Page 35 - Auto Sector
Sportcars to EVs, new wheels on the block set to drive interest in 2021
The latest sportscars, sedans, SUVs and electric vehicles to look forward to this year
 "Sportcars to EVs, new wheels on the block set to drive interest in 2021")
Telecom, pharma on revival path as businesses limp back to pre-Covid levels
In the second part of the series, we are looking at the telecom, pharma, and automotive sectors
 "Telecom, pharma on revival path as businesses limp back to pre-Covid levels")
Honda's been in India for close to two decades. It needs a turnaround plan
The closure of one of its two plants and the discontinuation of two models highlight the Japanese auto-maker's weaknesses in India
 "Honda's been in India for close to two decades. It needs a turnaround plan")
Bajaj Auto to invest Rs 650 crore to set up new plant in Maharashtra
The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023
 "Bajaj Auto to invest Rs 650 crore to set up new plant in Maharashtra")
Bajaj Auto signs MoU with Maharashtra govt for Rs 650 crore plant
Bajaj Auto on Tuesday said it has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.
Covid-19-battered auto sector drives into 2021 with cautious optimism
Already battered by an unprecedented slowdown before the coronavirus pandemic, the resilience of the Indian auto industry was tested severely when the nationwide lockdown was announced towards March
 "Covid-19-battered auto sector drives into 2021 with cautious optimism")
Auto firms stare at supply outages amid global shortage of semiconductors
This comes at a time when demand in world's fifth largest auto market is in the initial stage of recovery after the Coronavirus pandemic-induced lockdown earlier this year
 "Auto firms stare at supply outages amid global shortage of semiconductors")
Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland
The company is expected to gain market share led by higher tonnage trucks
 "Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland")
India needs $180 billion investment to realise EV ambitions by 2030
Consistent policy support would also be critical to achieve EV goals
 "India needs $180 billion investment to realise EV ambitions by 2030")
Uber India plans to expand footprint, take auto rental business global
Plans to innovate auto service products in India and replicate them in emerging markets
 "Uber India plans to expand footprint, take auto rental business global")
Companies see Haryana local hiring bill hurting state, industry growth
Auto sector, which is likely to hit most if the bill becomes law, is planning to move the state govt via industry bodies like CII
 "Companies see Haryana local hiring bill hurting state, industry growth")
Auto sector hiring continues to improve, sees 29% growth in Sept: Report
Hiring in India's auto sector continued to improve with a 29 per cent sequential growth in September this year although it remains below the pre-Covid-19 period, according to Naukri.com
 "Auto sector hiring continues to improve, sees 29% growth in Sept: Report")
Sharp surge in Sept domestic auto wholesales hints at recovery: Report
A sharp surge in domestic wholesales during September in segments such as tractors, passenger vehicles and two-wheelers is indicative of a recovery
 "Sharp surge in Sept domestic auto wholesales hints at recovery: Report")
Increasing production, sales during festive season our focus now: SIAM
The auto sector's priority now is to increase production and sales to cater to the festive season demand, while other matters like reduction in GST rate could be taken up at a later stage, SIAM said
 "Increasing production, sales during festive season our focus now: SIAM")
Passenger vehicle sales rise 26% in Sept; up for 2nd straight month: SIAM
Scooter sales were also up marginally at 5,56,205 units from 5,55,754 units in the same month last year
 "Passenger vehicle sales rise 26% in Sept; up for 2nd straight month: SIAM")
Maruti remains bullish on long-term growth of auto sector despite hurdles
Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes
 "Maruti remains bullish on long-term growth of auto sector despite hurdles")
No easing GST rate, automakers should cut royalty payments: FinMin sources
They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis
Top headlines: GST cut for auto sector unlikely, Happiest Minds IPO shines
Business Standard brings you the top headlines of the day
 "Top headlines: GST cut for auto sector unlikely, Happiest Minds IPO shines")
Indian auto industry needs road map for localisation push: Report
Exports and a focus on domestic market offer major potential opportunity areas for Indian auto industry but the sector needs a road map for localisation, according to a report by consultancy firm EY
 "Indian auto industry needs road map for localisation push: Report")
Improve output, explore smart solutions: Goyal to auto components industry
While addressing the Automotive Component Manufacturers Association''s (ACMA) 60th annual session, the minister said that there is a huge demand for trusted partners in resilient global supply chains
 "Improve output, explore smart solutions: Goyal to auto components industry")