The green carpet has been rolled out, and everyone's looking good!
Vehicle sales across categories registered an increase of 4.99 per cent to 15,23,693 units from 14,51,263 units in February 2013.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
The dynamics are changing as the sales pick up.
The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.
Maruti will showcase its first concept electric vehicle, the e-SURVIVOR; M&M it's six new EVs, including two futuristic concepts
Domestic passenger car sales rose by 9.62 per cent to 1,77,604 units in July as against 1,62,022 units in the same month last year.
The broader NSE Nifty ended 57 points, or 0.49 per cent, lower at 11,498.90 in its fourth straight day of losses.
Domestic passenger car sales declined by 9 per cent to 1,39,632 units in June this year from 1,53,450 units in the same month of 2012.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
Maruti Suzuki India's grip on the country's car market tightened in October with six of its models, including the newly launched mid-sized sedan Ciaz, featuring in the top 10 selling brands in the month.
Sales of commercial vehicles were down by 24 per cent to 43,080 units in April, SIAM said.
Car sales in India fell for the second consecutive fiscal in 2013-14 with a drop of 4.65 per cent as the auto industry continued to struggle with demand slump.
Sales of commercial vehicles were up 12.73%.
Total sales of commercial vehicles were down by 26.95 per cent to 51,680 units from 70,746 units in the year-ago period, SIAM said.
The government on Tuesday expressed concern over reports that automobile manufacturers are selling vehicles with purposefully downgraded safety standards in India and asked them to stop the 'unpardonable' practice. Speaking at a seminar on implementation of vehicle location tracking devices in order to enhance the safety on road, organised by auto industry body SIAM, Ministry of Road Transport and Highways (MoRTH) secretary Giridhar Aramane also noted that only a few manufacturers have adopted vehicle safety ratings system and that too used only for their high-end models.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
With car sales in India falling for a record ninth month in a row in July posting 7.4 per cent decline and that of heavy and medium commercial vehicles dipping for 17th month in succession, industry body SIAM said on Monday auto sector has started retrenching temporary workers.
Sales of commercial vehicles were up 5.63 per cent to 56,032 units in June, SIAM said.
According to the data released by the Society of Indian Automobile Manufacturers, motorcycle sales in last month grew by 18.05 per cent to 11,05,103 units from 9,36,122 in the same month previous year.
Indian two-wheeler majors Hero MotoCorp and Bajaj Auto are the biggest beneficiaries of this surge and, between the two, they are estimated to control about half of the local market there
The key rate cut by RBI is too little to have any major positive impact on demand for automobiles but it is still a move in the right direction, according to the industry players.
The muted expectation of dealers come at a time when vehicle manufacturers such as Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra and others reported a double-digit fall in wholesale dispatches to dealerships in July and August.
Here are the four most eye-catching offers from some of the most prominent brands.
The move is to avoid a clash with the Detroit Auto Show and unavailability of Pragati Maidan.
India's favourite Maruti Suzuki has captured the top four slots on the list.
Sophie Devine celebrated her return to the limited-overs format with a maiden century as last year's runner-up New Zealand thrashed South Africa by 150 runs in their opening Group 'B' match of the ICC Women's World Cup in Cuttack.
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
The coming festive season is unlikely to bring cheer for the automobile companies. Leading manufacturers said on they did not expect consumer demand to rev up sales substantially this October, due to uncertainties over increasing lending rates and fuel prices.
Domestic car sales declined 157,536 units in September 2012 compared to 166,464 units in the same month last year.
India on Sunday announced temporary suspension of e-visa facility for Chinese travellers and foreigners residing in the neighbouring country and issued a fresh advisory saying anyone with travel history to China since January 15 can be quarantined.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Mopeds are sought by people with smaller businesses, with their weight-carrying and haulage ability beside being lighter and easy to manoeuvre in traffic.
Companies sold 173,420 units in Jan compared to 198,079 units in the same month a year back.
Domestic passenger car sales jumped by 6.7 per cent to 1,43,496 units in July 2012 compared to 1,34,473 units in the same month in 2011.
Sales of commercial vehicles were down by 13 per cent to 62,786 units from 72,166 units in the same period in 2011, Society of Indian Automobile Manufacturers said.
The total two-wheeler sales in June rose 12.99 per cent to 12,61,589 units.
The Centre for Science and Environment has demanded an additional duty of up to Rs 1.62 lakh on big diesel cars to prevent the misuse of subsidized fuel for luxury.
