Mumbai: In the wake of the over Rs 7 increase in petrol prices by the government, CNBC-TV18 spoke to executives from leading auto companies for their reaction on the hike in petrol prices, its impact on the rupee and the economy as a whole. Maruti Suzuki chairman RC Bhargava says that the price hike was not a shocker given the speed with which the rupee has depreciated. He also added...
10:37 PM, May 23, 2012
New Delhi: The automobile industry has hit out at the petrol price hike saying the increase will hurt the sector which is already reeling under a slump. "Petrol cars are not selling as such already. With this record hike, the situation will go from bad to worse," Society of Indian Automobile Manufacturers (SIAM) Senior Director Sugato Sen said. In the short-term, sales will be further impacted while in the long...
08:21 PM, May 23, 2012
New Delhi: Car sales in India rose an annual 8.5 percent in December, an industry body said on Tuesday, the second consecutive monthly rise as the industry continued to rebound from record falls in sales in late 2011. Demand for cars in India, the world's second-fastest growing auto market after China, shrank in July for the first time in nearly three years. Sales continued to fall for three consecutive months...
02:06 PM, Jan 10, 2012
Sanand: Along a dusty, traffic-choked road in Gujarat lies what may be India's industrial future. As labourers work under a blazing sun to widen the highway, auto giants Ford Motor Co and PSA Peugeot Citroen prepare to spend nearly USD 2 billion to build new plants in Sanand, a sparsely populated collection of villages about 40 kilometres west of Ahmedabad. More automakers and suppliers are expected to follow, taking advantage...
08:31 AM, Oct 09, 2011
Next year is expected to be the best ever for the Indian auto industry. ...
11:26 AM, Dec 18, 2009
Stealing car logos is the newest trend in auto theft in Mumbai. ...
05:13 PM, Jun 28, 2009
GM India operations are not included in the US filing for Chapter 11. ...
05:59 PM, Jun 02, 2009
Auto major lost $16.8 billion in 2008 and expects to lose $4.7 billion in 2009. ...
08:20 AM, May 05, 2009
Robert Nardelli says he will step down after the firm emerges from bankruptcy. ...
10:47 PM, Apr 30, 2009
Sources say that 2008 has seen the highest inventory pile-up. ...
01:46 AM, Dec 26, 2008
Plan faltered when the bill failed to get enough support in a procedural vote. ...
09:44 AM, Dec 12, 2008
Exporters too are feeling let down with sagging demands in the West. ...
01:23 AM, Dec 08, 2008
There is much more at stake than just US auto giants. ...
09:21 PM, Nov 20, 2008
The auto industry is the backbone of the US economy. ...
07:16 PM, Nov 13, 2008
Company sources said the shutdown is due to slowdown in vehicle sales. ...
08:52 PM, Nov 06, 2008
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