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Auto News

Kia Motors debut month sales beat half a dozen car brands in India
With the launch of the first product -Seltos, Kia has marked itself as the 7th largest carmaker in India.

Auto industry downturn worrisome: SIAM
The series of announcements on credit availability and reducing the cost of credit that were made do not seem to have percolated down to the NBFCs which support the bulk of finance for the automotive industry.

India manufacturing growth at 15-month low in August: PMI
With inflation predicted to remain below the Reserve Bank of India's medium-term target of 4% for the rest of this year, the central bank is expected to ease further in October to boost a slowing economy.

Complete Sales Analysis August 2019: Auto cos sales further see a downward trend
In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.

Government may consider GST cut on Automobiles
On August 23, Sitharaman announced a slew of measures to boost demand in the sector like the depreciation cost of automobiles purchased between now and 31 March 2020 by corporates will be increased to 30 per cent from 15 per cent at present.

Four years into a slide, Audi hopes to fight back with new cars
German carmaker’s sales this year likely to be the lowest by volumes since 2010 amid overall slowdown in the sector.

Mahindra & Mahindra picks up 55% stake in Meru for Rs 201 crore
The first tranche of investment will be made in October of 2019, the company announced to Bombay Stock Exchange on Saturday night.

Maruti Suzuki domestic sales down 34.3% in August
The company had sold 147,700 units in August 2018, Maruti said in a statement.

Two-wheeler sales may remain under strain for two years: Suzuki
While demand has been hit this fiscal, the switch over to Bharat Stage VI standards next year will raise prices by up to another 20%, Hirao said.

Costs making it difficult for EV to make a good value proposition: Maruti
Having commenced a nation-wide fleet testing in September last year, the company is also facing a challenge over customer acceptance of EVs and adopt a business model.

Renault to exit diesel, sell only India-specific petrol cars
Renault currently has one petrol powertrain and plans to add two more, including turbocharged ones, in the next three years.

Automakers bank on buyback option to tackle slowdown
An industry standard in developed markets, carmakers try to raise low consumer confidence as the industry wades through a tough slowdown.