Page 9 - Automobile Sales

Covid-19: Two-wheeler sales hit top gear, but companies tread with caution

Top officials at two-wheeler makers said they have seen an encouraging response with a steady increase in inquiries and sales

Coronavirus impact: Royal Enfield reports sales of 91 units in April

The company suspended operations and production across its factories, technology centres in India and UK, all company offices and dealerships in the country starting March 23, 2020

Top headlines: 1,200 migrants leave Telangana by special train, and more

Business Standard brings to you a snapshot of stories that made to the headlines

Dealers knock at the Prime Minister's door as automobile sector hits snag

For the last 15 months, the auto industry has already been under an unexpected severe slowdown

Coronavirus lockdown: Auto volumes hit slow gear, could witness 50% decline

While sales of passenger vehicles and two-wheelers were expected to fall 40-50 per cent, sales of commercial vehicles are expected to dip 70-90 per cent.

BS-VI transition, production cuts, slowdown hurt Feb auto sales: Experts

Automobile major Maruti Suzuki India reported a 1.1% YoY fall in its total sales in February at 1,47,110 units

Auto sales continue to slide in Dec, likely to remain subdued for some time

With total sales of 133,296 passenger vehicles, the country's leading carmaker Maruti Suzuki India recorded 2.4 per cent year-on-year rise in car sales during December

Cars to get pricier in new year: Maruti announces price hike amid slowdown

Primary steel producers in the domestic market have raised product prices by 2.5 to 3 per cent for December to address margin compression and in anticipation of a demand pick-up

Auto sector may spend Rs 17,000 cr on capex till FY21 despite slowdown

Projected capex will largely be towards BSVI transition, international expansion

Maruti to bring BS-6 petrol version of Brezza, S-Cross before April 1

The official said auto manufacturers will have to wait for another two-three months to say if the country's automobile industry has come out of slowdown.

Auto slowdown: Component makers, vehicle manufacturers differ on recovery

Passenger vehicle sales fell around 20 per cent year-on-year in the April to October period, first seven months of this financial year

Despite heavy discounts, festive season fail to drive up vehicle sales

According to reports, discounts offered were 10-25 per cent on sticker prices, depending on the model

Auto sales growth outlook revised to 5-7% for FY20, says report

The auto sales in the same period last year registered a double-digit growth at 14.5 per cent

Ola, Uber not 'strong factor' in auto sector slowdown: Maruti Suzuki

Ownership pattern in India still has not changed and people purchase cars with an "aspirational aspect", MSI Executive Director (Marketing and Sales) Shashank Srivastava said in an interview

Auto crisis: Wholesale numbers may take a back seat amid rising inventory

So far, auto firms have been reporting monthly despatches on the first of the following month

Yes, there is a downturn in auto sector but who should do the fixing?

Instead of industry asking the government to address the income effect, the government should ask the industry to address the substitution effect

Let equity markets worry about cars, bond investors have eyes on the road

Like its bigger neighboring economy, Indonesia, too, is hungry for capital that would create jobs for its teeming youth population

Slowdowns are the nurseries of capitalism, says Asha Ram Sihag

Sihag also took a swipe on the industry for calling it an unprecedented slowdown

Motown crisis: Spectre of job losses hangs over Gurugram, Manesar auto belt

More than a dozen factories have shut shop in past one year and job losses are estimated to be between 30,000 and 50,000

Motown crisis: Deafening silence at Pimpri-Chinchwad's auto parts units

The first of a 3-part series captures how declining sales and job losses have hit companies in Pimpri-Chinchwad, an automobile hub bordering Pune