Page 7 - Auto Demand

Car sales continue to slide in Sept despite heavy discounts and offers

Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer

Tata Motors reports 48% sales decline in September at 36,376 units

The company had sold a total of 69,991 units in the same month last year, Tata Motors said in a statement

Steel industry seeks booster for demand revival amid economic slowdown

Against this backdrop, says the industry, the corporate tax cut announced by the central government is not going to change much for now

Sensex zooms over 3,000 points in two days. Is it time to book profit?

The index had witnessed 10 per cent correction from June, 2019 and an upside of over 5 per cent in the past two sessions has strengthened the positive view on the technical charts

With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

Are safety costs and rising state taxes hindering car sales in India?

Buyers appear more concerned about higher upfront payments and seem reluctant to bear higher cost of safety norms

Why the FM has a point about app-based taxis impacting car demand

With economic slowdown, financial sector woes, the wait for stricter emission norms also at play, why don't car makers who can afford to slash prices do so to keep sales ticking, asks T N Ninan

Ola, Uber not 'strong factor' in auto sector slowdown: Maruti Suzuki

Ownership pattern in India still has not changed and people purchase cars with an "aspirational aspect", MSI Executive Director (Marketing and Sales) Shashank Srivastava said in an interview

Maruti, Bajaj Auto gain up to 12% in August. Time to exit auto stocks?

The recent up move, analysts say, was on the hopes of a possible cut in GST rates, which in turn fuelled a relief rally in the counters

Maruti Suzuki reduces output for 7th straight month in Aug with 34% cut

The company produced a total of 1,11,370 units in August as against 1,68,725 units in the year-ago month, Maruti Suzuki India (MSI) said in a filing to the BSE on Monday

Most of the slowdown is automobile industry's own making: Rajiv Bajaj

Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees

Best of BS Opinion: Wealth creation, auto slowdown and plastic waste woes

From fixing the demand slump to unleashing a micro-loan revolution in the country and Vodafone's India woes, here's a selection of Business Standard Opinion pieces for the day

Only govt can improve market sentiment, says Hyundai CEO on auto slowdown

I have gathered that the slowdown is primarily related to poor customer sentiment in a poor economic scenario, says S S Kim

M&M lays off 1,500 temporary workers, seeks govt stimulus for industry

Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels

Sundaram-Clayton to shut Padi factory for 2 days due to slowdown

Part of the TVS Group, SCL is the leading Indian manufacturer and supplier of aluminium die cast products to domestic and global automotive OEMS

Four reasons why this auto slowdown is different and the road ahead

The recent NBFC crisis had a twin effect on demand. It curtailed financing to new vehicles, and NBFC were financing customers who were not preferred for financing by banks

Automobile sales slump 18.7% in July; sharpest decline in nearly 19 yrs

SIAM said passenger car sales in July were also worst since December 2000 when the segment had declined by 39.86 per cent

Auto industry leaders meet FM, seek stimulus package to spur demand

According to a source, the government wanted to understand from the industry about the reasons of the ongoing slump in demand

'Cars don't sell': How a shadow banking crisis is hurting autos sector

Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% - the sharpest recorded fall in 18 years

Ashok Leyland dips 4% on closing Pantnagar plant due to weak demand

Lack of demand due to illiquid market and weak consumption appetite led to steep fall in auto-sales