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Home > auto sector
auto sector
As recent as 2018-19, the sector had attained a size equivalent to 7.5 per cent. (Representational Image; Photo credit: AFP/ File)
Auto sector's contribution to GDP may slip to 7 pc this fiscal: Acuite Ratings
31 Oct 2019 3:16 PM

Two wheelers and three wheelers, were expected to decline by 6-7 pc this fiscal as compared with 2018-19 to around 25 million units.

Indian auto sales fell for the 10th straight month in August, marking one of the worst slowdowns in the industry’s history.
India's biggest carmaker Maruti sees higher sales in September
24 Sep 2019 10:36 AM

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.

In the April-July period, total tax revenues of 20 Indian states fell 7 per cent to 4.9 trillion rupees compared with the same period last year.
GST panel unlikely to favour tax rate cut for auto sector: sources
18 Sep 2019 8:58 AM

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.

In August, the sales of passenger cars and three wheelers have witnessed growth of about 1.8 per cent and 9 per cent.
Auto sales growth outlook revised to 5-7 per cent for FY20: Report
14 Sep 2019 11:49 AM

Sales of commercial vehicles and two wheelers have narrowed down to 7.4 per cent and 0.3 per cent month-on-month.

India, 46 per cent of the car buyers are first time users.
Millennials opting for Ola, Uber not that a big factor for current slowdown: Maruti Suzuki
13 Sep 2019 1:32 PM

Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in automobile industry.

Senior Congress leader Abhishek Manu Singhvi. (Photo: PTI/File)
How will India become 5 trillion economy? Singhvi takes a jibe at Centre
11 Sep 2019 9:28 AM

Automobile and components industry has been affected by BS6 and the mindsets of millennial, who now prefer to have Ola and Uber.

Vehicle sales across categories registered a decline of 23.55 per cent to 18,21,490 units from 23,82,436 units in August 2018.
Passenger vehicle sales decline for 10th straight month; down 31.57 pc
09 Sep 2019 12:00 PM

Sales of commercial vehicles were down 38.71 per cent to 51,897 units in August.

Laid-off workers returning to their villages are now putting more burden on a rural sector.
India's economy suffers car crash, pain spreads to villages
05 Sep 2019 9:43 AM

According to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers.

On August 23, Sitharaman had unveiled a slew of measures to boost investor sentiment and prop up the banking and auto sectors. (Photo: PTI/File)
Stimulus package 'too little, too late' to prevent decline in auto sector: Fitch
29 Aug 2019 1:33 PM

Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.

Vehicle demand is also expected to be impacted by the new safety norms for passenger vehicles and two wheelers, applicable in fiscal 2020, and the Bharat Stage (BS) VI emission norms, which come into effect from April 1, 2020, as these will drive up vehicle prices across categories.
Autocomps revenue growth seen halving
28 Aug 2019 2:04 AM

Production volume of OEMs is estimated to either degrow or log low single digit growth at best in the next two years.

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