Automobile Sector
Auto  /  Published 18.12.19

Fiat, Peugeot clinch merger

Fiat Chrysler and PSA of France said on Wednesday that they had agreed to the terms of a merger that would create the world’s fourth-largest automaker.The companies said they had signed a binding ag...
By Jack Ewing and Liz Alderman/New York Times News Service in New York

Business  /  Published 06.12.19

Auto components in distress

The auto component industry’s turnover witnessed the worst decline in the first half of the current fiscal, leading to a job loss of around 1 lakh temporary workers till July this year, industry ass...
By PTI in New Delhi

Business  /  Published 04.12.19

Skoda to invest Rs 8000 crore

Skoda Auto India is investing Rs 8,000 crore to increase the level of localisation of its cars and hopes to achieve annual sales of one lakh units by 2025. The Czech brand, which has been in the count...
By Our Special Correspondent in Calcutta

India  /  Published 04.12.19

Opposition slams government over state of economy

The Opposition on Wednesday attacked the central government in Lok Sabha over the slowdown in the economy, which has hit a six-year low of 4.5 per cent during the second quarter of the current fiscal....
By PTI in New Delhi

Business  /  Published 11.11.19

Passenger vehicle sales rise marginally in October

Domestic passenger vehicle sales witnessed a marginal increase of 0.28 per cent to 2,85,027 units in October from 2,84,223 units in the year-ago period.Domestic car sales were down 6.34 per cent to 1,...
By PTI in New Delhi

Business  /  Published 09.06.20

Hero MotoCorp net dips

Hero MotoCorp, the country’s largest two-wheeler maker, on Tuesday beat Street estimates when it posted a 15 per cent drop in standalone profit after tax for the March quarter of 2020 at Rs 620 cror...
By Our Special Correspondent in Mumbai

Business  /  Published 08.06.20

Tata Power to charge MG electric cars

Tata Power on Monday signed a memorandum of understanding (MoU) with MG Motor India, a subsidiary of SAIC, to set up superfast chargers for electric vehicles (EV) at select MG dealerships. Tata Power ...
By Our Special Correspondent in Calcutta

Business  /  Published 01.03.20

Car sales fall in February

Car sales continue to remain sluggish in February with M&M, Honda, Tata Motors and Hyundai reporting double-digit decline in sales. Sales of Maruti Suzuki India fell 1.1 per cent in February 2020 ...
By PTI in New Delhi

Business  /  Published 22.02.20

Mahindra MD Pawan Goenka presents ideas on mobility

Indians use big cars to move a single person, and the fate met by Tata Nano was unfortunate, Mahindra and Mahindra MD Pawan Goenka said on Saturday. He also conceded that the automobile industry does ...
By PTI in Mumbai

Business  /  Published 19.02.20

Coronavirus fear looms over auto industry

The automobile industry in the country is likely to be negatively impacted and the supply chain disrupted if the Coronavirus (Covid-19) outbreak in China and Southeast Asia persisted longer, according...
By Our Special Correspondent in New Delhi


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