There are "grave implications" of the current economic downturn for 1.5 million people of Indian origin working and living in Britain,
according to the Indian Workers Association (IWA).

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Economic Times

After seven consecutive years of good growth, auto component majors have begun cutting production by over 25-30%. The move is expected to
impact the bottomlines of the industry, which is facing a bleak future because of output cuts by major automobile companies.
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Economic Times

Tata Motors, India’s largest commercial vehicle maker, is shedding up to 3,000 temporary jobs at its Pune factory, weeks after its
decision to cut production and dismiss a similar number of temporary workers at its Jamshedpur plant. The latest cuts could take the overall layoffs to around 6,000 workers.
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Economic Times

Car market leader Maruti Suzuki has launched world strategic model A-Star in the Orange City.

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Economic Times

First it was discounts and freebies. Then came production cuts. But sensing that these may not be enough to push sales and keep them in
profit zone, auto makers and ancillary units have now launched an all-out war on costs, be it perks, travel or fun. While some of the leading players have limited air travel to senior executives (and that too in economy class), for some others it means lower daily allowance. Almost everyone has put a freeze on fresh recruitment and foreign training. All this is in addition to regular cost-cutting measures like reduction in entertainment allowance, stationery expenses and, of course, layoffs.
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Economic Times

The Planning Commission has recommended the government to allow oil companies to charge market-determined prices for petrol and diesel
and devise a transparent mechanism to subsidise cooking fuels to the poor.
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Economic Times

The Indian automobile industry, which has been undergoing a downhill drive, today decried the government's recent decision to impose India's best selling pre-owned cars


restrictions on import of critical components saying it was akin to returning to the 'licence-raj' period.
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Economic Times

Jaguar Land Rover (JLR) has confirmed it is in talks with the government for a £1 bn loan to support investments in carbon reduction
technology and stimulate demand.
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Economic Times

Tata motors is feeling the heat of slowing demand. It has decided to keep its Jamshedpur plant closed for three days from November 6 t
o 8. At the same time, UK-based Jaguar Land Rover (JLR) said it was extending its voluntary redundancy offer scheme to eliminate 400 more jobs.
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Economic Times

General Motors India, subsidiary of General Motors Corp, USA, on Wednesday announced that it will be introducing two car models by next year
.
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Economic Times