Page 6 - Automobile Sector

Automakers invest around $491 million in Indian start-ups in 2018

Firms also concluded a pact on the overseas expansion of the used car and motorcycle marketplace business

After dull festive season, dealers see revival signs in auto industry

FADA said there has been a correction in the extremely high dealer inventory levels due to moderation in wholesale billing by manufacturers

India's automobile sector may attract $8-10-bn investments by 2023: Govt

The government and the automotive sector have articulated their objectives for the future of the industry through the Automotive Mission Plan 2016-26

9 out of 17 mass market PV makers witness sales decline in Apr-Oct

Among the major global brands which saw a decline in their sales in India during the period were Volkswagen, Renault Nissan and Skoda

R&D spending picks up again at automobile companies in 2017-18

That fall in 2016-17 and the somewhat moderate rise (4.7 per cent) in FY18, came after steep rises in earlier years, as the industry tried to meet tighter rules

Big SUVs all set to displace smaller peers, to be new kings of road

The Mahindra S201, a compact SUV based on the SsangYong Tivoli platform, is expected to go on sale in the beginning of 2019

Govt plans to set up ombudsman to empower automobile owners and new buyers

India has had an ombudsman for banking sector since 1995 to address deficiency in banking services

Govt must have clarity on what it wants from auto industry: Vinod Dasari

Vinod Dasari, whose tenure as president of automobile industry body Siam ended early this month, has said the government needs to make up its mind on what it wants from the industry. "Our gripe with the ministry and government is not about regulation. They need to regulate the industry but they must make up their mind and not keep changing it frequently. You decide whatever is in national interest and we will follow," Dasari, managing director and chief executive officer at Ashok Leyland said in an interaction. Dasari said the minister (Nitin Gadkari) wants industry to switch to electric vehicles. But he points out that one day the government talks of BSVI, other day ethanol, next about CNG and now electric vehicles. "All these are different. Which one should I develop and by when, which technology you want is not clear and the industry is blamed. If you don't know, work with us," argues Dasari. Gadkari said early this month that the government will 'bulldoze' the industry if it does .

Auto firms put chiefs' pay on the fast track; bosses earn portion of profit

Automobile companies posted record profits in 2016-17

CV makers or financiers, whom to bet on?

Automobile companies have been the biggest gainers on the bourses this year. The BSE Auto index scaled a 52-week high last week, with Maruti Suzuki, Hero MotoCorp and TVS Motor gaining 24-50 per cent year-to-date. Mahindra & Mahindra (M&M) and Ashok Leyland have been top gainers with a 17-18 per cent increase in their stock prices since January despite the overhang of a change in emission norms and a tough March quarter.A part of stock price run-up for original equipment manufacturers (OEMs), or automakers, may also be credited to the hopes of a normal monsoon this year. Earnings and sales volume growth for OEMs may remain muted in the first half of FY18 for various reasons, including dealer-level adjustments for goods and services tax (GST), and the ability to implement a price hike. The Street is anticipating a 100-120 basis point pressure on the operating margins of OEMs. But, it is likely that margins may deteriorate even further as OEMs, including commercial vehicle ...