Similarly, Honda Cars India and Toyota Kirloskar Motor (TKM) sales dropped 51 per cent and 21 per cent, respectively.On August 23, Sitharaman had unveiled a slew of measures to boost investor sentiment and automotive interior and exterior molds prop up the banking and auto sectors."All this while, the industry has pulled out all the stops in offering attractive deals and discounts to the consumers."However, the ability of the industry to provide large discounts is limited and this only highlights the need for government to consider reducing the GST rates from 28 per cent to 18 per cent which would significantly reduce the cost of vehicles and, in turn, create demand," SIAM President Rajan Wadhera said in a statement.On Sunday, major companies such as Maruti Suzuki India, Hyundai, Mahindra Mahindra, Tata Motors and Honda reported a high double-digit de-growth in their sales in August.

The Society of Indian Automobile Manufacturers (SIAM) said even the commercial vehicle and two-wheeler sales are significantly negative indicating that the market has still not responded to the various measures initiated by the Finance Minister Nirmala Sitharaman last month.The consumer sentiment also continues to be low and there is clearly a trust deficit in lending money to the dealers, he added."The festival season is around the corner, it is imperative that these decisions are taken quickly and announced without delay so that the industry could hope for a better festival season that could harbinger a recovery in the industry," Wadhera said.There is also an urgent need to come out with an integrated incentive-based scrappage policy covering all segments of the automobile industry as promised by the FM, he added.

New Delhi: Auto industry body SIAM on Monday sought immediate steps from the government, including reduction in GST rates and initiation of scrappage policy, as sales continued to plummet with passenger vehicle makers witnessing a decline of 30 per cent offtake in August..Similarly, Mahindra Mahindra (MM) saw its domestic sales dip by 26 per cent to 33,564 units last month, compared to 45,373 units in August 2018.The series of announcements on credit availability and reducing the cost of credit that were made do not seem to have percolated down to the non-banking financial companies (NBFCs) which support the bulk of finance for the automotive industry, he added.While Maruti reported a 33 per cent drop in August sales at 1,06,413 units, sale of passenger vehicles by Tata Motors fell 58 per cent during the month under review

On some of the most inexpensive cars where automakers struggle to earn healthy profit, revenue generated from selling services to drivers over those computers could bring in extra revenue for automakers, Amon said..Qualcomm provides the chips for so-called infotainment systems as well as dashboard displays, but is also trying to fight its way into the market for self-driving car systems as they emerge.Qualcomm Inc expanded its lineup of car computing chips and broke them into tiers of different prices, similar to its chips for smartphones that power relatively budget-friendly handsets as well as premium models.5 billion, up slightly from the $5 billion Qualcomm officials disclosed last year.”Qualcomm also said it was working with Amazon Inc to offer more Amazon services through car computers. We are in the automotive market to stay.“We are going to have a tier of products for every single kind of car.

While some carmakers are already offering Amazon’s virtual assistant, Alexa, in their vehicles, Qualcomm and Amazon said they are working to put injection molds Manufacturers Amazon Music, Prime Video, Fire TV and Audible, Amazon’s audiobook business, on car computers powered by Qualcomm.In fending off a hostile takeover bid from Broadcom Inc last year, Qualcomm promised investors it would look to new markets like automobiles for future revenue growth.The reach into the automotive market is important for Qualcomm because its biggest chip market - mobile phones - is stagnating, though Qualcomm also said on Monday that the number of device makers working on 5G devices to be released in 2019 has grown to 30 from 20, with most of them smartphones. Amon said the intention is to provide a budget-friendly option to automakers so they can put more complex computing systems into ever-cheaper cars.

The effort became more critical after Chinese regulators scuttled Qualcomm’s planned $44 billion purchase of NXP Semiconductors NV last summer.The move competes directly with Apple Inc and Alphabet Inc’s Google, which have been wooing automakers to adopt software that lets the tech companies’ phones show up on a car computer’s main screen.Qualcomm President Cristiano Amon told Reuters in an interview ahead of the Consumer Electronics Show in Las Vegas that the company’s backlog of design wins - that is, instances where carmakers plan to include Qualcomm’s chip in future vehicles - has reached $5.Qualcomm will sell three levels of car computing platforms, from entry-level to expensive: Performance, Premiere and Paramount

5 per cent across industries.Ghose further said that "in the last few years India has seen good numbers in terms of salary increases, more than 11 per cent.4 per cent. China is expected to see a 6.Moreover, for key talent management, companies are resorting to various initiatives like career development, learning and development, international and functional mobility, leadership access among others.Sectors such as life sciences, professional services, chemicals, entertainment media, automotive and consumer products continue to project a double-digit salary increase for 2017. Meanwhile, key talent attrition increased from 7. However, the trend this year reflects a gradual slowing of pay increases and higher emphasis on productivity and performance ? quite literally a graying of salary budgets for India," Aon Hewitt India Partner Anandorup Ghose told reporters.

However they have taken a drop from their 2016 actual spends. The pay differentiation between the top and average performers has also increased and key talent is getting 1..The gradual slowing of pay increases over the last few years (from 15. This includes, and is not limited to Brexit, recent changes in the US government and the much talked about demonetisation," the survey that analysed data across over 1000 companies said. The overall attrition number for India at 16.The number has remained constant since 2015.3 per cent in 2015 to 12.HR consultancy Aon Hewitts annual Salary Increase survey projects a drop in pay increases to an average of 9.Despite the year-on-year decline in salary rise, India continues to lead the Asia Pacific region.4 per cent is one of the lowest in the emerging market segment."Political changes and economic headwinds have had an impact on business performance.1 per cent and Japan 2.New Delhi: Employees in India are expected to China low-pressure injection molds get an average salary hike of just 9. It was 10.2 per cent in 2016.

But over the the next few years we wont see and may be into the future we wont see the numbers going so high".8 times salary than that of an average performer.5 per cent this year, lower than last year, while top performers will get lucrative hikes as companies are focusing on performance.Organisations are increasingly focusing on performance and key talent."While its a marginal decrease from the 2016 spend, it reflects maturity that India Inc has displayed amidst global and Indian economic and political events.1 per cent in 2007 to the projected 9.3 per cent in 2016.5 per cent, Singapore 4.Meanwhile, overall attrition numbers are controlled, while key talent attrition has seen a significant increase.9 per cent increase in pay hike, Philippines 6 per cent, Malaysia 5.5 per cent in 2017), and higher emphasis on performance indicated the "graying" of salary budgets for India