Slowdown In Auto Industry
Track the reason, effect, solution of the global slowdown of auto industries. Find all news regarding to the Slowdown In Auto Industry.
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posted in Slowdown of Auto Industry and It's Effect on Us
Bosch likely to cut around 2,000 jobs
Business Standard [4 years ago]
Bosch likely to cut around 2,000 jobs in India amid auto sales slump
Carmakers will shed 80,000 jobs across the world in the coming years
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Automobile: Firmly in the grip of a slowdown
The Hindu [4 years ago]
Automobile: Firmly in the grip of a slowdown
Stable long-term policies, strong economic push needed to revive the industry
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posted in Slowdown of Auto Industry and It's Effect on Us
India cannot achieve $5 trillion economy with slowing automotive industry
Economic Times [4 years ago]
India cannot achieve $5 trillion economy with slowing automotive industry
Industry captains said the auto sector needs double-digit growth if the government wants to attain $5 tn goal.
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posted in Slowdown of Auto Industry and It's Effect on Us
About 1 lakh lost jobs in auto sector due to slowdown
Deccan Herald [4 years ago]
About 1 lakh lost jobs in auto sector due to slowdown
Workers retrenchment has taken place from October last year till July 2019, he claimed.
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posted in Reason of Slowdown in Auto Industries
Why is the auto industry facing trouble?
The Hindu [4 years ago]
Why is the auto industry facing trouble?
The automobile sector is in the news as it is experiencing prolonged negative growth. What are the reasons? Why are jobs being lost? And how can the government help?
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posted in Reason of Slowdown in Auto Industries
Five reasons the car industry is struggling
BBC [4 years ago]1. Falling demand 2. Emissions woes 3. The electric challenge 4. A shift away from ownership? 5. Brexit
Five reasons the car industry is struggling
Carmakers are facing a range of challenges, from slowing demand in China to stricter rules on emissions.
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posted in Slowdown of Auto Industry and It's Effect on Us
TVS Motor Q2 profit may drop 27-36% YoY on slowdown in auto sector
Economic Times [4 years ago]
TVS Motor Q2 profit may drop 27-36% YoY on slowdown in auto sector
Kotak Institutional Equities expects TVS Motor to report a 27.4 per cent year-on-year (YoY) drop in net profit.
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posted in Slowdown of Auto Industry and It's Effect on Us
Passenger vehicle sales decline by 24%, commercial by 62%
INDIA TODAY [4 years ago]According to SIAM data, passenger vehicle sales dropped to 2,23,317 units in September from 2,92,660 a year ago while passenger car sales dropped by 33.4 per cent to 131,281 units compared to the same period in 2018.
Bad news for Auto sector: Passenger vehicle sales decline by 24%, commercial by 62%
Auto sector of India continues to be in recession due to weak consumer demand. SIAM data for September show that while decline in passenger vehicle sales was about 24 per cent that in commercial segment was whopping 62.11 per cent.
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posted in Slowdown of Auto Industry and It's Effect on Us
Slowdown effects more pronounced in India: IMF
The Hindu [4 years ago]The largest emerging market economies like India are experiencing an even “more pronounced” effect of the global downturn, new International Monetary Fund (IMF) chief Kristalina Georgieva said on Wednesday, warning that the global economy is witnessing “synchronised slowdown” which will result in slower growth for 90% of the world this year.
Slowdown effects more pronounced in India: IMF
International Monetary Fund chief Kristalina Georgieva warns of slower growth for 90% of the world this year.
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posted in Slowdown of Auto Industry and It's Effect on Us
Maruti Suzuki cuts production for 8th consecutive month in September
Business Today [4 years ago]The prolonged decline in sales, for the eleventh consecutive month, has forced Maruti Suzuki India to cut its production by 17.48 per cent in September, making it the eighth straight month it has reduced its output.
Auto slowdown: Maruti Suzuki cuts production for 8th consecutive month in September
The prolonged decline in sales, for the eleventh consecutive month, has forced Maruti Suzuki India to cut its production by 17.48 per cent in September, making it the eighth straight month it has reduced its output.
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posted in Slowdown of Auto Industry and It's Effect on Us
Mahindra offers discounts up to Rs 52,000, Tata up to Rs 1.5 lakh
Money Control [4 years ago]The Indian automobile sector has been witnessing a slowdown for some months now. Amid the ongoing slump, various automakers are resorting to discounts on certain models to lure customers ahead of this festive season.
Auto slowdown effect: Mahindra offers discounts up to Rs 52,000, Tata up to Rs 1.5 lakh
While Tata Motors is offering a discount of upto Rs 1.5 lakh on a limited set of its models, Mahindra isn't far behind, with discount offers of upto Rs 76,500 on its product range.
