Page 43 - Auto Industry

Top headlines: Japan to support firms moving to India, SC rejects exam plea

From Japan subsidising manufacturing firms moving to India or Bangladesh from China to IndiGo planning to shelve planned QIP if travel picks up, here are the top headlines of the evening

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)

A Covid-19-hit auto industry pitches for incentives to revive demand

At SIAM's 60th annual conclave, the industry body's president blamed the sales slump on an overdose of regulations, liquidity issues and a slowing economy

Steel Strips Wheels bags orders worth $455,000 from US, European Union

The company said orders of similar capacity are anticipated from the same customer base as businesses have picked up speed

Auto majors hold steady on EV plans as pandemic wrecks ICE market

Encouraged by demand pick-up in the past few months, most are going ahead with their planned investments and models

Govt should announce special stimulus package for auto industry: Bosch

Govt should come up with a special stimulus package for the domestic automobile industry in order to revive the segment which is expected to de-grow in the current financial year as well, Bosch said

Biz Buddy: Tamil Nadu's faceless grievance redress mechanism for industries

A first of its kind in India, Tamil Nadu's Biz Buddy is an industry helpdesk that facilitates monitoring and time-bound resolution of issues

Lower GST will help entire auto supply chain: TVS Motor's Sudarshan Venu

Govt would look into the auto industry's demand for lowering the tax rate on two-wheelers, said Sitharaman

Piyush Goyal deliberates on ways to reduce imports in auto sector

Commerce and Industry Minister Piyush Goyal on Thursday held a meeting with various industry associations to discuss ways to reduce imports in the automobile industry

Volkswagen cuts dividend as profits evaporate in pandemic sales slump

Volkswagen cut its dividend proposal for 2019 to 4.80 euros per ordinary share

Symbiosis, the need of the hour

The industry has been engaged in a dialogue with the Union government on a specific set of fiscal measures that would be required to revive demand

Covid-19 relief: Auto industry organises 7.5 mn face masks, 90,000 PPE kits

The industry has set up production capacities to arrange 60,000-plus ventilators and over 1,700 beds

Buses, non-personal passenger cars to adopt electric mobility next: Report

India's first wave of electric mobility adoption has penetrated the two- and three-wheeler segments with a variety of new products

How Tesla is heralding a new culture in auto industry, one car at a time

Investors are betting on Tesla's ability to scale up manufacturing just as they once backed Toyota Motor Corp, which defined the auto industry's last era

India's auto sales volume will take 3-4 years to recover: Industry body

Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March

Motorcycle segment to outperform other auto verticals amid Covid-19: Fitch

'While we forecast that India's motorcycle sales will contract by 23.7 per cent year-on-year in 2020-21, we expect motorcycle production to contract by just 16 per cent year on year," it said

Bad news for financiers: CVs in for a long haul, may be last to recover

Lower fleet utilisation, weak cash flows keep NBFCs under pressure

Auto sales likely to see sequential growth in next 2 months: Report

The tractor segment reported strong volume despite current tough situation owing to positive sentiment following a healthy Rabi output, it said

Rebuilding the automotive chain

Demand generation is crucial to repair the broken supply chain. Steps should be taken to revive consumer confidence, create optimism

Covid-19 impact: Auto biggies face low-liquidity risk, says study

According to the brokerage, companies with debt/Ebitda of less than 0.7 are at low risk