Auto industry is losing ₹2,300 crore a day
The slowdown-hit sector takes a further hit as the nationwide lockdown hits demand. Auto sales fall 45% in March, SIAM data shows.
auto sector
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Auto sales fall 19.08% in February
The commercial vehicles segment suffered the steepest fall at 32.90%. The latest worry for the industry is the disruption in the supply of auto parts from China due to the coronavirus outbreak.
Challenge is to sustain momentum: MG Motor
We are looking at increasing our India portfolio to four products in two years, says its India head Rajeev Chaba.
Passenger car sales slide 11% in November
Sales of passenger vehicles, which showed marginal growth in October, also fell last month.
Passenger car sales fall 41% in August: SIAM
The industry body says this is the worst performance by the passenger car segment—the largest by volume—in two decades.
No plan to ban petrol and diesel cars: Nitin Gadkari
The Union minister also assured the auto industry that he would take up its request for a reduction in the GST on hybrid vehicles with finance minister Nirmala Sitharaman.
No need to buy multiple personal accident covers
IRDAI makes personal accident cover voluntary from January 1, 2019.
Macro pains hit auto stocks
Auto sector stocks fell sharply on Thursday amid rising fuel prices and depreciating rupee.
Maruti Suzuki reports 27% profit growth
The company stated that cost reduction efforts, lower advertisement expense and economies of scale helped improve the operating margin.
Toyota to make cars for Suzuki
Toyota Kirloskar Motors will produce models developed by Suzuki Motor Corporation for sale in India.
