Auto Sector Slowdown
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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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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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Need An Effective Scrappage Policy To Help Auto Industry: Daimler India CEO
Daimler India Commercial Vehicles MD and CEO, Satyakam Arya, says that GST cut will not be enough to help the auto industry recover from the current slowdown. Instead, Arya says that the government needs to come out with an effective scrappage policy to help the industry.
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India's Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August
Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.
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Auto Crisis: Passenger Vehicle Sales See Worst Ever Monthly Drop Since 1997-98
The Indian auto industry saw the worst drop as August 2019 saw a decline of 31.57 per cent for total passenger vehicle sales.
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Auto Industry Warns of More Job Losses If Slowdown Continues
Seeking urgent stimulus from the government in the form of GST reduction, the auto industry on Thursday cautioned that if the current slowdown in the sector continued, there would be further job losses that could have societal and social consequences.
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Inauspicious Month? Nitish Kumar Backs Deputy's Bizarre Logic On Economy
Bihar Finance Minister Sushil Modi has an interesting theory to explain the slowdown in auto sector that has led to thousands of job losses and a cut-down in production.
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Government Departments To Start Buying New Cars Again To Support The Auto Sector
Finance Minister Nirmala Sitharaman has announced lifting the ban on government departments buying new cars for all officials. This comes as a major relief for the Indian auto sector, which is currently going through one of the biggest sales slowdowns ever.
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Still In Talks With PMO On What Steps To Take: Finance Minister On Auto Sector's Revival
Following the auto industry's request made to the Government to help revive the auto sector, Finance Minister, Nirmala Sitharaman has now said that they are still in talks with PMO (Prime Minister's Office) on this matter.
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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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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.
-
Need An Effective Scrappage Policy To Help Auto Industry: Daimler India CEO
Daimler India Commercial Vehicles MD and CEO, Satyakam Arya, says that GST cut will not be enough to help the auto industry recover from the current slowdown. Instead, Arya says that the government needs to come out with an effective scrappage policy to help the industry.
-
India's Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August
Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.
-
Auto Crisis: Passenger Vehicle Sales See Worst Ever Monthly Drop Since 1997-98
The Indian auto industry saw the worst drop as August 2019 saw a decline of 31.57 per cent for total passenger vehicle sales.
-
Auto Industry Warns of More Job Losses If Slowdown Continues
Seeking urgent stimulus from the government in the form of GST reduction, the auto industry on Thursday cautioned that if the current slowdown in the sector continued, there would be further job losses that could have societal and social consequences.
-
Inauspicious Month? Nitish Kumar Backs Deputy's Bizarre Logic On Economy
Bihar Finance Minister Sushil Modi has an interesting theory to explain the slowdown in auto sector that has led to thousands of job losses and a cut-down in production.
-
Government Departments To Start Buying New Cars Again To Support The Auto Sector
Finance Minister Nirmala Sitharaman has announced lifting the ban on government departments buying new cars for all officials. This comes as a major relief for the Indian auto sector, which is currently going through one of the biggest sales slowdowns ever.
-
Still In Talks With PMO On What Steps To Take: Finance Minister On Auto Sector's Revival
Following the auto industry's request made to the Government to help revive the auto sector, Finance Minister, Nirmala Sitharaman has now said that they are still in talks with PMO (Prime Minister's Office) on this matter.
