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Onboard sales

Dec 10, 2019, 01.18 PM IST

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ONBOARD SALES

Auto sales fall in November after festive spike

As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month declined 0.84% to 263,773 units.

FASTag will hasten road assets sale, says NHAI

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  • Investors together own around 30% in co; a deal may fetch them over two-fold return

    "We are expanding sales network. Basically, we are getting into new locations. Idea is that per dealer sales should go up. Dealers are excited with our product range and they are willing to expand their territories by opening new outlets," Tata Motors President (Passenger Vehicles Business Unit) Mayank Pareek told PTI. There was a plan to add 200 new sales outlets this fiscal, he added.

    The sales of Jaguar brand were at 11,464 units during the month, down 23.1 per cent per cent from November 2018, Tata Motors said in a BSE filing. Land Rover sales stood at 35,078 units, up 5.5 per cent per cent from the same month last year, it added. Tata Motors-owned Jaguar Land Rover (JLR) on Monday reported 3.4 per cent decline in total retail sales.

    M&M Financial cleverly evolved its business model to be on the right side of the evolving rural India scene.

    While the slowdown hasn’t shown a significant impact on Triumph's sales, weak consumer sentiment did result in the motorcycle maker deferring its dealership expansion plan by six months. The company plans to have 20 dealerships in the country in the next 18 months. It has identified Guwahati, Goa and two unspecified locations in the northeast and the south for the upcoming dealerships.

    About 170 microbreweries mushroomed in the past decade as the country’s high population of millennials showed keen interest in craft beer, a niche segment that still accounts for just 2-3% of the beverage consumption. Packaged craft beer brands such as White Owl and Geist are feeling the impact of the economic slowdown as well.

    BJP Lok Sabha MP Virendra Singh Mast on Thursday denied any condition of an economic slowdown in the country while arguing that if there is ...

    Damani looks to pare his stake in India’s largest listed retail chain by selling 5.2% stake.

    US has agreed to the Indian request to buy up to 13 MK-45 5 inch/62 caliber (MOD 4) naval guns and 3,500 D349 Projectile, 5″/54 MK 92 MOD 1 Ammunition. The MK-45 Gun System will provide the capability to conduct anti-surface warfare and anti-air defense missions while enhancing interoperability with US and other allied forces, said the US.

    DCGI has asked all drug regulators in states and Union Territories to prohibit sale of drugs by online pharmacies.

    "This is in half the time that brick and mortar retail took to evolve. That said, these channels are not cannibalizing each other, and all continue to grow with e-comm outpacing modern trade and traditional trade," said Sharang Pant, Head-Retail Measurement Services and Retailer Vertical, South Asia, Nielsen Global Connect said.

    Liquid and debt based funds are taxed at the slab rate if redeemed within 3 years. How would I pay STCG?

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