Page 4 - Automotive Industry

Auto crisis: FADA urges GST Council to take definitive decision on rate

Hero MotoCorp urged the Centre to consider a phase-wise reduction in GST on automobiles, cutting rates for two-wheelers in the first stage, and deferring tax cut on four-wheelers to a later stage

With half their fleet idle, transporters feel the pinch of auto slowdown

Some fleet owners are even considering selling some trucks to tide over the slowdown

Auto industry stares at tough year due to transition to BS-VI norms: SIAM

'Auto industry, as we all have seen in the past eight months, has witnessed continuous de-growth and August being the worst at 30 per cent,' said SIAM's Rajan Wadhera

Honda Cars India domestic sales decline 51% at 8,291 units in August

"The auto sector continues to witness high de-growth due to poor consumer sentiment," HCIL Senior Vice President and Director, Sales and Marketing Rajesh Goel said

Auto sales in August to be 'far worse' than July, analysts expect 30% fall

At present, the sector has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints

Chhattisgarh auto sales surge, backed by rural growth amid slowdown

A slump in sales across the country has plunged the sector into a severe crisis

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Auto parts industry fears 1 million jobs could be at stake due to slowdown

The Automotive Component Manufacturers Association of India (ACMA), which represents the auto component industry that alone employs around 5 million people

28% automotive firms started new business based on digital tech: Report

Only 19 per cent believe their digital platforms allow them to reach customers who would not be reached through traditional approaches