEO Narendran

The demand for steel in India has to pick up and that depends a lot on construction and automobile sectors, he added

About 350,000 laid off since April as automobile crisis deepens: Report

Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers 100,000, with the remaining job losses at dealers

How fast is India growing?

With corporate earnings not meeting expectations and automobile sales plunging in July 2019, the story could get uglier

EV push, registration charge hike to dent 2-wheeler segment most: analysts

Analysts say while the decision to slash duty on EVs is a step in the right direction, the proposal to hike registration and renewal charges will hurt the already ailing auto sector

E-mobility: Why the Indian auto sector is reluctant to take the great leap

Frequent shifts in the goalpost are sending out confusing signals to an industry used to long investment cycles

India gets its act together on EVs, the roadblock is in supporting tech

While the govt and NITI Aayog have done much groundwork on technologies like AI, IoT and analytics, the hitch lies in execution

PVs best placed in auto sector; Maruti is favoured pick in the listed space

The auto sector has been the worst performer among sectoral indices over the last year, shedding 34.5 per cent, while the Sensex and the Nifty were down marginally

Ashok Leyland profit shrinks by 45%; market share grows in MHCV segment

The revenue of the company dropped by 9% to Rs 5,684 crore from Rs 6,263 crore YoY

Govt intervention needed to save auto component sector jobs: ACMA president

Leading industry body head says the govt should intervene with measures like cutting the GST rate to 18% across the entire auto and auto component sector

Nearly 30 new car, 20 two-wheeler launches lined up till March 2020

Rise of the millennial population, increasing disposable income and availability of innovative mobility solutions will drive the market

Next 6 months will be volatile for auto sector over BS-VI shift: MRF CMD

Indian automotive industry is at an inflection point where both opportunities and challenges abound in equal measure

Market capitalisation of ancillary firms shrinks with auto sector slowdown

Even minor changes in regulations and law have had knock-on effects, hurting sales