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

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

Sinha also raises doubts about Sitharaman's announcement to organise a mega-shopping festival in India; says \"the economies of UAE and India are different\"

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

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.

Demand for gasoil will rise by an average 5.3% per year through the 2025 fiscal year and by an average 4.5% through 2030

INX Media: CBI may file chargesheet in September, to name P Chidambaram as accusedAfter questioning former finance minister P Chidambaram in custody, the Central Bureau of Investigation (CBI) is likely to file a chargesheet in the INX Media case by end of this month. Sources reportedly said the chargesheet will be filed against 10 accused, including few companies, which were allegedly involved in the case. The chargesheet is likely to reduce Chidambaram's chances of getting bail. 'Even I...

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. 

Jaguar sales dropped 17.8 per cent y-o-y to 9,702 units in August, while Land Rover retailed 29,228 vehicles, down 1.4 per cent compared to August 2018

Auto sales decline in India by 23.5%: In August 2019, overall sales stood at 18,21,490 units against 23,82,436 units in the same month last year.

India's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in the sector amid assurances by the government for revival.

The automobile industry that accounts for 49 per cent of the country's manufacturing GDP is in the midst of an unprecedented crises with overall sales declining by 14 per cent in this fiscal so far with the passenger vehicle segment posting a near 22 per cent drop

While the auto companies are battling a slowdown in sales across all parts of the country, few north-eastern states have bucked the trend of a declining industry-these include Manipur, Mizoram, Nagaland and Sikkim along with Jammu and Kashmir

\"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. Petrol, diesel gaadi banane walo ka band bajaana hai,\" he had said in September 2017.

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.

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.

According to OLX, India's largest online marketplace for pre-owned cars, sales are projected to grow by at least 10 per cent in 2019 at 4.4 million units even as sales of new cars is expected to decline by 6 per cent this calendar year.

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

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.