Why is India’s car industry in breakdown mode?
India’s second-biggest manufacturer of commercial vehicles, Ashok Leyland, is suspending production at several units from five to 18 days in September, triggering fears that the slump in the automotive sector shows no sign of letting up. The BBC’s Nitin Srivastava reports. Ram Mardi is worried…
Car sales: September figures deepen industry gloom
Hopes of a big rise in UK car sales in September have been dashed, spreading more gloom about the sector’s health. Sales in what is the industry’s second most important month rose 1.3% from a year earlier, well below the double-digit growth hoped for. In…
Auto crisis: No festive cheer in industry this season amid concerns over slowdown, BS-VI norms
Optimism is in short supply in the board rooms and corner offices of automobile companies in the country today, which is rather unusual for this time of the year. The 45-day period between the onset of Onam and Diwali that marks the festive season in…
Nirmala Sitharaman says govt working on measures to help auto industry
New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government will soon respond to the demands of the automobile sector, which is facing the worst slump in more than two decades. “We are working on a few things. We are conscious that we need to respond,” Sitharaman…
Automotive Segment To Push Honda Motor’s Top Line Growth?
Honda Motor Co. (NYSE: HMC), whose stock currently trades at around $26, generates its revenue primarily from its Automotive segment, which is projected to account for 69.8% of total revenues in 2019, While the Motorcycle segment is expected to contribute 13.6% to the top line. In…
Auto industry facing structural issues, affordability a challenge: Toyota Kirloskar
Indian auto industry is facing a big structural issue with affordability becoming one of the most serious challenges due to several factors, including headwinds created by government policies, according to Toyota Kirloskar Motor Vice-Chairman Vikram Kirloskar. With the transition from BS-IV emission norms to BS-VI…
Honda Acquires Drivemode, Developer of Smartphone Apps for Drivers
Honda has acquired all the outstanding shares of the California-based Drivemode, Inc., in order to further strengthen Honda’s vision to create digital and connected mobility products. With the acquisition, Drivemode became a wholly-owned subsidiary of Honda R&D. Drivemode is a startup that develops and operates…
Only 5 states have rolled out new MV Act
Only five states — Gujarat, Uttarakhand, Kerala, Karnataka and Assam — have implemented the amended Motor Vehicles Act nearly five weeks after the Centre notified the new law. Sources said some state transport departments have forwarded the proposal with revised fines to the respective governments for…