Higher content share in BS-VI, two-wheeler electric vehicles offer incremental opportunities
The automobiles sector is expected to face commodity cost inflation which will be offset by price hikes, lower discounts, cost cutting, and operating leverage
Tata Motors' total vehicle sales grew 21 per cent in domestic markets in December
The latest sportscars, sedans, SUVs and electric vehicles to look forward to this year
In the second part of the series, we are looking at the telecom, pharma, and automotive sectors
The closure of one of its two plants and the discontinuation of two models highlight the Japanese auto-maker's weaknesses in India
The facility is expected to start producing high-end KTM, Husqvarna and Triumph motorcycles as well as some EVs in 2023
Bajaj Auto on Tuesday said it has entered into an initial pact with the Maharashtra government for setting up a production plant at Chakan at an estimated investment of Rs 650 crore.
Already battered by an unprecedented slowdown before the coronavirus pandemic, the resilience of the Indian auto industry was tested severely when the nationwide lockdown was announced towards March
This comes at a time when demand in world's fifth largest auto market is in the initial stage of recovery after the Coronavirus pandemic-induced lockdown earlier this year
The company is expected to gain market share led by higher tonnage trucks
Consistent policy support would also be critical to achieve EV goals
Plans to innovate auto service products in India and replicate them in emerging markets
Auto sector, which is likely to hit most if the bill becomes law, is planning to move the state govt via industry bodies like CII
Hiring in India's auto sector continued to improve with a 29 per cent sequential growth in September this year although it remains below the pre-Covid-19 period, according to Naukri.com
A sharp surge in domestic wholesales during September in segments such as tractors, passenger vehicles and two-wheelers is indicative of a recovery
The auto sector's priority now is to increase production and sales to cater to the festive season demand, while other matters like reduction in GST rate could be taken up at a later stage, SIAM said
Scooter sales were also up marginally at 5,56,205 units from 5,55,754 units in the same month last year
Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes
They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis