Covid-19 pulls down Bosch India’s BS VI order book by $800 million
On the back of 11% slip in business for FY-20, the auto component industry is bracing for yet another year of steep decline as both domestic...Read More
Showing posts with label auto et. Show all posts
Showing posts with label auto et. Show all posts
Global PEs, auto parts majors look to buy ZF’s stake in TVS JV
Even though TVS could buyout the partner, global private equity players, international and a select set of home-grown auto component players...Read More
Niti Aayog seeks Cabinet nod for battery push
The move is part of an effort to push use of EVs, for which high battery cost is a big hurdle. The batteries, currently being imported, acco...Read More
PMI Electro and BYD-Olectra bag most e-bus orders
Haryana-based PMI Electro Mobility Solutions, which has a technical tie-up with Chinese commercial vehicle maker Beiqi Foton Motors, has bag...Read More
Not enough EV sales yet to build viable finance plan, say lenders
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan. For the personal buye...Read More
Auto sales at 20-year nadir in 2019: SIAM
In passenger vehicles, an easing in the pace of decline in December, though on a low base, and an improvement in the rolling average in the ...Read More
Scrappage policy: No direct sops for junking old cars
“The Central government will not offer any direct incentives in the policy or any tax sops, as was being talked about earlier,” an official ...Read More
Cash-starved transport utilities, rigid rules hit bidding for e-buses
In some states, the transport utilities have allegedly paid salaries to their staffers out of the subsidy given by the Centre for electric b...Read More
Diwali gives struggling auto companies reason to cheer
Retail sales of passenger vehicles improved 13.9% in October over the preceding year, while two-wheeler sales improved 8.9%, vehicle registr...Read More
Toyota pips Tata Motors to become 4th biggest carmaker
The maker of premium utility vehicles such as Innova and Fortuner recorded a market share of 4.86% in the first half of FY20, posting an inc...Read More
Automakers are now chasing glory abroad to beat blues at home
As slump continues, some auto majors look to roll out new models in the hope of drawing buyers and target overseas markets to drive sales. ...Read More
New models help Hyundai, M&M drive up market share in FY20
In a market that declined by about 24% between April and August, Hyundai and Mahindra's volumes slipped just 10%. from Auto-Industry-E...Read More
Honda motorcycle runs foul of CCI for abusing dominant position
The DG's report claims to have found evidence of the market abuse through emails to dealers as also their depositions. from Auto-Indus...Read More
Maruti to roll out CNG models of all small cars
The carmaker expects sales of vehicles with cleaner fuel to pick up following decision to stop diesel vehicle production. from Auto-Indust...Read More
Auto slide continues in August, but revival steps offer hope
Sales of Maruti, Toyota, M&M drop on liquidity crisis, higher ownership costs and floods. from Auto-Industry-Economic Times https://if...Read More
Auto sector demand will revive: Industry captains
Guenter Butschek, managing director of Tata Motors, said the measures to improve liquidity, drive growth and reduce the cost of ownership of...Read More
Slump-hit auto firms are halving their fresher intake
Owing to slowdown in the Auto sector, large carmakers such as M&M and Tatas are taking a detour around campus recruitments. from Auto-...Read More
Auto sector in slide mode: Sales dip across categories as sentiment stays weak
Footfalls at dealerships had also started to decline, suggesting extremely weak consumer sentiment. from Auto-Industry-Economic Times http...Read More
Nissan Motor to fire 1,700 staff in India
Nissan has not had a good time in India during its decade-long presence in the country. Its attempt to crack the mass market with the Datsun...Read More
India's passenger vehicle market going through the worst slowdown
Barring flattish sales witnessed in October last year, sales have fallen every month in almost a year now. from Auto-Industry-Economic Tim...Read More
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