Donald Trump impeached, Senate trial to decide if he'll continue as PresidentUS President Donald Trump on Wednesday became the third U.S. president to be impeached as the House of Representatives formally charged him with abuse of power and obstruction of Congress in a historic step that will inflame partisan tensions across a deeply divided America. The Democratic-led House's passage of two articles of impeachment on a mostly party-line vote sets the stage for a trial next mont...

FADA has requested the apex court to allow inventory purchased before March 1, 2020 to be sold after the deadline in the event they could not be liquidated by the end of this fiscal

Auto crisis: This year, the industry is keeping it simple, treating the festive month of October as regular even as both Navratra and Diwali are falling in it. 

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.

The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come

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.

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

Around 2 lakh jobs have been cut across automobile dealerships in India in the last three months

Addressing the company's shareholders at its 73rd AGM, Mahindra pitches for short-term measures to catalyse consumption, either by reducing GST or cess rollback, adding this would have a \"benevolent ripple effect\" on the economy

With no immediate signs of recovery, the Federation of Automobile Dealers Associations (FADA) feared that the job cuts may continue with more showrooms being shut in the near future and sought immediate government intervention such as reduction of GST to provide relief to the auto industry.

Automobile dealers' body FADA Tuesday said retail sales of passenger vehicles (PV) in June declined by 4.6 per cent to 2,24,755 units as compared to the same period last year, hit by liquidity issues and delayed monsoon.

Two-wheeler sales declined by 9 per cent to 12,85,470 units last month compared with 14,09,662 units in the year-ago period. Commercial vehicle sales declined by 16 per cent to 63,360 units against 75,622 units in April last year.

The increase in dealer margins took effect in January and is done to add liquidity to dealerships amid subdued demand for Maruti Suzuki's passenger cars.

According to FADA, total registrations during the 42-day festive period, which fell between October 10 and November 20 this year, stood at 20,49,391 units.