Page 5 - Auto Industry India

Auto industry not in position to make investments for new norms: SIAM

SIAM also noted that government support was required to pursue the targets set under the Automotive Mission Plan 2026 (AMP 2026)

Overdue replacement cycle to drive recovery in commercial vehicles: VECV

Overdue replacement cycle of commercial vehicles will drive recovery in the market, while demand for trucks is expected to start coming back from October-November onwards

Coronavirus outbreak: Carmakers, suppliers brace for stormy days

Expect overall sales to fall by 25-30% year-on-year, warns Rajan Wadhera, president of the Society of Indian Automobile Manufacturers

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 ...

Automaker Ather plans to ramp up ops, expand Ather Space, Ather Grid

As part of its expansion plan, the auto-maker plans to take Ather Space, its flagship experience centre format, across key cities like Coimbatore

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

PM's word on co-existence of fossil-based cars, EVs gives clarity: Industry

Society of Indian Automobile Manufacturers President Rajan Wadhera said the assurance is completely in-line with SIAM's recommendations that all relevant technologies should co-exist in India

Maruti Suzuki cuts production for eighth straight month in September

Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country's largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki India (MSI) said in a regulatory filing. Passenger vehicles' production last month stood at 1,30,264 units as against 1,57,659 units in September 2018, a decline of 17.37 per cent, it added. Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 98,337 units as against 1,15,576 units in September last year, down 14.91 per cent. Similarly, production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross declined 17.05 per cent to 18,435 units as compared with 22,226 units a year ago. Mid-sized sedan Ciaz saw its production reduced to 2,350 units in September from 4,739 units in the

GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%

Maruti Suzuki reduces output for 7th straight month in Aug with 34% cut

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, Maruti Suzuki India (MSI) said in a filing to the BSE on Monday

Mahindra and Mahindra's sales drop 25% to 36,085 units in August

The company had sold 48,324 units in the corresponding month last year, M&M said in a statement.

Chhattisgarh auto sales surge, backed by rural growth amid slowdown

A slump in sales across the country has plunged the sector into a severe crisis

Auto companies cut more jobs, halt production as India slowdown bites

Toyota, Hyundai halt production; auto part makers Denso, Bellsonica cut 350 jobs each.

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

'Part of the business': Maruti says 3,000 temporary jobs cut in slowdown

Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry

Slowdown impact: Ashok Leyland starts staff separation schemes to cut cost

The company had earlier said it was implementing cost-cutting measures to save around Rs 500 crore to mitigate the impact of slowdown in the market

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Move over Mr Knight Rider, connected cars are finally arriving in India

5G-ready eSIMs will be a key enabler for the automotive sector as the era of connected vehicles dawns

Eastern zone emerges fastest-growing market for auto firms; PV sales up 17%

The growth seen in the East was much higher than the national average growth of sub-8 per cent in FY18

India's Detroit 'struggles' as new states become growth drivers

The auto industry is at risk of taking on another characteristic of the American city - the demise of a manufacturing powerhouse