Auto Sector Slowdown
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Auto Industry Could Take 4 Years To Get Back On The Growth Trajectory; New Investments Unviable: SIAM
SIAM has projected a de-growth outlook of anywhere between 25 per cent - 45 per cent for FY2021 and cannot see the situation recovering anytime soon. This will also take a toll on further investments in new technologies like advanced hybrid vehicles, electric vehicles and EV infrastructure among others.
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Coronavirus Lockdown: FADA Seeks Government's Support For Auto Dealers
Auto dealers in India employ around 40 lakh people with each dealership employing about 80 - 150 people on an average. Job losses owing to the slowdown has worst affected auto dealers and component sector and that's the biggest fear post the lockdown period.
-
Coronavirus Lockdown: Audi India Reviews Launch Plans Of Its Future Models
Audi has had a sluggish launch period post the dieselgate scandal and after of couple of years it came strong with a new product offensive in India with major focus being on petrol model line-up followed by all-electric cars.
-
9 Highly-Awaited Car Launches In India Postponed Because Of Coronavirus Pandemic
It's not the best of times for the globe as the Coronavirus pandemic has put the world on lockdown and we need to follow it seriously to stop further contamination. The auto industry is also witnessing major losses as a result of all auto and components manufacturing facilities shut for the next three weeks. Recovering from an economic slowdown ove...
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Supreme Court Refuses To Hear Plea To Extend Sale Of BS4 Vehicles
The Supreme Court has refused to hear the plea of the Federation of Automobile Dealers Associations (FADA) for extension of the deadline to sell BS4 vehicles beyond March 31. The association had requested the Apex court for permission of sale and registration of BS4 vehicles till May 31, 2020, due to a massive drop in retail numbers resulted by the...
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Two-Wheeler Sales January 2020: Suzuki Volumes Decline For The First Time In 41 Months
Suzuki Motorcycle India has reported a sale of 65,402 units (domestic + exports) in January 2020, registering degrowth of 5.4 per cent, as compared to 69,162 units sold during the same month last year. The two-wheeler manufacturer had been able to buck the trend for the longest time and was one of the few two-wheeler makers to post a hike in sales ...
-
Auto Sales In India In 2019 Witness Biggest Drop In Two Decades
The Indian auto sector had a forgettable year - 2019 - as the industry soldiered on despite one of the worst periods. Sales for passenger vehicles including cars, SUVs and even two-wheelers witnessed a major decline last year, dropping at its lowest in two decades. Apart from the economic slump in the Indian corporate sector, financing issues, elec...
-
India Cannot Achieve $5 Trillion Economy With Automotive Industry Slowdown: Pawan Goenka
The Indian auto sector continues to soldier amidst the trying times and sales are far from seeing a steady revival for automakers. The auto industry is also one of the largest contributors to the country's manufacturing GDP and the slowdown is certainly hurting India's economic growth too. Speaking on the same, Pawan Goenka - Managing Director, Mah...
-
MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Survey
The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. Howeve...
-
Global Auto Deals Dry Up In Third Quarter Amid Slowing Economy - Report
M&A activity in the global automotive sector plunged in the third quarter, PricewaterhouseCoopers LLP said in a report on Thursday, citing fewer big-ticket deals. Mergers and acquisitions around the world have sunk to three-year lows, accelerated by trade tensions and growing economic uncertainty.
-
India's Retail Inflation Surges In September, But Rate Cut Hopes Still High
India's retail inflation rose close to the central bank's medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
-
Slowdown In Auto Sector Prompts Goa To Cut Road Tax By 50 Per Cent
In a bid to boost demand in the auto sector battling downturn, the Goa government on Wednesday announced to slash road tax by 50 per cent on the purchase of any type of new vehicles for a period of three months, till December 31.
-
Hyundai Motor India Rolls Out 9 Millionth Vehicle From Chennai Plant
South Korean automaker Hyundai Motor completes 21 years in India this year and the brand achieved a new milestone recently rolling out its nine millionth vehicle from the Chennai-based facility. The company's nine millionth vehicle arrives amidst the slowdown in the auto sector, but a strong line-up of new launches, popular products and growing ex...
-
Amid Slowdown Lamborghini India Delivers 50 Urus SUVs In 1 Year
Even as a slowdown continues to dent India's car market, luxury automobile manufacturer Lamborghini India has created a record for the fastest 50 deliveries of SUV 'Urus' within the first 12 months of its launch.
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Maruti Suzuki Cuts Rs 5,000 For 10 Models Amid Auto Sector Slowdown
India's biggest maker of passenger vehicles Maruti Suzuki cut prices of some car models Wednesday in a bid to boost sales as the auto sector struggles with weak demand amid a wider economic slowdown.
