While Hyundai Motor India reported a marginal growth, Toyota Kirloskar Motor witnessed a dip in sales last month.
While two-wheeler sales declined 22 per cent, two other segments, bigger in value while being lower in volume, were much less impacted.
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The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
The one common theme across companies that have rewarded shareholders is consumption.
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
A clutch of automakers including Maruti Suzuki, Hero MotoCorp, Mercedes Benz India, Eicher Motors, TVS Motor, and Isuzu Motors India announced they had got the clearance from the governments of the states they operate in to resume operations.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
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T N Ninan lists a few David-Goliath encounters in the Indian markets, all of which make life interesting, though difficult if you are an investor looking for the next multi-bagger.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
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The two-wheeler industry marked its first fall in 11 months in November with sales of 1.24 million reporting a fall of nearly six per cent compared to the same month last year
Schools closed for a day, crops damaged; more downpour on cards
Each year the nation is glued to its television screen as the country shows off its might at the Republic Day parade. However, it takes much practice with sessions starting 5 am, and dedication of the participating paramilitary jawans, other participants and behind-the-scenes helpers -- labourers, cleaners and security staff, among others -- who brave the relentless Delhi chill to make the parade a flawless spectacle.
Fuel price hike will impact demand going forward.
The total dividend income for seven firms grows 25%.
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The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
M&M also saw its domestic passenger vehicle sales grow by 1 per cent, while Toyota Kirloskar Motor witnessed a decline in its PV sales.
Naukri.com's Hiring Outlook Survey for 2020 reveals the jobs and sectors that saw a surge in demand during the pandemic.
The daughter of a tea-shop owner, Sudiksha Bhati died on Monday morning near Aurangabad when she was riding pillion on a motorcycle with her younger brother, a minor, they said. The two were en route to their maternal uncle's home in Bulandshahr's Khanpur area from their house at Deri Scanar village in Gautam Buddh Nagar's Dadri tehsil, the officials said.
Pawan Munjal, chairman and managing director of Hero MotoCorp, the country's biggest two-wheeler maker, leads the pack among automobile CEOs.
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
The Tiger XCx model is priced at Rs 13,76,000.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Maruti's sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno went up by 9.9% to 45,579 units
The domestic car sales volume of the company is also growing at 15%
An excerpt from Conde Nast India's Make In India magazine.
Maruti Suzuki India said its domestic sales rose 10.6 per cent in May.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
These consistent performers are expected to maintain momentum.
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