The steps taken to reverse the economic slowdown, along with the upcoming festive season offers, might have the potential to accelerate the automobile sector's sales growth, industry insiders opined.
Hero MotoCorp on Thursday urged the government to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage and deferring tax cut on four-wheelers to a later stage.
Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand. "Following are the non-working days at our various plant locations during September 2019 due to continued weak demand for our products", the company said in a BSE filing.
This comes after the slowdown in market hitting Medium & Heavy Commercial Vehicle (M&HCV) sales by 70 per cent in August 2019. The Chennai-headquartered automaker has seen almost 10 days of no-production during last month.
The automobile industry value chain includes parts manufacturers, OEMs, dealerships and workshops. The entire value chain is one of the largest employers in the country and has a substantial contribution to the country's GDP.
The country's largest carmaker Maruti Suzuki India on Sunday reported a 32.7 per cent decline in sales at 1,06,413 units in August. The company had sold 1,58,189 units in August last year, Maruti Suzuki India (MSI) said in a statement.
The company has already committed to launch six models in the country over the next three years.
In today's hearing, the Centre also told the court that it won't be possible to have differential pricing of diesel for private vehicles.
The trio of Genesis, Kia and Hyundai has removed Japanese leaders Toyota and Honda and both of them were below average in the 2018 Initial Quality Study.
An additional blockchain technology in IoT ensures that an extra layer of security protection is offered so that people do not feel threatened or uncertain about their privacy.
Nitin Gadkari has sent a clear and stern message to carmakers producing vehicles that run on traditional fuel: Go for alternative fuel, else he will not mind "bulldozing" them in his bid to check pollution and imports
New Delhi: There is trouble in store for automobile companies that deliberately opt to refrain from recalling vehicles despite clear evidence of safety defects. Starting October 1, companies may face penalties as the government looks
New Delhi: Indian automotive makers opened the new fiscal with positive sales growth while hoping for a favourable verdict in the apex court over the sale of diesel engine-powered vehicles. India's largest car maker
New Delhi: The organisers of Auto Expo 2016 had recently said that the 13th edition from February 5 to 9, 2016 is poised to be the biggest automobile carnival in India till now. Well, we somehow
New Delhi: German luxury automobile manufacturing company has launched an updated version of its diesel-powered BMW 3 Series sedan in India.The petrol variant will be launched later this year, BMW India said in a statement.According
New Delhi: Apple is planning to accelerate its efforts to launch an electric car in the automobile market by the year 2019.A 600-member team has been working on the project code-named 'Titan'. Project leaders have
Bengaluru: Mercedes Benz India on Wednesday said the company was "now absolutely future ready", and it will be there whenever there is demand.A top official of Mercedes Benz India on Wednesday highlighted the recent doubling
New Delhi, Sept 13: The automobile industry welcomed the diesel price hike, saying it is a much-awaited decision. Auto-makers, however, added that the hike has come at a wrong time for the overall economy."It is
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