Page 20 - Auto Sector

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

Top 10 biz headlines: FY20 growth forecast cut, govt's big EV push & more

From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday

Nifty may slip below 10k by March: Dharmesh Kant, IndiaNivesh Securities

Kant said the Automobile space was at a disruptive stage and a steep correction in stock prices might see some value buying in this segment

Auto industry may have to wait longer for GST cut on cars from 28% to 18%

Will be a political call now; state finance ministers to decide on September 20

100 days of Modi govt: We know how to take challenges head-on, says PM

Smriti Irani described the first 100 days as historic, and tweeted some of the steps taken

Old troubles mar new term: A status check of Modi govt's 100 days

The first-quarter GDP data showed the economy losing steam

Used car market on growth track, but auto crisis casts a shadow

Analysts and industry representatives fear that the slowdown in new car sales could have a spillover effect on the used car market

Slowdowns are the nurseries of capitalism, says Asha Ram Sihag

Sihag also took a swipe on the industry for calling it an unprecedented slowdown

All major economies are experiencing a slowdown, says chairman of TVS Motor

We are hoping that by January-March quarter, we should see a revival in demand, says TVS Motor Chairman Venu Srinivasan

No plan to ban petrol, diesel vehicles: Gadkari allays auto sector fears

Gadkari said he would take up a discussion with the finance minister for extending possible export incentives on automobile makers, as has been done for the sugar industry

Maruti to stop production at Gurugram, Manesar plants for two days

The company will observe 'no production day' on September 7 and 9 at Gurugram and Manesar plants

Auto dealers unsure of a revival in consumer sentiment in festive season

A slump during the festive season would eliminate any chance of revival of the auto sector this financial year

GST Council may cut tax on hybrid vehicles as auto sector battles slowdown

The government is examining a rate reduction for such vehicles by doing away with the cess, which will bring down the tax incidence from 43% to 28%

Mahindra and Mahindra's sales drop 25% to 36,085 units in August

The company had sold 48,324 units in the corresponding month last year, M&M said in a statement.

Named after Hercules's son, the Kia Seltos spells strength and speed

The manual gear shift is a bit tricky and being a six-speed setup, the reverse slot is positioned to the front

Slow down blues: Auto industries banking on new launches to revive demand

As of now, carmakers introduced 12 new models in the last four months, while pulling out old ones. Here's the list of new cars:

Automakers welcome govt sops but are divided on festival season impact

Most agree, though, on the long-term benefits that the measures will bring in

Govt unveils measures to revive auto sector amid slowdown concerns

Also, BS-IV vehicles purchased up to March 2020 will remain operational for the entire period of registration, Finance Minister Nirmala Sitharaman said

LIVE: Govt gives FPI relief, makes loans cheaper, revs up auto sector

FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here

India Inc grows impatient as economy slows down and Modi seems distracted

Govt pre-ocupied with Kashmir even as India Inc grows impatient as economy dips