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EV Market in India to Cross 1 Crore Annual Sales Mark, Create 5 Crore Jobs by 2030: Economic Survey
India's EV market is expected to grow to one crore units per annum by 2030 while creating 5 crore jobs, data from the Economic Survey 2022-23 shows. The total EV sales in India stood at around 10 lakh units in 2022, according to industry estimates.
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Coronavirus Pandemic: Indian Automobile Sector Could Bear Revenue Loss of Around Rs. 15,000 Crore
The Indian automobile industry is likely to suffer an estimated revenue loss of around Rs. 13,000 crore to Rs 15,000 crore due to coronavirus outbreak. With the pandemic disrupting the domestic economy and several businesses in the country, the automakers will have to bear the estimated revenue loss if they are forced to shut down the operations fo...
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Haryana Centre To Skill Women For Jobs In Auto Sector
A training centre for skilling women to get jobs in the automobile sector was inaugurated on Saturday at the IIT in Ambala in Haryana.
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Domestic Car Sales Fall 11% In November, Production Down 8%: Industry Body SIAM
Total passenger car sales in the domestic market fell nearly 11 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Tuesday. Sales of passenger vehicles - including passenger cars, utility vehicles and vans - declined 0.84 per cent to 263,773 units in November, the data showed. Out of these, a t...
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Passenger Vehicle Sales Up 0.28% In October: Industry Body SIAM
Total passenger vehicle sales in the domestic market increased 0.28 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Monday. A total of 2,85,027 passenger vehicles were sold in October, as against 2,84,223 in the corresponding period a year ago, the industry body said in its report. The margi...
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Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM
Passenger vehicle sales in the country fell 23.69 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. That marked the longest ever streak of falling sales for the country's automobile industry. The data comes at a time the country's auto sector is struggling against weak demand leadi...
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India's Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August
Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.
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Government To Push Scrappage Policy As Soon As Possible: Nitin Gadkari
The Minister of Road Transport and Highways (MoRTH) Nitin Gadkari says that a scrappage policy will be announced soon. Gadkari was speaking at the 59th Annual Society for Indian Automobile Manufacturers (SIAM) convention today and said that the government is working on introducing a scrappage policy as soon as possible. The announcement comes at a ...
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Automakers Demand Tax Cuts, Analysts Slash Forecasts As Sales Plummet
Data from Tata Motors and Mahindra & Mahindra, which together account for about two-thirds of the commercial vehicles market, show that sales of trucks, an indicator of economic activity, fell by almost 40 per cent.
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Passenger Vehicle Sales Plunge 31%, Steepest Fall In Nearly 2 Decades: 10 Points
Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM or Society of Indian Automobile Manufacturers revealed on Tuesday. The drop in sales is the worst since December 2000, when the industry sold a fifth of the vehicles it sells currently. The sales report highlighted that passe...
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Auto Slowdown Hits Lakhs Of Jobs, Industry Pins Hope On Diwali Season
With Rs 35,000 worth of unsold cars countrywide there's an abnormal hike in dealers shutting down.
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Auto Industry Slowdown Hits Lakhs Of Jobs
The slowdown in auto sector has rendered an estimated three lakh and a fifty thousand people jobless due to spiraling lay offs in the automobile industry. In Chennai's Amabattur industrial estate the slowdown has crippled John Peter makes valve components. Over the last five months, his 8 lakh monthly turnover has dropped by ninety percent, to just...
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Million Jobs In Danger: Priyanka Gandhi Slams "BJP Government's Silence"
Congress general secretary Priyanka Gandhi Vadra today cited a media report to claim that jobs of 10 lakh people in the automobile sector were in danger and asserted that the BJP government's silence on possible job losses was "most dangerous".
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Indian Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues
India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4 per cent in the first quarter, and monthly passenger vehicle sales in June fell by the biggest margin in 18 years
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Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
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EV Market in India to Cross 1 Crore Annual Sales Mark, Create 5 Crore Jobs by 2030: Economic Survey
India's EV market is expected to grow to one crore units per annum by 2030 while creating 5 crore jobs, data from the Economic Survey 2022-23 shows. The total EV sales in India stood at around 10 lakh units in 2022, according to industry estimates.
