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Representational image. | A file photo of a farmer plowing his fields with a tractor in Jalandhar. | Photo: ANI

Why tractors are witnessing a spike in sales amid slowdown in auto industry

Tractor sales in India recorded a 28% y-o-y growth this year, from April to November. Experts attribute the trend to better monsoon, finance availability and lesser expenditure on weddings.
File photo of Finance Minister Nirmla Sitharaman | Praveen Jain | ThePrint

Modi govt announces Rs 1.46 lakh crore scheme for 10 sectors, auto sector gets biggest share

The incentives, spread over 5 years, will be provided to sectors like auto, automobile components, textile products, white goods like LED screens, processed food products, among others.
Toyota Innova Crysta vehicles at the Toyota factory, in Bengaluru | Bloomberg

Message we get is we don’t want you – Toyota stops expansion in India saying taxes too high

Indian governments keep taxes on cars, motorbikes so high that companies find it hard to build scale & buyers find them out of reach, Toyota says.
Hyundai's manufacturing unit in Chennai is its only one in India | Photo: Manisha Mondal | ThePrint

In India’s Detroit Sriperumbudur, Hyundai is rolling out cars again, 12,583 units sold already

Chennai’s automotive corridor slowly finds its feet after nearly 2 months of lockdown. Hyundai and many other manufacturing units resumed operations on 8 May.
cars_auto_vehicle

Coronavirus is not only boosting car sales, it’s changing how we shop for them

A host of issues will factor in to the new world of car buying, including e-commerce, independent mechanics’ shops, and strict franchise laws.
An electric car getting charged

Hit by Covid-19, China’s auto sector adopts novel ways to attract customers

Brands and dealers are stepping up their presence on social media to launch new models, showcase vehicles and host live broadcasts to attract customers.
China is loosening the criteria for factories to resume operations as it walks a tightrope between containing the coronavirus and preventing a slump in the world's second-largest economy | Representational Image | Qilai Shen | Bloomberg

Chinese factories are beginning to buzz again while rest of the world comes to a halt

Employees are returning to work, production lines are starting to roll and even the original outbreak epicentre of Wuhan is ending its lockdown soon.
Representational image of electric cars chargin

Carmakers can’t turn out electric vehicles cheap enough to convert Indians

Govt is pushing for faster adoption of electric vehicles — hoping 15% of all vehicles on roads will be electric in 3 years. But they cost too much.
Maruti Suzuki India Ltd's Manesar plant| Photographer: Sanjit Das | Bloomberg

Maruti Suzuki posts first jump in sales in 9 months amid auto sector slowdown

Car sales had plunged for 11 months through September, and the industry was forced to cut production as well as close to 6 lakh jobs.
Natarajan Chandrasekaran, chief executive officer of Tata Consultancy Services Ltd., pauses during a news conference in Brussels, Belgium. | Photographer: Dario Pignatelli | Bloomberg

Automobiles are core business for us, won’t run away from JLR: Tata chairman Chandrasekaran

Chandrasekaran says he’ll seek more technical partnerships to help Tata Motors transition to electric and autonomous vehicles, not sell the company.

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