As India is progressing towards Bharat Stage IV (BSIV) emission norms, most cars still run under BSIII standard.
Automobile industry body SIAM on Monday lowered its vehicle sales growth forecast for FY'12 to 11-13 per cent from 12-15 per cent announced three months earlier, mainly due to higher interest rates and rising fuel prices.
Total sales of vehicles across categories registered a fall of 7.76 per cent to 14,86,522 units in March 2013 against 16,11,525 units in the same month of 2012, it added.
The BS IV fuels mean less pollution and better mileage for vehicles.
A slowdown in the automobile industry is set to reverse by the year-end. The slowdown, which is cyclical in nature and occurs after every seven years, should come to an end in the next three months, according to the Society of Indian Automobile Manufacturers (SIAM), the country's apex automobile body.
According to the figures released by the Society of Indian Automobile Manufacturers, total exports from the country stood at 23,39,333 units in last fiscal compared to 18,04,426 units in the year-ago period.
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
Industry analysts say the display of mileage data will help buyers take informed decisions. "Studies conducted by us reveal this fact. Customers who were over-promised on mileage developed dissatisfaction that was four times higher than customers who were promised the actual mileage. So, the resultant transparency actually boosts the brand image of the car manufacturer," said Mohit Arora, senior director of Singapore-based JD Power and Associates.
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.
Passenger vehicle wholesales in India rose 29 per cent to 291,113 units in October aided by robust demand in the festive season, the Society of Indian Automobile Manufacturers (SIAM) said on Friday. Total passenger vehicle dispatches from companies to dealers were 226,353 units in October 2021. Total two-wheeler dispatches last month increased 2 per cent to 15,77,694 units as compared to October 2021.
The Society of Indian Automobile Manufacturers will shortly setup Asia's first 'online university' to cater to the education needs of the booming automobile sector fraternity.
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.
After cashing out of the recent stock market rally, investors aren't ploughing their money into just initial public offerings (IPOs), bonds or real estate. The feel-good factor has prompted many of them to splurge on luxury cars, exclusive holidays and designer brands.
Union Minister Nitin Gadkari on Tuesday launched the country's first crash testing programme Bharat NCAP aimed at improving road safety standards of motor vehicles up to 3.5 tonnes. Bharat New Car Assessment Programme (Bharat NCAP) is India's own crash testing programme and is cheaper than tests conducted abroad, Gadkari said, adding that the star ratings will help buyers understand the quality of the product and make an informed purchase decision. Bharat NCAP will be implemented from October 1, 2023.
According to the data release by the Society of Indian Automobile Manufacturers, car sales surged by 25 per cent in June 2004 over the same month last year. Take the Rediff Business Quiz and find out how much you know about the automobile sector.
The dynamics are changing as the sales pick up.
He said over ten global launches and a total 50 new launches, which includes variants of different existing models, will be held during the expo.
Govt will save Rs 30,000 cr in fuel by giving Rs 14,000 cr subsidy to industry for making electric vehicles.
The industry had witnessed a total sales of 12,63,293 units in August this year.
August 2010 proved to be a good month for most auto manufacturers.
The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.
Automobile companies have reported the highest ever monthly sales in India.
Automobile sales in January dropped 7.45 per cent, compared to the same month in 2008. Despite the decline, it is the first indication that the fall in sales, which occurred between October-December 2008, could be bottoming out and many hope for a recovery in February or March.
As per SIAM data, the total sales of vehicles across categories registered a decline of 5.45 per cent at 14,51,278 units in February 2013 as against 15,34,910 units in the same month of 2012.
Domestic passenger car sales jumped by 39.48 per cent to 1,43,976 units in April. The figure for the corresponding month of the last year was 1,03,227 units.
Auto sales fall 18 per cent in November.
Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year.
Weak consumer sentiment, triggered by high interest rates and fuel prices, to blame.
According to Oil Ministry sources, price hike of diesel is being considered as the government scrambles to find ways to meet an unprecedented Rs 160,000 crore (Rs 1,600 billion) deficit expected this fiscal on selling diesel, cooking gas and kerosene below their production cost.
Total sale of vehicles across categories registered a growth of 13.22 per cent to 16,98,138 units in May 2014 as against 14,99,893 units in the same month a year ago, it added.
Here are the four most eye-catching offers from some of the most prominent brands.
One reason for the upward revision in the forecast comes from the surprise growth of 9.45 per cent notched by the industry since the beginning of this year.
Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments.
After rolling out five compressed natural gas models last year, India's largest passenger car maker, Maruti Suzuki India Ltd, is mulling a CNG platform for all its makes.
The BS-IV emission norms will come into force from April 1, 2017.
Managing director of Ashok Leyland R Seshasayee was elected CII president while Sunil Bharti Mittal of Bharti Telecom became the vice president on Wednesday.
According to the figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during the month was up by 7.39 per cent at 5,13,209 units, against 4,77,901 units a year ago. Total two-wheeler sales in May went up by 6.99 per cent at 6,47,358 units, compared to 6,05,014 units in the same month last year.
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