Page 18 - Automakers

Covid-19 impact: Govt looking at GST rate cut for automobile sector

The government is likely to include auto components under the production linked incentive (PLI) scheme and evaluate local content and bring in value addition to automobile companies

Royalty, technical fee cost Indian units of global auto majors Rs 8,000 cr

The amount is equal to nearly 4% of their combined net sales

Automakers expect demand to pick up in festive season despite Covid-19

If Covid-19 situation improves, it would lead to improved sales and if somehow the scenario deteriorates then the sales would also be impacted, Srivastava noted

Commercial vehicle makers to incur Rs 6,000 cr net loss this fiscal: Report

CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived and sales volume had fallen 29% in the fiscal year ended March 2020

Auto manufacturers let go of contractual workers as slowdown bites

Availability of jobs at India's auto companies has shrunk significantly over the last two years, as the industry goes through one of its worst slowdowns

Another lockdown will hit automakers hard, affect capex plans: CARE Ratings

Several state governments have been announcing lockdown again in select areas for different time periods to check the Covid-19 pandemic

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

Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March

Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound

Pent-up demand, rural focus of these segments aid sales recovery

Slowing Chinese imports may delay automakers' electric vehicle target

Support from Centre on alternative fuel technologies and batteries holds key

Covid-19: Automakers set aggressive cost cutting targets, reduce capex

TVS Motor Co is continuing with its cost reduction efforts of previous quarters, the company's management told analysts last month

Market Ahead, June 2: All you need to know before the opening bell

A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions

Top 10 biz headlines: Auto firms to start operations, labour issue and more

Here are the top ten business headlines on Thursday

A month after lockdown, auto dealers making first moves to get back to biz

Dealers located in green zones as specified by the government are applying for permission under the Shops and Establishments Act to reopen their showrooms.

Covid-19 fear: Carmakers change track to online sales, contactless delivery

Amid shuttered dealerships and deserted roads, leading car brands including Mercedes Benz, Honda Cars, Volkswagen, and BMW have embarked on campaigns and dedicated online portals

Suzuki Motorcycle, Toyota India halt production at manufacturing facilities

Haryana government on Sunday announced lockdown in seven districts, including Gurgaon, of the state until March 31

Covid-19: Hyundai & TVS also suspend manufacturing operations temporarily

Maruti and M&M had already announced suspension of manufacturing operations

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

Stung by coronavirus, car companies take digital route for launches

BMW will live stream the debut of its i4 battery-car concept on Tuesday

Coronavirus impact: Auto OEMs feel safe for now, fear challenges thereafter

While China represents only a part of supplies and other sources exist, there could be delays in activation of alternative supply chains and increase in costs for Indian OEMs

With profitability in mind, Renault plans slew of initiatives in India

The auto maker is also gearing up to bring a mass segment EV in India within the next two years