Automobile Sector Growth

'Automobile Sector Growth' - 22 News Result(s)

  • Indian Auto Sector Sees Overall Growth Of 4% In July 2021; PV Sales Grew 45% YoY
    Written by Seshan Vijayraghvan | Thursday August 12, 2021
    The Society Of Indian Automobile Manufacturers, or SIAM India, has released the monthly sales data for July 2021. Last month, the auto sector witnessed an overall year-on-year (YoY) growth of 4 per cent, selling 15,36,269 vehicles, as against 14,76,861 units sold in July 2020.
  • Demand In Auto Sector To Recover Despite COVID-19 Second Wave: Report
    Business | ANI | Saturday June 12, 2021
    Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.
  • Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory
    Written by Shubham Parashar | Friday October 23, 2020
    While domestic sales of passenger vehicles have recorded a growth of 17.02 per cent in Q2 of FY2021 at 7,26,232 units, according to the data shared by the Society of Indian Automobile Manufacturers (SIAM), auto exports in the same period went down by 41.96 per cent at 1,11,555 units.
  • Auto Industry Could Take 4 Years To Get Back On The Growth Trajectory; New Investments Unviable: SIAM
    Written by Shubham Parashar | Tuesday July 14, 2020
    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.
  • India's Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amidst Pandemic
    Reuters | Tuesday May 12, 2020
    India's automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year in a worst-case scenario as economic growth slumps due to the COVID-19 pandemic, and they are seeking government help through the crisis.
  • Sensex Falls Over 200 Points, Nifty Below 12,200 After IMF Trims Growth Forecasts: 10 Things To Know
    Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday January 21, 2020
    Domestic stock markets opened lower on Tuesday tracking weakness in global peers, a day after the International Monetary Fund (IMF) cut its growth estimate for India to 4.8 per cent for the current financial year. The S&P BSE Sensex index fell as much as 227.28 points to hit 41,301.63 in early trade and the broader NSE Nifty benchmark declined to a...
  • Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM
    Business | Edited by Sandeep Singh (with inputs from Reuters) | Friday October 11, 2019
    Passenger vehicle sales in the country fell 23.69 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. That marked the longest ever streak of falling sales for the country's automobile industry. The data comes at a time the country's auto sector is struggling against weak demand leadi...
  • Indian Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues
    Business | Thomson Reuters | Thursday July 25, 2019
    India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4 per cent in the first quarter, and monthly passenger vehicle sales in June fell by the biggest margin in 18 years
  • Sensex Plunges Nearly 400 Points From Day's High, Nifty Gives Up 11,300: 10 Things To Know
    Business | NDTV Profit Team | Wednesday July 24, 2019
    Domestic stock markets suffered sharp losses on Wednesday despite gains in Asian peers, a day after the International Monetary Fund cut its growth forecasts for India. The S&P BSE Sensex benchmark added 120.1 points to touch 38,102.84 on the upside in morning deals, and then slumped as much as 394.43 points from that level to touch 37,708.41 at the...
  • Sensex Falls Over 300 Points From Day's High: 10 Things To Know
    Business | NDTV Profit Team | Wednesday July 24, 2019
    Domestic stock markets gave up early gains after opening on a mixed note on Wednesday, a day after the International Monetary Fund cut its growth forecast for India citing a weaker-than-expected outlook for domestic demand. The S&P BSE Sensex benchmark first added 120.1 points to touch 38,102.84 on the upside, and then slumped as much as 337.17 poi...
  • Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
    Business | NDTV Profit Team | Saturday July 6, 2019
    Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
  • Growth Rate Of The Automobile Sector Keeps Changing Every Month: Nitin Gadkari
    Reported by Ameya Naik, Written by CarAndBike Team | Friday May 10, 2019
    Only two of the 16 companies on BSE Auto Index have held their heads above water this year. Tata Motors which rebounded last month after declining to its lowest level since 2011 in February.
  • Government To Give Incentives To Boost Electric Vehicles
    Reported by Pratik Rakshit, Written by PTI | Tuesday December 19, 2017
    Today, automobile along with automobile component industry is one of the key drivers of India's economic growth, contributing 7.2 per cent to the GDP.
  • Budget 2017-18: Impact On The Indian Automotive Industry
    Written by Siddharth Vinayak Patankar | Wednesday February 1, 2017
    Every year when it is time for the Union Budget, there is a tonne of speculation and expectation on what various sectors can expect. But truth be told that's usually more of a wish list rather than realistic expectations. In the case of the automobile sector it has traditionally been a demand for the reduction of indirect taxes that hurt the indust...
  • Growth Of Job Generation Decelerated In 2015, Says Nirmala Sitharaman
    Business | Press Trust of India | Monday July 25, 2016
    Growth of job creation decelerated significantly in 2015 as some key sectors such as automobiles and gems and jewellery saw layoff of workers, Parliament was informed on Monday.

