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Total 343 results found. Search for [ auto sector crisis ]

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BusinessToday.In
New Delhi, September 20, 2019
The GST Council fitment panel has rejected the rate cut demand for the auto sector, saying it would lead to revenue loss of Rs 40,000-45,000 crore


BusinessToday.In
September 19, 2019
According to the chairman of Maruti Suzuki India, FM Nirmala Sitharaman is correct in her recent assertion that the ride-hailing companies have impacted auto demand. He backed up his argument saying young buyers don't need to buy cars for commuting and can spend most of their income on electronic gadgets.


BusinessToday.In
New Delhi, September 18, 2019
Nirmala Sitharaman, Prakash Javadekar to address media at 3pm: Earlier this week, RBI Governor Shaktikanta Das had said the government has taken a number of measures to boost the economy in three phases and indicated that more steps are likely.


Dipak Mondal
New Delhi, September 18, 2019
\"The usefulness of the fiscal path is if you stick to it. If every time you go through some problems and you deviate from that path, then there is no credibility of that path,\" says the Principal Economic Adviser


Rahul Shrivastava
New Delhi, September 18, 2019
The GST Council meeting, as per the agenda paper, may take up automobiles, hotels, biscuits, matchsticks and outdoor catering segments for resetting of the GST rates. However, all listed items may not see GST cut due to various complexities involved


PTI
New Delhi, September 17, 2019
The government announced a slew of measures in three dosages which include a special window for real estate, export incentives, bank consolidation and sops for micro, small and medium enterprises (MSMEs) and the automobile sector


BusinessToday.In
September 16, 2019
The hefty discounts come amid an unprecedented slump in the auto sector. Sale of automobiles crashed by 23.5 per cent to 18,21,490 units in August, the worst ever decline in a month on a year-on-year basis since 1997-98


Rashmi Pratap
Mumbai, September 15, 2019
Finance Minister Nirmala Sitharaman's announcement of Rs 20,000-crore fund may be a liquidity booster but it will not help in demand creation, which is necessary to rid the sector of unsold inventory and cash crunch


BusinessToday.In
September 12, 2019
Mahindra has launched the subscription servcie in Delhi-NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata, Chandigarh and Ahmedabad in the first phase


BusinessToday.In
New Delhi, September 12, 2019
Piyush Goyal says maths didn't help Einstein discover gravity: He was speaking at a Board of Trade meeting on Thursday.


BusinessToday.In
September 12, 2019
The former prime minister has recommended a six-pronged action plan for the Modi government to tackle the ongoing crisis, which he attributes to demonetisation and faulty GST rollout. The Congress stalwart believes that the country can return to a high growth trajectory in 3-4 years if the government takes appropriate action.


Sumant Banerji
New Delhi, September 11, 2019
Sitharaman's argument that millennials' preference for Ola and Uber is responsible for dismal auto sales was perceived by the auto industry as an excuse for not slashing excise duties to prop up sales - something the government has been hinting at for a week at least


BusinessToday.In
New Delhi, September 11, 2019
Riding high on hopes of GST rate cut, BSE auto index gained 3.6 per cent, or 565.52 points, to close at 16,665, led by index heavyweights such as Tata Motors, Eicher Motors, Maruti Suzuki India, TVS Motor Company and Motherson Sumi Systems


Ajita Shashidhar & Sumant Banerji
New Delhi, September 11, 2019
With Indian consumers tightening their purse string, auto and consumer durables companies are approaching this festive season like a regular period, without ramping up stocks


BusinessToday.In
New Delhi, September 11, 2019
FM Sitharaman, in a press conference on Tuesday, said the auto slump was due to many factors like the change in the mindset of millennials, who now prefer taxi aggregators like Ola and Uber


BusinessToday.In
September 11, 2019
Bajaj Auto's Managing Director Rajiv Bajaj believes that the unprecedented slowdown in the auto sector is largely due to \"overproduction and stocking\" by companies based on growth forecasts, and ruled out the need for a reduction in the GST rate


BusinessToday.In
September 10, 2019
Regarding the auto manufacturers' demand to reduce GST rates for automobiles, FM Sitharaman said that the matter will be taken up by the GST Council in its meeting on September 20


BusinessToday.In
September 10, 2019
The sharp decline in sales, for the tenth consecutive month, has forced job losses and production cuts across India's massive auto sector and now the downturn can be seen affecting automakers' small cars portfolio too.


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
The new power tariff policy is a path-breaking one, Singh said, adding it has gone to the Cabinet and hopefully it would be passed quickly


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