Page 82 - Automobile Industry

The Right to Repair

Implications of mandating manufacturers to provide spares

Toyota Kirloskar sales down 17% in Sept at 10,911 units; exports up 25%

Exports in September were at 708 units as against 566 units in the year-ago month

Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from today across the country

Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr

There is also the anticipation of better participation from the rural markets in third and fourth quarters owing to good monsoon

With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

Top 10 biz headlines: GST rate cut for Auto sector, Hyundai sales, and more

From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday

Motown crisis: Spectre of job losses hangs over Gurugram, Manesar auto belt

More than a dozen factories have shut shop in past one year and job losses are estimated to be between 30,000 and 50,000

Automobile dealers look for strategies to revive sales, arrest job losses

Auto sales have been declining for 13 straight months as a broader slowdown in the economy has crippled demand across the country

From barbers to shopkeepers, many rural Indians are hurting from auto crash

Laid-off workers returning to their villages are putting more burden on a rural sector already suffering falling income from low crop prices, and dampening consumer sentiment and growth across India

Auto sales in August to be 'far worse' than July, analysts expect 30% fall

At present, the sector has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints

Coherent set of immediate actions

The government must announce a calendar for implementation of Friday's measures

Only govt can improve market sentiment, says Hyundai CEO on auto slowdown

I have gathered that the slowdown is primarily related to poor customer sentiment in a poor economic scenario, says S S Kim

From banks to automakers, hiring slowing across most sectors: Care Ratings

The services sector, which accounts for a bulk of the economy, was the lone sweet spot that displayed robust jobs growth

Modest moped gets slowdown blues: production down 30.64 % in April-July

TVS Motor Company, the country's only manufacturer of mopeds, says it's committed to keep manufacturing the multi-utility vehicle.

'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

PM Modi's message to India Inc, banks, auto firms: All will be well

Amid increasingly vocal concerns over an economic slowdown, PM Modi sought to ease fears and reassure India Inc and the world about India's growth story in an interview with a financial daily

The car industry is actually reinventing the wheel to keep up with robocars

Yet it's more than just tires that are being changed. Auto firms are putting semiconductors and sensors inside headlights, glass and seats to make them as intelligent as the cars driving themselves

200,000 jobs lost in 3 months across auto dealerships, says FADA

In the last three months, around 2 lakh jobs have been cut to reduce the impact of dip in sales

Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted

The worst-hit is the passenger car segment. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi

Carmakers pin hopes on smaller towns, cities to boost automobile sales

Quick growth is likely from upcountry where highways and roads are being built, income and aspirations are up