Page 17 - Automobile Manufacturer

Passenger vehicle sales drop 11% YoY, but up 4% MoM on monsoon revival

Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June

SBI extends credit period to 75-day for auto dealers facing slack in demand

To help the auto sector tide over stress, the country's largest lender State Bank of India (SBI) has extended the credit period of automobile dealers that are facing demand slowdown and inventory build up. "We are actively engaging with the auto dealers and in case of hardship faced by them the bank is extending credit repayment period on the case to case basis," SBI managing director (retail & digital banking) told reporters here on Sunday. Normally the credit period is of 60 days but the bank has extended the same to 75 days in some cases or 90 days in others, he added. As a bank, we can only focus on the financing side. Our main focus is make available funds at cheaper cost for those retail customers keen on buying cars. We also fund the dealers when they buy cars from the manufacturer. However, for the aspect of revival of demand, only government can step in," he said. Gupta further said there has been a slight downturn in auto loans from the bank in recent months due to ...

Explained in 7 charts: Cause and magnitude of automobile slowdown

While auto parts exports have remained unchanged, car and two-wheeler exports have shrunk, suggesting that demand for completed vehicles is a bigger worry in global markets for Indian auto players

Bumpy road ahead: Automakers to face a long winter if govt doesn't act

What dismays automakers the most is the government's failure to take measures to kick-start growth

Four reasons why this auto slowdown is different and the road ahead

The recent NBFC crisis had a twin effect on demand. It curtailed financing to new vehicles, and NBFC were financing customers who were not preferred for financing by banks

Auto sector may start seeing growth between Jan and Apr 2020: TVS Motor CMD

TVS Motor Company Chairman and Managing Director Venu Srinivasan also said that there has been a significant cost increase from BS-III to BS-VI

Apr-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Passenger vehicles production in India was down 13.18 per cent in April-July this fiscal with top manufacturers such as Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Ford, Toyota and Honda reducing output massively. Hyundai Motor India Ltd (HMIL) and Volkswagen India were the only two main manufacturers which saw production grow marginally during the period, according to the latest data by the Society of Indian Automobile Manufacturers (SIAM). Total Passenger vehicles (PV) production in the April-July period stood at 12,13,281 units as against 13,97,404 units in the same period last fiscal, down 13.18 per cent, SIAM said. Market leader Maruti Suzuki India's (MSI) production during the period stood at 5,32,979 units, down 18.06 per cent from the comparable period last fiscal. Mahindra & Mahindra (M&M) also curtailed its production by 10.65 per cent at 80,679 units, while that of Ford India stood at 71,348 units, down 25.11 per cent from the year-ago period. Tata Motors' .

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Amid slowing sales, carmakers fear fee hike will further dent demand

The draft notification proposes to increase the registration fees from Rs 1,500 to Rs 20,000 for new M&HCVs and from Rs 1,500 to Rs 40,000 for renewals

Jamna Auto Industries braces for plant shutdowns amid industry-wide crisis

India's auto sector is facing a downturn triggering massive job cuts and factory shutdowns

India gets its act together on EVs, the roadblock is in supporting tech

While the govt and NITI Aayog have done much groundwork on technologies like AI, IoT and analytics, the hitch lies in execution

Sales slumps in India, China clobber automakers banking on Asia for growth

The slump is exacerbating problems of excess capacity, with factory utilisation rates at China plants for many automakers estimated below break-even point

Govt intervention needed to save auto component sector jobs: ACMA president

Leading industry body head says the govt should intervene with measures like cutting the GST rate to 18% across the entire auto and auto component sector

Nifty Auto hits three-year low. Analysts see more pain ahead

Thus far in the calendar year 2019, auto index slipped 21 per cent, against 5 per cent rise in the benchmark index

Slowdown in automobile sales forces parts makers to tread with caution

Few suppliers curtailing production to four or five days a week depending on the schedule of their customers