Revenue from convenience fees has grown at a compound annual rate of 85 per cent for multiplex chain operator Inox Leisure and 58 per cent for PVR.
India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020.
Domestic passenger car sales increased by 16.34 per cent at 92,383 units in October this year as compared to 79,407 units in the same month last year.
Total sale of vehicles across all categories increased 44.94 per cent to 11,14,157 units in January.
Two-wheeler exports from India have decreased by 20 per cent year-on-year (Y-o-Y) to 1.69 million units in the first half (H1) of 2023-24 (FY24) due to a challenging geopolitical situation and foreign exchange (forex) crises in key markets such as South Asia, industry body Society of Indian Automobile Manufacturers (Siam) said on Monday. On the other hand, passenger vehicle (PV) exports in H1FY24 increased by 5 per cent to 336,754 units because the key markets are much more diversified worldwide, Vinod Aggarwal, president, Siam, told reporters during a press conference. The Russia-Ukraine war, which started in February 2022, has brought significant instability to global fuel prices.
'Pandemic has triggered interest and awareness among the people about the need for healthcare.'
The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August, riding on improved supplies of semiconductors and festive demand, according to the Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 281,210 units last month, against 232,224 units in August 2021. Passenger car wholesales were up 23 per cent at 133,477 units last month, as against 108,508 units in the year-ago period, SIAM said.
Korean automaker Hyundai Motor Group (HMG) is vigorously aiming to establish a robust presence in India's electric vehicle (EV) segment through the introduction of new models and the establishment of charging stations under Hyundai Motor India (HMIL) and Kia India. Euisun Chung, executive chairman of HMG, who is currently visiting India, urged both companies to deliver products that not only meet but exceed customer expectations on time, thus driving the achievement of these growth targets. The group is strategically working to elevate Kia's market share from the current 6.7 per cent to an impressive 10 per cent in India in the near future.
Passenger car sales in the country, already witnessing a slowdown, may get further bogged down in case of a hike in fuel prices or hardening of interest rates, credit rating agency ICRA has warned.
The holiday season on the New Year eve, regarded as the busiest for car dealers in the Capital turned to be a damp squib as most of them mulled plans to either shut down their business in view of drastic fall in sales.
Domestic passenger car sales have recorded a 20.61 per cent increase at 1,29,683 units in September from 1,07,517 units in the same month last year.
While two-wheeler sales are down 15 per cent year-on-year, passenger vehicles sales are lower by 5-7 per cent.
Domestic car sales went up by 15.89 per cent during December 2002 as auto-makers like Maruti, Hyundai, Tata Engineering and Honda witnessed increased demand during the month.
During May, Maruti Suzuki's domestic car sales were up 2.59 per cent at 87,402 units as against 85,190 units in the same month last year.
Healthy sales of passenger cars, motorcycles and commercial vehicles enabled Indian automobile industry to grow 15.9 per cent at 78,96,475 units in the domestic market in the fiscal ending March 31, 2005.
According to Society of India Automobile Manufacturers, the passenger car segment is now likely to grow by 9-11 per cent in 2012-13, instead of 10-12 per cent as projected three months earlier.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
According to figures released by the Society of Indian Automobile Manufacturers on Monday, motorcycle sales in the country grew by 19.92 per cent during the month to 9,33,465 units from 7,78,351 units in the corresponding month last year.
Accelerated by top three automakers -- Maruti, Hyundai and Tata Motors -- the car sales posted a phenomenal 73.1 per cent rise in February, promising an impressive performance during 2003-04.
Indian passenger car sales fell by 22.7 per cent in February to 37,446 units, down from 48,444 units in the same month last year, the Society of Indian Automobile Manufacturers said on Wednesday.\n\n\n\n
Car sales went up by an 18 per cent in July 2004 for the fourth consecutive month this fiscal buoyed by Maruti, Hyundai and Tata Motors.
Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
The domestic car sales surged by 41.3 per cent in November to 58,166 units from 41,146 units in the same month last year.
Passenger car sales rose 9.7 per cent in the domestic market in September to 77,411 units against 70,507 units in the same month last year.
Total sales of vehicles across categories registered 21.32 per cent growth to 13,70,932 units in February, 2011.
Most of the auto major put in a commendable show except for Hyundai which saw its net dipping 17.7 per cent.
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.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
The domestic car sales rose by 36.5 per cent in December as nine out of 11 carmakers recorded more demand due to lower prices after a budgetary cut in excise, cheap finance schemes and announcements of price hike in January.
According to figures released by the Society of Indian Automobile Manufacturers on Tuesday, motorcycle sales grew 6.58 per cent during the month to 8,79,713 units from 8,25,388 units in the same month last year.
In the coming weeks, online retailers are expected to further raise the pitch with shopping festivals, discounts, and cashback offers.
Propelled by Maruti, Hyundai and Tata Motors, car sales surged by 12.8 per cent in September 2003 as customers reaped benefits of low interest loans and budgetary cut in excise.
The domestic car sales rose by a modest 6.7 per cent in August 2003 as market leader Maruti, Fiat and Hindustan Motors suffered a decline even as Hyundai and Tata Motors improved their performance.
Car sales surged by 31.2 per cent in October 2004 for the seventh consecutive month this fiscal spurred by low interest rates and launch of a spate of new models.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
Tata Motors ended the year selling 21,012 Nanos, up from 16,901 in FY15.
Automobile makers in India are embracing taxi-hailing apps such as Uber and Ola, hoping to ride on their expansion to sell more cars, a contrarian view to companies in Western markets that fear a drop in car sales due to them
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
