In the association statement, Rajan Wadhera, president, SIAM and president - automotive sector of Mahindra & Mahindra, said, “The sales report coming out from various companies for the month of August 2019 has been very dismal with over 30 percent erosion of sales for passenger vehicles. The commercial vehicle and two-wheeler sales are also significantly negative indicating that the market has still not responded to the various measures initiated by the finance minister in July.”
He further noted that the government has to consider reducing the goods and services tax (GST) rates from 28 to 18 percent which would significantly reduce the cost of vehicles and in turn create demand. However, Finance Minister Nirmala Sitharaman made no mention of any rate cuts in the auto sector during the 37th GST Council meeting held on September 20.
The continuing consumption slowdown prompted many auto shippers such as Ashok Leyland, Maruti, Tata Motors, Mahindra & Mahindra, and Honda Motorcycle, among others to suspend production at their units in the past several months.
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Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit 2019 organised by Indian Transport & Logistics News, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Toxic Slowdown In Auto Sector, EVs To Disrupt The Market
When festive season sales failed to cheer the auto industry, logistics providers have taken it as an opportunity to utilise this period to create value by streamlining their operations. With the Indian government's ambitious plans of shifting the focus to electric vehicles by 2023, logistics providers are upgrading their capabilities to handle the complex auto parts and developing technology to track the entire supply chain journey.
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By 2020 Our Target Will Be 50 Percent Revenue From Exports
Since 1996 Gandhi Automations has been a leader in manufacturing as well as exporting, distributing and installing entrance automation systems and loading bay equipment that are problem free and easy to operate. The company specialises in designing, manufacturing and installing customised products conforming to the highest safety standards complemented with reliability and energy efficiency. Samir Gandhi, Managing Director and Chief Executive Officer, Gandhi Automations, speaks to Indian Transport and Logistics News, about manufacturing, exports, market share and potential growth in this sector over the coming years.
Connecting India With Multi-Modal Logistics
Today, logistics cost in India accounts for 13-17 percent of the Gross Domestic Product (GDP) which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France. Much of these escalating costs are due to the absence of efficient intermodal and multimodal transport systems. But with the government giving infrastructure status to the logistics sector, development of multimodal transport networks and initiatives to set up industrial corridors and logistics parks, a massive transformation of the country’s logistics landscape is underway.
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It is claimed that blockchain could boost global trade by $1 Trillion in 10 years. Discover how Port of Rotterdam is embracing this technology to strengthen its smart logistics and maritime hub.
Machine Protection Doors: Protecting People And Enhancing Productivity
Machine protection doors are found in many areas of industrial production - they are required to meet stringent safety requirements.
Freightbro Elite- Deliver An Exceptional Freight Forwarding Experience
Freight forwarding has largely remained an industry dictated by inefficiencies due to traditional mandates of conducting business.
Driving Into A World Of Opportunities India Auto Show
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Digitising Freight Forwarding For A Seamless Supply Chain
FreightBro, a digital platform for freight forwarders and Journal of Commerce (JOC.com), a portal for news about container shipping & logistics have organised the latter's first ‘India Logistics Technology Summit’ on August 22 in Navi Mumbai.
THE ROXOR IS THE BACKCOUNTRY BUG-OUT VEHICLE THAT CAN HANDLE THE JOB.
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“Vimal, only a few seats are available, and I am going ahead and blocking two” I remember my wife saying something on these lines.
Mahindra's New Arsenal Spotted
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कम आधार से मार्च में कारों की बिक्री को धार
मार्च में वाहन कंपनियों ने बिक्री में 100 प्रतिशत से भी अधिक इजाफा दर्ज किया है। हालांकि पिछले वर्ष के न्यून आधार प्रभाव की वजह से आंकड़ों में इतनी तेजी दिख रही है। हालांकि वाहन उद्योग के लोगों का कहना है कि बिक्री के आंकड़ों को पिछले वर्ष मार्च में दर्ज बिक्री के संदर्भ में देखा जाना चाहिए जब लॉकडाउन की वजह से सात दिनों तक कोई बिक्री नहीं हो पाई थी।
Flipkart to Deploy over 25,000 Electric Vehicles by 2030
Flipkart has announced its plans for deploying more than 25,000 electric vehicles (EVs) by 2030, an initiative to change its logistic fleet to green energy vehicles.
Mahindra XUV300 Petrol AutoShift
Mahindra marries an AMT to the XUV300’s turbo-petrol engine and it isn’t a match made in heaven
Amazon India chooses Mahindra Electric as partner to help fulfil e-mobility goals
E-Commerce giant’s delivery fleet of 10,000 EVs by 2025 to be designed and manufactured by OEMs in India
India Auto Show 2021 Exhibitors and visitors welcome the return of auto trade fairs
With India Auto Show 2021, a prime automotive event, returning to Mumbai, automobile enthusiasts, vehicle manufacturers and dealers marked their enthusiastic presence with new products and solutions, reports Rajesh Rajgor
‘ADAPTING TO CHANGES QUICKLY IS THE KEY TO GROWTH'
ABHISHEK CHANDA, Co-Founder of Kalasha Fine Jewels, Hyderabad, says hard work and transparency are his two success mantras
WITH OCCUPANCY RATES REACHING PRE-COVID LEVELS OF OVER 84%, KAVINDER SINGH MAINTAINS THAT INDIA HOLIDAYS AT CLUB MAHINDRA RESORTS