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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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.
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.
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.
Looking Beyond IMO's Global Sulphur Cap
The IMO's move to introduce a 'global sulphur cap' presents a significant regulatory move aimed at reducing greenhouse emissions and making shipping more environmentally responsible and friendly. We probe how shipping lines are preparing for the big move and the alternatives like LNG, hydrogen, and LEO, a blend of lignin and ethanol.
Reinventing Global Trade Using Blockchain
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
India Auto Show, organised by NESCO Exhibitions, will be held from October 3-5 at Hall 8 of Bombay Exhibition Center in Mumbai.
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.
French Flair Gets Muddy
Peugeot re-enters the pickup space, but can it be more than niche?
OFF-ROAD RELIABLE
THE ROXOR IS THE BACKCOUNTRY BUG-OUT VEHICLE THAT CAN HANDLE THE JOB.
MOBILITY SOLUTIONS FOR THE INDIAN ARMY
While the Indian Army has a significantly large fleet of trucks and utility vehicles, there is a need to further augment the capabilities by adding latest platforms with better fuel-efficiency, faster speeds, larger wheelbases and enhanced axle-load bearing capacities.
M&M revs up electric drive
Mahindra & Mahindra (M&M) is working on the conversion of its partnering agreement with Volkswagen signed last month, for the use of its modular electric drive matrix or MEB parts into a supply agreement, said Rajesh Jejurikar, Executive Director, Auto and FES, Mahindra & Mahindra. He was speaking at the post-results interaction with the media in which the company's leadership dwelt on various aspects of the business as well the future outlook.
Kavinder Singh - Managing Director and CEO. Mahindra Holidays And Resorts India Ltd. President - Leisure & Hospitality Sector
We are expecting strong growth basis accelerated room inventory addition, growing member base and driving Resort Revenues.
Niche EVs
MAHINDRA ELECTRIC IS DRIVING SUSTAINABLE MOBILITY THROUGH IT'S NEW ELECTRIC 3W TIPPER RANGE BUILT ON A MODULAR PLATFORM. DEEPTI THORE DRAWS ATTENTION TO THE NICHE EVS IN ITS MIX.
M&M's Krish-e has redefined the art of bonding with farmers
The effort to boost farm incomes through a unique sense of collaboration driven by technology is paying off rich dividends for the tractor maker. Ramesh Ramachandran, Senior Vice-President (Farming as a Service), Farm Equipment Sector, Mahindra & Mahindra, tells Murali Gopalan how Krish-e came into being and why he is bullish on its prospects.
Land deals double in one year, report shows
REAL ESTATE DEVELOPERS and other entities are back to buying land parcels, with 28 separate land deals transacted in just the first five months of 2022, cumulatively accounting for over 1,237 acres across the country.
Kamakshi Khanna And Sanjeeta Bhattacharya Share a Delicate Duet On ‘Swimming'
According to the New Delhi musicians, the new track “tries to capture the power of asking for help”
Mahindra plans to pull out all the stops on farm mechanisation this fiscal
Hemant Sikka, President of the Farm Equipment Sector, tells Murali Gopalan that the company will go flat out in its localisation efforts for farm equipment imported from overseas operations. Offering counsel to famers for higher productivity is another priority area.