'Automobile Sector Growth' - 22 News Result(s)

  • Indian Auto Sector Sees Overall Growth Of 4% In July 2021; PV Sales Grew 45% YoY
    Written by Seshan Vijayraghvan | Thursday August 12, 2021
    The Society Of Indian Automobile Manufacturers, or SIAM India, has released the monthly sales data for July 2021. Last month, the auto sector witnessed an overall year-on-year (YoY) growth of 4 per cent, selling 15,36,269 vehicles, as against 14,76,861 units sold in July 2020.
  • Demand In Auto Sector To Recover Despite COVID-19 Second Wave: Report
    Business | ANI | Saturday June 12, 2021
    Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.
  • Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory
    Written by Shubham Parashar | Friday October 23, 2020
    While domestic sales of passenger vehicles have recorded a growth of 17.02 per cent in Q2 of FY2021 at 7,26,232 units, according to the data shared by the Society of Indian Automobile Manufacturers (SIAM), auto exports in the same period went down by 41.96 per cent at 1,11,555 units.
  • Auto Industry Could Take 4 Years To Get Back On The Growth Trajectory; New Investments Unviable: SIAM
    Written by Shubham Parashar | Tuesday July 14, 2020
    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.
  • India's Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amidst Pandemic
    Reuters | Tuesday May 12, 2020
    India's automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year in a worst-case scenario as economic growth slumps due to the COVID-19 pandemic, and they are seeking government help through the crisis.
  • Sensex Falls Over 200 Points, Nifty Below 12,200 After IMF Trims Growth Forecasts: 10 Things To Know
    Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday January 21, 2020
    Domestic stock markets opened lower on Tuesday tracking weakness in global peers, a day after the International Monetary Fund (IMF) cut its growth estimate for India to 4.8 per cent for the current financial year. The S&P BSE Sensex index fell as much as 227.28 points to hit 41,301.63 in early trade and the broader NSE Nifty benchmark declined to a...
  • Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM
    Business | Edited by Sandeep Singh (with inputs from Reuters) | Friday October 11, 2019
    Passenger vehicle sales in the country fell 23.69 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. That marked the longest ever streak of falling sales for the country's automobile industry. The data comes at a time the country's auto sector is struggling against weak demand leadi...
  • Indian Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues
    Business | Thomson Reuters | Thursday July 25, 2019
    India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4 per cent in the first quarter, and monthly passenger vehicle sales in June fell by the biggest margin in 18 years
  • Sensex Plunges Nearly 400 Points From Day's High, Nifty Gives Up 11,300: 10 Things To Know
    Business | NDTV Profit Team | Wednesday July 24, 2019
    Domestic stock markets suffered sharp losses on Wednesday despite gains in Asian peers, a day after the International Monetary Fund cut its growth forecasts for India. The S&P BSE Sensex benchmark added 120.1 points to touch 38,102.84 on the upside in morning deals, and then slumped as much as 394.43 points from that level to touch 37,708.41 at the...
  • Sensex Falls Over 300 Points From Day's High: 10 Things To Know
    Business | NDTV Profit Team | Wednesday July 24, 2019
    Domestic stock markets gave up early gains after opening on a mixed note on Wednesday, a day after the International Monetary Fund cut its growth forecast for India citing a weaker-than-expected outlook for domestic demand. The S&P BSE Sensex benchmark first added 120.1 points to touch 38,102.84 on the upside, and then slumped as much as 337.17 poi...
  • Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
    Business | NDTV Profit Team | Saturday July 6, 2019
    Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
  • Growth Rate Of The Automobile Sector Keeps Changing Every Month: Nitin Gadkari
    Reported by Ameya Naik, Written by CarAndBike Team | Friday May 10, 2019
    Only two of the 16 companies on BSE Auto Index have held their heads above water this year. Tata Motors which rebounded last month after declining to its lowest level since 2011 in February.
  • Government To Give Incentives To Boost Electric Vehicles
    Reported by Pratik Rakshit, Written by PTI | Tuesday December 19, 2017
    Today, automobile along with automobile component industry is one of the key drivers of India's economic growth, contributing 7.2 per cent to the GDP.
  • Budget 2017-18: Impact On The Indian Automotive Industry
    Written by Siddharth Vinayak Patankar | Wednesday February 1, 2017
    Every year when it is time for the Union Budget, there is a tonne of speculation and expectation on what various sectors can expect. But truth be told that's usually more of a wish list rather than realistic expectations. In the case of the automobile sector it has traditionally been a demand for the reduction of indirect taxes that hurt the indust...
  • Growth Of Job Generation Decelerated In 2015, Says Nirmala Sitharaman
    Business | Press Trust of India | Monday July 25, 2016
    Growth of job creation decelerated significantly in 2015 as some key sectors such as automobiles and gems and jewellery saw layoff of workers, Parliament was informed on Monday.
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