Hyundai expects auto recovery in H2, aims to grow its share
Hyundai’s sales contracted 7.2% to about half a million vehicles in 2019. Sales could remain muted in the first quarter of 2020 as India transitions to stricter emission norms, but demand will likely recover in the second half, the company said.
Share market update: Auto shares in the red; Tata Motors dips 2%
The Nifty Auto index was trading 0.44 per cent down at 8209.9.
Housing sales down 9%, new supply falls 10% in Oct-Dec: Report
" The downtrend observed was mainly due to economic slowdown and liquidity cri...
Hyundai Motor returns to profit in Q4 as SUV sales boost margins
South Korea's Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles. Its operating profit came in at 1.24 trillion won while a year earlier Hyundai had booked a 129.8 billion won loss.
Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
Uber analysts say India food unit sale ends ‘dark chapter’
The deal was a “smart, strategic” move and “shows strong execution on the part of Uber management, who has said repeatedly that unless Uber is 1 or 2 in a given market, or on a clear trajectory to get there, it would exit that market.”
Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
Not enough EV sales yet to build viable finance plan, say lenders
Financiers said electric car sales must show up sufficiently on the dashboard for them to build a viable finance plan. For the personal buyer, car prices range anywhere between Rs 12 lakh and Rs 20 lakh. Financiers believe that the consumer would default because of the high prices, making it difficult for a financier to sell the attached vehicle.
Maruti Suzuki sells 5 lakh BS-VI vehicles ahead of implementation of new emission norms
"This achievement reaffirms the growth potential of new engines and technologies in India," MSIL Managing Director & CEO Kenichi Ayukawa said. He further said,"Early introduction of the BS-VI compliant engine in our popular models represents our commitment to the government's vision for clean and green environment."
Maruti Suzuki to make global premiere of concept FUTURO-E at Auto Expo
C V Raman, senior executive director (engineering), Maruti Suzuki India Limited, said, “The latest Concept FUTURO-e is a coupé style SUV. A first from Maruti Suzuki stable. A departure from existing design.”
Jaguar Land Rover to cut over 10% of workforce at UK Halewood factory: Union
British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.
Share market update: Auto shares in the red; M&M down 1%
The Nifty Auto index was trading 0.49 per cent down at 8311.55.
Mercedes-Benz to drive in AMG GT 63 S, world's fastest series production four-seater, at Auto Expo
The company will also showcase the new GLA and EQC Edition 1886 during the show.
Seized assets of Nirav Modi to be auctioned at Saffronart's two upcoming sales
Fugitive businessman Nirav Modi's seized assets including artworks, luxury watches, handbags and cars will go under the hammer at Saffronart's two upcoming auctions.
Market, economy trends that should worry us more than auto sales, inflation
There is a disturbing trend that we perceive even in equity investing.
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