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auto industry sales news

Auto Industry Facing Affordability, Structural Challenges: Toyota Kirloskar

Transition to BS-VI emission norms, higher road taxes, and a slump in demand pose a serious challenge to the auto industry, Toyota Kirloskar's Vice-Chairman said.
October 8, 2019, 12:06 pm explore: Auto

Renault Plans to Double Component Export Revenue from India by Next Year

By doubling its exports, Renault hopes to support its domestic suppliers through the prolonged slowdown in the automobile industry.
October 7, 2019, 12:02 pm explore: Auto

Goa Government Slashes Road Tax by 50 Percent on New Vehicles for Three Months

Goa's Transport Minister Mauvin Godinho said that ahead of festivals like Dussehra and Diwali, this move will help the sluggish auto industry.
October 2, 2019, 5:25 pm explore: Auto

Festive Season to be Decisive for the Indian Automobile Sector: Pawan Goenka

Mahindra and Mahindra MD Pawan Goenka hopes that the upcoming six weeks of the festive season can revive the automobile sector from its current sluggish sales trap.
September 25, 2019, 9:55 am explore: Auto

Automobile Sales Will See Only Marginal Benefits Due to Corporate Tax Cuts: Report

The 10-12 per cent reduction in corporate tax rates, instead of a GST rate cut, will only result in a maximum discount of 2 per cent from the automotive sector.
September 24, 2019, 2:39 pm explore: Auto

Auto Industry Must Find Own Balance to Enhance Demand as GST Council Declines Rate Cut: SIAM

The GST Council did not cut tax rates for the automotive sector but did reduce compensation cess for 10-13 seaters less than four metres long.
September 24, 2019, 12:26 pm explore: Auto

Hero MotoCorp Urges Govt to Reduce GST in Phases; Immediate Rate Cuts for 2-Wheelers

Hero MotoCorp, the country's largest two-wheeler maker, said cutting GST rate for two-wheelers right away and deferring tax-cuts on four-wheelers for later will contain potential revenue loss.
September 19, 2019, 12:05 pm explore: Auto

No Slowdown in Automobile Sector, Claims Traders Body CAIT

Citing an example of new vehicle launches, the CAIT Secretary-General said companies have received a huge number of bookings, which do not reflect any slowdown in the sector.
September 19, 2019, 9:35 am explore: Auto

Millennials, Taxes or Failed Policy? Blame Game Ensues as Wheels Come Off India's Auto Sector

The country's once-booming auto sector — seen as an important barometer of overall economic health — is in the slow lane, with sales slumping for the 10th-straight month in August.
September 15, 2019, 11:21 am explore: Business

Pre-Owned Car Sales Expected to Grow 10 Percent in 2019, Millennial Emerge Biggest Buyers: OLX

36 per cent millennials want to use the proceeds from their car sale to upgrade themselves to a new car, while 17 per cent of them upgraded to a pre-owned car with better features.
September 11, 2019, 5:34 pm explore: Auto

Toyota Expects 20% Hike in Prices of Diesel Models After BS-VI Upgrade

Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent to help the sector come out of a prolonged slump that has resulted in job losses.
September 9, 2019, 2:41 pm explore: Auto

Set Emission Targets, Leave the Industry to Chose Technology to Achieve it: Maruti Suzuki

Maruti Suzuki India, which has a 50 per cent in the domestic passenger vehicle segment , sought a single nodal ministry to regulate the Indian automobile sector instead of multiple ministries.
September 9, 2019, 10:01 am explore: Auto

Continuance of Slowdown Could Lead to More Job Losses, Social Consequences: Auto Industry

According to SIAM, vehicle manufacturers have laid off 15,000 temporary workers, while dealers have witnessed around 2.8 lakh job losses with nearly 300 dealerships closing in the past three-four months.
September 7, 2019, 5:53 pm explore: Auto

Auto Industry Seeks Govt Help in Smooth Transition to BS-VI Emission Norms

With an abrupt stop of sales and manufacturing of BS-IV vehicles from March 31, 2020, onwards, it will be difficult to predict sales and plan inventories in such a way as to have zero inventory by the deadline, SIAM said.
September 6, 2019, 5:55 pm explore: Auto

BS-VI Transition Will Make Rest of the Year Difficult for Auto Industry: SIAM

On average each vehicle manufacturer is spending close to Rs 1,000 crore to upgrade all of their model line-ups to meet the new emission norms within the stipulated time, SIAM President Rajan Wadhera said.
September 6, 2019, 4:31 pm explore: Auto

Automakers Hope Festive Season Will Lessen Sales Slowdown

Automobile companies are depending on the festive purchases to lift their sales from deep negative declines to somewhat reasonable levels compared to the past five months.
September 5, 2019, 6:06 pm explore: Auto

Market has Still Not Responded to Various Government Steps: SIAM

The Indian automobile sector has been going through a slowdown due to several reasons including, high GST and liquidity crunch.
September 5, 2019, 5:20 pm explore: Auto

Nitin Gadkari Assures Auto Industry of All Possible Support to Avert Slowdown

The Union road transport and highways minister also asked automobile companies to have in-house finance companies to help generate sales.
September 5, 2019, 4:25 pm explore: Auto

Auto Industry Body Seeks Immediate Policy Changes as Sales Slowdown Continues

Although the auto industry is hopeful of a sales upturn during the upcoming festival season, SIAM urged the government to reduce the GST rates from 28 to 18 per cent to create demand.
September 3, 2019, 9:17 am explore: Auto

Renault India Sales Volume Hit by Slowdown

The company sold 86,000 units in 2018, Renault India's MD said. There has not been any major jolt to the company due to the current slowdown in the auto industry, he added.
August 31, 2019, 9:50 am explore: Auto

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08 Dec, 2019 | West Indies in India

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West Indies beat India by 8 wickets

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29 Nov - 02 Dec, 2019 \| Pakistan in Australia
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