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India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.

Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses

Automotive production slowed in early 2020 because of hard lockdowns caused by the COVID-19 pandemic but has come roaring back, especially in China, as consumers look to travel in private vehicles rather than take public transport.

Chip Shortages Could Slow Automotive Production, Volkswagen and Suppliers Say

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 dearlership level and stock management of the unsold BS IV vehicles has become a problem for the sector.

Auto Industry May Further Cut Production: Report

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