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As recent as 2018-19, the sector had attained a size equivalent to 7.5 per cent.

Auto sector's contribution to GDP may slip to 7 pc this fiscal: Acuite...

Two wheelers and three wheelers, were expected to decline by 6-7 pc this fiscal as compared with 2018-19 to around 25...

31 Oct 2019 3:15 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Market shows tremendous strength

The market will react to exit polls in early trade on Monday and that could set the tone for the rest of the day as...

18 May 2019 2:51 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Reviewing exposure to auto dealers; will ensure industry do not...

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.

31 July 2019 6:24 PM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Stimulus package 'too little, too late' to prevent decline in auto...

Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.

29 Aug 2019 1:32 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 sector supports recycled aluminium

Better cost economics of recycled aluminium has supported its consumption in India.

28 Aug 2019 2:49 AM IST

Maruti Suzukis total sales fell 17.2 per cent in April at 143,245 units. The company had sold 172,986 units in April last year.

Maruti Suzuki cuts 3,000 contract jobs

Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting...

27 Aug 2019 1:28 PM 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.

State govts need to realise their role in promoting mfg in auto...

The automobile sector accounts for 49 per cent of India's manufacturing gross domestic product (GDP).

27 Aug 2019 12:35 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 sector in a mess, govt needs to step in

It will be interesting to see what solution or incentives finance minister Nirmala Sitharaman offers to give a fillip to...

15 Aug 2019 12:29 AM 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 gloom: More layoffs coming in temp, sales, R&D sides

The sector has already culled 3.5 lakh jobs since April.

14 Aug 2019 6:29 PM IST

One of the automobiles damaged in the accident.

Tens of thousands losing jobs as India's auto crisis deepens: sources

Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

7 Aug 2019 10:53 AM IST

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

The auto sector's revival holds the key to India's $5 trillion economy

The moderation in GDP growth to 6.8 per cent in 2018-19 clearly indicates the softer underlying momentum.

6 Aug 2019 12:07 AM IST

Maruti Suzukis total sales fell 17.2 per cent in April at 143,245 units. The company had sold 172,986 units in April last year.

India's biggest carmaker Maruti sees higher sales in September

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.

24 Sept 2019 10:35 AM IST