RBI pours cold water on auto makers' festive season hopes

Last Updated: Friday, September 20, 2013, 16:06

Already reeling under a demand slump, automobile manufacturers have expressed disappointment over the RBI's decision to hike short term lending rate saying it is likely to impact the interest rates on car and automobile loans further.

Sona Koyo Steering Systems looks at increasing exports to US

Last Updated: Thursday, September 5, 2013, 13:50

With domestic demand on a slump, auto component major Sona Koyo Steering Systems on Thursday said it is looking to increase exports, mainly to the US to cash in on rupee depreciation.

Slowdown partly self inflicted: Automobile Industry

Last Updated: Wednesday, September 4, 2013, 23:38

Bajaj Auto Managing Director Rajiv Bajaj however said the auto industry itself was responsible for the current situation as most of the woes globally and in domestic market "are self inflicted".

There is case for stimulus for automobile industry: Patel

Last Updated: Wednesday, September 4, 2013, 13:53

He was talking to reporters on the sidelines of the annual convention of SIAM.

Hiring slump in auto sector just a temporary phase: Experts

Last Updated: Sunday, August 11, 2013, 12:06

The automobile industry may be seeing a freeze in hiring activity and some firms even resorting to layoffs, but experts believe that all this is just a temporary phase and a revival in recruitments will occur as soon as the economy is back on high-growth path.

Government considers sops to boost export of auto components

Last Updated: Sunday, August 11, 2013, 11:49

The government is considering giving incentives to the auto component industry to boost exports, with the Ministry of Commerce and the Department of Heavy Industry conducting a joint assessment of the sector.

Patel to take up stimulus package for auto sector with PM

Last Updated: Wednesday, July 24, 2013, 19:02

Stressing upon the need to take immediate steps for arresting the decline in auto sales, Heavy Industries Ministry has said it will soon take up the issue with the Prime Minister and seek stimulus package to revive the sector.

Hiring in auto sector at a standstill, layoffs imminent

Last Updated: Monday, June 24, 2013, 15:14

With car and vehicle sales continuing to reel under a prolonged slump, fresh hiring of employees has been frozen in India's automobile sector while layoffs loom large.

Maruti Suzuki to go for one-day production cut at Gurgaon plant

Last Updated: Friday, March 8, 2013, 14:52

The country's largest car maker Maruti Suzuki India (MSI) is undertaking a one day-production cut at its Gurgaon plant on Saturday amid declining sales.

Maruti Suzuki to go for one-day production cut

Last Updated: Friday, March 8, 2013, 12:51

The country's largest car maker Maruti Suzuki India (MSI) is undertaking a one day-production cut at its Gurgaon plant on Saturday amid declining sales.

Budget 2013: SUVs, imported vehicles to cost more

Last Updated: Friday, March 1, 2013, 12:41

Imported luxury cars will be costlier by up to Rs 15 lakh or even more, while prices of sports utility vehicles will also go up, with the Finance Minister P Chidambaram on Thursday proposing a hike in excise and customs duties on these products.

Cut excise duties to rev up auto industry: SIAM

Last Updated: Saturday, February 16, 2013, 20:38

Worried by the performance of the industry, SIAM has called for government intervention in the form of reduction in excise duties in the Budget and special schemes for commercial vehicles under Jawaharlal Nehru National Urban Renewal Mission ( JNNURM) to boost the sector.