In order to align production in line with the market demand for our products, Ashok Leyland proposes to observe non-working days ranging from 2-12 days in few plants

Auto Slowdown: In lieu of the slowdown in the domestic automobile industry, the worst in the history, HMSI had on November 5 barred some contractual workers from entering the factory premises, which immediately snowballed into a major crisis

Reacting to the news, Tata Motors share price declined as much as 5.01 per cent to touch an intraday low of Rs 129.85 apiece on the BSE after making a negative opening at Rs 133.40

Tata Motors share price rose 2.64% to Rs 141.80 in trade today compared to the previous close of Rs 138.15 on BSE.  The Tata Group stock has lost 22.8% during last one year and lost 19.84% since the beginning of this year.

Tata Motors share price fell 5.02% intra day to Rs 118.25 compared to the previous close of Rs 124.50 on BSE.

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

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

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

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

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

India's auto sector is facing a downturn, which industry executives say is the worst suffered by the industry, triggering massive job cuts and factory shutdowns.

The downturn - regarded by industry executives as the worst suffered by the Indian auto industry - is posing a big challenge for Prime Minister Narendra Modi's government as it begins its second term at a time when India's jobless numbers are climbing.

According to FADA data, passenger vehicle inventories now stand at 50-60 days up from around 45 days earlier, while those of two-wheelers are even higher at 80-90 days.

Suzuki Motor has decided to restrict capacity to 7.5 lakh vehicles a year, influenced by supply-side constraints in the state as well as the fact that the domestic automobile industry is in the midst of the worst sustained slowdown ever witnessed

The slump in India's automobile sector is taking a toll on allied industries, affecting jobs and incomes