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Automobile Sector
Business  /  Published 24.05.20

Blow to auto sector restart

Workers at two of India’s biggest carmakers have tested positive for the novel coronavirus days after restarting operations, exposing the risks companies and the government face in kickstarting the ...
By Agencies in New Delhi

Business  /  Published 23.05.20

Recovery from 2024

The Indian automobile industry will see a turnaround only in 2024, Bosch India managing director Soumitra Bhattacharya said in a press conference on Friday. The industry had already hit a slowdown in...
By Anasuya Basu in Calcutta

Business  /  Published 18.05.20

Auto firms eye GST rate cut

The auto industry, reeling under a slowdown and demand contraction, is hoping that the GST Council would cut the rates, as the Centre’s latest economic package has left out the sector.Siam president...
By Our Special Correspondent in New Delhi

Business  /  Published 08.05.20

Tata Motors drops debentures plan

Tata Motors on Thursday said it has decided to withdraw a non-convertible debenture (NCD) issue to raise up to Rs 1,000 crore, because of “tight market conditions” — an indication that many com...
By Our Special Correspondent in Mumbai

Business  /  Published 08.05.20

Vehicle scrappage policy on fast track

Union minister for road transport and highways, Nitin Gadkari, on Thursday said the vehicle scrappage policy is likely to be finalised soon to boost the automobile sector.“The scrapping policy will...
By Our Special Correspondent in New Delhi

Business  /  Published 07.05.20

Auto sector amid lockdown: Slow steps to normalcy

Mercedes-Benz India has resumed production at its manufacturing facility at Chakan, Pune, in phases. Chennai-based TVS Motor Company said it has commenced operations across all factories at Hosur, Mys...
By TT Bureau in Mumbai

Business  /  Published 01.05.20

Vehicle sales drop to zero in April

Auto makers, including Maruti Suzuki, Hyundai, MG Motor, Toyota and Mahindra & Mahindra, did not report any sales in April as the nationwide lockdown took a toll on the sector and manufacturing un...
By Our Special Correspondent in New Delhi

Business  /  Published 01.05.20

Maruti, M&M report zero sales in domestic market

The coronavirus-induced lockdown has greatly impacted the automobile sector with industry giants Maruti and Mahindra announcing sale of zero units in the domestic market in April.The country's largest...
By PTI in New Delhi

Business  /  Published 30.04.20

Govt seeks suggestions from auto industry leaders for resource mobilisation

The government on Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry, who raised several demands for a financial package to overcome the impact of...
By PTI in New Delhi

Business  /  Published 28.04.20

Tata Motors to raise Rs 1000 crore

Tata Motors on Tuesday said that it was looking to raise Rs 1,000 crore through issue of debentures.“The company wants to offer rated, listed, unsecured, redeemable, non-convertible debentures aggr...
By Our Special Correspondent in Mumbai


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