After a very weak December quarter and a poor year-to-date fiscal year volumes-when sales plunged to the lowest in nine years, the signs in the first 15 days of January haven't been encouraging either. "Though the severity of the current wave is not as high as the previous one, it has hit the sentiments hard impacting conversion of enquiries into sales," said Vinkesh Gulati, president, Federation of Automobile Dealers Association (FADA).
A stake sale of Reliance's real estate portfolio would help it raise anything between $1-5 billion and could be one of the triggers for the company's shares to break out.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
Rajesh Karkera and Hitesh Harisinghani spotted these beauties at the Auto Expo 2018
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
Higher costs of car inventories, missing sales targets and manufacturer expectations, and soaring rentals, are eating into dealers' margins.
The impact of the collision was such that the patrolling vehicle overturned, skid for 10-15 feet and Head Constable Wazir Singh, 50, got stuck inside the vehicle, an officer said.
A car that gives you a better resale value will reduce the cost of your next purchase, points out Bindisha Sarang.
How does Honda CB Unicorn 160 fare against its rivals? MotorOctane.com weighs in.
Take out Maruti Suzuki and Honda, and the auto sector's prospects suddenly don't look all that rosy.
The car has impressive mileage and is extremely spacious.
India has a history of jugaad, and retrofitting vehicles is one such manifestation of the legendary Indian skill. Not so long ago autorickshaws and small Marutis used to strap on subsidised LPG cylinders and power themselves to a cheap ride. There were the odd explosions, lives were lost, but the jugaad continued. Then compressed natural gas (CNG) was introduced in Delhi following a court order. Initially, customised CNG kits were fitted to conventional (internal combustion engine or ICE) autos cheaply, enabling commuting at less than half of what you would cough up for diesel. The industry is better organised now with Suzuki and Hyundai designing CNG-fired vehicles, and Mahindra and TVS manufacturing liquefied petroleum gas (LPG)-powered three wheelers.
With the new Verna, Hyundai takes on Honda. Beating the Honda City is something the country's second-largest car maker has taken upon itself with its new launch. Will it succeed?
'It has taken us 15 years to get to where we are. It obviously doesn't happen overnight.'
The new entrant beats competition for the features it offers.
Through a combination of local manufacture and imported CBU models, the company makes and sells four SUVs, one hatchback, and one sedan.
Maruti Udyog Ltd reported on Thursday a 61.6 per cent increase in domestic vehicle sales during February at 59,095 units as against 36,608 units in the same month last year.
Apart from them, consignments of 11 top importers, including LG, Samsung, Toyota, Honda, and Siemens, will also be allowed entry, relieving them of the 100 per cent inspection rule.
Hyundai's first made for India compact sedan will be available in both petrol and diesel engines.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
For the longest time the Polo GT had no real competition in terms of its build quality and product positioning. Until now, says Pavan Lall.
Rediff.com's Rajesh Karkera and Hitesh Harisinghani bring you all the exclusive action from Greater Noida.
And just what were these cool guys discussing?
The Ayanagar weather station recorded 122.8 mm between 8.30 am on Wednesday and 8.30 am on Thursday, which was 11 times the normal rainfall.
Claiming 'right to be forgotten', reality show celebrity Ashutosh Kaushik on Thursday sought a direction from the Delhi high court to the Centre and Google that some of his videos, photos and articles be removed from various online platforms as they have a "detrimental effect" on his life.
Media reports said the "Kentucky Kid", who won the MotoGP championship on a Honda in 2006, is in a serious condition.
Max Verstappen believes he can thwart Lewis Hamilton's bid for a seventh Formula One title this season if Red Bull give him the tools to do the job. Hamilton, 35, is chasing several records this season including Michael Schumacher's 91 race wins and seven titles, and has won five of the last six championships with dominant Mercedes.
Former MotoGP champion Nicky Hayden died five days after the American was hit by a car while cycling in eastern Italy, his Honda World Superbike team said.
At a price starting from Rs 849,000 and going up to Rs 12.14 lakh, the XUV300 competes with the Maruti Brezza, Tata Nexon, Ford EcoSport, and Honda WR-V.
Vehicles would be able to offer advice during challenging driving or parking situations, while also providing company to drivers on long, solitary trips
Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.
The Dutchman stopped Hamilton from winning an eighth title with a gutsy turn in the final lap.
Three of the most popular automatic compact cars are Maruti Ritz, Honda Brio and Hyundai i10.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
Car makers are either tweaking their existing engines or developing new powertrains to attain maximum mileage numbers and attract more buyers.
With Ro Khanna defeating eight-term incumbent Mike Honda, for the first time in history the Indian Diaspora has three of its own in the US Congress.
Hyundai sold 6,054 units of the new Verna in September, against 6,010 units of the Honda City and 5,603 units of the Maruti Ciaz.
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
Former MotoGP champion Nicky Hayden spent a second day in intensive care on Thursday after colliding with a car while cycling in eastern Italy.
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