Page 2 - Auto Exports
Govt decision to limit export incentives under MEIS to hurt TVS Motor most
Profits of Bharat Forge, Bajaj Auto and Balkrishna Industries will also be hit
 "Govt decision to limit export incentives under MEIS to hurt TVS Motor most")
Need PLI schemes for auto export to generate demand: Maruti Suzuki MD-CEO
A Performance Linked Incentive (PLI) scheme for export promotion is needed to generate demand, said Kenichi Ayukawa, MD & CEO, Maruti Suzuki India and SIAM President.
 "Need PLI schemes for auto export to generate demand: Maruti Suzuki MD-CEO")
Centre close to finalising automobile scrappage policy: Nitin Gadkari
The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles
 "Centre close to finalising automobile scrappage policy: Nitin Gadkari")
Auto exports slump 73% in May due to lockdown disruptions: EEPC India
In April-May period of the ongoing financial year, the exports dropped by 83 per cent to $281.1 million from $1,632.7 million in the year ago period, it said
 "Auto exports slump 73% in May due to lockdown disruptions: EEPC India")
Rocky road ahead for auto exporters as demand woes may delay recovery
Tata Motors surged over 19 per cent, while Bharat Forge and Motherson Sumi gained over 9 per cent each
 "Rocky road ahead for auto exporters as demand woes may delay recovery")
BS-VI transition pulls down two-wheeler sales in Feb, but exports pick up
Hero's domestic sales dropped by 20 per cent to 480,196 in February 2020 from 600,616 a year ago. Exports rose to 18,046 units from 16,599 units during the same period
 "BS-VI transition pulls down two-wheeler sales in Feb, but exports pick up")
Commercial vehicles continue to slip, top cos see decline in February sales
Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending
 "Commercial vehicles continue to slip, top cos see decline in February sales")
Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%
The company had sold 56,005 units in the same month last year, M&M said in a statement
 "Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%")
Automobile exports rise 3.9% in Apr-Dec amid slide in domestic sales
Exports in the passenger vehicles (PV) segment grew 6% y-o-y, bolstered by higher despatches to Gulf countries, Latin America and South Africa
 "Automobile exports rise 3.9% in Apr-Dec amid slide in domestic sales")
Two-wheeler makers get export breather amid slump in domestic sales
Two-wheeler exports rise 4% in April-Sep; Bajaj Auto leads the pack
 "Two-wheeler makers get export breather amid slump in domestic sales")
India key export base for auto firms
The trend is increasingly visible among global brands
 "India key export base for auto firms")
