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

GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to...

18 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 sales growth outlook revised to 5-7 per cent for FY20: Report

Sales of commercial vehicles and two wheelers have narrowed down to 7.4 per cent and 0.3 per cent month-on-month.

14 Sept 2019 11:25 AM IST

This was done to save lives. That is my first objective, but I need the cooperation of state governments. This should be above parties and state governments, Nitin Gadkari said. (Photo: ANI)

Gadkari backs Sitharaman's remark on auto sector slowdown, says 'one...

Gadkari, known for his astute business skills, said his ministry along with finance is charting out way to uplift...

12 Sept 2019 1:06 PM IST

The countrys largest car maker Maruti Suzuki India (MSI) today reported a 14.9 per cent increase in total sales at 1,60,598 units in March as against 1,39,763 units in the year-ago month.

Millennials opting for Ola, Uber not that a big factor for current...

Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in...

12 Sept 2019 10:58 AM IST

Domestic passenger vehicle sales were up 6.38 per cent at 3,00,722 units in March as against 2,82,698 units in the same month last year.

Passenger vehicle sales decline for 10th straight month

Sales of commercial vehicles were down 38.71 per cent to 51,897 units in August.

9 Sept 2019 11:59 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.

India's economy suffers car crash, pain spreads to villages

According to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers.

5 Sept 2019 9:40 AM IST

One of the key issues facing the auto sector is the lack of demand for its products partly weighed down by high GST rates ranging from 28 pct to 50 pct based on the size of the vehicle and engine capacity.

No big bang effect for auto sector

To kickstart demand the government needs to put more money in the hands of the consumer to buy automotive products.

2 Feb 2020 7:27 AM IST

Automobile majors on Wednesday announced the resumption. (PTI Photo)

Some auto companies resume production, others prepare to restart...

Home Ministry allowed factories in rural areas or those outside municipal limits to resume production under strict...

7 May 2020 3:48 PM IST

Workers leave the Nissan car plant after finishing their shift. (Photo- AFP)

Impact on auto sector to be clear once lockdown is lifted: Nissan...

Before the outbreak, the Indian auto sector was already suffering from a prolonged slump

7 April 2020 12:36 PM IST

A few announcements in the 2017 budget do affect the Indian automobile industry.

Auto industry investment on new regulations to be Rs 1 lakh cr: SIAM

Auto industry will have to develop a whole package meeting safety, emissions and fuel emission regulations.

9 May 2017 5:22 PM IST

Major segments including scooters, motorcycles and cars, witnessed record decline December sales.

Auto parts aftermarket size to touch Rs 75,705 cr by FY20

Apex body of auto component industry said segment stood at Rs 56,098 crore in 2016-17.

23 March 2017 4:59 PM IST

Tokyo-based Honda is a major player in global auto industry.

Honda eyes new plant; buys 380 acres in Gujarat

Honda has an assembly line each in Greater Noida near Delhi and Tapukura in Rajasthan

25 Feb 2017 10:42 AM IST