Page 10 - Auto Demand

Used-CV sales surge on rural demand uptick, health ministry guidelines

Small Commercial Vehicles and Light Commercial Vehicles are buoyant, Medium and Heavt segment yet to see traction

Covid-19 impact: BMW India sales fall 17% to 2,482 units in January-March

BMW Motorrad motorcycle sales, however, rose 71.52 per cent to 1,024 units during the first quarter of the year as compared with 597 units in January-March period last year.

Coronavirus outbreak: Passenger vehicle sales plunge 51% in March

Two-wheeler sales saw a decline of nearly 40%, says Siam

Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker

The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.

Coronavirus impact: Auto manufacturers face second-hand challenge

The second-hand vehicle segment is expected to capture a larger share of the two wheeler and passenger car markets

Coronavirus lockdown: Auto volumes hit slow gear, could witness 50% decline

While sales of passenger vehicles and two-wheelers were expected to fall 40-50 per cent, sales of commercial vehicles are expected to dip 70-90 per cent.

War on Covid-19: Major auto, electronic units in Tamil Nadu come to a halt

People-first approach marks decision with some firms saying there will be no pay or job cuts

Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery

It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend

Auto sector slowdown to continue as demand unlikely to revive: Report

The 3 million-plus-units domestic auto industry has seen volume plunging over 16 per cent as of December-end 2019, with some of the segments performing even worse

Auto slowdown due to loan related issues, BS-VI transition: Tata Motors

"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said

Auto Expo: Over 70 launches scheduled as manufacturers bank on sentiments

During the six-day-long event, automakers have planned 10 global launches, 26 India specific launches, six concept vehicles, seven facelifts and 21 vehicle unveilings (just displays)

Will get back to growth path by H2FY21: Tata Motors CEO Guenter Butschek

'It's the retail that should trigger wholesale and wholesale should trigger production', says Butschek

Auto sector hiring for manufacturing, sales, quality control roles: Study

The recruitment scenario may be grim right now but the market is gearing up for a U-turn and there is already a silver lining showing in the automobiles sector, which is actively hiring for the manufacturing, sales and quality control roles, says a study. According to TimesJobs RecruiteX, the automobiles sector noted an 8 per cent growth in talent demand in December 2019 as compared to November 2019. It further noted that the infrastructure sector posted the highest growth of 14 per cent in talent demand. "The hiring sentiment right now is hinting at the 'revival mode'. The automobiles sector is a classic example here. The sector is undergoing a major revamp in its offerings as electric vehicles and alongside it is also prepping up its personnel requirement to fit the new scheme of thing," said Sanjay Goyal, business head, TimesJobs and TechGigsaid. "In December 2019, the sector was actively looking for professionals who can make (R&D) and sell the new product lines. The ...

Kia Motors India appoints Tae-Jin Park as Executive Director, CSO

Kia Motors India (KMI) on Tuesday said it has appointed Tae-Jin Park as Executive Director and Chief Sales Officer with immediate effect. Park, who replaces Yong S Kim, will be responsible for driving Kia Motors' sales, marketing, service and network development in the Indian market, the company said in a statement. Kim is moving back to Kia Motors Corporation headquarters in Seoul. He had played an instrumental role in establishing Kia in India, setting up its sales network and contributed to positioning the brand amongst the top five automobile manufacturers in just four months of operations, it added. Commenting on the appointment, Kia Motors India Managing Director & CEO Kookhyun Shim said Park comes with immense knowledge of global markets and expertise in penetrating a new market. "We have witnessed a huge demand for Seltos in India and the love for brand Kia grows continuously. We are confident with Park's joining Kia will grow from strength to strength," he added. Shim ...

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

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

Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019

Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago

Hyundai Motor sales down nearly 10% to 50,135 units in December

The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 per cent

Real growth story to start next festive season: M&M Finance MD Ramesh Iyer

RAMESH IYER, vice-chairman and managing director of the company, tells Shreepad S Aute that NBFCs may not be able to cover the fall in loan sanctions in the second half

After festive cheer, passenger vehicle sales hit the slow lane in November

Domestic passenger vehicle sales fell 0.84 per cent year-on-year (YoY) to 264,000 units in November, according to the data released by industry body Society of Indian Automobile Manufacturers

Now, BJP MP says auto-sector slowdown is a fabrication to 'defame' country

Virendra Singh Mast, the BJP MP from Balia, questioned the claims of slowdown in the auto sector and said there are many households in the country that have multiple cars and there is jam on streets