Finance Minister Sitharaman offers car region a Diwali present

The slowdown inside the domestic financial system requires an adequate response from both the Central Bank and the authorities. The Reserve Bank of India (RBI) has long past for a repo rate with the aid of an unconventional 35 bps in its ultimate policy meet. With the focus now on the government and a clamor […]

Union Budget 2019: Automobile sellers body seeks enterprise status for automobile retail zone

Mumbai: Automobile sellers body FADA on Thursday advised the authorities to recollect industry reputation for the auto retail quarter, a pass so that it will assist it to avail easy to budget and maintain a business in the long term. Suggesting a slew of measures to Finance Minister Nirmala Sitharaman for the growth of the […]

Fiat Chrysler Automobile to release new Jeep SUV in India

MUMBAI: Italian-American vehicle main Fiat Chrysler Automobile (FCA), in a bid to preserve hobby in the emblem, has permitted an among the finest SUV, below its Jeep logo, for the Indian marketplace for 2020-2021. The new seven-seater SUV could be positioned above the Compass SUV and could be pitted in opposition to the likes of […]

Tough time keeps for car month-to-month sales

Severe woes retain for Indian automobile region as most of the agencies achieved badly, as is obvious from their June quantity numbers. The muted sentiment is at the lower back of myriad challenges, led via increase within the total price of ownership due to mandatory lengthy-time period insurance and implementation of protection regulations, higher cost […]

Automobile quarter seeks decrease GST to spur demand

With the automobile area passing through its worst slowdown segment, the industry has been keenly expecting the Budget to offer some remedy to spur increase within the zone. A liquidity crunch, pre-election uncertainty a few months back and excessive insurance costs had been many of the principal motives for pushing the world right into a […]

Slowdown in car industry ends in dealership closures

New Delhi: The slowdown inside the car industry and the liquidity crunch within the marketplace are affecting the provider network adversely. According to the statistics from the Federation of Automobile Dealers Associations (FADA), the apex body of vehicle dealers, the entire dealership closures within the closing 18 months is an impressive 271 with 245 passenger […]

Auto income go from terrible to worse, fall 21% in May

Mumbai: Passenger car income in India posted the steepest drop in almost 18 years in May amid susceptible demand and a liquidity crunch faced by means of non-bank vehicle financiers, prompting primary auto makers to cut production. Sales fell 20.6% in May to 239,347 vehicles from a yr in advance, in keeping with data released […]

Jeep is India’s maximum depended on car emblem: Brand Trust Report 2019

New Delhi: Jeep India has been named as India’s maximum depended on car emblem in TRA’s Brand Trust Report 2019. The SUV expert automaker has been additionally ranked as the second most relied on emblem throughout categories protecting 1000 popular brands in India. This can be taken into consideration as a sizable success with the […]

Only Five Automobile Manufacturers Registered Under FAME II Scheme: Minister

As India works in the direction of reaching 30% mobility by using 2030, authorities ambitious Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme has been slow to take off with automakers. In the closing 3 months, due to the fact that FAME II turned into authorized, simplest 5 automobile manufacturers [OEMs] […]

No cease to auto blues as creditors reduce publicity

New Delhi/Mumbai: Top lenders have determined to pare down their publicity to car sellers resulting from elevated defaults over the past financial years, probably delaying healing in a zone struggling with the weak call for. The liquidity crunch at non-banking financial businesses (NBFCs) has made each public and private sector banks, such as State Bank […]