Page 28 - Auto Sector News Today

This is Indus Motor’s second announcement of production closure this year

Cites hurdles in opening Letters of Credit for import of raw materials as reason

Latest round of price reductions as the electric-car maker struggles with demand.

Commerce minister Piyush Goyal says free-trade agreements (FTAs) with Japan and South Korea have cost India billions, with South Korean automakers importing “indiscriminately” into India

TVS Motor Company top Auto advertiser on TV in 2022 with 65% share: TAM AdEx

Picking up again. and if it is it may mean were in store for a more aggressive federal reserve which means higher interest rates and potentially weakness in stock markets. as for markets themselves right now futures are pointing to a positive start to the trading session. >> yeah, between that huge jobs number a few weeks ago and this worrisome data on inflation, youre right, a lot of folks are wondering what jerome powell will do next. u.s. car maker ford announced last night its going to cut 4...

Plant closures, non-production days are inevitable, says IMC CEO

The automakers reached a deal in principle on Monday to restructure their two-decade partnership by putting both companies on an equal footing

Going ahead most analysts have mixed views on the space. While the pent-up demand is fading and the sector is facing rising interest rates and further price hikes expected the export; However, margin improvement is expected due to a decrease in commodity prices and price hikes.

The Pak Suzuki Motor Company Limited (PSMCL), Pakistan’s leading automotive brand, has opened the booking for its various automobiles.