Page 9 - Automobile Makers
Tamil Nadu industries resume production, slow and steady
Automobile companies use half of their workforce and ensure social distancing as lockdown is eased
 "Tamil Nadu industries resume production, slow and steady")
Amid slowdown, Icra maintains negative outlook on passenger vehicle, CV
There was a sharp divergence in retail demand growth and wholesale despatches during the first half of FY20 as focus was towards reducing inventory level, Icra said
 "Amid slowdown, Icra maintains negative outlook on passenger vehicle, CV")
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
 "Auto sales in August to be 'far worse' than July, analysts expect 30% fall")
Govt has done its bit, now industry must create demand: BMW Group India CEO
India is not a short-term story and we believe in its long-term growth, said BMW Group India CEO
 "Govt has done its bit, now industry must create demand: BMW Group India CEO")
Auto sector gets a breather as FM announces measures to boost demand
Resumption of car purchase by govt departments, increase in depreciation to 30% may boost sales
 "Auto sector gets a breather as FM announces measures to boost demand")
Govt's reform push: FPI surcharge rolled back, banks get Rs 70,000 cr
Finance Minister Nirmala Sitharaman's measures come after the government was criticised for failing to stem a rout in local equity markets and a slowdown in demand.
 "Govt's reform push: FPI surcharge rolled back, banks get Rs 70,000 cr")
Bumpy road ahead: Automakers to face a long winter if govt doesn't act
What dismays automakers the most is the government's failure to take measures to kick-start growth
 "Bumpy road ahead: Automakers to face a long winter if govt doesn't act")
Amid slowing sales, carmakers fear fee hike will further dent demand
The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals
 "Amid slowing sales, carmakers fear fee hike will further dent demand")
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
 "The car industry is actually reinventing the wheel to keep up with robocars")
January 2018 brings cheer to auto makers, Hyundai sees 8.3% growth
Maruti Suzuki India Ltd last month logged 4.8 per cent volume growth compared to January 2017
 "January 2018 brings cheer to auto makers, Hyundai sees 8.3% growth")
Automakers largely absorb the currency impact
Exchange risk management & natural hedges offset part of pressure
 "Automakers largely absorb the currency impact")
Confusion over Supreme Court order on diesel vehicles in Delhi
Government, green groups oppose aspects of order that are yet to be deliberated upon by the court
 "Confusion over Supreme Court order on diesel vehicles in Delhi")