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Thursday, April 25, 2024
TopicAuto industry slump

Topic: Auto industry slump

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

Imtiaz Ali obsesses over vulgarity, misses Chamkila’s cultural resistance against purity

Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India and Japan hold 10th round of consultations on disarmament, non-proliferation, and export control

The two sides also discussed ways to strengthen cooperation in outer space security, conventional weapons, and export control

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.