Slowdown Blues

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Slowdown Blues

Slowdown Blues: Maruti Suzuki, Tata Motors cut production; festive sales get lukewarm response
Maruti Suzuki cut its production by 17.48 per cent in September while Tata Motors reduced its production by 63 per cent to 6,976 units
Slowdown Blues: Toyota Kirloskar floats voluntary retirement scheme for Karnataka plant employees
TKM is the fourth company to offer voluntary retirement for its employees after GM, Hero Motorcorp and Ashok Leyland as the ongoing auto slowdown continues to lead to heavy losses for companies
Slowdown blues: After a crash in sales, auto dealers now witness 10% drop in service spends
Slowdown blues: The reluctance by current owners to spend more on their cars is another dampener for the community that typically makes more money by servicing cars than by selling them.
Buoyant response to Amazon, Flipkart's festive season sales beats slowdown blues
Amazon Great Indian Festival saw a record single-day Prime membership sign-ups with 66 per cent of shopping by Prime members coming in from Tier-II and Tier-III towns. Walmart-owned Flipkart also said that it registered a jump of two times in its sales growth on the first day of The Big Billion Day 2019
Slowdown Blues: Ola, Uber have hit demand for new cars in India, says Maruti Chairman RC Bhargava
According to the chairman of Maruti Suzuki India, FM Nirmala Sitharaman is correct in her recent assertion that the ride-hailing companies have impacted auto demand. He backed up his argument saying young buyers don't need to buy cars for commuting and can spend most of their income on electronic gadgets.
Decoding Slowdown: Why continued low inflation is not good for economy
Rural and urban inflation sliding down when the headline interest rate (RBI's repo rate) has also been falling reflects all is not well with the economy. It calls for a comprehensive policy response to spur income and investment to revive consumption demand
GST rate cut on auto would lead to revenue loss of up to Rs 45,000 crore: Sushil Modi
The 37th GST Council meeting to be held in Goa on 20 September was supposed to discuss the issue of rate cut in the auto sector. The other proposals to be discussed during the meeting include tax cuts on FMCG goods and hotel industry.
Govt shouldn't deviate from fiscal path at the first hint of slowdown: Sanjeev Sanyal
"The usefulness of the fiscal path is if you stick to it. If every time you go through some problems and you deviate from that path, then there is no credibility of that path," says the Principal Economic Adviser
Slowdown Blues: Fresh industrial, infrastructure construction orders at 32-quarter low
After witnessing a phenomenal growth of over 100 per cent between the December quarter of 2017 and September quarter of 2018, there has been a a continuous downward spiral of the aggregate new orders of the industrial and infrastructural construction.
NRB Bearings looks at exports and diversifications to beat slowdown blues
Harshbeena Sahney Zaveri, vice chairman and managing director of the listed company, said NRB, which makes 500-plus types of bearings for vehicles, has intensified operations in the international markets