Page 14 - Auto Sector

Lockdown 3.0: Rural India may drive demand recovery amid Covid-19 crisis

Top executives at auto, tractor and consumer packaged goods firms are optimistic. They are betting on the reverse migration of labourers boosting consumption and prediction of a favourable monsoon.

Blue chips see cuts in target prices; half of Nifty sees cuts of over 15%

According to data from Bloomberg, banks have seen among the sharpest cuts in target prices -- between 16 and 60 per cent.

Motherson Sumi to Tata Motors: Europe slowdown to hit auto sector hard

Motherson Sumi, Apollo Tyres and Tata Motors to be among the worst affected because of high exposure

Commercial vehicles continue to slip, top cos see decline in February sales

Industry representatives have said the situation is unlikely to improve soon as India's economic activity is yet to pick up due to less business activity and consumer spending

The Audi Q8 is a sporty sedan and a distinguished SUV rolled into one

The new Audi SUV, which weighs over two tonnes, feels and behaves more like a sedan as it borrows technology and style heavily from the A-8 sedan

Higher import duty on auto components likely to increase burden of industry

Industry sales have sagged for about 18 months and prices were anyway rising with the compulsory nationwide switch to the stiffer BS-VI emission standards by April 1

Auto sector slowdown to continue as demand unlikely to revive: Report

The 3 million-plus-units domestic auto industry has seen volume plunging over 16 per cent as of December-end 2019, with some of the segments performing even worse

India's auto industry has leapfrogged to BSVI in record time: Nitin Gadkari

Gadkari said the government is fully cognizant of the industry's contribution in India's manufacturing growth and the fact it's the biggest employment generator

Greaves Cotton expects e-mobility, auto sectors to grow by 15-20%

Greaves Cotton recently completed the acquisition of EV manufacturer Ampere Vehicles, is looking at penetrating key metros across the country as part of its last-mile connectivity initiative.

Tata Motors drives an ambitious image makeover for passenger vehicle brands

The new campaign must be seen in the context of the industry slowdown and the mandatory implementation of BS VI emission norms from April 2020

70 models to be unveiled as tech takes centre stage at Auto Expo 2020

The six-day event, one of the most prominent on the global motor show calendar, is taking place against the backdrop of the decade's worst and most prolonged slowdown.

From auto to insurance, brands track the men on the FM radio trail

The growing band of male radio listeners is drawing in auto, insurance brands; changing the nature of the medium and traditional advertising patterns

Budget: Telecom, auto sectors stay in stress zone with no direct relief

All three sectors had lobbied hard but the Budget did not offer any respite

Chinese influx poses threat to Indian auto makers; 20% market could be lost

Analysts point out that competition in India is lower than in America or Europe

Auto slowdown due to loan related issues, BS-VI transition: Tata Motors

"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said

SIAM bullish on auto sector revival in 2020 after worst sales in 20 years

Another Chinese player which will be also present for the first time is MG Motors which will bring in their entire range of automobiles in the Expo.

Global carmakers set to firm up India strategy amid auto sales slump

The success of late entrants such as MG and Kia has encouraged them to give it a go

HMSI doesn't expect revival in auto industry for next two quarters

Honda Motorcycle & Scooter India on Wednesday said it does not see any revival in the automobile sector in the near term. The automobile sector recorded its worst-ever sales decline in two decades in 2019. Speaking after the launch of company's third BS-VI compliant product, the 110-cc Activa 6G scooter, Hero Motorcycle & Scooter India (HMSI) Senior Vice President for Sales and Marketing Y S Guleria said he was not very hopeful of the government giving any concession to the industry on GST rates. "If it happens, definitely it will help from customer point of view," he added. "In near future we do not see any positive revival coming in the market, and after sometime in the long term...But for next two quarters, we are not that upbeat because there is a transition which is going to happen from April 1," Guleria said referring to the BS-VI emission norms becoming mandatory. There will be some time lag and that will also shift the demand, he said, adding Honda is also trying to ...

New models, digitisation: How Audi plans to recoup lost ground in India

It will bring new models more frequently, expand service network and focus on digitalisation

Auto sector records worst-ever sales decline in two decades in 2019: SIAM

Overall wholesale of vehicles during the year across categories, including passenger vehicles, two-wheelers and commercial vehicles, saw a decline of 13.77 per cent in 2019 at 2,30,73,438 units