Page 16 - Automobile Manufacturer

Auto scrappage policy targeting CVs a way to start revival: Sajjan Jindal

If we are to become a $5 trillion economy, then we need at least 7 per cent to 8 per cent GDP growth, if not higher, says Sajjan Jindal

Maruti production up 7.88% in December 2019, manufactures 115,949 units

The company had produced 107,478 units in December 2018, Maruti Suzuki India said in a regulatory filing

Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019

Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago

Ending 2019 on negative note, two-wheeler makers post decline in Dec sales

Suzuki Motorcycle India Pvt Ltd (SMIPL), however, reported a marginal increase in domestic sales last month

Tata Motors' domestic sales fall 12 pc to 44,254 units in December

Tata Motors said its commercial vehicle sales in December 2019 stood at 34,082 units as against 40,015 units in the year-ago month, down 15 per cent

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

Discounts, impending price hikes seen driving up auto sales this month

Some analysts view price hikes announced by car makers as a sales strategy to clear their BS-IV inventory

China auto sales sink 5.4% in November, market slides for second year

Sales for the 11 months through November were off 10.5 per cent from a year earlier

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

BSVI emission norms: Toyota to phase out Etios, Liva by April 2020 in India

Mumbai, 21 NovemberThe Toyota Etios sedan, Etios Cross and Liva hatchback could hit the end of the road once the stringent BS-VI emission norms take effect from April.The high cost of switchover and low volumes have, aver informed souces, prompted Toyota Kirloskar Motor (TKM) to pull the plug on its mass segment models. Now on, Toyota is unlikely to make any model on its own for the mass segment here -- it might instead source from Suzuki's India subsidiary and re-badge these. A spokesperson at Maruti Suzuki India declined to comment. A spokesperson at TKM said the company would "refrain from commenting on the specifics as it pertains to future product plans". Adding that the company was "closely monitoring customer needs and trends" in trying to bring products suitable for the Indian market. In India, as part of the broader agreement between the two Japanese parent entities, Toyota sells the Suzuki Baleno as the rebadged Glanza. It plans to add to its line-up with the re-badged ...

Auto slowdown: Component makers, vehicle manufacturers differ on recovery

Passenger vehicle (PV) sales fell around 20 per cent year-on-year in the April to October period, first seven months of this financial year

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

The drive now is to invest in existing customers: Audi India Head

In an Interview with Pavan Lall, Audi new India head Balbir Singh Dhillon talks about his company's plans to increase its market share

A positive story from the gloom: Automakers ambitious on overseas expansion

The slowdown in the domestic market has whetted the overseas ambition of the industry

Hyundai India net profit grows 21.5% in 2018-19 despite slow down

The company achieved its highest ever wholesale sales volume--of 52,001 units--in October 2018.

Auto slowdown, uncertainity forces component industry to cut down capex

The component manufacturers have found themselves fighting the downturn with lower utilisation of existing capacity

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

Auto sector gets a breather as FM announces measures to boost demand

Resumption of car purchase by govt departments, increase in depreciation to 30% may boost sales

Kia Motors makes India debut, launches Seltos SUV starting of Rs 9.69 lakh

The company has already seen as many as 32,035 bookings till date

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers