Walk-ins 'very less' as approximately 40 per cent of 26,000 automobile dealerships resume work.
Analysts expect the 'pent-up demand' story to play out from the second quarter of the financial year 2021-22 (Q2FY22) as states unlock
Our top headlines Wednesday track the Indian economy
With number of cases declining, industry expects recovery in second quarter
The second wave of the Covid-19 pandemic has interrupted the sales momentum recorded by the automobile industry in Q3-Q4 FY21, India Ratings and Research (Ind-Ra) said on Tuesday
While most have resumed production, ramp up will be staggered one and will be a third of the levels in January and February
Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year, auto industry body SIAM said on Wednesday
Development derails the recovery that had begun in June 2020
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
The company had produced a total of 1,72,433 units in the year-ago period, Maruti Suzuki India said in a regulatory filing.
Its offering Bada Dost has helped in huge market share and volume gains
The situation was not very different globally
Raw material prices are hardening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year
An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs
Shares of Tata Motors on Tuesday jumped nearly 6 per cent after the company-owned Jaguar Land Rover reported a 12.4 per cent rise in retail sales to 1,23,483 units in the fourth quarter of 2020-21.
The decadal growth in the auto industry has now slowed from 12.8 per cent to 1.8 per cent, indicating there is a lot more to the slowdown
Companies sold a total of 18,615,588 of automobiles in FY21, lowest since FY15: Association.
The 5-seater premium SUV can be ordered online or through Citroen's dealership.
The booking for Triumph's middle-weight street bike started in November 2020 and it will be available in India roads after April 6
Cumulative sales in March at the top five two-wheeler makers soared 75% to 1,421,600 units during the month against 808,692 units a year ago