Automobile industry
Maruti Suzuki, India’s biggest car maker, is also likely to cut down production and operate just one shift at all its factories, with demand for car slumping to a decade low and causing inventory to bloat.
Tata Motors, Mahindra and Mahindra set to slash production
10 Aug 2019 1:35 AM

Maruti may operate just one shift at factories.

The auto sector, which contributes more than 7 per cent of India’s GDP, is facing one of its worst downturns. (Photo: Representational/AP)
Tens of thousands losing jobs as India's auto crisis deepens: sources
07 Aug 2019 10:54 AM

Automakers, parts manufacturers and dealers have laid off about 350,000 workers since April.

Under the GST regime, already around 70 per cent of auto components have come under the 18 per cent GST slab.
Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown
24 Jul 2019 3:23 PM

Vehicle sales in all segments have continued to plummet for the last several months.

Automakers are worried as the market showed no visible signs of recovery yet as PV sales fell 18.42 per cent year-on-year during the April-June quarter of FY20.
Passenger vehicle sales skid 18% in June: Society of Indian Automobile Manufacturers
11 Jul 2019 12:57 AM

Last month, PV sales fell 17.54 per cent to 2,25,732 units, down from 2,73,748 units the automobile sold in the year-ago period.

SIAM has urged the government to take suitable measures to promote flow of credit in the system to facilitate new vehicle purchases.
Auto industry urges govt to take immediate steps to improve liquidity
03 Jul 2019 3:22 PM

SIAM said the role of NBFCs is important in vehicle sales as they cater to customers mainly in semi-urban and rural areas.


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