Tata Steel developing advanced product for auto sector

Last Updated: Friday, February 8, 2013, 15:59

Tata Steel is investing 2.3 million euro (Rs 16.5 crore) to develop "next generation" variant of steel for automotive use at Ijmuiden plant in the Netherlands.

Brazil auto output goes up

Last Updated: Thursday, February 7, 2013, 12:11

The number of light commercial vehicles manufactured rose to 263,505 units, up 27.1 percent.

RBI rate cut: Something is better than nothing for auto sector

Last Updated: Tuesday, January 29, 2013, 17:36

The key rate cut by RBI is too little to have any major positive impact on demand for automobiles but it is still a move in the right direction, according to the industry players.

India Ratings projects stable outlook for auto sector

Last Updated: Tuesday, January 8, 2013, 21:25

Projecting a stable outlook for the domestic auto sector this year, ratings agency India Ratings Tuesday said it expects a muted growth in both passenger and commercial vehicles segments due to structural weaknesses and over-capacity among other factors.

Auto sector likely to grow by 6-7% this fiscal: Tata Motors

Last Updated: Wednesday, November 21, 2012, 18:12

"Our estimate is that the market will grow at 6-7 percent compared to last year," Tata Motors Vice President for Passenger Car Business Neeraj Garg said while unveiling the all terrain Tata Safari Storme SUV here.

CCI serves notices to carmakers on anti-competitive practices

Last Updated: Wednesday, September 19, 2012, 15:44

CCI is pursuing the case under Section 4 of the Competition Act that relates to abuse of dominant position by enterprises.

Indian automobile industry turnover $145 bn by 2016: Patel

Last Updated: Wednesday, September 5, 2012, 17:29

According to the minister, the growth of the industry has led the government to review targets set for the industry under the automotive mission plan 2006-16.

CMIE lowers auto production forecast to 9.6%

Last Updated: Monday, July 16, 2012, 22:40

The Centre for Monitoring Indian Economy (CMIE) has lowered its automobile production forecast by a percentage point to 9.6 percent for this fiscal on account of a persistent higher interest rate regime, hike in taxes and the resultant increase in vehicle prices besides an overall gloomy domestic economic climate.

CMIE lowers auto production forecast to 9.6%

Last Updated: Monday, July 16, 2012, 22:40

The Centre for Monitoring Indian Economy (CMIE) has lowered its automobile production forecast by a percentage point to 9.6 percent for this fiscal on account of a persistent higher interest rate regime, hike in taxes and the resultant increase in vehicle prices besides an overall gloomy domestic economic climate.

DHI sends proposal to Cabinet on special auto body

Last Updated: Tuesday, June 19, 2012, 16:21

The Department of Heavy Industry (DHI) has sent a proposal to the Cabinet for setting up a specialised body to promote sustainable development of the auto sector.

Bajaj unhappy over Pak's protectionist approach to auto sector

Last Updated: Wednesday, May 9, 2012, 18:09

India's second largest two-wheeler maker Bajaj Auto has expressed unhappiness over Pakistan's protectionist approach towards the automobile sector, preventing the firms from the neighbouring nation to sell products here.

Maruti, Hyundai post healthy car sales in March

Last Updated: Monday, April 2, 2012, 22:44

Leading auto makers like Maruti Suzuki, Hyundai Motor and Hero MotoCorp on Monday reported healthy monthly sales for March as customers rushed to showrooms ahead of expected price hikes after the Budget.