AUTOMOBILE SECTOR

  • Maruti Q2 net profit slips five per cent October 30, 2012

    New Delhi: The country's largest car maker Maruti Suzuki India on Tuesday reported 5.41 per cent decrease in net profit at Rs 227.45 crore for the quarter ended September 30 due to lower sales, mainly of petrol models. The average discounts on the models, especially petrol run, were alltime high...
  • Experts cheer reverse repo cut, see rise in lending March 4, 2009

    The muchawaited Reserve Bank action's is here at last. The central bank has cut the repo and reverse repo rates by 50 basis points with immediate effect. Bankers and industry leaders have cheered the rate cut, but most feel the move should have come earlier. They feel the cut in...
  • Credit crunch: Banks not lending, realty suffers December 29, 2008

    Mumbai: The RBI lowered the risk weight age for banks to lend to the realty sector from 150 per cent to 100 per cent on November 15. One and a half months on, developers say, the move has still not translated to actual lending. The paramount issue is for financial institutions...
  • 'Cut prices or people will hoard fearing worst' November 20, 2008

    Union Finance Minister P Chidambaram had on Tuesday asked Indian companies to cut prices to boost demand and tide over the economic slowdown. "The classic response to a demand slowdown is to cut prices," Chidambaram had said at the India Economic Summit in New Delhi. However, many companies have ruled out...
  • Auto majors feel the credit crunch, shut down plants November 7, 2008

    New Delhi: The timing could not have been more worse for the Audi R8, for the luxurious sports car hits the Indian market at a time when the countrys automobile sector is battling a slowdown in demand and cutting down output. While, Ashok Leyland India's second largest maker of trucks,...