-
Auto Industry Could Take 4 Years To Get Back On The Growth Trajectory; New Investments Unviable: SIAM
SIAM has projected a de-growth outlook of anywhere between 25 per cent - 45 per cent for FY2021 and cannot see the situation recovering anytime soon. This will also take a toll on further investments in new technologies like advanced hybrid vehicles, electric vehicles and EV infrastructure among others.
-
Coronavirus Lockdown: FADA Seeks Government's Support For Auto Dealers
Auto dealers in India employ around 40 lakh people with each dealership employing about 80 - 150 people on an average. Job losses owing to the slowdown has worst affected auto dealers and component sector and that's the biggest fear post the lockdown period.
-
Coronavirus Lockdown: Audi India Reviews Launch Plans Of Its Future Models
Audi has had a sluggish launch period post the dieselgate scandal and after of couple of years it came strong with a new product offensive in India with major focus being on petrol model line-up followed by all-electric cars.
-
9 Highly-Awaited Car Launches In India Postponed Because Of Coronavirus Pandemic
It's not the best of times for the globe as the Coronavirus pandemic has put the world on lockdown and we need to follow it seriously to stop further contamination. The auto industry is also witnessing major losses as a result of all auto and components manufacturing facilities shut for the next three weeks. Recovering from an economic slowdown ove...
-
Supreme Court Refuses To Hear Plea To Extend Sale Of BS4 Vehicles
The Supreme Court has refused to hear the plea of the Federation of Automobile Dealers Associations (FADA) for extension of the deadline to sell BS4 vehicles beyond March 31. The association had requested the Apex court for permission of sale and registration of BS4 vehicles till May 31, 2020, due to a massive drop in retail numbers resulted by the...
-
Two-Wheeler Sales January 2020: Suzuki Volumes Decline For The First Time In 41 Months
Suzuki Motorcycle India has reported a sale of 65,402 units (domestic + exports) in January 2020, registering degrowth of 5.4 per cent, as compared to 69,162 units sold during the same month last year. The two-wheeler manufacturer had been able to buck the trend for the longest time and was one of the few two-wheeler makers to post a hike in sales ...
-
Auto Sales In India In 2019 Witness Biggest Drop In Two Decades
The Indian auto sector had a forgettable year - 2019 - as the industry soldiered on despite one of the worst periods. Sales for passenger vehicles including cars, SUVs and even two-wheelers witnessed a major decline last year, dropping at its lowest in two decades. Apart from the economic slump in the Indian corporate sector, financing issues, elec...
-
India Cannot Achieve $5 Trillion Economy With Automotive Industry Slowdown: Pawan Goenka
The Indian auto sector continues to soldier amidst the trying times and sales are far from seeing a steady revival for automakers. The auto industry is also one of the largest contributors to the country's manufacturing GDP and the slowdown is certainly hurting India's economic growth too. Speaking on the same, Pawan Goenka - Managing Director, Mah...
-
MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Survey
The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. Howeve...
-
Global Auto Deals Dry Up In Third Quarter Amid Slowing Economy - Report
M&A activity in the global automotive sector plunged in the third quarter, PricewaterhouseCoopers LLP said in a report on Thursday, citing fewer big-ticket deals. Mergers and acquisitions around the world have sunk to three-year lows, accelerated by trade tensions and growing economic uncertainty.
-
India's Retail Inflation Surges In September, But Rate Cut Hopes Still High
India's retail inflation rose close to the central bank's medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
-
Slowdown In Auto Sector Prompts Goa To Cut Road Tax By 50 Per Cent
In a bid to boost demand in the auto sector battling downturn, the Goa government on Wednesday announced to slash road tax by 50 per cent on the purchase of any type of new vehicles for a period of three months, till December 31.
-
Hyundai Motor India Rolls Out 9 Millionth Vehicle From Chennai Plant
South Korean automaker Hyundai Motor completes 21 years in India this year and the brand achieved a new milestone recently rolling out its nine millionth vehicle from the Chennai-based facility. The company's nine millionth vehicle arrives amidst the slowdown in the auto sector, but a strong line-up of new launches, popular products and growing ex...
-
Amid Slowdown Lamborghini India Delivers 50 Urus SUVs In 1 Year
Even as a slowdown continues to dent India's car market, luxury automobile manufacturer Lamborghini India has created a record for the fastest 50 deliveries of SUV 'Urus' within the first 12 months of its launch.
-
Maruti Suzuki Cuts Rs 5,000 For 10 Models Amid Auto Sector Slowdown
India's biggest maker of passenger vehicles Maruti Suzuki cut prices of some car models Wednesday in a bid to boost sales as the auto sector struggles with weak demand amid a wider economic slowdown.
