Reverse Gear: August auto sales slump 23.55%
The industry which is suffering from high GST rate and lack of adequate liquidity had recorded a slump of 18.71 per cent in July, the highest monthly sales de-growth in the last 19 years.
Sep 09, 2019, 12:26 PM IST
Centre sensitive to slowdown in auto sector: Maruti CEO
According to Maruti Suzuki Chief Executive Kenichi Ayukawa, the government is sensitive to the implications of the auto sector slowdown and is taking steps to reverse it.
Sep 05, 2019, 14:38 PM IST
Double whammy for auto sector as July exports dip
According to the Engineering Export Promotion Council (EEPC) of India analysis, the export market for auto manufacturers, along with their component vendors, has been depressed, in-sync with other key engineering export items from the country.
Sep 05, 2019, 12:41 PM IST
Auto industry value chain pins hopes on healthy festive sales
The automobile industry value chain includes parts manufacturers, OEMs, dealerships and workshops. The entire value chain is one of the largest employers in the country and has a substantial contribution to the country's GDP.
Sep 05, 2019, 12:38 PM IST
Govt to award construction work worth Rs 5 lakh crore to boost auto sector: Nitin Gadkari
Speaking at the 59th SIAM Annual Convention, Gadkari said that the Finance minister is trying to resolve the difficulties and issues faced by the auto industry.
Sep 05, 2019, 12:25 PM IST
Will make recommendation to FM to lower taxes on fuel to help Auto Industry: Nitin Gadkari
Nitin Gadkari also acknowledged that the auto sector is going through a slowdown and said it has impacted nation’s overall progress.
Sep 05, 2019, 11:46 AM IST
SBI extends credit period for auto dealers by 15-30 days
The auto sector is the worst-hit sector in the current slowdown and apart from huge inventory build-up, the companies are resorting to production shutdowns to cope up with poor sales.
Aug 19, 2019, 09:54 AM IST
Passenger car sales decline by 35.95% in July: SIAM
Motorcycle sales decline by 18.88 percent and that of scooters declined by 12.10 percent.
Aug 13, 2019, 11:46 AM IST
Liquidity constraints, high interest cost subdue July auto sales
Automobile major Maruti Suzuki India's overall sales including exports for July declined 33.5 per cent to 109,264 units from 164,369 units' off-take recorded during the corresponding period of the last financial year.
Aug 02, 2019, 12:52 PM IST
Automobile sales down 7.5% in May, PV sales decline 1%: FADA
Two-wheeler sales declined by 8.6 percent to 14,07,361 units last month as compared with 15,40,377 units in the year-ago period.
Jun 14, 2019, 15:10 PM IST
Tata Motors, M&M, Toyota report dip in April sales; 10th month of slowdown
In the two wheeler segment, Bajaj Auto said its domestic motorcycle sales were up 2.5 percent at 2,05,875 units in April as against 2,00,742 units in the year-ago month.
May 03, 2019, 09:49 AM IST
Maruti Suzuki India posts marginal decline in July sales at 1,64,369 units
Domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in the year ago month, it added.
Aug 01, 2018, 12:11 PM IST
Car sales down 5.32%; passenger vehicles dip marginally in Oct
Motorcycle sales last month declined by 3.50 per cent to 11,04,498 units compared to 11,44,512 units in October 2016.
Nov 10, 2017, 11:19 AM IST
Auto sales improve in August; Maruti, Hyundai, Tata Motors post robust sales
Automobile manufacturers led by Maruti Suzuki posted robust passenger vehicles (PV) sales growth in August riding on strong consumer sentiment ahead of the festive season.
Sep 01, 2017, 17:58 PM IST
Post GST price cuts, auto makers report strong sales in July
Major automobile makers on Tuesday reported robust sales growth across segments driven by price reductions and restocking of vehicles at dealerships post GST implementation.
Aug 01, 2017, 19:59 PM IST
Maruti, Hyundai clock record yearly sales in 2016-17
Leading automakers Maruti Suzuki India (MSI), Hyundai Motor India reported record annual sales for the fiscal ended March 31, driven by new models and robust demand for existing products.
Apr 01, 2017, 22:42 PM IST
Auto sales report: Mercedes retains top slot despite marginal fall in sales
In spite of a marginal fall in sales due to ban on diesel vehicles for most of the year and demonetisation, world's largest luxury carmaker Mercedes could retain its foothold in domestic market for the second year in a row by selling over 13,000 units in 2016.
Jan 10, 2017, 12:38 PM IST
Domestic car sales moves to top gear in October led by Maruti, Hyundai
Riding on peak festive season purchases, domestic car sales moved to top gear in October led by market leader Maruti Suzuki, Hyundai and Tata Motors, which posted strong numbers.
Nov 01, 2016, 18:34 PM IST
Maruti, Hyundai, M&M domestic sales jump around 10% in May
Automobile majors Maruti Suzuki, Hyundai and Mahindra & Mahindra Wednesday reported double digit growth in their passenger vehicles sales in May riding on new models and better consumer sentiments in expectations of a good monsoon.
Jun 01, 2016, 19:21 PM IST
Sensex sinks 104 points in early trade on weak global cues
Stocks of metal, infrastructure, auto, consumer durables, technology and banking were trading in the negative zone with losses up to 0.90 percent.
May 04, 2016, 10:17 AM IST
