Tag Archives: Auto

Job cuts continue in auto, ancillary sectors; IT, BPO industries hire more

Auto and ancillary sectors saw a 17% dip in jobs in July 2019 (Image: Reuters) The ongoing economic slowdown has hit employment in key industries such as automobiles and ancillaries, but it’s the IT and BPO sectors which offer some silver lining to those seeking jobs. While the IT industry has been the ruling employment provider for some months now, ... Read More »

Production Cuts, Job Losses on the Cards for Slowing Auto Industry

After denting the auto sector’s profitability, the consumption slowdown along with the upcoming shift to BS-VI standards will further decelerate production, leading to eventual job losses. Industry insiders point out that slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages, and liquidity constraints, has led to the month-on-month sales de-growth. Besides, inventory pile-up at the ... Read More »

Delhi’s Auto, Taxi Unions Withdraw Call for Strike on Monday

Delhi Autorickshaw Sangh and Delhi Pradesh Taxi Union tonight withdrew their call for strike on Monday after the city government gave them a written assurance that their demands would be fulfilled. The two unions account for the major chunk of the autorickshaw and taxi drivers in the national capital. Rajendra Soni, general secretary of both the unions, said Delhi Transport ... Read More »

This Billionaire Finds Auto Expo to be ‘Too Expensive to Participate’

New Delhi: At a time when the automobile industry is gearing up for the Delhi Auto Expo, Bajaj Auto MD Rajiv Bajaj on Monday said it is too expensive to participate in the biennial show and wasteful to create expensive concepts. The company, which unveiled its new bike V on Monday, is skipping this year’s Auto Expo citing high costs. ... Read More »

Bajaj Auto Sales Up Nearly 2% in January

New Delhi: Bajaj Auto on Tuesday reported a 1.78 per cent increase in total sales at 2,93,939 units last month as against 2,88,746 units in January 2015. Motorcycle sales during the month grew 2.44 per cent to 2,52,988 units as against 2,46,955 units in the corresponding period a year ago, the company said in a filing to the BSE. Bajaj ... Read More »