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India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter
Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …
Carmakers expect festive period to bring in robust sales, improve overall buyer sentiment
Auto industry players in India pin hopes on the ongoing festive season, which spans from Onam to Di…
PTI
Why has Bernstein called India’s EV sector 'irrelevant'?
Even with hefty incentives, incumbent OEMs are still unprofitable, the report stated.
Festive consumption growth halved in 2024 as urban demand slacks, notes Nomura
Nomura reports festive consumption growth has dropped to 15% this year. Analysts observed slower gr…
Sensex and Nifty extend losses amid inflation woes and FII selling pressure
Despite domestic investors buying shares, sectors like FMCG and energy faced pressure. However, rea…
Auto Industry sales to surge on the back of improved monsoon, festive season demands: Report
The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as comp…
ANI
Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away
Mukesh Ambani-led Reliance Industries is reportedly gearing up to launch the initial public offerin…
Auto sales see a positive trend in June, two-wheeler sales register 21% annual growth: SIAM data
The two wheeler sales in India in June registered a growth of 21.3 per cent year-on-year (Y-o-Y), h…
ANI
Stock market closing: Sensex closes above 80,000, auto, pharma and realty indices rally
Maruti (up by 6.52%), Divis Labs (up by 2.37%), Mahindra and Mahindra (up by 2.23%), Titan (up by 1…
Indian auto component industry turnover grows 9.8% in 2023-24; outlook positive: ACMA review
The turnover stood at Rs 6.14 lakh crore (USD 74.1 billion) during the year, said the ACMA, the bod…
ANI
Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry
The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…
Automobile industry hails PM e-DRIVE scheme to promote EVs
Chandra said, "This forward-thinking initiative reflects the Government's unwavering support for In…
ANI
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
EVs are not the only options for alternative fuel — make way for hydrogen and bio-fuel
Electric vehicles are gaining popularity worldwide due to consumer acceptance, policy backing, and …
Passenger vehicle exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70% of incremental shipments
Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with …
PTI
Passenger vehicle retail sales dip 5% in August 2024; FADA raises alarm over rising inventory level
Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account…
PTI
Bajaj Auto Q1FY25 results: Net profit, EBITDA, exports see a major jump, leadership change imminent
The company's sales also saw a 7% YoY jump from 11,02,056 units in the June quarter, compared to 10…
Retail auto sales grow by 13% in February, but elevated inventory levels a concern
The Indian auto industry reported a 13% growth in sales in February 2024, with all the segments rep…
Airport industry to see profit before tax of $1.3 billion this fiscal
"The topline will grow due to an increase in aeronautical revenue along with the receipt of…
PTI
Oil prices to remain stable in India, country has various crude supply options: Union Minister Hardeep Puri
Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the coun…