Auto industry growth: 'Time to kick-start sustainable growth in auto industry'

according to Transformation to electric cars is inevitable in India, which poses a great opportunity to the automotive industry. A corporate rate tax cut from the present 30% to 27-28% would help the industry.Indirect tax – Simplify existing GST rate structure for the automobile sector. Alternative powertrains: The government must recognise that electric vehicles are easier to make and are simpler than IC engines. R&D spends on new cars, EV designs for cars, bio-fuels like ethanol and electric powertrain will increase. **The views carried in the article are of ILC members in entirety, and not of Deloitte or ET.

Automotive industry needs to 'diversify or face dramatic skills shortage,' Auto Trader seminar reveals

Automotive industry needs to 'diversify or face dramatic skills shortage,' Auto Trader seminar revealsOver 50 HR directors, managing directors and chief executives from automotive retail and manufacturing brands agreed that the industry needed to "wake up and diversify" at Auto Trader's diversity and inclusion seminar. These included:Changing industry perception : There is a real need to change the perception of the automotive industry, particularly amongst young people. : There is a real need to change the perception of the automotive industry, particularly amongst young people. Redefining ways of working : Brands need to be less narrow in focus when it comes to how their teams work. : Brands need to be less narrow in focus when it comes to how their teams work.

Auto trade war would put one-fifth of Canadian industry jobs at risk, dealers warn

according to A tit-for-tat automotive trade war between Canada and the United States would raise prices of new vehicles by between $5,000 and $9,000 and put nearly one-fifth of jobs at auto dealerships in Canada at risk, the Canadian Automobile Dealers Association warns. "That [tariff] or anything close to it would be catastrophic for not only the Canadian automotive industry, but for the economy as a whole," CADA said in its analysis. The average transaction price for vehicles sold in Canada was $38,374 in 2016 and a large percentage of the vehicles sold here are manufactured in U.S. assembly plants. Canadian car dealers now employ more people than vehicle, truck and parts manufacturing, which employed 134,000 people as of 2017. CADA represents about 3,000 new-vehicle dealers in Canada.

Auto industry touts strong sales, but tariff talk clouds picture

GM stopped reporting monthly sales at the end of the first quarter. But what does the future hold for the auto industry? Charlie Chesbrough, senior economist for Cox, said that could result in a 1-2 million unit "hit" to vehicle sales, and the potential for more. Augusto Amorim, senior manager for vehicle sales forecasts for the Americas at LMC Automotive in Troy, said that trend could change. "We expect the market to cool down a little bit in the second half of the year, mostly in fleet.




collected by :Catlin Logan