Page 5 - Auto Sector

Ford Motor to cease production in India, 4,000 jobs to be impacted

'The decision was reinforced by years of accumulated losses, persistent industry overcapacity and lack of expected growth in India's car market,' says Anurag Mehrotra, MD of Ford India

Top headlines: Rs 10,683-cr PLI for textiles; 8% dip in Maruti's production

Business Standard brings you the top stories this evening

Auto volumes likely to rise 12-16% this fiscal: India Ratings report

Auto volumes are expected to rise 12-16 per cent year-on-year this fiscal, as against the earlier estimate of 16-20 per cent, India Ratings Research (Ind-Ra) said in its latest auto outlook.

Cabinet may soon approve revised PLI scheme for automobile sector

The government is believed to have slashed the outlay for the automobile sector under the production-linked incentive (PLI) scheme to about Rs 26,000 crore

EV Plugs comes up with aggregator service for EV charging

Public sector companies, like NTPC and EESL, and those running electric vehicle (EV) services, like BluSmart, have put up charging infrastructure.

Sandhar Tech jumps 13% as report suggests co supplying auto parts to Tesla

Tesla is in talks with at least three Indian suppliers to source critical parts as part of its plans to enter the Indian market

Fee for Bharat Series-registered vehicles can be paid in tranches

The owner can pay registration fee for two years and the other amount in instalments in later years, in multiples of two.

R C Bhargava, Venu Srinivasan face off with govt on auto GST rate

Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years

Govt aims to raise auto sector contribution to GDP, job creation: Gadkari

The government looks to increase contribution of automobile sector to India's GDP to 12 per cent from the present 7.1 per cent and grow employment generation to 50 million from the current 37 million

FADA seeks policy to protect dealers from sudden exit of manufacturers

Also demands industry status for auto retail so it can access priority lending from banks, ECBs, financing from top lenders, PE investments, apart from getting more tax benefits

Royal Enfield CEO Vinod Dasari steps down; COO Govindarajan to replace him

Govindarajan had spent more than 23 years across Royal Enfield and Eicher Motors

India considering sharp import tax cuts on EVs after Tesla lobbying: Report

For imported EVs with a value of less than $40,000, the govt is discussing slashing the tax rate to 40% from 60% presently, say officials aware of the development

Demand revival puts auto sales in top gear, Maruti posts 50% growth

Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year

We haven't had any impact of chip shortage on our business: KPIT Tech chief

In a Q&A, Kishore Patil talks about growth drivers, impact of chip shortages on auto sector and acquisitions

Kia Motors dealers most satisfied across vehicle categories: FADA

Kia Motors India was followed by MG Motor and Toyota Kirloskar Motor in the four-wheeler mass-market segment

Auto component industry revenues to grow by 20-23% in FY22: Icra

Indian auto component industry is expected to post 20-23 per cent revenue growth in the current fiscal aided by strong exports and recovery in the domestic market, as per rating agency Icra.

Tata Motors Q1 Preview: Analysts estimate up to Rs 2,000 cr loss

Here's what leading brokerages expect from the automaker's Q1 results

About 90% consumers in India willing to pay a premium for buying EV: Survey

The top reason for buying an EV is environmental concern

Samsung unveils new automotive image sensor; eyes expanion beyond mobiles

Samsung Electronics on Tuesday released a new automotive image sensor as the tech giant eyes to expand its presence beyond the mobile sector

Maruti Suzuki raises prices of Swift, CNG models as input costs bite

The new prices are effective from today i.e. 12th July, 2021