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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 passed for a repo rate with the aid of an unconventional 35 bps in its ultimate policy meet. With the focus now on…

Mumbai: Automobile sellers body FADA on Thursday advised the authorities to recollect industry reputation for the auto retail quarter, a pass to assist it in 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…

MUMBAI: Italian-American vehicle main Fiat Chrysler Automobile (FCA), in a bid to preserve hobby in the emblem, has permitted an among the most refined SUV, below its Jeep logo, for the Indian marketplace for 2020-2021. The new seven-seater SUV could be positioned above the Compass SUV. It could be opposed…

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 high insurance costs had been many of the principal motives for pushing…

New Delhi: The slowdown inside the car industry and the liquidity crunch within the marketplace are affecting the provider network. 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…

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

New Delhi: Jeep India has been named India’s maximum dependent on car emblem in TRA’s Brand Trust Report 2019. The SUV expert automaker has been ranked the second most relied-on emblem throughout categories protecting 1000 popular brands in India. This can be considered a sizable success with the American automobile…

As India works toward 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 three months, because FAME II turned into authorized, most straightforward five automobile manufacturers [OEMs] have…

Mumbai: India’s passenger car income posted the steepest drop in almost 18 years in May amid susceptible demand and a liquidity crunch faced using non-bank vehicle financiers, prompting primary automakers to cut production. Sales fell 20.6% in May to 239,347 vehicles from a yr in advance, in keeping with data…

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…