Indian Auto Sector
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Creating A Sub-Vendor Ecosystem Key To Manufacturing In India: S.S. Kim, Hyundai
He said, "For true localisation in India, we need to strongly focus our efforts on setting up Infrastructure to enhance sub tier downstream value chain, Hyundai India MD and CEO S.S. Kim said at the ACMA event.
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Indian Carmakers Seek Extra Year To Meet Fuel Efficiency Rules: Report
Indian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing carbon emissions, as the companies reel from the financial impact of COVID-19, sources told Reuters.
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Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives
Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.
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Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
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India's Car, Motorbike Sales Surge As Dealerships Stock Up Ahead Of Festive Season
India's auto sector was already facing poor demand last year when Prime Minister Narendra Modi's government imposed a nationwide lockdown in March to curb the virus' spread, bringing businesses to a standstill.
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India Plans To Offer Incentives To Auto Companies To Boost Exports: Report
India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter told Reuters.
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India's Automakers Seek Tax Cut To Boost Demand After Coronavirus Hit
Automakers in India want a temporary tax cut on cars, trucks and motorbikes as well as incentives to scrap old vehicles, to try to boost sales and generate revenue after the coronavirus outbreak has brought the economy to a standstill.
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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...
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More Jobs In Auto Lost, Toyota And Hyundai Cut Production
Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters.
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Bosch's Indian Unit Begins Restructuring As Auto Sector Slowdown Bites
India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit.
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Car Sales Down By 20.55 Per Cent In May 2019 As Automakers Try To Control Inventories
The wholesale and production numbers in May 2019 have seen a huge drop compared to retail numbers which is the biggest indication that automakers are trying to control their inventories.
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Automobile Dealers Expect Rise in Sales in 6 Months: Study
A majority of automobile dealers in India are optimistic about increase in their sales volumes in the next six months though a large number of them felt that the current economic scenario had a negative impact on the market, according to a study.
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Creating A Sub-Vendor Ecosystem Key To Manufacturing In India: S.S. Kim, Hyundai
He said, "For true localisation in India, we need to strongly focus our efforts on setting up Infrastructure to enhance sub tier downstream value chain, Hyundai India MD and CEO S.S. Kim said at the ACMA event.
-
Indian Carmakers Seek Extra Year To Meet Fuel Efficiency Rules: Report
Indian automakers are seeking an extra year to meet tighter rules on fuel efficiency, aimed at reducing carbon emissions, as the companies reel from the financial impact of COVID-19, sources told Reuters.
-
Union Budget 2021: Two-Wheeler Manufacturers Looking For GST Rate Relief And EV Incentives
Finance Minister N Sitharaman is all set to present the Union Budget for FY2021-22 on February 1, 2021 and the auto industry, the two-wheeler sector in particular is looking for some support from the government for the coming year.
-
Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
-
India's Car, Motorbike Sales Surge As Dealerships Stock Up Ahead Of Festive Season
India's auto sector was already facing poor demand last year when Prime Minister Narendra Modi's government imposed a nationwide lockdown in March to curb the virus' spread, bringing businesses to a standstill.
-
India Plans To Offer Incentives To Auto Companies To Boost Exports: Report
India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter told Reuters.
-
India's Automakers Seek Tax Cut To Boost Demand After Coronavirus Hit
Automakers in India want a temporary tax cut on cars, trucks and motorbikes as well as incentives to scrap old vehicles, to try to boost sales and generate revenue after the coronavirus outbreak has brought the economy to a standstill.
-
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...
-
More Jobs In Auto Lost, Toyota And Hyundai Cut Production
Japanese carmaker Toyota Motor and South Korea's Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters.
-
Bosch's Indian Unit Begins Restructuring As Auto Sector Slowdown Bites
India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit.
-
Car Sales Down By 20.55 Per Cent In May 2019 As Automakers Try To Control Inventories
The wholesale and production numbers in May 2019 have seen a huge drop compared to retail numbers which is the biggest indication that automakers are trying to control their inventories.
-
Automobile Dealers Expect Rise in Sales in 6 Months: Study
A majority of automobile dealers in India are optimistic about increase in their sales volumes in the next six months though a large number of them felt that the current economic scenario had a negative impact on the market, according to a study.
