
Budget 2022: Auto cos bear the brunt
Auto companies have been smarting under the influence of the pandemic, their woes exacerbated by the semiconductor shortage, rising fuel prices.
Auto companies have been smarting under the influence of the pandemic, their woes exacerbated by the semiconductor shortage, rising fuel prices.
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
Global giants operating in India are evaluating if it makes economic sense to invest in a new plant, in light of the country's tyre import ban.
Tata Motors is getting back in the game, slowly and steadily. Passenger vehicles are on track, powered by new design sensibilities. Now it is looking to bring the shine back to its crown jewel, JLR.
Rising commodity prices have compelled some of India's top automakers to hike car prices, from January. Experts caution this could further dampen consumer demand and delay recovery in the auto sector.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Pushed by festive season offers, passenger vehicles showed the biggest growth: 11%. It grew from 223,498 units last year to 248,036.
Rajiv Bajaj has a 360° plan to make Bajaj Auto live up to its tagline ‘the world’s favourite Indian’.
When Bajaj Auto formulated its export-driven strategy in the mid-nineties, the idea was to sell 20% of its products in global markets. Now the Rajiv Bajaj-led company exports 40%.
A creative destruction is now unfolding across Indian business. Understanding what it is, is vital to the future of the world’s seventh-largest economy.