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  • Suzuki rethinks promise of India's auto market, and it is not alone Nov 08, 2019 11:40 AM IST

    Suzuki rethinks promise of India's auto market, and it is not alone

    The Japanese automaker issued the warning after it reported a slump in quarterly profit this week on tumbling sales at its Indian unit, Maruti Suzuki , which accounts for half the number of cars sold in India.

  • Passenger vehicle output down 13.18% in Apr-Jul as major auto companies cut production Aug 15, 2019 02:38 PM IST

    Passenger vehicle output down 13.18% in Apr-Jul as major auto companies cut production

    The current slowdown in the auto industry has forced manufacturers to reduce production which has resulted in retrenchment of 15,000 casual and temporary workers so far.

  • China's 2017 crude demand seen rising to record: CNPC research Jan 12, 2017 01:42 PM IST

    China's 2017 crude demand seen rising to record: CNPC research

    The robust outlook for crude combined with surging vehicle sales in the world's largest auto market boosted oil futures even as the report cautioned that demand growth for products like gasoline and diesel will slow.

  • China auto sales increase in May: Industry Group Jun 13, 2016 04:32 PM IST

    China auto sales increase in May: Industry Group

    A total of 2.09 million vehicles were sold in China last month, up 9.8 percent from a year ago, the China Association of Automobile Manufacturers (CAAM) said in a statement.

  • Global carmakers see rising competition in China Apr 25, 2016 01:00 PM IST

    Global carmakers see rising competition in China

    Total auto sales in China reached 24.6 million last year, making it a crucial market for foreign manufacturers as well as domestic brands, but that represented growth of just 4.7 percent, down from 6.9 percent in 2014, data from industry group China Association of Automobile Manufacturers (CAAM) showed.

  • Tractor industry's October 2011 sales up 22% YoY Nov 25, 2011 10:56 AM IST

    Tractor industry's October 2011 sales up 22% YoY

    The domestic tractor industry grew 22% year-to-date (YTD) in October 2011, according to a BRICS Research report.

  • Car sales growth seen slumping to slowest in decade: Crisil Sep 28, 2011 05:40 PM IST

    Car sales growth seen slumping to slowest in decade: Crisil

    Car sales in India is crawling towards sub 5% growth, to their slowest in a decade, as rising fuel prices and higher cost of loans continue to bite, Crisil said, indicating further demand slump in one of the world's fastest growing auto market.

  • Continental's India arm to invest 50m euros to expand Aug 24, 2011 03:24 PM IST

    Continental's India arm to invest 50m euros to expand

    Germany's Continental AG said on Wednesday its India arm plans to invest over 50 million euros to expand tyre capacity in the world's second fastest growing major auto market.

  • Tata Motors, Maruti cut output; auto cos bank on new cars Aug 16, 2011 04:35 PM IST

    Tata Motors, Maruti cut output; auto cos bank on new cars

    With the domestic auto market going on a downhill slide, Tata Motors and Maruti Suzuki have cut production as the automobile industry braces up for a single digit sales growth this fiscal.

  • Auto industry outlook: It's a long drive, avoid short cuts Jul 28, 2011 12:56 PM IST

    Auto industry outlook: It's a long drive, avoid short cuts

    In the short run, increasing interest costs, rising input costs and wage inflation may reduce the profitability of the car and bike manufacturers. If you are looking for short term gains, you stay away from the auto sector for the couple of quarters. However for the long term investor, an exposure to the best names in the industry is advisable.

  • May car sales growth slowest in 2-yrs, demand to moderate Jun 09, 2011 11:31 AM IST

    May car sales growth slowest in 2-yrs, demand to moderate

    Car sales rose 7% in May from a year earlier, their slowest pace of growth in two years, as higher fuel prices, interest rates and vehicle costs crimped demand in the world's second-fastest growing auto market.

  • April local fuel sales up 4.2% annually May 25, 2011 08:33 PM IST

    April local fuel sales up 4.2% annually

    India's local oil product sales rose an annual 4.2% in April, slower than the previous month, government data showed on Wednesday, but is likely to have picked up in May as dealers tanked up in anticipation of a price hike.

  • China growth spurs rethink in European auto M&A May 19, 2011 08:19 AM IST

    China growth spurs rethink in European auto M&A

    China's growth prospects combined with Western firms' fear of being shut out of the world's largest auto market are leading to a shift in attitude toward Chinese rivals buying into Europe's auto sector.

  • Volkswagen hopes to grab 20% market share in India by 2018 Feb 19, 2011 02:50 PM IST

    Volkswagen hopes to grab 20% market share in India by 2018

    German automobile major Volkswagen Group is eyeing a 20% auto market share as it plans to expand its reach through dealerships in tier 2 and tier 3 cities across the country, reports the Business Standard.

  • India car market seen poised to top US in 25 yrs Feb 17, 2011 08:14 AM IST

    India car market seen poised to top US in 25 yrs

    The auto market in India is on the brink of the explosive growth that characterized the Chinese auto market in recent years and will outstrip the United States by size over the next 25 years, according to a forecast by consulting firm Booz & Co.

  • Hyundai's reign threatened by imports, rivals Feb 16, 2011 01:51 PM IST

    Hyundai's reign threatened by imports, rivals

    Hyundai Motor has been a success story with ever-rising profits, but the South Korean carmaker's dominance on its home turf is under threat from imports and nimble local rivals.

  • GM to add more models in 'crown jewel' China: CEO Feb 15, 2011 06:27 PM IST

    GM to add more models in 'crown jewel' China: CEO

    General Motors Co is expanding the range of cars it sells in China, a step that could help build on its position in the world's biggest auto market as it tries reclaim the No.1 global carmaker spot from Toyota Motor Corp.

  • China readies 10 mn EV parking spots by 2020: Autoshow Jan 14, 2011 05:51 PM IST

    China readies 10 mn EV parking spots by 2020: Autoshow

    The Chinese government is said to be looking to prepare at least 10 mn car parking spots for electric vehicles by 2020 in a new comprehensive policy due to be announced soon, a top executive at a local automaker said on Thursday.

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