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Total 660 results found. Search for [ Domestic passenger vehicles ]

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BusinessToday.In
September 2, 2019
Finance Minister Nirmala Sitharaman kindled hopes of a GST rate cut on the same day that several leading auto players announced dismal sales figures for August. The auto industry has long called for a reduction in the GST rate from 28 per cent to 18 per cent to accommodate the downturn.


Sumant Banerji
September 1, 2019
Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.


PTI
September 1, 2019



PTI
New Delhi, September 1, 2019
In the domestic market, M&M sales were down 26 per cent to 33,564 units last month, compared to 45,373 units in August 2018


PTI
New Delhi, September 1, 2019
Domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018


Sumant Banerji
August 30, 2019
The combined entity Sona Comstar will utilise the expertise of both the companies in their respective domains to create an integrated electric drive unit to power drivetrains of electric vehicles


Nevin John
August 29, 2019
The spiralling debt of Tata Motors in the wake of subdued sales in India, China and Europe affected its share price adversely, which tanked almost 50 per cent to Rs 114.35 as on Thursday in just over four months


Reuters
August 29, 2019
India's economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade frictions have dampened business sentiment.


Chitranjan Kumar
New Delhi, August 28, 2019
In the last six months, BSE auto sector index skidded 36 per cent and NSE's Nifty auto index too dropped nearly 36 per cent in the same period, dented by weak consumer sentiment and slowdown in the sector


Sumant Banerji
August 23, 2019
The hike in depreciation benefit will be valid for all vehicles bought between now and March 2020. It is expected to help clear the high inventory build up at dealerships across the country today


BusinessToday.In
August 23, 2019
Auto slowdown: Addressing the media in New Delhi, Sitharaman said that the government will make auto loans cheaper and the banks will launch repo rate or external benchmark linked loan products.


BusinessToday.In
August 20, 2019
Mirroring the weak consumer sentiment and slowdown in the sector, S&P BSE auto sector index has fallen 35% during the last one year, with home-grown Tata Motors falling 55% in the same period.


BusinessToday.In
New Delhi, August 19, 2019
CARE Ratings has downgraded ratings on the long-term bank facilities of Tata Motors to 'AA-/Negative' from 'AA/Stable', but reaffirmed rating on short term bank facility and commercial paper at 'A1+'


Sumant Banerji
New Delhi, August 19, 2019
The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come


PTI
August 18, 2019
Slowdown Blues: Normally the credit period is of 60 days but the State Bank of India (SBI) has extended the same to 75 days in some cases or 90 days in others.


BusinessToday.In
August 18, 2019
Slowdown Blues: The representatives from the automobile industry are seeking an 'End of Life' policy from the central government to check the declining auto sales.


Reuters
August 16, 2019
ANZ's estimate of gross domestic product (GDP) growth is now well below the expectations of other banks, and a long way from the Reserve Bank of India's (RBI) forecast of 6.9% forecast, which itself was cut from 7.0% this month


BusinessToday.In
New Delhi, August 14, 2019
Auto slump: Auto industry body FADA this month said around 2 lakh jobs have been cut across automobile dealerships in India in the last three months


BusinessToday.In
New Delhi, August 13, 2019
Jaguar wholesales for the month were 12,308 vehicles, while Land Rover wholesales for the month were 29,475 vehicles, Tata Motors said in a filing to the Bombay Stock Exchange


PTI
August 13, 2019
Auto component major Bosch on Tuesday reported 35.04 per cent decline in its consolidated net profit at Rs 279.95 crore for the first quarter ended June 30, 2019, hit by slowdown in the domestic automobile industry.


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