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posted in Reason of Slowdown in Auto Industries
Auto crisis more due to overproduction than slowdown in economy: Rajiv Bajaj
Economic Times [4 years ago]The current crisis in the automobile industry in the country is largely due to “overproduction and stocking” by companies and to a small extent to the economic slowdown, and there’s no need for a GST cut, Bajaj Auto managing director Rajiv Bajaj has said.
Auto crisis more due to overproduction than slowdown in economy: Rajiv Bajaj
Automobile sales have declined by over 30 per cent in certain categories during July and August.
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posted in Slowdown of Auto Industry and It's Effect on Us
Workers Hit Hard By Ashok Leyland's Shutdown
NDTV [4 years ago]Ashok Leyland's combined sale declined by 50 per cent in August with a total sale of 8,296 vehicles against 16,628 vehicles sold in August last year.
Workers Hit Hard By Ashok Leyland's Shutdown
Ashok Leyland's combined sale declined by 50 per cent in August with a total sale of 8,296 vehicles against 16,628 vehicles sold in August last year.
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posted in Reason of Slowdown in Auto Industries
Most of the slowdown is automobile industry's own making: Rajiv Bajaj
Business Standard [4 years ago]“A lot of these companies are not able to export because, by world-class standards, their products are mediocre,” he said attributing the mediocrity to companies trying to make everything and not focusing on one segment. “When you will make scooters, and bikes and cars and jeeps and SUVs and trucks and buses and everything under the sun, you are obviously not going to be world-class at anything," he told the channel.
Most of the slowdown is automobile industry's own making: Rajiv Bajaj
Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees
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posted in Reason of Slowdown in Auto Industries
India’s Auto Slowdown And The Forces Behind It
Bloomberg Quint [4 years ago]Slowdown in the auto sector has been a global phenomenon, the report showed. But with cross-border trade issues impacting many countries, India seems to have been hit harder than most others. Read more at: https://www.bloombergquint.com/business/in-charts-indias-auto-slowdown-and-the-forces-behind-it Copyright © BloombergQuint
In Charts: India’s Auto Slowdown And The Forces Behind It
Here’s what’s been going on in the auto industry and why.
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posted in Slowdown of Auto Industry and It's Effect on Us
Auto industry may shed 500k jobs next quarter
Economic Times [4 years ago]“The vehicle industry is witnessing de-growth, resulting in 100,000 job losses in the component sector over the last few months. Should this trend persist for another 3-4 months, it could lead to 1 million job losses,” Vinnie Mehta, director general Automotive Components Manufacturers Association of India (ACMA).
Auto industry may shed 500k jobs next quarter
Tier II-III companies with a turnover of less than Rs 400 crore are bleeding the most.
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posted in Slowdown of Auto Industry and It's Effect on Us
The Automobile Sector Slowdown Affected The Steel Industry?
Goodreturns [4 years ago]As carmakers started reducing their production to cut costs, it will also affect automotive steel makers like Tata Steel and ArcelorMittal. Read more at: https://www.goodreturns.in/news/2019/08/09/how-has-the-automobile-sector-slowdown-affected-the-steel-in-1013880.html
How Has The Automobile Sector Slowdown Affected The Steel Industry?
Domestic carmakers in the country are battling a drop in sales amid a slowdown in the economy. People are buying lesser cars, slowing down the revenue of automobile industry that contributes 7.5 percent to Indias GDP. This slowdown was bound to affect the
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posted in Reason of Slowdown in Auto Industries
BS-VI to dent auto industry in FY21
Economic Times [4 years ago]Industry estimates show a price rise of 1-3 per cent for BS-VI petrol vehicles and 5-10 per cent for the diesel ones.
Slowdown Saga: BS-VI to dent auto industry in FY21 - ET Auto
Automobile industry is expected to face sales downturn during the first quarter of next fiscal year as high prices on the back of BS VI introduction d..
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posted in Slowdown of Auto Industry and It's Effect on Us
10-15% people lost jobs in auto component industry
Zee Biz [4 years ago]Due to the prolonged slowdown in auto sales since September 2018, automobile component manufacturing sector has already witnessed 10-15% loss in employment,
Auto Sector slowdown: 10-15% people lost jobs in auto component industry
Due to the prolonged slowdown in auto sales since September 2018, automobile component manufacturing sector has already witnessed 10-15% loss in employment, as growth in revenue for companies in the sector slow down significantly.
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posted in Reason of Slowdown in Auto Industries
These five factors have created painful downturn for India’s automobile industry
CNBC TV [4 years ago]sing an econometric decomposition exercise, the report has identified a decline in rural demand coupled with the liquidity crisis stemming from NBFC defaults as the key culprits behind the slowdown.
These five factors have created painful downturn for India’s automobile industry
The automobile industry in India has been experiencing major stagnation for the past four quarters. A new report by Dr Soumya Kanti Ghosh, group chief economic adviser at State Bank of India, outlines five major reasons behind the slowdown in the auto sec
