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Newsletters,

January Newsletter – 15/01/2020

Headlines

1) India Auto sales crash 14% in CY2019, the industry awaits GST cut to revive growth

2019 has been a rather forgettable year for the Indian automobile industry and the reasons are many. A prolonged economic slowdown, increase in vehicle prices, revised axle load norms for CVs that reduced M&HCV buying, the IL&FS crisis which impacted lending in rural India, the shift from BS-IV to BS VI-compliant vehicles, and subdued consumer sentiment. (source: autocarpro.in)

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Newsletters,

January Newsletter – 29/1/2020

Headlines

1) Amidst the slowdown, Honda Cars India floats VRS scheme for its manufacturing staff

Sighting the ongoing slowdown in the Indian automobile sector, Japanese carmaker Honda Cars India (HCIL) has floated a voluntary retirement scheme (VRS) for its permanent employees (for manufacturing) at the Greater Noida plant, effective from January 28, 2020. (Source: auto.economictimes.indiatimes.com)

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