Page 6 - Automotive Industry

Andrew Palmer joins Optare Plc as non-executive chairman: Ashok Leyland

Palmer will be taking over from John Fickling, who is stepping down as Chairman due to personal reasons

Automotive aftermarket spending to fall 11% in FY21: Crisil report

According to the report, aftermarket automotive spends are typically driven by annual running and replacement frequency

Maruti Suzuki chairman R C Bhargava pens book on industrialising India

According to the author, it is necessary to build trust with the political system, governments, bureaucracy, judiciary and industrial leaders

Murugappa's Tube Investments plans to set up truck body building plants

TMT bars & Truck Body Building businesses are more like venture capital investments at the incubatory stage, says management

Life after Covid-19: How the Indian automotive sector can be future-ready

A three-pronged approach can help the sector navigate turbulence related to Covid-19

Used-CV sales surge on rural demand uptick, health ministry guidelines

Small Commercial Vehicles and Light Commercial Vehicles are buoyant, Medium and Heavt segment yet to see traction

War on Covid-19: Major auto, electronic units in Tamil Nadu come to a halt

People-first approach marks decision with some firms saying there will be no pay or job cuts

Auto industry has potential to grow at CAGR of 5% through 2026: Report

The SUV segment currently accounts for 26 per cent of total car sales in India

Lucas-TVS to exit India Japan Lighting, sell stake to JV partner Koito

IJL has manufacturing operations in Chennai and Haryana's Bawal and is setting up a third plant at an investment of Rs 500 crore in Gujarat

Auto slowdown: Component makers, vehicle manufacturers differ on recovery

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

Icra downgrades its outlook on automotive dealership sector to negative

The muted industry scenario has stressed credit profile of dealers, especially those of new entrants and, has forced some dealerships to shut down as well, he added.

Auto crisis: FADA urges GST Council to take definitive decision on rate

Hero MotoCorp urged the Centre to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage, and deferring tax cut on four-wheelers to a later stage

With half their fleet idle, transporters feel the pinch of auto slowdown

Some fleet owners are even considering selling some trucks to tide over the slowdown

Auto industry stares at tough year due to transition to BS-VI norms: SIAM

'Auto industry, as we all have seen in the past eight months, has witnessed continuous de-growth and August being the worst at 30 per cent,' said SIAM's Rajan Wadhera

Honda Cars India domestic sales decline 51% at 8,291 units in August

"The auto sector continues to witness high de-growth due to poor consumer sentiment," HCIL Senior Vice President and Director, Sales and Marketing Rajesh Goel said

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

Chhattisgarh auto sales surge, backed by rural growth amid slowdown

A slump in sales across the country has plunged the sector into a severe crisis

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Auto parts industry fears 1 million jobs could be at stake due to slowdown

The Automotive Component Manufacturers Association of India (ACMA), which represents the auto component industry that alone employs around 5 million people

28% automotive firms started new business based on digital tech: Report

Only 19 per cent believe their digital platforms allow them to reach customers who would not be reached through traditional approaches