-
Coronavirus Pandemic: Indian Automobile Sector Could Bear Revenue Loss of Around Rs. 15,000 Crore
The Indian automobile industry is likely to suffer an estimated revenue loss of around Rs. 13,000 crore to Rs 15,000 crore due to coronavirus outbreak. With the pandemic disrupting the domestic economy and several businesses in the country, the automakers will have to bear the estimated revenue loss if they are forced to shut down the operations fo...
-
Haryana Centre To Skill Women For Jobs In Auto Sector
A training centre for skilling women to get jobs in the automobile sector was inaugurated on Saturday at the IIT in Ambala in Haryana.
-
Domestic Car Sales Fall 11% In November, Production Down 8%: Industry Body SIAM
Total passenger car sales in the domestic market fell nearly 11 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Tuesday. Sales of passenger vehicles - including passenger cars, utility vehicles and vans - declined 0.84 per cent to 263,773 units in November, the data showed. Out of these, a t...
-
Passenger Vehicle Sales Up 0.28% In October: Industry Body SIAM
Total passenger vehicle sales in the domestic market increased 0.28 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Monday. A total of 2,85,027 passenger vehicles were sold in October, as against 2,84,223 in the corresponding period a year ago, the industry body said in its report. The margi...
-
Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM
Passenger vehicle sales in the country fell 23.69 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. That marked the longest ever streak of falling sales for the country's automobile industry. The data comes at a time the country's auto sector is struggling against weak demand leadi...
-
India's Monthly Passenger Vehicle Sales Log Worst-Ever Drop In August
Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.
-
Government To Push Scrappage Policy As Soon As Possible: Nitin Gadkari
The Minister of Road Transport and Highways (MoRTH) Nitin Gadkari says that a scrappage policy will be announced soon. Gadkari was speaking at the 59th Annual Society for Indian Automobile Manufacturers (SIAM) convention today and said that the government is working on introducing a scrappage policy as soon as possible. The announcement comes at a ...
-
Automakers Demand Tax Cuts, Analysts Slash Forecasts As Sales Plummet
Data from Tata Motors and Mahindra & Mahindra, which together account for about two-thirds of the commercial vehicles market, show that sales of trucks, an indicator of economic activity, fell by almost 40 per cent.
-
Passenger Vehicle Sales Plunge 31%, Steepest Fall In Nearly 2 Decades: 10 Points
Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM or Society of Indian Automobile Manufacturers revealed on Tuesday. The drop in sales is the worst since December 2000, when the industry sold a fifth of the vehicles it sells currently. The sales report highlighted that passe...
-
Auto Slowdown Hits Lakhs Of Jobs, Industry Pins Hope On Diwali Season
With Rs 35,000 worth of unsold cars countrywide there's an abnormal hike in dealers shutting down.
-
Auto Industry Slowdown Hits Lakhs Of Jobs
The slowdown in auto sector has rendered an estimated three lakh and a fifty thousand people jobless due to spiraling lay offs in the automobile industry. In Chennai's Amabattur industrial estate the slowdown has crippled John Peter makes valve components. Over the last five months, his 8 lakh monthly turnover has dropped by ninety percent, to just...
-
Million Jobs In Danger: Priyanka Gandhi Slams "BJP Government's Silence"
Congress general secretary Priyanka Gandhi Vadra today cited a media report to claim that jobs of 10 lakh people in the automobile sector were in danger and asserted that the BJP government's silence on possible job losses was "most dangerous".
-
Indian Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues
India's auto industry is in the middle of one of its worst slumps. Passenger vehicle sales fell 18.4 per cent in the first quarter, and monthly passenger vehicle sales in June fell by the biggest margin in 18 years
-
Note Ban Negative For Jobs, Small Enterprises, Rural Demand: Assocham
On the sectoral impact of demonetisation, the survey said agriculture, cement, fertilizers, automobile, textiles, real estate and retail will have negative impact.
