TopicAuto Industry

Topic: Auto Industry

Investors in Indian bonds should keep their eye on roads, not cars

Andy Mukherjee - September 9, 2019

Tax cuts for auto industry may cheer equity markets. Bond investors need to watch how much Modi govt can spend on roads, a high fiscal multiplier.

Auto industry says slowdown will cause more job losses, calls for reducing GST on vehicles

PTI - September 5, 2019

The Society of Indian Automobile Manufacturers said the high tax rate on automobiles has social consequences, and wants the govt to consider reducing GST to 18% from 28%.

Maruti Suzuki to shut down Gurugram and Manesar production plants for 2 days

ThePrint Team - September 4, 2019

Car manufacturer Maruti Suzuki's decision to shut production for 2 days comes at a time the company, along with the auto industry, has taken a big hit.

Car sales in India drop to record low as economic slowdown worsens

Debjit Chakraborty - August 13, 2019

Weak sales are forcing manufacturers to cut production or shut factories, leading to at least 15,000 job losses in the industry so far.

This is how transporters are hitting back at Modi govt for not listening to their demands

Achyut Mishra - August 9, 2019

The transporters' grievances range from categorisation of trucks & tyres under 28% GST slab to 2% TDS on cash withdrawals of over Rs 1 cr.

Caught in a slowdown, India’s auto sector sees no hope for growth until festival season

Mahua Venkatesh - June 11, 2019

Lack of easy credit to consumers from banks and crisis-hit NBFCs has led to weaker vehicle sales. Below normal monsoon could make it worse.

Consumption has long propped up India’s economy, so its decline is cause for alarm

Ila Patnaik - May 17, 2019

The macroeconomy appears sombre because of old difficulties like financing and investment, and new ones like consumption demand.

Auto stocks have lost $42 billion in 16 months & suddenly become India’s worst sector

Livia Yap - May 3, 2019

Slowdown in consumption amid cash crunch has left carmakers with a pile of unsold vehicles in one of world’s fastest-growing auto market.

Growing slump in India’s $70 billion auto industry should worry the govt

Anjani Trivedi - April 9, 2019

With unemployment sky-rocketing and expenses growing, people in India don't have the purchasing power for vehicles anymore.

Car industry could be the next victim of US-China tech cold war

Andrew Browne - March 28, 2019

Dilemma of US automakers over technology illustrates how any serious US effort to block high-tech exports to contain China would be both delusional & self-destructive.

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Topic: Auto Industry

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