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Automobile Sector
Business  /  Published 07.06.20

China funds for Jaguar Land Rover

Jaguar Land Rover (JLR), owned by Tata Motors, has entered into agreements with lenders in China for an unsecured three-year term loan facility of 5 billion yuan ($704.50 million), marking its first d...
By Reuters in Shanghai

Business  /  Published 11.11.19

Negative outlook for automotive dealership segment: Icra

Icra Ratings on Monday said it has a negative outlook for the domestic auto dealership sector due to decline in credit profile of industry participants amid slowing sales and high working capital debt...
By PTI in New Delhi

Business  /  Published 10.11.19

Maruti cuts production for 9th straight month

Maruti Suzuki India (MSI) reduced its production by 20.7 per cent in October, making it the ninth straight month when the country's largest carmaker lowered its output.The company produced a total of ...
By PTI in New Delhi

Business  /  Published 10.02.20

Price hikes take a toll on car sales

Domestic passenger vehicle sales declined 6.2 per cent in January, falling for the fifteenth consecutive month, stressed by rising cost of ownership and slower GDP growth, automobile industry body Sia...
By Our Special Correspondent in New Delhi

Business  /  Published 01.12.19

Maruti hits 20-million milestone

Maruti Suzuki India Ltd (MSIL) has reached a key milestone of achieving 20 million passenger vehicle cumulative sales in India. No other car maker in India has crossed this landmark so far. The compan...
By Our Special Correspondent in Calcutta

Business  /  Published 22.03.20

Auto leaders close down plants

The automobile industry has emerged as the latest casualty of the coronavirus pandemic: market leaders from Maruti Suzuki India to Mahindra & Mahindra on Sunday announced the suspension of manufac...
By Our Special Correspondent in Mumbai

Business  /  Published 17.03.20

Plea to extend BS-IV deadline

Automobile dealers’ body FADA on Tuesday said it has filed an application with the Supreme Court seeking extension of sale and registration of BS-IV vehicles till May 31, 2020 — an extension of tw...
By Our Special Correspondent in New Delhi

Business  /  Published 21.08.19

Parle layoffs: Slowdown bites biscuits

The cookie has started to crumble.On Wednesday, Parle Products — the country’s largest biscuit maker — said it might lay off as many as 10,000 workers as the sharp decline in consumption demand ...
By TT Bureau in Mumbai

Jharkhand  /  Published 19.08.19

Panic as jobs vanish at all levels in the automobile industry

Godda youth Manish Kumar Bhagat, 23, a diploma holder in automobile engineering, is jobless for the past five months. Now he is getting desperate. Manish, who is from Pathargama in Godda, showed the g...
By Vijay Deo Jha in Ranchi

Business  /  Published 01.03.20

Coronavirus hits supply of car parts

Tata Motors, Mahindra and Mahindra (M&M) and MG Motor India on Sunday said they were facing challenges in terms of component supply from coronavirus hit-China. “Because of the unforeseeable chal...
By PTI in New Delhi


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