Investors turn their attention to export-driven sectors.
Maruti Suzukisaid it was trying to offer more factory-fitted CNG cars to address environmental concerns
The company is planning the despite facing continued pressure on sales.
December is a month of high retail sales for cars, as companies and dealers push stocks to clear inventories
'Investors should reduce cash gradually and look for value investing.'
The used car market is now 1.2 times the size of the new car market.
While sales of compact cars, including models such as Swift, Celerio, Ignis, Baleno and Dzire declined, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, increased 26.3 per cent to 19,177 units as compared to 15,178 in the year-ago month.
The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.
A number of companies, including Maruti Suzuki, Renault and Nissan, are giving gold coins to buyers who book cars by the month-end. There are other benefits as well, reports Ajay Modi.
India must be prepared for a big, fat fuel import bill in FY23 - barring any further avatars of the Covid virus - as refiners crank up runs, or crude processing rates, to meet the growing demand for fuels, and crude prices soar. Capacity additions by an Indian state-run refiner will reinforce the need for foreign crude. Demand for all fuels is expected to increase by 3-8 per cent next fiscal from 2021-22, reaching pre-pandemic levels, according to analysts and industry experts.
The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
The Kwid was launched in the last week of September.
The total dividend income for seven firms grows 25%.
The company believes there is a shift in consumer demand, more buyers could opt for Skoda in future
The ongoing elections and overall subdued market sentiment continue to affect the sales momentum
Net profit at M&M and Mahindra Vehicle Manufacturing Ltd contracted to Rs 918 crore from Rs 1,238 crore a year ago while revenue and other income decreased to Rs 12,997 crore from Rs 13,551 crore a year ago.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Most companies operate through a rural development sales consultant.
JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
The growth, however, may not indicate a major revival of economic activity.
Losers include ONGC, Bajaj Finance, Reliance, SBI, Hero MotoCorp, ICICI Bank, L&T, Vedanta, Yes Bank and Axis Bank, falling up to 2.54 per cent. On the other hand, Tata Steel, PowerGrid, HCL Tech, Kotak Bank and Maruti were the top gainers on Sensex, rising up to 2.31 per cent.
The Crisil study covered 600 companies excluding financial services and oil companies, representing 71 per cent of the overall market capitalisation of India Inc.
After years of giving free passes to counterparts from Korea, Japan, US in the Indian auto market, Chinese automakers had planned a major push to grab the fifth largest car market in the world. But the shutdown of factories and logistics hubs in the country following the outbreak of coronavirus is slowly constricting the business of Chinese auto majors which have recently entered India.
India has already pipped Japan as the world's third-largest oil consumer.
Company's sale to dealers hit an eight-month low to 6,924 units in January.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
Maruti has improved its sales in the recent past.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
The industry needs stimuli to help revive consumer demand and conversions.
Maruti sold 191 units of SX4 sedan in January 2014.
The car will compete with Hyundai Grand i10 and Maruti Suzuki Celerio
India is the first country to launch the second generation Amaze and the car has been developed considering the needs and aspirations of Indian customers
'Unless cash has ceased to be king, the issue is the same in the aviation, telecom and ecommerce sectors: Sustainability,' notes T N Ninan.
Car maker Ford India said it is looking at introducing a small car model in the country as part of its strategy to roll out eight new products by 2015.
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
Mercedes-Benz India, BMW India and Audi India have lined up over 50 new model launches as they seek to recoup previous year's loss in volumes, reports Shally Seth Mohile.
The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
The auto industry expects lower taxes and interest rates from Budget 2015.
