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auto industry
Auto LPG is used in 70 countries world over as compared for 4-5 nations including Iran, India, and Pakistan using CNG as automobile fuel.
Auto LPG body seeks GST cut, level playing field to spur usage
27 Aug 2019 3:18 PM

IAC also sought a reduction in GST on auto LPG kits to 5 per cent from 28 per cent.

“The slowdown in the automotive industry is a combination of multiple factors–weak economic environment, leading to weak consumer sentiments has been further aggravated by rising vehicle ownership costs and tight liquidity conditions,” Subrata Ray, Senior Group Vice President at Icra research told FC.
Cheerless festival ahead for autos
23 Aug 2019 12:55 AM

Automakers were now banking on the festival season for a lift up, which is expected by the end of this year.

Prime Minister Narendra Modi has been working to push electric vehicles in an effort to cut India’s fuel import bill and curb pollution.
Govt has not set deadline to launch electric vehicles: official
21 Aug 2019 2:07 PM

Auto industry has been caught in the middle of slowing economic growth that has led to a slump in demand for vehicles.

Mahindra and Mahindra
M&M says fiscal stimulus needed for India's auto industry
18 Aug 2019 3:58 PM

M&M's Managing Director Pawan Goenka said that the auto maker has retrenched about 1,500 temporary workers since April 1.

Tata Motors saw its sales going down by 34 percent to 32,938 units. (Representational image)
The flip side to the ongoing recession in the Auto Industry!
13 Aug 2019 10:04 AM

Maruti Suzuki India reported a sixth consecutive monthly sales to decline with the numbers falling 33.5 per cent.

The auto sector contributes more than 7 per cent of India’s GDP, is facing one of its worst downturns. (Representational image)
Indian auto executives seek tax cuts, easier finance access to revive sales: sources
08 Aug 2019 9:18 AM

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

I do believe that kick-starting the auto industry with a few short-term measures will serve a greater national purpose, said Mahindra group chairman Anand Mahindra addressing the company's shareholders at its 73rd AGM. (Photo: File)
'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra
07 Aug 2019 6:55 PM

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

Yes, we have asked for certain enablers for the auto industry and they have thought on it. I am very hopeful that there will be a stimulus package (for the auto industry) coming soon, said Society of Indian Automobile Manufacturers President Rajan Wadhera.
Auto industry seeks stimulus package from government
07 Aug 2019 5:16 PM

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

Parag Satpute
Bridgestone raises capex at Indore plant
12 Jul 2019 1:28 AM

This factory produces a range of radial tyres for the passenger vehicle (PV) segment in Asia's third biggest car market.

I'm biased, of course, but the auto industry is one such 'Mandara'. It has a huge multiplier effect on small companies & on employment. Lowering GST would help, tweeted Anand Mahindra.
Lowering GST on automobiles would help the economy: Anand Mahindra
26 Jun 2019 1:37 PM

Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.

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