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Sales Slowdown Latest Videos

Sales Slowdown Latest News

  • Automakers in India have reduced their inventory level to 21 days on an average as compared to an average of 90 days prior to the slowdown phase.
    Mahindra Extends Plant Shutdown By Three Days
  • 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 one lakh. With a forty lakh private bank loan he has defaulted in repaying his monthly installment of around a lakh rupees. He has laid off 3 of his 13 workers. He has reduced the three hour shift to one.
    Auto Industry Slowdown Hits Lakhs Of Jobs
  • The current downturn has hit the Indian automotive market hard and the Finance Ministry assures automotive manufacturers that it will look into the situation and find remedies.
    Slowdown Review On Cards; Finance Ministry To Automakers
  • Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers 100,000, with the remaining job losses at dealers, many of which have closed, the industry source said.
    Tens Of Thousands Losing Jobs As India's Auto Crisis Deepens- Report
  • It marked a fourth profit warning from Continental in 16 months, while French rival Faurecia on Tuesday stuck to its guidance.
    Germany's Continental, Jungheinrich Hit Brakes As Auto Sector Slows

Reviews

  • Tesla's Shanghai plant in December cut output by about a third from November, and extended a Lunar New Year holiday period for workers in January, to cope with rising inventory.
    Tesla Sales Of China-Made Electric Vehicles Up 18% In January
  • Honda Motorcycle and Scooter India (HMSI) accounted for almost half of the incremental two wheeler sales in May. Overall, Honda posted a 19 per cent rise in sales in the same month, selling 4,36,358 two wheeler units in May, up from 3,67,167 units in May 2015.
    Honda Accounts for Nearly Half of Incremental Two Wheeler Sales
  • The new Hyundai i20 has turned out to be a great success for the Korean carmaker in India. And the reason we say this is because of the fact that the company has sold over 1 lakh units of the premium hatchback within 11 months.
    Hyundai i20 Reaches 1 Lakh Sales Milestone Within 11 Months
  • Eric Vas, President - Motorcycle Business, Bajaj Auto, said that over 50 per cent of the bike's customers have opted for the ABS variant.
    ABS Version Accounts For Over 50 Per Cent Bajaj Pulsar RS200 Sales
  • Country's largest car-maker Maruti Suzuki India (MSI) today reported a marginal 1.6 per cent decline in its total sales for March at 1,11,555 units as against 1,13,350 units in the same month a year ago.
    Maruti Suzuki Sales Drop by 1.6 Per Cent in March, 2015