Covid-19 impact: Auto components sector shrinks
While the first quarter of FY21 was a complete washout, the industry regained significantly from the second quarter onwards.
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Auto parts makers in dire straits: ACMA
Auto component makers in tier 2 and tier 3 areas are in dire straits on the cash-flow front with many on the brink of closure, says the industry body.
Covid-19: Major automakers shut production
With a significant jump in the number of confirmed cases, Maruti Suzuki India, Hyundai, Toyota Kirloskar Motor, Honda have shut operations to check the spread of Covid-19.
Auto industry pins hopes on new launches
About 50 new launches are expected at the February 7-12 event.
July auto sales paint a grim picture
Total sales of India’s top-five passenger vehicle makers plunge 30.6% to 172,992 units during the month.
Motherson Sumi: The secret
Samvardhana Motherson group’s Vivek Chaand Sehgal has diversified and built a risk-free business model through its 21 acquisitions. This is how he did it.
Auto industry expects GST cuts and EV push from the interim Budget
The industry, grappling with high raw material costs, also wants a reduction in the import duty on aluminium and steel.
Auto firms out to woo millennials
For the modern consumer, a car is an extension of their house, workplace and personality. Carmakers are therefore looking at connected ecosystems for millennials who are constantly on the move.
Methanol and other alternative fuels an urgency: Nitin Gadkari
After threatening to “bulldoze” auto companies if they fail to produce cars driven by alternative fuels by 2030, Gadkari pushes for alternative fuels.
Hybrid is a better route for India: ACMA
The auto components makers’ body says that before aggressively pushing for electric vehicles, India must create an ecosystem for electronics manufacturing first.
