Automobile Sector Growth
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GST Rate Cuts To Spur Growth, Benefit First-Time Buyers: Auto Industry
The GST Council's decision to cut tax rates on various categories of automobiles is timely and will inject fresh momentum into the Indian automotive sector.
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SBI Report Estimates The Impact Of Trump Tariffs On American Economy
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the US economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
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EV Market in India to Cross 1 Crore Annual Sales Mark, Create 5 Crore Jobs by 2030: Economic Survey
India's EV market is expected to grow to one crore units per annum by 2030 while creating 5 crore jobs, data from the Economic Survey 2022-23 shows. The total EV sales in India stood at around 10 lakh units in 2022, according to industry estimates.
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Indian Auto Sector Sees Overall Growth Of 4% In July 2021; PV Sales Grew 45% YoY
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.
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Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory
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.
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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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India's Automakers Warn Of Up To 45% Sales Drop As Economy Slumps Amidst Pandemic
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.
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Growth Rate Of The Automobile Sector Keeps Changing Every Month: Nitin Gadkari
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.
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Government To Give Incentives To Boost Electric Vehicles
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.
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Budget 2017-18: Impact On The Indian Automotive Industry
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...
-
GST Rate Cuts To Spur Growth, Benefit First-Time Buyers: Auto Industry
The GST Council's decision to cut tax rates on various categories of automobiles is timely and will inject fresh momentum into the Indian automotive sector.
-
SBI Report Estimates The Impact Of Trump Tariffs On American Economy
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the US economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
-
EV Market in India to Cross 1 Crore Annual Sales Mark, Create 5 Crore Jobs by 2030: Economic Survey
India's EV market is expected to grow to one crore units per annum by 2030 while creating 5 crore jobs, data from the Economic Survey 2022-23 shows. The total EV sales in India stood at around 10 lakh units in 2022, according to industry estimates.
-
Indian Auto Sector Sees Overall Growth Of 4% In July 2021; PV Sales Grew 45% YoY
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.
-
Coronavirus Pandemic Dents Auto Exports; Domestic Sales Get Back On The Growth Trajectory
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
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
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.
-
Growth Rate Of The Automobile Sector Keeps Changing Every Month: Nitin Gadkari
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
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
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...
