Domestic car sales declined 157,536 units in September 2012 compared to 166,464 units in the same month last year.
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.
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 BS-IV emission norms will come into force from April 1, 2017.
Companies sold 173,420 units in Jan compared to 198,079 units in the same month a year back.
Morgan Stanley Sales & Trading, US, believes the stock is better value for money than others and has a upside as high as 73 per cent. A slowdown in the economy has hit demand and led to a fall in overall consumption in an auto market which till recently was one of the fastest growing in the world.
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.
The total two-wheeler sales in June rose 12.99 per cent to 12,61,589 units.
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 new SUV from the Tatas will compete with the likes of Jeep Compass, Hyundai Creta, Hyundai Tucson and the Mahindra XUV500.
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.
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.
SIAM said it expected 10-12 per cent growth in 2012-2013.
This will ensure its vehicles reach dealers much faster and delivered to buyers in a maximum of three days, reports Shally Seth Mohile.
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.
In November last year, Hyundai Motor India Ltd announced putting on hold its Rs 400-crore (Rs 4-billion) diesel engine plant which would have an installed capacity of 150,000 units per annum.
Car sales in India grew 13.11 per cent to 2,11,402 units in February as customers rushed to buy vehicles fearing rise in prices post the Union Budget, to be presented this week.
Car sales in India grew 13.11 per cent to 2,11,402 units in February as customers rushed to buy vehicles fearing rise in prices post the Union Budget, to be presented this week.
The government on Friday announced several relief measures including deferring one-time registration fee, lifting the ban on purchase of petrol/diesel vehicles by its departments and allowing higher depreciation, but it remained non-committal on the demand for a reduction in GST rates.
Nick Jonas too picked a custom Ralph Lauren tuxedo with the words 'My Jaan' embroidered on the lapel.
The Czech carmaker said the assessment of the locks will be done in 12 minutes only
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.
Domestic passenger car sales declined by 23.77 per cent to 1,38,521 units in October, 2011, from 1,81,704 units in the same month last year.
The Society of Indian Automobile Manufacturers on Wednesday said the new definition for completely knocked down (CKD) units of vehicles introduced in the Budget for 2011-12 will significantly increase the cost for high-end players and also hamper the introduction of new products.
Customers have started to factor in the narrowing gap between petrol and diesel and the premium that needs to be paid for a diesel vehicle.
Car and sports utility vehicle makers say they're taken aback by the Union finance ministry's proposal to bring locally assembled models into the same duty structure as imported units. They say the move would cripple demand, following a substantial rise in vehicle prices.
Vehicle sales across categories registered an increase of 5.03 per cent to 16,03,292 units from 15,26,514 units in November 2013.
The Rs 17.70-lakh Honda Civic competes with the Skoda Octavia, Toyota Corola Altis and Hyundai Elantra.
Sales plunged to 133,747 units from 158,767 in the same month last year.
Mahindra is the latest among a clutch of other manufacturers that have been using services, fuel efficiency and packages as unique selling proposition. Sales of Mahindra's heavy trucks dropped to 3,427 units in the eight months from April to September.
Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 550,466 units in 2013-14, during which domestic sales fell for the second consecutive year.
'Perhaps it isn't protocol at all, but power before which we abase ourselves,' says Sunanda K Datta-Ray.
Govt may delay BS-V and -VI implementation by a year
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
Maruti launched the Baleno in May 2016 and the new Swift in February this year
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
According to figures released by the Society of Indian Automobile Manufacturers, passenger car exports in August were at 37,952 units, as against 40,901 units in the same month last year.
Instead of linking MPs' salary to the cost of living index, it should be anchored to the growth rate so long as India boasts the world's second-highest growth, feels Sunanda K Datta-Ray.
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Sales of commercial vehicles rose 9.01 per cent to 51,000 units in December, SIAM said.
US car maker Ford on Thursday said it will introduce eight new products in India by 2015 in a bid to tap the burgeoning domestic car market.
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