Page 272 - Auto

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

Passenger vehicle sales dip 31.6% in Aug; down ten months in a row: SIAM

In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units

Ashok Leyland hopeful of settling bonus talks with employees' union

Union has earlier demanded 10% payout, but company stood firm on its offer of 5% and at the end of talks, both parties agreed to 5.423%

In a first, Maruti Suzuki to lease 100 sales outlets to car dealers

Strategy will help expand reach, deploy surplus cash

Used commercial vehicle sales see uptick amid auto sector slowdown

On the other side, average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month

Slowdowns are the nurseries of capitalism, says Asha Ram Sihag

Sihag also took a swipe on the industry for calling it an unprecedented slowdown