Tag: Auto Industry
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.
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.
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.
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.
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.
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.
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.
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 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.
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.