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Automakers warn of up to 45% sales drop as economy slumps

Manufacturing

12 May, 2020

Automakers warn of up to 45% sales drop as economy slumps

India's automakers have warned that total automobile sales could fall as much as 45% in the current fiscal year in ......

Automakers seek tax cut to boost demand after coronavirus hit

Manufacturing

17 April, 2020

Automakers seek tax cut to boost demand after coronavirus hit

Automakers in India want a temporary tax cut on cars, trucks and motorbikes as well as incentives to scrap old ......

Premium
As coronavirus dampens demand, which companies have the biggest inventories?

Consumer

07 April, 2020

As coronavirus dampens demand, which companies have the biggest inventories?

The coronavirus pandemic has brought the world’s second-most populous country to a virtual standstill, infecting more than 4,500 and killing ......

India car sales crash in March on coronavirus lockdown

Manufacturing

01 April, 2020

India car sales crash in March on coronavirus lockdown

Automakers in India saw a steep fall in sales in March as a slowdown in demand was exacerbated by shutdowns ......

Tata Motors to hive off passenger vehicle biz, may look for tie-ups

Manufacturing

27 March, 2020

Tata Motors to hive off passenger vehicle biz, may look for tie-ups

Tata Motors Ltd said on Friday it plans to split its passenger vehicle business into a new subsidiary as the ......

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Manufacturing

02 March, 2020

Mahindra & Mahindra, Tata Motors say coronavirus outbreak hitting parts supply

Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had ......

Sensex, Nifty record worst week since 2009 as pandemic fears grow

Markets

28 February, 2020

Sensex, Nifty record worst week since 2009 as pandemic fears grow

Indian shares sank on Friday for a sixth straight session, capping their worst week in more than a decade, over ......

Tata Motors, two group finance firms accused of antitrust violations

Manufacturing

27 February, 2020

Tata Motors, two group finance firms accused of antitrust violations

India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused ......

Sensex, Nifty fall as virus spread sparks pandemic fears

Markets

26 February, 2020

Sensex, Nifty fall as virus spread sparks pandemic fears

Indian shares ended lower on Wednesday, weighed down by auto and metal stocks, on investor concerns about a potential coronavirus ......

India's car sales drop for 15th month in January

Manufacturing

10 February, 2020

India's car sales drop for 15th month in January

Car sales in India fell for the 15th consecutive month in January, as slowing economic growth and rising cost of ......