The first half of this financial year 2019-20, has been most forgettable for the domestic passenger vehicle industry

Hyundai Motor India Ltd (HMIL) led the segment, followed by Ford India and Maruti Suzuki India (MSI) at second and third positions respectively.

The slowdown in the industry is largely on account of a bad festive season last year which led to the problem of higher inventories, tight liquidity with banks as a fallout of the NBFC crisis and an overall sluggish economy

Suzuki Motor Corporation (SMC) said it expects net sales during the current fiscal to come down to 3,500,000 million yen (about Rs 2,31,000 crore), a dip of 10.3 per cent from 3,900,000 million yen (about Rs 2,57,400 crore) forecasted earlier

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

Mercedes-Benz delivered over 125 cars, the highest ever, to the customers on Dussehra in Mumbai and another 74 cars to customers in Gujarat on Navratri festival

The decision comes after months of turmoil at Japan's second-largest automaker following the downfall of former Chairman Carlos Ghosn last year and the departure of former CEO Hiroto Saikawa last month

Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire, dropped by 14.91 per cent to 98,337 units versus 1,15,576 units in the year-ago period

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

The benchmark Sensex that had surged over 3000 points in two days after the corporate tax cut announcement has pared most of its gains; it fell by 433 points on Friday after the announcement of the repo rate cut

The Ford-Mahindra deal is valued at Rs 1,925 crore; both companies have transferred a debt of Rs 636 crore in the JV, besides contributing an equity of Rs 1,289 crore

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All the major carmakers saw high double digit decline in September. There are some indications though that the worst of the downturn the auto industry has seen maybe over

Maruti Suzuki India Ltd on Monday launched a new offering in the entry level hatchback segment, S-Presso priced at Rs 3.69 - 4.48 lakh for the four variants with manual transmission and Rs 4.675 - 4.91 lakh for the two variants with automatic (AGS) transmission. It is the company's first new car launch in the entry level segment in India since 2010, after Alto K10. Watch the video for more.

Intra day, Sensex lost 738 points to 37,929 against previous close of 38,667 and Nifty fell 227 points to 11,247 against previous close of 11447.

A day after market leader Maruti Suzuki launched the S-Presso, its first new mini car in almost a decade, French carmaker Renault on Tuesday launched a refreshed version of the Kwid priced between Rs 2.83-4.85 lakh