Page 39 - Automobile Industry

Only govt can improve market sentiment, says Hyundai CEO on auto slowdown

I have gathered that the slowdown is primarily related to poor customer sentiment in a poor economic scenario, says S S Kim

From banks to automakers, hiring slowing across most sectors: Care Ratings

The services sector, which accounts for a bulk of the economy, was the lone sweet spot that displayed robust jobs growth

Modest moped gets slowdown blues: production down 30.64 % in April-July

TVS Motor Company, the country's only manufacturer of mopeds, says it's committed to keep manufacturing the multi-utility vehicle.

'Part of the business': Maruti says 3,000 temporary jobs cut in slowdown

Maruti chairman R C Bhargava wants the government to reduce taxes to help the automobile industry

PM Modi's message to India Inc, banks, auto firms: All will be well

Amid increasingly vocal concerns over an economic slowdown, PM Modi sought to ease fears and reassure India Inc and the world about India's growth story in an interview with a financial daily

The car industry is actually reinventing the wheel to keep up with robocars

Yet it's more than just tires that are being changed. Auto firms are putting semiconductors and sensors inside headlights, glass and seats to make them as intelligent as the cars driving themselves

200,000 jobs lost in 3 months across auto dealerships, says FADA

In the last three months, around 2 lakh jobs have been cut to reduce the impact of dip in sales

Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted

The worst-hit is the passenger car segment. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi

Carmakers pin hopes on smaller towns, cities to boost automobile sales

Quick growth is likely from upcountry where highways and roads are being built, income and aspirations are up

Carmakers expect monsoon, festive sales to revive business in H2FY20

Prices of two-wheelers, passenger and commercial vehicles are set to rise 15-25%

Renault-Nissan, Fiat merger would dwarf Volkswagen as biggest automaker

Renault SA aims to restart merger talks with alliance partner Nissan Motor Co. within 12 months, then acquire another rival -- with Fiat Chrysler Automobiles NV a top target, Financial Times reported

Auto industry, organisations can buy bulk vehicle data from FY20: Policy

Eligible bodies can purchase the data for Rs 3 crore from the next fiscal

Big auto firms' investments in start-ups jump manifold to $243 mn in 2018

Big deals included a $65-mn investment by electric scooter maker Kwang Yang Motor in Twenty Two Motors

Vital to maintain GST numbers

However, the October passenger vehicle numbers are not reassuring

Learning from the competitor: How Tata and M&M are revving up for play-offs

As the difference between the third and fourth player narrows, the next six months will be a toss-up between the two companies for market leadership and volume growth

Auto majors step up contract hiring to meet rising demand across segments

Less than 4% of additional staff employed in FY18 was permanent

Combined net profit of top 23 auto cos just 2.79% of gross turnover in FY17

The combined net profit of top 23 four-wheeler automobile manufacturers in India stood at Rs 9,966.3 crore in 2016-17, which was just 2.79 per cent of their total gross turnover. According to data sourced from SIAM and CMIE, the top 23 companies had a total gross turnover of Rs 3,56,702.9 crore. In 2015-16, the net profit of the 23 manufacturers stood at Rs 8,825.4, which was just 2.69 per cent of the total gross turnover at Rs 3,28,236.3 crore. As per the data, out of the 23 manufacturers, 15 made profits during the fiscal under review while eight companies reported losses. Among the 15 manufacturers were Maruti Suzuki India (MSI), Mahindra & Mahindra (M&M) and Hyundai Motor India, while the eight companies that reported losses include Tata Motors, Honda Cars and Ford India in their operations, according to the data. The country's largest carmaker Maruti Suzuki reported a net profit of Rs 7,337.7 crore in 2016-17, while Mahindra & Mahindra posted a net profit of Rs ...

Rs 100-million pay packages: The new normal for automobile firms' CEOs

With a remuneration of Rs 755 million last year, Pawan Munjal, the chief of country's biggest two-wheeler maker Hero MotoCorp, leads the pack among automobile CEOs

China steers its way to capture world's automobile industry

The industry is set for more upheaval as China unravels a two-decade policy that capped foreign ownership of carmaking ventures at 50 per cent

Most car makers lose share in a growing market

> There are more losers than gainers in one of the world's fastest growing car market, India. Even as the domestic market has expanded by 9 per cent during January-July period of 2017, big brands like Hyundai, M&M, Toyota and Renault have lost share. Ford, Volkswagen and Nissan have just managed to retain share. The domestic market expanded by nine per cent to 1.82 million units during the first seven months. However, of the top ten companies, only three were able to grow market share. The key gainer has been Maruti Suzuki, the largest player in domestic passenger vehicle market. According to data sourced from Siam, the Suzuki owned company has expanded its share from 46.5 per cent last year to 49.3 per cent in first seven months of 2017. "Maruti Suzuki's growth presents an interesting and rare situation where the biggest player in an industry has gained share year after year while most others struggle to grow," said an automobile analyst. The company has seen its domestic ..