Auto Sector Jobs In India

Concerns persist regarding PV inventory levels, which are now within the 50-55 day range

The company's revenue also surged by 19 per cent to Rs 11,429 crore

Indians bought a record 4 million passenger vehicles in fiscal year 2022-23, led by demand for sports utility vehicles

In FY20, 170,000 new jobs were added, while the net addition was 176,000 in FY19, shows a CARE Ratings report

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years

Company indulging in heavy discounts to get customers back

Will be a political call now; state finance ministers to decide on September 20

The first-quarter GDP data showed the economy losing steam

Analysts and industry representatives fear that the slowdown in new car sales could have a spillover effect on the used car market

With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check

Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

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

I believe the government's measures to push the auto industry towards change are sincere and far-sighted, Mahindra said

According to a source, the government wanted to understand from the industry about the reasons of the ongoing slump in demand

To revive the sector, auto executives plan to demand tax cuts and easier access to financing for both dealers and consumers

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

The findings are part of the 'Future of jobs in India: A 2022 perspective' report by Ficci-Nasscom and EY