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Monday, February 23, 2026
TopicAuto industry slump

Topic: Auto industry slump

Never been a better time to buy a car—even models that never gave discounts seeing price cuts

Car manufacturers are now realigning production, with a possible decline in the coming months across the board as they and dealers clear excess inventory.

Bosch India plans to cut thousands of jobs in next 4 years as auto sales shrink

Bosch India MD, Soumitra Bhattacharya said the German company will cut about 10% of 3,700 white-collar jobs and a slightly higher percentage of 6,300 blue-collar jobs.

Maruti Suzuki, hit by automobile sector slowdown, reports lowest profits in 4 years

The festive season sales may not be enough to overcome the 39% slump in profit Maruti Suzuki India has suffered since last year.

Is sinking Indian economy beginning to chip away Modi’s larger-than-life image?

Prime Minister Narendra Modi heads to the US this week to meet Donald Trump and global business leaders amid growing worries over economic slowdown.

Maruti contradicts Sitharaman’s millennial remark, says cabs not a factor in auto slowdown

Finance Minister Nirmala Sitharaman has attributed the auto industry slowdown to millennials preferring use of Ola and Uber cabs over owning cars.

Nirmala Sitharaman right to point at millennials’ Uber-Ola use and EMI fear for auto slump?

Finance Minister Nirmala Sitharaman has said that the automobile sector, facing its worst slowdown, has been ‘affected by the mindset of millennials’ who don’t want to pay EMIs for a vehicle and prefer Ola and Uber rides.

Truck drivers to contract engineers, lakhs are jobless in Gurgaon-Manesar auto hub

At Maruti, Hero, Honda facilities in the Gurugram-Manesar belt, young employees are being let go, others are worried they’ll follow.

On Camera

Nick Jonas wearing a mangalsutra is validation for many Indians. He’s our favourite jiju

Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.

In the West, there’s anxiety. In India, optimism—Rishi Sunak says India poised to be leader in AI

On Wednesday, the former UK Prime Minister Rishi Sunak was speaking in New Delhi at a Carnegie & Observer Research Foundation event on AI.

Suspected brake failure leads to Tejas accident after landing, airframe likely to be written off

The IAF, so far, remains mum on this accident which has led to grounding of the fleet for safety checks.

No country is ever fully sovereign. Cold War era taught India its real meaning

India’s fraught neighbourhood places multiple constraints on its strategic choices. It leaves no time to take a deep breath, lean back and reset.