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Saturday, August 08, 2020

auto industry

AUTO INDUSTRY NEWS

June quarter results of auto companies likely to be "dismal": Jefferies report

July 20, 2020 5:35 pm

"Q1FY21 is expected to be one of the worst quarters for the Indian auto industry due to a sharp decline in volumes amid COVID-19," Jefferies said in a research note.

Restrictions on tyre imports to curb inflow from China, help domestic industry: ATMA

June 17, 2020 4:52 pm

The government had on Friday imposed curbs on imports of certain new pneumatic tyres used in motor cars, busses, lorries and motorcycles in a move to promote domestic manufacturing.

Vehicle production may be critically hampered due to coronavirus outbreak, says SIAM

March 11, 2020 2:50 pm

Society of Indian Automobile Manufacturers (SIAM) has been in touch with the government with specific recommendations on behalf of the auto industry, SIAM President Ranjan Wadhera said in a statement.

SIAM proposes setting up of South Asian Automotive Forum

February 27, 2020 2:39 pm

The objective of the forum is to further trade and establish a strong automotive industry in South Asia, Society of Indian Automobile Manufacturers Association (SIAM) said in a statement.

Indian auto industry to be negatively impacted, supply chain disrupted if Coronavirus persists: ICRA

February 19, 2020 5:42 pm

China accounts for 27 per cent of India's auto component imports valued at USD 4.8 billion and, the impact is estimated to be higher for high value-add and customised components, while commoditised products could shift to alternative suppliers, ICRA said in a statement.

Auto industry apprehensive over coronavirus impact on component supply from China: SIAM

February 10, 2020 2:41 pm

Auto industry body Society of Indian Automobile Manufacturers (SIAM) said it will be collecting information and data from its members in the next couple of days to understand if there could be disruptions, and to what extent, if there are any.

With 0.28% gain, PVs break 11-month slide in October; Overall sales drop 12.76%

November 12, 2019 4:49 am

As per the latest data from Society of Indian Automobile Manufacturers (SIAM), PV sales during October increased by 0.28 per cent to 2,85,027 units, from 2,84,223 units in the year-ago period.

Demand slowdown: A coordinated policy response, addressing both structural and cyclical factors, is needed

August 14, 2019 6:49 am

The slowdown in demand is a fact, but the consensus that banks are not extending enough credit to help us navigate through the current slowdown is misplaced. This is a false narrative as Economics 101 suggests a bi-directional causality between economic growth and credit off-take.

Most obvious first aid would be GST cut or cess removal: Anand Mahindra

August 08, 2019 3:20 am

He also said that while the industry needs support for both wholesale and retail financing and the rate cuts necessary for revival have been put in place, he asked the lenders to be more supportive to the suppliers and dealers.

Hit with arrest of former chairman Carlos Ghosn, Nissan profit nose-dives

May 14, 2019 3:32 pm

Yokohama-based Nissan said profit for the fiscal year through March 2020 will drop to 170 billion yen ($1.5 billion), as restructuring and product development expenses combined with currency-related losses and rising material costs slam earnings.