Page 11 - Auto Demand

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

Auto-tech startups pave new road to growth even as sector suffers slowdown

The Indian car rental industry has grown at a CAGR of 24.6% during 2015-19 as new-age millennial consumers prefer experiences over ownership

Amid slowdown, steel companies reduce prices for automakers by 14%

A steel producer said lower prices would hopefully support the auto sector

Festive sales help passenger vehicles snap 11-month declining streak in Oct

UV launches, steep festival discounts bolster sales

Govt notifies scrapping policy, mandates discounts on junking old cars

OEMs, dealers to aid the collection of old vehicles, recyclable spares through the take-back scheme, or by setting up scrapping centres or through tie-ups with such facilities

Suzuki dials back on promise of India's auto market, and it is not alone

India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power

Fintech firms hire 700,000 people who lost jobs in slowdown-hit sectors

The tenure of such jobs is about 6-8 months, with Amazon and Flipkart creating the primary demand for labour

Parliamentary panel to study automobile industry slump, seek revival steps

Committee overseeing work of the Ministry of Heavy Industries and Enterprises to explore a new format.

Agile, but not fragile: How business can strike the right balance

In the current market slowdown, companies can go too far in the pursuit of agility, threatening profits and operations and ultimately making themselves more fragile than they need to be

Auto-parts maker Pricol announces non-working days as industry slumps

The slowdown in the automobile sector has forced many manufacturers and component suppliers to cut production and plan temporary plant closures

Auto, construction sectors slowdown to drag non-ferrous metals demand

A forecast by ratings agency Icra notes that the consumption growths of aluminium, copper and zinc are slated to remain tepid in the range of 3-5 per cent

Car sales continue to slide in Sept despite heavy discounts and offers

Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer

Tata Motors reports 48% sales decline in September at 36,376 units

The company had sold a total of 69,991 units in the same month last year, Tata Motors said in a statement

Steel industry seeks booster for demand revival amid economic slowdown

Against this backdrop, says the industry, the corporate tax cut announced by the central government is not going to change much for now

Sensex zooms over 3,000 points in two days. Is it time to book profit?

The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts

With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

Are safety costs and rising state taxes hindering car sales in India?

Buyers appear more concerned about higher upfront payments and seem reluctant to bear higher cost of safety norms

Why the FM has a point about app-based taxis impacting car demand

With economic slowdown, financial sector woes, the wait for stricter emission norms also at play, why don't car makers who can afford to slash prices do so to keep sales ticking, asks T N Ninan