Carmakers usually carry stock of around two months, but due to the virus-induced lockdown in April and May most of them couldn’t import adequatelyAlso, Indian authorities have imposed strict checking of Chinese consignments in the aftermath of the border standoff
2 min read30 Jun 2020The consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job lossesBesides, inventory pile-up at dearlership level and stock management of the unsold BS IV vehicles has become a problem for the sector
2 min read4 Aug 2019WTO says as trade tensions slow export orders and automobile production and sales the global trade is likely to lose momentum in the third quarter
1 min read9 Aug 2018Honda Motor says it halted production at Sayama vehicle plant for a day on Monday after finding the WannaCry ransomware has struck its computer network
1 min read22 Jun 2017Govt unveils plan that targets fourfold output growth; aims for the total value of vehicle-related production to reach as much as Rs18.9 trillion by 2026
2 min read3 Sep 2015Toyota’s global vehicle output falls in September
1 min read25 Oct 2010Automakers’ shutdowns drive suppliers’ Q2 losses
2 min read6 Aug 2009Japan auto production marks worst drop since 1967
1 min read25 Dec 2008The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared