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

Major automobile manufacturers report sharp decline in August sales

Maruti reported a 33 per cent drop in August sales at 1,06,413 units.

2 Sept 2019 9:55 AM IST

TVS Motor implements pay cuts for employees. (PTI Photo)

TVS Motor cuts staff salaries by up to 20% as sales plummet

There will be 5 per cent salary reduction at the junior executive level and about 15 to 20 per cent at the senior...

26 May 2020 2:25 PM IST

Hero MotoCorp resumes retail operations across 1,500 touch-points. (PTI Photo)

Hero MotoCorp resumes retail operations; claims 10,000 sales in a week

Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-point

10 May 2020 4:35 PM IST

Automobile registrations in May down 89 percent due to COVID-19 lockdown. (ANI Photo)

Vehicle registrations down 89% in May

For the first time, said FADA President Ashish Harsharaj Kale, the month of April witnessed zero retails

11 Jun 2020 3:33 PM IST

Carmakers tie-up with banks to offer low interest rate schemes to attract customers. (Photo- PTI)

Carmakers tie-up with banks to offer low interest rate schemes to...

So far, at least Maruti Suzuki, Hyundai and Mercedes Benz have launched such schemes, according to press releases over...

2 Jun 2020 4:16 PM IST

Indias auto sales volume will take another 3-4 years to reach 2018 levels. (PTI Photo)

India's auto sales volume will take 3-4 years to recover: SIAM

Production has been slow to pick up due to supply chain disruption and weak demand, said Rajan Wadhera, president, SIAM

15 July 2020 6:42 AM IST

Shiv Sena MP Anant Geete. (Photo: PTI)

Geete urges Jaitley for rethink on auto GST

About the capital goods policy Geete said ministry intends to spend Rs 3,000 crore to roll out this policy.

23 Aug 2017 9:27 AM IST