Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
Ratan Tata-promoted Electrodrive Powertrain Solutions or Electra EV has raised USD 25 million in equity capital from GEF Capital for a minority stake. The Tata Group patriarch set up Electra EV in 2017 and the company designs, manufactures and supplies EV powertrains systems across passenger and commercial vehicle segments. It also has products for the agriculture and off-highway segments.
While two-wheeler sales declined 22 per cent, two other segments, bigger in value while being lower in volume, were much less impacted.
Its production declined for the third consecutive year in financial year 2020-21 (FY21) to an 11-year low, while sales volume contracted for the second year to the lowest since FY15. The company manufactured around 1.08 million vehicles last fiscal, a decline from 1.17 million the previous year, and a steeper fall from its all-time high tally of 1.62 million reported in FY18.
Auto loan costs remain stubbornly high.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
Paris-based international advisory firm Mazars predicts four per cent growth in India's automobile sector this financial year.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Almost every company launched a new product in FY16.
The 800cc five-speed manual transmission comes with a fuel economy of 25.17 kmpl
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
For players like Toyota Kirloskar and Ford, the contribution of UVs to overall sales is now well over 60%.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
The total allocation for the road sector has been Rs 97,000 crore.
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
Increase in taxes on luxury cars will not have any effect on the demand
Ola Electric will roll out its complete offering of electric scooters and motorcycles in each segment of the market - premium, mass premium, and economical - in the next 12 months in a bid to push for a near-full conversion of the two-wheeler market to electric in three years. According to Bhavish Aggarwal, founder and CEO of Ola Electric, "ICE (internal combustion engine) products will fall off a cliff." He also says the company is aiming to become profitable next year.
Tata Motors shares fall 2%; m-cap erodes by Rs 5,521 cr.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official. The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.
'India's economy faces further downside risks from sluggish private investment and rural demand weakened by slow wage growth.'
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
Hyundai, has a share of about 16% and grew sales by less than 4% in April- May 2017-18
M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr
Facing capacity constraint, firm is yet to take a call on setting up a new manufacturing unit in India.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
The civil aviation ministry has mandated airlines and ground-handling companies to phase out airport equipment older than 12 years and switch to electric or fuel-efficient variants by May 2022. While companies have welcomed the ministry's green initiative, they said that the deadline for implementation is tight. This is especially in the wake of financial challenges faced by the aviation sector during the pandemic.
Suzuki and Toyota are in talks for electric mobility and MSI would continue to access technology from its parent.
Note ban, diesel ban have little impact as Mercedes posts marginal decline, while BMW sales rise 14 pc.
Renault will start with a slew of new products that will be launched over the second half of this year and next year, apart from giving facelifts to the Kwid and Duster.
The total number of passenger vehicles (cars and utility vehicles) sold annually in the 1970s was 32,000 units - less than even one week's sales today.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Like on Pegasus, like Covid, there have been no answers from the government about why the situation on the economy and India's future is where it is today, notes Aakar Patel.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
Maruti's exports in May were down 2.4% at 9,089 units
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear
However, compared to August, vehicle sales increased by 15.25 per cent on the back of discounts. Maruti led the market in offering heavy discounts and incentives for buyers and dealers, reports Arindam Majumder.
