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What data says about first 100 days of Modi 2.0 -Sneha Alexander & Vishnu Padmanabhan

ger vehicle sales, which are an important indicator of domestic demand, have plummeted in recent months. At a press conference on Tuesday, Union finance minister Nirmala Sitharaman suggested that the Automobile industry has been affected by several factors including the changing mindsets of millennial who now prefer to use Ola and Uber (cab-hailing services) rather than committing to buying an automobile. However, there is evidence to the contrary.

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Wheels of misfortune: On crisis in Automobile industry -Ashok Kumar, M Soundariya Preetha and Sangeetha Kandavel

-The Hindu The Automobile industry is in the grip of an unprecedented crisis. The downturn in the economy has led to a dip in production and huge job losses across the country. July was a difficult month for 28-year-old Rohit Rana. Since 2012, Rana had been employed in a diesel machine shop at Maruti Suzuki’s Gurugram plant in Haryana. As the eldest of three siblings, it became Rana’s responsibility to take care of his father, a re

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Adopt a green growth strategy to boost the sluggish automobile sector

orts, which also caught the attention of the Central government, mostly centered around the deceleration in production and sales of personal vehicles like two-wheelers, cars etc. Please note that the Automobile industry has been observed as a bellwether of economic activity in the post-1991 years. Against the backdrop of demand deflation pertaining to automobiles, the Union government (along with active participation of the state governments) sh

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Hardly the brick and mortar of a revival -Jayati Ghosh

f the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The Automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this year, with more job cuts likely. While this could sti

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Slowdown may render 30 lakh MSME workers jobless: KASSIA

ME sector has been facing severe headwinds both on the global and domestic fronts. It has been under severe strain, with loss of production and loss of employment in many sectors. The slowdown across Automobile industry, auto parts and ancillary segment and also in textile and garments have undoubtedly added more woes to small and medium industries, said Kassia. Mr. Raju said, “A series of new changes such as demonetisation, Goods & Servi

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Economic slump: Modi govt re-arranging furniture when house is on fire -Subodh Varma

nister Narendra Modi, and home minister Amit Shah to party leaders, ministers, chief ministers and even ex-chief ministers of the ruling Bharatiya Janata Party. They were also welcomed by some of the Automobile industry tycoons and share market players. Even the US-India Business Council praised it extravagantly. The measures can be boiled down to: roll back of enhanced surcharge on foreign portfolio investors, lifting ban on government purchase of

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Auto sector slowdown hits scrap dealers, micro units in Coimbatore -M Soundariya Preetha

-The Hindu Production in foundries supplying castings to the Automobile industry has dropped considerably In Coimbatore, where a large number of industrial units and foundries are working in the automobile sector, the slump in vehicle demand is impacting several businesses indirectly. A micro industry with just two CNC machines, doing job work, used to earn nearly ?10,000 a week from selling scrap. This income has reduced steeply in the las

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Privacy Breach? Transport Ministry Selling Driving License, Vehicle Registration Data To Commercial Firms -Siddhartha Mishra

ification by the ministry titled “Bulk Data Sharing Policy & Procedure” listed the procedure for selling data. It also mentioned that sharing data can “support the transport and Automobile industry” in addition to benefiting the country’s economy, and improving services and benefits for citizens. “There has been a growing demand to share the data for wider benefits,” it adds. Curiously, the reasons for thi

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Missing demand: on economic slowdown

ales of cars, commercial vehicles and two wheelers all contracted in April, from a year earlier, the Society of Indian Automobile Manufacturers (SIAM) has reported. The decline of almost 16% in total Automobile industry sales is an indication that consumption demand across markets — urban and rural, institutional and individual — is petering out. While sales of commercial vehicles, a fair proxy for overall economic activity, slid 6% last m

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Free, not fair -Sukumar Muralidharan

cal austerity to countries in financial meltdown, said as much in a secret memo written for the global lender in the early-1990s. India’s own embrace of neoliberalism has fostered a vigorous Automobile industry, identified in various policy documents as an important potential contributor to growth. Ironically, 2016 also dawned with India’s capital city trying to grapple with the pollution consequences of the untrammelled growth of priva

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