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BUDGET AUTOMAKERS
India Inc hikes prices, shrinks packs as Iran war squeezes marginsIndian businesses face mounting pressure from soaring oil, freight, and insurance costs. Companies are increasing prices and reducing produ...- Shot of hike as painkiller: India’s economic storm calls for decisive MPC actionIndia's economy faces a perfect storm. The rupee is at historic lows, subsidies are soaring, and fiscal deficit risks are rising. Capital o...
- Big auto bets big: Carmakers line up Rs 40,000-crore capex push amid demand boomWhile Maruti Suzuki has earmarked record investments of Rs 14,000 crore in FY27 to add annual capacity for 500,000 cars, Hyundai Motor Indi...
- China's car sales drop for seventh month in April; exports roarChina's car sales experienced a 21.6% year-on-year decline in April, marking the seventh consecutive month of contraction. Automakers are i...
- Auto Inc turning to cleaner fuels, but SUVs still chug on dieselDiesel engines remain popular for Indian SUVs, offering torque and efficiency for long drives. However, upcoming BS7 emission standards wil...
- US stocks today: Nasdaq underperforms S&P 500, Dow as AI growth worries hit tech stocksThe Nasdaq Composite saw a decline on Tuesday. Investors are questioning the sustainability of the artificial intelligence boom for tech st...
- Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...
- Global Markets | South Korean shares dip, but mark second weekly gain on Iran ceasefire hopesSouth Korean stocks ended lower Friday but secured a second weekly gain. Hopes for a U.S.-Iran ceasefire boosted sentiment. The Korean won ...
- Global Market Update | South Korean shares fall 5%, won hits 17-year low on Mideast conflictSouth Korean shares plummeted on Monday, with the KOSPI falling 5% and the won hitting a 17-year low amid escalating Middle East geopolitic...
- Honda's $15.7 billion EV writedown is painful, but China challenges loom down the roadHonda faces a massive financial hit and strategic shift in its electric vehicle business. The Japanese automaker is writing down billions d...
- Hyundai sales dip 3 pc in February at 58,727 unitsHyundai Motor India's total vehicle dispatches fell by 3% to 58,727 units in February compared to the same month last year. Domestic market...
- Union Budget: Major changes that automakers hope to see this SaturdayBudget 2025: Automakers are urging the government to implement merit-based policies for a full range of green technologies and alternative ...
- Budget impact: Automobile companies need to rely more on PLI subsidy as FAME subsidy takes a tollThe central government has cut the allocation for the Faster Adoption of Manufacturing of Electric Vehicles in India (FAME) by 44% to Rs 2,...
- Maruti Suzuki eyes policy continuity in Interim Budget with focus on PLI and FAME schemesBudget 2024: Maruti Suzuki anticipates the government's sustained focus on Production Linked Incentives (PLI) and the Faster Adoption and M...
- It's raining iPhones! From auto major Volvo to Rajasthan Assembly, gifting Apple devices is in vogueApple devices are certainly a great boost for employees and lawmakers alike.
- Turnaround? Why October looks all set to register record passenger vehicle salesRetail sales this month are expected to increase 30% to around 300,000 from 230,000 units in September, said industry insiders. Year-earlie...
- The market for big, expensive luxury cars in China is overChinese buy mass-market cars, but relative to development of more mature global markets, they buy a disproportionately large number of luxu...
- Budget 2015 wishlist: Automakers want government to reintroduce concessional excise dutyPending the report on electric/hybrid electric vehicles, the old MNRE (ministry of new and renewable sources) scheme should be reinstated.
- Cars may get dearer as excise cut period ends June 30; how to play the counter?According to SIAM data, sales grew 3.08% in May. About 1,48,577 passenger cars were sold in May as compared to 1,44,132 units sold in May 2...
- Senate sends big spending bill to Bush to signSenators have passed a spending bill that aids Gulf Coast disaster victims and subsidizes federal loans for automakers. President Bush is e...
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