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Thursday, April 30, 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

History of Indians in the Arab world—port builders, Jat governor, translators, and slaves

From the buffalo herders who built one of the world’s greatest medieval ports to academics translating Sanskrit works, here is one part of the history of Indians in the Arab world.

Adani’s giant copper plant hits technical setbacks in first year

The 500,000 tonne-per-year plant produced just 94,000 tonnes of refined copper from April 2025 to February this year.

Indian drone tech company ideaForge signs MoU with Japanese firm to develop next-gen AI powered drones

By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.