Page 37 - Automobile Industry

BMW will continue to gain segment share despite slowdown: President & CEO

In an interview with T E Narasimhan & Gireesh Babu, Rudratej Singh of BMW Group India says the company has remained competitive despite headwinds

Coronavirus outbreak: Carmakers, suppliers brace for stormy days

Expect overall sales to fall by 25-30% year-on-year, warns Rajan Wadhera, president of the Society of Indian Automobile Manufacturers

Apollo Tyres prunes FY20 and FY21 capex by Rs 300 cr on auto slowdown

The move is in line with other tyre makers' plans to pare their outlays

Auto production to slide 8.3% in 2020; coronavirus may hit supply: Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020

Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery

It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend

Auto industry concerned over coronavirus impact on supply from China: SIAM

SIAM said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any

Domestic passenger vehicle sales down 6.2% in Jan; car sales slide 8%: SIAM

Motorcycle sales last month declined by 15.17% to 871,886 units from 1,027,766 units a year earlier

China's Great Wall Motor set to enter Indian automobile market at Auto Expo

China's largest SUV manufacturer Great Wall Motor (GWM) on Tuesday said it will showcase various products and technologies during the upcoming Auto Expo next month as part of its launch in the Indian market. The automaker will also showcase Haval Concept H and Concept vehicle Vision 2025 besides SUVs under Haval brand, electric products, and innovations in the area of intelligent safety, connectivity and advanced autonomous systems during the biennial show. "This is indeed a proud moment for us as we are on the verge of entering the Indian automotive market. We are excited at the limitless possibilities that lay ahead as India is an important market for us," GWM Chairman Wei Jianjun said in a statement. The company aims to set new benchmarks in the Indian automobile industry and hope to create an everlasting relationship with the discerning Indian customer, he added. "With the R&D center in Bangalore and now our participation at the 15th edition of the Auto Expo, we want to ...

SIAM bullish on auto sector revival in 2020 after worst sales in 20 years

Another Chinese player which will be also present for the first time is MG Motors which will bring in their entire range of automobiles in the Expo.

64% of India's GenZ questions need to own a car: Deloitte global survey

The study also dwells on consumer preference with regard to data privacy and the money Indian buyers are willing to spend on connected vehicles.

Kia Motors eyes full capacity utilisation in India with slew of new models

Kia Motors' manufacturing facility in Andhra Pradesh has an installed production capacity to roll out 3 lakh units per annum on a three shift basis.

Toyota expects auto sales momentum to pick up in third quarter of FY20

The company, which had recently launched the BS-VI version of its popular multi-purpose vehicle Innova Crysta, said it will be rolling out diesel variants of other models by the end of February

Renault sales up 7.9% to 88,869 units in 2019, market share at 5.1% in Dec

Renault ranked amongt the top 5 auto brands in November and December.

India Inc is traveling in top gear even in the shadow of a slowdown

What makes companies invest, hire and expand their capacities when the economy teeters under the pressure of a prolonged downturn

20 key industrial, political and economic developments to expect in 2020

Where is the Sensex headed? will the economy turn around? what about sectors like auto, pharma, consumer goods and infra? Business Standard tells you what to expect in the new year

After a tough year, auto industry hopes for smooth drive from H2 2020

The government incentives to buy vehicles and steps taken to address liquidity crunch, economic growth and infrastructure spending would boost the auto industry's prospects

Gadkari urges automobile manufacturers to develop biofuel-based vehicles

The minister called for switching over to FASTags so that vehicular movement at NHAI toll plazas becomes faster and smooth

Cars to get pricier in new year: Maruti announces price hike amid slowdown

Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up

CV sales drop 17% in November on slowdown, delay in infra projects

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing

M&A in auto sector up 73% to $449 million in CY19 despite slowdown

Growth led by $275 million Mahindra-Ford deal, domestic volumes cross $100-million mark first time since 2017 to touch $141 million