Page 39 - Automobile

Nothing much in stimulus to make consumers happy, say carmakers

Auto sales in India have been falling for nine straight months

As animal spirits sag, FM's announcements may fall short of spurring growth

As India's investment and consumption activity worsened in July, the measures announced by the FM to revive the economy will boost market sentiment but are unlikely to propel growth

Goldman Sachs sees more pain in store for the Indian economy

The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006, the report said.

Slow down blues: Auto industries banking on new launches to revive demand

As of now, carmakers introduced 12 new models in the last four months, while pulling out old ones. Here's the list of new cars:

Smartphones beat slowdown as sales up 10%; Xiaomi tops Indian market

According to analysts, one of the key factors that differentiates smartphones from other products is their expose to the e-commerce market

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

Stocks of top 10 auto components shed 21% in 6 months on demand slowdown

Replacement market helped battery makers do better than other segments in the June quarter

Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival

Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June

SBI extends credit period to 75-day for auto dealers facing slack in demand

To help the auto sector tide over stress, the country's largest lender State Bank of India (SBI) has extended the credit period of automobile dealers that are facing demand slowdown and inventory build up. "We are actively engaging with the auto dealers and in case of hardship faced by them the bank is extending credit repayment period on the case to case basis," SBI managing director (retail & digital banking) told reporters here on Sunday. Normally the credit period is of 60 days but the bank has extended the same to 75 days in some cases or 90 days in others, he added. As a bank, we can only focus on the financing side. Our main focus is make available funds at cheaper cost for those retail customers keen on buying cars. We also fund the dealers when they buy cars from the manufacturer. However, for the aspect of revival of demand, only government can step in," he said. Gupta further said there has been a slight downturn in auto loans from the bank in recent months due to ...

Explained in 7 charts: Cause and magnitude of automobile slowdown

While auto parts exports have remained unchanged, car and two-wheeler exports have shrunk, suggesting that demand for completed vehicles is a bigger worry in global markets for Indian auto players

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

Auto slowdown: Hyundai halts production for several days at Chennai unit

Move follows similar steps taken by Maruti, Toyota, Mahindra, Ashok Leyland, Tata Motors and TVS Group firms to beat crisis

PSBs may ease credit access to automobile dealers to boost sales

Banks looking to reduce their exposure to the troubled industry have been demanding 25 per cent collateral for inventory financing

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

Slowdown in auto sector: More layoffs coming in sales, R&D, says industry

With the deepening crisis in auto sector, which has seen the worst volume plunge in two decades in July, independent HR industry feels the maximum impact will be on temporary workers followed by service roles in sales & marketing along with R&D as OEMs are forced to cut production. While media reports say the sector has already culled 3.5 lakh jobs since April, the national OEM body Siam Tuesday said at their level itself more than 15,000 jobs were laid off this fiscal, and thousands lost their livelihood at the dealerships side where hundreds of them have been shuttered. The Automotive Component Manufacturers Association had last month warned that of 1 million potential job losses and called upon the government to do something urgent to arrest the deepening slowdown. The sector employs over 35 million, directly and indirectly and accounts for nearly half of the country's manufacturing output. The auto sector has been on a downhill since the past 18 months or so .

After 9-month decline, auto dealers hope festive sales will be in fast lane

SIAM doesn't expect sales to look up in the coming months unless given a booster dose by the government through a fiscal incentive

US website, which sells the coolest cars, may kill auction houses' business

If wealthy collectors can save money buying a classic car from an online auction community that they trust, why would they keep patronising traditional auction houses?

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

Auto sales skid 10 months on the trot, new vehicle registrations down 5.4%

Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers

Q1 results preview: Poor sales likely to dent earnings of auto companies

The sales in this quarter are among the worst in over a decade