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Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

Auto companies in India cut more jobs, halt production to tackle...

Automakers, component manufacturers and dealers had already cut 350,000 jobs.

23 Aug 2019 9:23 AM IST

The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles.

Govt has not set deadline to launch electric vehicles: official

Auto industry has been caught in the middle of slowing economic growth that has led to a slump in demand for vehicles.

21 Aug 2019 2:06 PM IST

Mahindra & Mahindra

M&M says fiscal stimulus needed for India's auto industry

M&M's Managing Director Pawan Goenka said that the auto maker has retrenched about 1,500 temporary workers since April...

18 Aug 2019 3:57 PM IST

Auto sector employs over 35 mn, contributes more than 7 per cent to GDP and accounts for 49 per cent of manufacturing GDP.

Auto industry hails PM's assurance on co-existence of conventional...

Auto industry has been opposing proposal by Niti Aayog to push for full conversion to EVs for ICE three-wheelers by...

14 Aug 2019 5:06 PM IST

Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

The flip side to the ongoing recession in the Auto Industry!

Maruti Suzuki India reported a sixth consecutive monthly sales to decline with the numbers falling 33.5 per cent.

13 Aug 2019 8:50 AM IST

Auto experts said the fall in automobile sales were due to lack of liquidity in the financial system, decline in overall economic activity and an increase in prices of vehicles across segments.

Indian auto executives seek tax cuts, easier finance access to revive...

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

8 Aug 2019 9:18 AM IST

Anand Mahindra.

'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

7 Aug 2019 6:54 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 5:09 PM IST

The platform is aiming to reverse the industry slowdown by integrating automakers with the ripe digital market of India and converting the non-intenders through a tech revolution.

Zoomcar set to revive auto industry with car subscription model

Zoomcar can help revitalise the demand by familiarising new-age consumers with hassle-free car ownership.

26 Sept 2019 8:58 AM IST

Revenue growth for the beleaguered auto components sector would halve in next two fiscals due to a steep decline in domestic vehicles sales.

Auto industry has to find its own balance to enhance demand: SIAM

At present, 60 per cent of auto components are taxed at 18 per cent.

21 Sept 2019 12:17 PM IST

Automobile industry had approached the GST Council and government seeking to reconsider keeping the category at 28 per cent plus 15 per cent cess.

No slowdown in automobile sector, claims traders body CAIT

There is no slowdown in automobile sector. They are saying this to get a package from government, said CAIT's Praveen...

17 Sept 2019 3:14 PM IST

According to the Directorate General of Commercial Intelligence and Statistics, imports of natural rubber in India rose 27.4 per cent, month-on-month to 50,940 tonnes in July. Significantly, expectations of higher production this season also weighed on contracts.

Rubber futures hit six-month low

The overall sentiment in the market remains bearish due to a rise in imports coupled with sluggish demand from tyre...

16 Sept 2019 2:46 AM IST