Auto Demand

Growth in personal loans accelerated to 20.4 per cent annually in January 2023 largely driven by housing' and vehicle loans', according to data released by the Reserve Bank on Tuesday. The growth in the personal loans segment was 12.8 per cent in January 2022. The data on sectoral development of bank credit in January 2023 showed that the personal loan outstanding on January 27, 2023, was Rs 39.59 lakh crore as against 32.87 lakh crore in a year ago. Data further revealed that housing loan outstanding was Rs 18.88 lakh crore in January this year as against Rs 16.36 lakh crore a year ago. The loan outstanding in the vehicle segment was nearly Rs 5 lakh crore in January 2023 against Rs 3.95 lakh crore in January 2022. On a year-on-year (y-o-y) basis, non-food bank credit registered a growth of 16.7 per cent in January 2023 as compared with 8.3 per cent a year ago. Credit growth to agriculture and allied activities improved to 14.4 per cent (y-o-y) in January 2023 from 10.4 per cent

The company said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures

Global auto Tier-1 firms already have 50,000-55,000 software engineers working in India, OEMs have another 25,000

Bengaluru is estimated to have about 200,000 autorickshaws out of which around 100,000 offer services through ride-hailing platforms

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

In Q4FY22, Bajaj Auto recorded a net profit of Rs 1,468.95 crore, up over 250 crores from the Q3FY22

Ola Electric's registration figures have fallen by 33 per cent on the last day of June compared to the last day of May

Expects no demand let-up; targets production ramp-up in Q4

Auto sales are among data closely watched by analysts for clues on how quickly Japan's output and consumption can recover from last year's pandemic-induced slump

The Indian automotive industry is driving into 2022 with a positive mindset in its quest to reach the pre-pandemic levels of sales volume, having built a solid foundation in 2021

'In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles,' says SIAM director

At present, the company sells electric SUV 'ZS EV' which is available in two variants

Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..

Automobile sales have been affected in the last two years due to the spread of the COVID-19 pandemic, said the Ministry of Heavy Industries in a written reply in Lok Sabha on Tuesday."Sales of automobiles have been affected in the last two years due to the spread of the Covid-19 virus in the country. Production and sales of automobiles have been impacted due to lockdown imposed to contain the spread of the infection," the ministry said.This came after Chellakumar (MP) asked the ministry whether manufacturing of automobiles has been reduced and the automobiles sales have also declined due to the spread of the COVID-19 virus in the country.In a written reply to the measures being taken by the Government to tackle this situation, the ministry said, "The Government, as a policymaker, always attempts to sustain and improve the momentum of the economy through a package of measures for comprehensive and continued development of the sector.""The Government has notified the Production Linked ..

Japan's Suzuki Motor Corporation on Thursday said it expects its automobile sales in India to decline 6 per cent year-on-year and has cut its overall global sales forecast for the ongoing fiscal

Total revenue from operations during the quarter stood at Rs 2,249.56 crore as against Rs 2,133.6 crore in the year-ago period

But even in a seller's market, some tricks like selling your car instead of exchanging it, and buying a less popular colour, can help you save money