Page 267 - Auto

Automakers may offer incentives to customers for scrapping old vehicles

Govt proposes manufacturers should bear the burden of discounts to push new CVs

Corporation tax cut: Toyota plans to bring key global suppliers to India

Toyota may set up a separate entity for electric, hybrid vehicles

Hyundai India net profit grows 21.5% in 2018-19 despite slow down

The company achieved its highest ever wholesale sales volume--of 52,001 units--in October 2018.

Tax cuts will attract FDI in manufacturing, benefit auto industry: Icra

Indian auto manufacturers have imported components worth $17.6 billion during 2019-20 (till now) and this is likely to increase further in 2020-21 given the transitionary phase towards stricter safety

Corporate tax rate cut may not benefit auto buyers, say analysts

Tax cut may not translate into a price cut for auto buyers as companies have been taking a hit by doling out discounts and incentives to boost sales in a dull market

Auto slowdown, uncertainity forces component industry to cut down capex

The component manufacturers have found themselves fighting the downturn with lower utilisation of existing capacity

Fitment panel rejects demands of GST rate cut for auto, biscuit industry

The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent to 12 per cent, sources said

Slowdown-hit auto components' outlook revised from stable to negative: Icra

Further, liquidity issues across the aftermarket dealer channel have led to de-stocking, curtailing fresh demand from component manufacturers, it added

Auto sector's rate-cut hopes fade as GST cess collection declines

Some states have asked for rate cuts for 5-star hotels; relief for cement, biscuit industries may be discussed

Maruti Suzuki blames increase in ownership cost for declining car sales

Company indulging in heavy discounts to get customers back

Concept cars gleam, but executive dread clouds Frankfurt Auto Show

A global downturn, technology shifts putting unprecedented pressure on automakers

Despite heavy discounts, festive season fail to drive up vehicle sales

According to reports, discounts offered were 10-25 per cent on sticker prices, depending on the model

Auto sales growth outlook revised to 5-7% for FY20, says report

The auto sales in the same period last year registered a double-digit growth at 14.5 per cent

With half their fleet idle, transporters feel the pinch of auto slowdown

Some fleet owners are even considering selling some trucks to tide over the slowdown

Toyota Motor is trying to figure out how to make a car run forever

A Prius plug-in hybrid that sells for more than 3 million yen offers solar panels as an option

States rule out GST rate cut on automobiles amid grim revenue situation

Says slowdown in sector not linked to GST

While jury's out on millennials, used cars partly to blame for auto slump

New car sales suffered their biggest monthly decline on record in August, as deliveries fell 41% from a year earlier to 115,957 units

Ola, Uber not 'strong factor' in auto sector slowdown: Maruti Suzuki

Ownership pattern in India still has not changed and people purchase cars with an "aspirational aspect", MSI Executive Director (Marketing and Sales) Shashank Srivastava said in an interview

Auto slowdown: Ashok Leyland declares non-working days across units in Sept

Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees

Slowdown blues: Auto sales down 23.5%, worst slump in two decades

Maruti Suzuki India posted 36.14% decline in its August sales at 93,173 units