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AUTOMOBILE SALES SLUMP
ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a yearThe stock has multiplied many times over in just a few years, the order book has never been bigger, and the value packed into every vehicle...
GST cut call takes wind out of sales: Surge after September 22 may offset decade-low slumpSales of cars, electronics, and apparel have significantly declined. This drop happened after the Goods and Services Tax (GST) rate cut ann...
Kia aims to win US market share as tariffs force rivals to pull backKia aims to increase its U.S. market share to over 6% despite an expected market slump. The company plans a 7-8% sales increase, driven by ...
European shares slip as auto stocks weigh, investors eye US-EU trade talksEuropean shares retreated on Friday, giving back gains from the previous session, as automobile stocks weighed and investors awaited update...
Toyota's China venture dismisses some factory workers as sales fall - workersThe joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered...
Rush for health cover helps general insurers recover in Q1Standalone health insurers’ underwritten premium was at Rs.3200 crore for the quarter.
Auto sales at 20-year nadir in 2019: SIAMIn passenger vehicles, an easing in the pace of decline in December, though on a low base, and an improvement in the rolling average in the...
Demand for vehicle loan shrinksThe automobile sector contributes 6.5% to India’s gross domestic product with strong backward linkages with sectors such as steel, plastic,...
Kiran Mazumdar Shaw seeks measures to save jobs in auto sectorShaw's reaction on twitter came after automobile sale in India witnessed its worst-ever drop in August with despatches in all segments, inc...
No GST cut on cars even as the FM brings in measure to boost demandThe govt announced a slew of measures to kick start the auto sector, which has been going through a slump.
7% drop in sales not a crisis, we shouldn't play with lives of employees by talking about job cut: Rajiv BajajBefore asking for help, Bajaj said the industry needs to ask itself if it's done enough to compete globally.
Over 3,000 temporary jobs cut due to slowdown: Maruti SuzukiMSI Chairman R C Bhargava said contracts of the temporary workers were not renewed due to the slowdown while asserting that permanent worke...
Slowdown in auto industry has impacted steel sector: Tata Steel CEOThe demand for steel in India has to pick up and that depends a lot on construction and automobile sectors, he added.
Lowering GST on automobiles would help the economy: Anand MahindraIn a tweet, Mahindra echoed calls from the auto industry to reduce goods and services tax (GST) on vehicles amid a prolonged sales slump.
Lowering GST on automobiles would help the economy: Anand MahindraIn a tweet, Mahindra echoed calls from the auto industry to reduce goods and services tax (GST) on vehicles amid a prolonged sales slump.
Vote on Account 2014: Excise duty cut to boost auto sector growth, create jobsPrices of automobiles, including cars, SUVs and two-wheelers, are set to come down with Finance Minister announcing a reduction in excise d...
Hiring in auto sector at a standstill, layoffs imminentAccording to SIAM and ACMA, with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess o...
- Toyota Prius sales fall for 1st time in 17 months
Sales in Japan of Toyota's Prius hybrid dropped for the first time in 17 months.
- China ends US' reign as largest auto market
China supplanted the US as the world’s largest auto market after its 2009 vehicle sales jumped 46%, ending more than a century of American ...
- US retail sales post good show in 2009
Sales at US retailers in February fell less than forecast and January’s gain was almost double the previous estimate, indicating the bigges...