Page 38 - Auto Sector

India's auto industry has leapfrogged to BSVI in record time: Nitin Gadkari

Gadkari said the government is fully cognizant of the industry's contribution in India's manufacturing growth and the fact it's the biggest employment generator

Greaves Cotton expects e-mobility, auto sectors to grow by 15-20%

Greaves Cotton recently completed the acquisition of EV manufacturer Ampere Vehicles, is looking at penetrating key metros across the country as part of its last-mile connectivity initiative.

Tata Motors drives an ambitious image makeover for passenger vehicle brands

The new campaign must be seen in the context of the industry slowdown and the mandatory implementation of BS VI emission norms from April 2020

70 models to be unveiled as tech takes centre stage at Auto Expo 2020

The six-day event, one of the most prominent on the global motor show calendar, is taking place against the backdrop of the decade's worst and most prolonged slowdown.

From auto to insurance, brands track the men on the FM radio trail

The growing band of male radio listeners is drawing in auto, insurance brands; changing the nature of the medium and traditional advertising patterns

Budget: Telecom, auto sectors stay in stress zone with no direct relief

All three sectors had lobbied hard but the Budget did not offer any respite

Chinese influx poses threat to Indian auto makers; 20% market could be lost

Analysts point out that competition in India is lower than in America or Europe

Auto slowdown due to loan related issues, BS-VI transition: Tata Motors

"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said

SIAM bullish on auto sector revival in 2020 after worst sales in 20 years

Another Chinese player which will be also present for the first time is MG Motors which will bring in their entire range of automobiles in the Expo.

Global carmakers set to firm up India strategy amid auto sales slump

The success of late entrants such as MG and Kia has encouraged them to give it a go

HMSI doesn't expect revival in auto industry for next two quarters

Honda Motorcycle & Scooter India on Wednesday said it does not see any revival in the automobile sector in the near term. The automobile sector recorded its worst-ever sales decline in two decades in 2019. Speaking after the launch of company's third BS-VI compliant product, the 110-cc Activa 6G scooter, Hero Motorcycle & Scooter India (HMSI) Senior Vice President for Sales and Marketing Y S Guleria said he was not very hopeful of the government giving any concession to the industry on GST rates. "If it happens, definitely it will help from customer point of view," he added. "In near future we do not see any positive revival coming in the market, and after sometime in the long term...But for next two quarters, we are not that upbeat because there is a transition which is going to happen from April 1," Guleria said referring to the BS-VI emission norms becoming mandatory. There will be some time lag and that will also shift the demand, he said, adding Honda is also trying to ...

New models, digitisation: How Audi plans to recoup lost ground in India

It will bring new models more frequently, expand service network and focus on digitalisation

Auto sector records worst-ever sales decline in two decades in 2019: SIAM

Overall wholesale of vehicles during the year across categories, including passenger vehicles, two-wheelers and commercial vehicles, saw a decline of 13.77 per cent in 2019 at 2,30,73,438 units

Auto scrappage policy targeting CVs a way to start revival: Sajjan Jindal

If we are to become a $5 trillion economy, then we need at least 7 per cent to 8 per cent GDP growth, if not higher, says Sajjan Jindal

Auto component exporters may get benefit from US-China trade deal

Another trigger for the rally is the expectation of an improvement in the European auto market

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

Hero MotoCorp sales dip over 15% in November as scooter biz disappoints

Total motorcycle sales were at 4,79,200 units as compared to 5,43,982 units in November last year

Govt's sops for auto sector: Hero reiterates demand of cutting GST

Hero's stance brings to fore the difference between them and rival Bajaj Auto which wants a GST cut closer to BSVI norms kicking in

Launched in June, 15,939 units of MG Hector sold till December 2019

MG Motor is set to launch its second car and the first electric vehicle - MG ZS EV - in India this month

Battered by slowdown, auto industry pins hopes on 2020 for turnaround

Industry body Society of Indian Automobile Manufacturers (SIAM) expects things to turnaround in 2020-21