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PTI
New Delhi, September 15, 2019
The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August


PTI
September 12, 2019



Sumant Banerji
September 11, 2019
Honda said the new Activa scooters will start hitting the roads by the end of this month and will be launched across the country in a phased manner


BusinessToday.In
New Delhi, September 10, 2019
As a part of this association, customers can avail leasing options for Honda CR-V, Honda Civic and Honda City for both corporate customers and individual customers


Sumant Banerji
New Delhi, September 10, 2019
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. 


PTI
September 9, 2019



Sumant Banerji
September 5, 2019
Prior to GST, hybrid vehicles were taxed at 30.3 per cent (12.5 per cent excise duty, 12.5 per cent value-added tax, 2 per cent central sales tax and 1 per cent national calamity contingent duty). Under GST, it attracts 28 per cent tax and 15 per cent cess - like big petrol and diesel luxury cars


BusinessToday.In
September 5, 2019
Clearing the air on the government's plan for petrol and diesel vehicles, Gadkari said that the government doesn't intend to ban these vehicles.


BusinessToday.In
New Delhi, September 5, 2019
Shashank Srivastava, Executive Director of Marketing and Sales in Maruti Suzuki India said that heavy discount were a reflection of their attempt to try and push retail since inventory at both network and factory levels were high.


Reuters
Manesar, September 4, 2019
Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales


BusinessToday.In
New Delhi, September 4, 2019
With India's auto sales declining for the 10th straight month in August, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check


BusinessToday.In
New Delhi, September 4, 2019
\"The biggest issue is IT, human resource and customer integration; we need to protect customers coming into the anchor banks,\" says the SBI chief


BusinessToday.In
September 3, 2019
The equity market crashed on Tuesday with Sensex and Nifty declining over 2% each on heavy selling in PSU banks and auto indices.


BusinessToday.In
September 3, 2019
Total motorcycle sales of the company, which stood at 109,393 units in August 2019, showed a steeper fall of 20.4 per cent compared to a nearly 16 per cent fall in scooter sales to 109,272 units


Rukmini Rao
September 3, 2019
Global investors' interest in auto-tech start-up comes at a time when the Indian auto sector is battling its highest de-growth in monthly sales over the past 19 years


BusinessToday.In
New Delhi, September 3, 2019
SIAM President Wadhera said that the series of announcements on credit availability and reduction of cost of credits do not seem to have percolated to the NBFCs.


BusinessToday.In
September 3, 2019
Tracking the fall in sales, the BSE auto index tanked 255 points to 15,513 compared to the previous close of 15,768 on Friday.  The Nifty auto index too fell 121 points to 6914 level in early trade.


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



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