Page 29 - Auto Sector

R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years

Govt aims to raise auto sector contribution to GDP, job creation: Gadkari

The government looks to increase contribution of automobile sector to India's GDP to 12 per cent from the present 7.1 per cent and grow employment generation to 50 million from the current 37 million

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Royal Enfield CEO Vinod Dasari steps down; COO Govindarajan to replace him

Govindarajan had spent more than 23 years across Royal Enfield and Eicher Motors

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Demand revival puts auto sales in top gear, Maruti posts 50% growth

Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year

We haven't had any impact of chip shortage on our business: KPIT Tech chief

In a Q&A, Kishore Patil talks about growth drivers, impact of chip shortages on auto sector and acquisitions

Kia Motors dealers most satisfied across vehicle categories: FADA

Kia Motors India was followed by MG Motor and Toyota Kirloskar Motor in the four-wheeler mass-market segment

Auto component industry revenues to grow by 20-23% in FY22: Icra

Indian auto component industry is expected to post 20-23 per cent revenue growth in the current fiscal aided by strong exports and recovery in the domestic market, as per rating agency Icra.

Tata Motors Q1 Preview: Analysts estimate up to Rs 2,000 cr loss

Here's what leading brokerages expect from the automaker's Q1 results

About 90% consumers in India willing to pay a premium for buying EV: Survey

The top reason for buying an EV is environmental concern

Samsung unveils new automotive image sensor; eyes expanion beyond mobiles

Samsung Electronics on Tuesday released a new automotive image sensor as the tech giant eyes to expand its presence beyond the mobile sector

Maruti Suzuki raises prices of Swift, CNG models as input costs bite

The new prices are effective from today i.e. 12th July, 2021

IT, pharma, textile, auto ancillary sectors stand to gain from a weak rupee

The textiles sector saw a recovery in Q4FY21 and a weaker rupee could make it more competitive, and boost exports

Force Motors surges 13% as June sales more than double

The company's total auto sales more-than-doubled or rose 124 per cent YoY to 1,925 units in June 2021

Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector

What are flexible fuel vehicles or FFVs? What is the benefit of using such vehicle? To know this and more, listen to the podcast

Tata Motors to remain sharply focused on high-growth segments of the market

Encouraged by turnaround in passenger vehicle business in terms of volumes, market share and brand recall, the firm is no longer in a hurry to forge JV or enter technical tie-ups

Steel firms expect pick-up in domestic demand from July, led by auto sector

Housing sector demand yet to get back with construction activity being impacted by lockdowns and migration of workers

India to require 400,000 charging stations for 2 mn EVs by 2026: Report

As per EV industry body - Society of Manufacturers of Electric Vehicles - there are 1,800 charging stations in India as of March 2021

Talbros Automotive's profit rise multifold to Rs 12.7 cr in Mar quarter

Auto component maker Talbros Automotive on Tuesday reported a multifold rise in consolidated profit to Rs 12.7 crore for the March 2021 quarter, backed by product mix and higher capacity utilisation.