Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
Retail sales of passenger vehicles - largest component of the pie - jumped 11% in Oct
Here are the top news stories that made headlines today
Total sales across categories rose 4 per cent to 17,09,610 units in October, as against 16,38,832 units in the same month last year.
The company wants to be fully prepared in terms of network before new products are launched
Passenger vehicle sales fell around 20 per cent year-on-year in the April to October period, first seven months of this financial year
UV launches, steep festival discounts bolster sales
Overall, domestic passenger vehicle sales witnessed a marginal increase of 0.28% to 2,85,027 units in October
Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019
According to JLL data, total warehousing leasing stood at 24.1 million square feet during January-September
Car and auto component makers have cut thousands of jobs and halted some production
Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees
Maruti Suzuki India posted 36.14% decline in its August sales at 93,173 units
In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units
Sihag also took a swipe on the industry for calling it an unprecedented slowdown
Passenger vehicles sales in the country are set to fall for a tenth consecutive month in August.
FM Nirmala Sitharaman is expected to announce steps to revive India's economic growth. Catch all LIVE updates here
Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June
Total sales across categories declined by 6% to 1,654,535 units in July as against 1,759,219 units
Siam has raised an alarm, saying the prolonged slowdown has destroyed 15,000 jobs and, without an immediate intervention by the government, there will be more