'Revision of the base year for both CPI and GDP are long overdue.' 'The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.' 'We have since seen the emergence of new sectors like platform-based work and online marketing.' 'The employment surveys and the consumption surveys need to reflect these adequately.'
Maruti Suzuki India (MSI) on Saturday reported 10.3 per cent decline in total sales in January at 1,02,416 units as against 1,14,205 units in the same month last year.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Maruti, Hyundai and General Motors posted negative results whereas Honda car sales zoomed in November.
Three months after its launch, Maruti Suzuki's multi-purpose vehicle, Eeco, has notched sales figures of over 7,000 units a month.
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
The company said sales in the compact segment comprising Swift, Estilo, Ritz declined by 1.2 per cent to 22,188 units in October this year as against 22,459 units in the same month in 2012.
Japanese small car major Suzuki on Thursday launched its fifth global model small car, which will be launched in India under "A-Star" brand by mid-November this year.
'How low GDP would have been, we don't know.' 'It raises serious questions because so many indicators are pointing to such a sharp decline and GDP estimates are still showing 4 per cent growth.'
The economy segment of India's car market is unlikely to revive soon term as inflation and prices prompt buyers to defer purchases. The share of entry-level cars in the passenger vehicle market dropped to the lowest in seven years at the end of the Financial Year 2021-22 (FY22). A recovery in the segment will be largely driven by the overall economic growth, improvement in income levels, and easing of semiconductor shortage, say carmakers and analysts.
A hatch back made by Volkswagen is the only safe car among best selling four wheeler.
Ahead of the peak festive season, India's passenger vehicle makers are staring at a cumulative order backlog of nearly 500,000 units as chip shortage continues to cripple production. The crisis is forcing companies to change their production plans frequently and take a call on the variants they can manufacture based on the availability of semiconductors. The booking numbers are not a true reflection of demand, said manufacturers.
Consumers buying vehicles in exchange for old ones in the used car market (1.1 million cars) prefer to stick to small cars in the A compact segment rather than moving up to bigger mid-sized cars.
With its SUV-style design and feature-packed interiors, the Kwid has many advantages, but Renault is taking no chances.
The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production. On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month. Toyota Kirloskar Motor said its dispatches in March were the highest in the last five years while Mahindra & Mahindra also reported a robust increase in its passenger vehicle dispatches in March.
Leading carmakers Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October on account of the global semiconductor shortage impacting production. Kia India, Honda Cars and MG Motor also saw a fall in dispatches last month as compared with October 2020. However, companies like Tata Motors, Mahindra, Nissan and Skoda managed to post positive numbers last month despite the supply chain challenges.
Company's sale to dealers hit an eight-month low to 6,924 units in January.
Maruti sold 191 units of SX4 sedan in January 2014.
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.
Reliance on a single model begins at about 40% and goes up to 80 % in case of some companies
Though Maruti Swift remains on top of the list, Hyundai Grand i10 is catching up Soon.
Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.
Powered by a 996cc engine, the transmission is a CVT unit that transfers power to the front wheels.
Insurance companies sell off inventory of flood-damaged vehicles to cut losses.
Maruti Udyog Ltd, India's biggest carmaker, said on Friday that its sales surged by a robust 38.4 per cent at 39,838 units in April 2004 over 28,793 units in the same month last year.
This is the first time in the last five years that an utility vehicle has featured in the top five list.
Call it the "Nano effect" but less than a month after Tata Motors displayed its competitively-priced small car at the Delhi auto show, prices in the 1.3-million used-car market crashed 15 to 30 per cent, if not more.
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
Auto makers step up efforts export cars and offset adverse impact of foreign exchange fluctuations.
The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported a 11.8 per cent increase in wholesales to 164,469 units in February. The company had sold 147,110 units in February last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales increased 11.8 per cent to 1,52,983 units last month, as against 1,36,849 units in February 2020, it added.
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
The festive season is the time when car manufacturers offer major discounts and freebies to lure customers and Hyundai has decided to cash in on the occasion with Eon.
Indrani was spiritedly telegraphing details of the jewellery from the back of the court...
Maruti Alto or Hyundai Eon? The comparison is here!
The month of October saw the sales graphs of carmakers go through the roof.
Hyundai Motor India, the country's second largest car maker, on Friday said its plan for launching a small car in the Indian auto-market is "well on course".
Nano, the small car from the Tatas, is projected to become India's second best selling car next year, according to market research firm JD Power.
Last week, rival and market leader Maruti Suzuki India had raised the prices of its various models, except Alto, by up to Rs 7,500 citing a sharp increase in input costs with immediate effect.
Meanwhile, the company on Wednesday launched an advanced version of its mid-sized Verna sedan, priced at Rs 6.56 lakh-Rs 9.22 lakh (ex showroom Delhi).
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