Automobile dealerships expect flat or moderate growth in festive season: ICRA
Across India, the automobile dealerships continue to face tough times. They are among the worst impacted segments within the entire automotive value chain, ICRA said in a statement.
Passenger vehicle retail sales rise 10% in September: FADA
Automobile dealers' body FADA said passenger vehicle (PV) retail sales in Septembe...
Automobile, consumer companies go all out to ramp up production ahead of festival season
While demand is picking up, the spread of the Covid-...
Luxe goes under the hammer! Vintage Alfa Romeos to be auctioned at Sotheby’s, can fetch $20 mn
For their part, the BAT cars achieved more than a sculptural triumph.
Indo-Dutch women entrepreneurs explore collaboration to expand business ties
Since the early 1980s, the Dutch Government has identified India as an important economic partner. Bilateral relations underwent further intensification after India’s economic liberalization in the early 1990s.
Covid impact: Automobile companies set to face further impairment on development cost, manufacturing facilities
Industry insiders say that many automobile companies also have large intangibles on their asset sides in their balance sheets. In most cases, these include designs and patents related to new or upcoming product lines. These, too, say experts are being questioned.
Lower tax rates, steps to boost sales crucial for auto cos: Kenichi Ayukawa, MD & CEO of Maruti Suzuki India
The automobile industry is striving to reduce costs and improve efficiency, but government support in reducing its tax burden or providing sales incentives will be valuable, said Kenichi Ayukawa, the managing director and CEO of Maruti Suzuki India Ltd.
Turnaround? Why October looks all set to register record passenger vehicle sales
Retail sales this month are expected to increase 30% to around 300,000 from 230,000 units in September, said industry insiders. Year-earlier retail numbers weren’t available.
Require long-term regulatory roadmap to increase automobile sector contribution to GDP: NRI India
The NRI India report further said that for fulfilling the government's GDP targets, the auto sector will be playing a pivotal role by increasing its contribution to GDP to 12 per cent from current 7 per cent.
Overweight on pharma, utilities, automobiles, cement and metals: V Srivatsa
Stocks are not as cheap as in March 2020, but we see pockets of opportunities to invest at fair valuations.’
Ahead of festive season, auto sales head north; fuel consumption ride pillion
Sales of petrol, which had recovered to pre-Covid levels last month, grew an annual 1.5% in the first half of October. It was also 1.4% more than the first two weeks of September.
Increasing production, sales during festive season our focus right now, says SIAM
"Right now, nationally and globally everybody is fighting the coronavirus. We will have to collaborate and integrate our effort to fight this pandemic. It is the priority right now," Society of Indian Automobile Manufacturers (SIAM) President Kenichi Ayukawa told reporters.
Apple supplier Foxconn aims to supply to 10% of global electric vehicles
The Taiwanese contract manufacturer, formally called Hon Hai Precision Industry Co Ltd and a major supplier to Apple Inc , is looking at fresh growth from sectors such as electric vehicles, digital health and robots in a drive to diversify its global investments.
Auto sales to register a double-digit growth in FY22 on a historically low base: ICRA
The coronavirus pandemic dragged automobile sales in India to historically low levels. After registering zero sales in April, the industry is yet to recover to monthly sales levels seen before the pandemic. FY21 sales are estimated to be decadal lows. ICRA predicts sales to increase by double-digits in FY22 given this year's substantially low base.
Automobile sales in the month of June improve as lockdown restrictions ease
Retail sales of automobiles continued to improve since the easing of lockdown restrictions, with transport authorities reporting a nearly five-fold increase in vehicle registrations in June compared with the previous month.