Page 7 - Auto Industry

Auto sales likely to see sequential growth in next 2 months: Report

The tractor segment reported strong volume despite current tough situation owing to positive sentiment following a healthy Rabi output, it said

Rebuilding the automotive chain

Demand generation is crucial to repair the broken supply chain. Steps should be taken to revive consumer confidence, create optimism

Covid-19 impact: Auto biggies face low-liquidity risk, says study

According to the brokerage, companies with debt/Ebitda of less than 0.7 are at low risk

Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April

In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million

Covid-19 outbreak: India Inc plays safe, despite lockdown norms being eased

Demand slump, labour shortage put a damper on ramp-up

Coronavirus outbreak: Passenger vehicle sales plunge 51% in March

Two-wheeler sales saw a decline of nearly 40%, says Siam

Working capacity at 25% may be unviable as industry awaits end of lockdown

Auto component vendor Nippon Paint India said that at 25 per cent capacity, it will not even meet plant overhead costs, leave alone company overheads.

Coronavirus supply chain shock for auto component sector, says ICRA

The COVID-19 supply chain disruptions will manifest into a demand shock lasting multiple quarters for the domestic industry, ICRA said in a statement.

From BMW to M G Motor, auto brands shift gears on the virtual highway

Specific tailored marketing pitches using first party data, smoother payment and financing processes and digital launches are among the ways in which auto majors are keeping their brands in the game.

Coronavirus lockdown: Auto volumes hit slow gear, could witness 50% decline

While sales of passenger vehicles and two-wheelers were expected to fall 40-50 per cent, sales of commercial vehicles are expected to dip 70-90 per cent.

'Auto components industry taking a hit of around Rs 1,200 cr/ day'

Auto component manufacturers, especially the tier-2 and tier-3, are facing severe hardship on cash flow front, which if not immediately addressed will lead to insolvency of several companies.

Motherson Sumi to Tata Motors: Europe slowdown to hit auto sector hard

Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure

Auto industry well prepared to deal with coronavirus impact: Mercedes-Benz

Schwenk referred to tsunami that hit Japan in 2011, as an example, saying its ripple effects were felt at the time in the entire global auto industry.

Auto industry has potential to grow at CAGR of 5% through 2026: Report

The SUV segment currently accounts for 26 per cent of total car sales in India

Budget lacks immediate measures to revive ailing sector: Auto industry

The industry however lauded the government's initiative to increase customs duty on imported electric vehicles

Auto industry seeks bold fiscal measures in the Budget to revive growth

In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobi

Auto sector records worst-ever sales decline in two decades in 2019: SIAM

Overall wholesale of vehicles during the year across categories, including passenger vehicles, two-wheelers and commercial vehicles, saw a decline of 13.77 per cent in 2019 at 2,30,73,438 units

Volkswagen plans to launch four SUVs in India over next two years

Volkswagen Passenger Cars India Director Steffen Knapp said the company understands the rapidly changing preferences of Indian consumers

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

Auto industry yet to submit study to Niti Aayog on EV transition

Tata Sons Chairman N Chandrasekaran had also stated that migration to EVs needs to be planned to ensure that the entire ecosystem is ready through a multi-year road map.