Page 38 - Automobile Industry

'Ride shock' awaits car buyers waiting for better offers ahead of BSVI

The discounts that were available on cars last month continue this month - but they are lower

Auto sector may spend Rs 17,000 cr on capex till FY21 despite slowdown

Projected capex will largely be towards BSVI transition, international expansion

Modernising the commercial vehicles fleet

The development of a sustainable replacement demand requires a comprehensive end of life policy for CVs

Moped sales fall 25.58% in April-Oct as rural India demand dries up

TVS Motor Company, the only company in India to manufacture mopeds, said exports dropped by nearly 40 per cent.

Vehicle sale falls to 11.7 million in Apr-Sep on cyclic slowdown: Govt

Passenger vehicle in terms of wholesale had declined for the 11th consecutive month in September

Fintech firms hire 700,000 people who lost jobs in slowdown-hit sectors

The tenure of such jobs is about 6-8 months, with Amazon and Flipkart creating the primary demand for labour

Parliamentary panel to study automobile industry slump, seek revival steps

Committee overseeing work of the Ministry of Heavy Industries and Enterprises to explore a new format.

Auto firms' warehouse leasing down amid vehicle sales slump: JLL India

According to JLL data, total warehousing leasing stood at 24.1 million square feet during January-September

Automobile slowdown: Number of vehicles crossing toll gates slowing

While traffic and toll collection will take a hit in FY20, toll rates may not rise much in FY21 owing to a lower wholesale price index (WPI)

The Right to Repair

Implications of mandating manufacturers to provide spares

Toyota Kirloskar sales down 17% in Sept at 10,911 units; exports up 25%

Exports in September were at 708 units as against 566 units in the year-ago month

Auto major Maruti Suzuki slashes prices of select car models by Rs 5000

The new prices will be applicable from today across the country

Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr

There is also the anticipation of better participation from the rural markets in third and fourth quarters owing to good monsoon

With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

Top 10 biz headlines: GST rate cut for Auto sector, Hyundai sales, and more

From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday

Motown crisis: Spectre of job losses hangs over Gurugram, Manesar auto belt

More than a dozen factories have shut shop in past one year and job losses are estimated to be between 30,000 and 50,000

Automobile dealers look for strategies to revive sales, arrest job losses

Auto sales have been declining for 13 straight months as a broader slowdown in the economy has crippled demand across the country

From barbers to shopkeepers, many rural Indians are hurting from auto crash

Laid-off workers returning to their villages are putting more burden on a rural sector already suffering falling income from low crop prices, and dampening consumer sentiment and growth across India

Auto sales in August to be 'far worse' than July, analysts expect 30% fall

At present, the sector has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints

Coherent set of immediate actions

The government must announce a calendar for implementation of Friday's measures