The Satyam fiasco, which rocked the IT industry, and the Tatas pulling out of the esteemed ‘Nano’ project from Singur last year, would in “no way” influence flow of Foreign Direct Investments (FDI) into India, a top official of luxury car maker Volvo Car India said.

India’s auto component makers will possibly see the benefits of the government’s stimulus package and the Reserve Bank of India’s (RBI) rate reductions only three or four months hence when their customers clear surplus inventory, officials said.

Suzuki Motor Corp will delay plans to introduce large-sized cars in 2010 and defer the start of overseas factories amid a sharp deterioration in the global auto market.

General Motors India, part of General Motors Group, has cut down on its production by up to 10% at its Halol plant in Gujarat and Talegaon in Maharashtra.

Reportedly, Maruti Suzuki, India’s largest passenger car maker considers a reduction in production if demand fails to improve due to a downturn in the economy and particularly in the automobile sector throughout the world.

Atul Auto, an automobile manufacturer has delayed its four-wheeler light commercial vehicle (LCV) project by one year due to the relentless slowdown.

Driven by the submissive sentiments prevailing in global auto industry, Hyundai Motor’s India unit has said it expects exports to descend by approximately 25% next year as demand decreases in global markets.

Japanese automobile major, Honda Motor Co plans to commence

The Indian arm of the Italian automobile major, Fiat India has delayed the launch of its sedan – Linea – by a month.

TVS Motors has decreased by 2% to Rs24.25, According to a report,