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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…

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October auto sales – Maruti Suzuki and Tata Motors report a decline, Mahindra continues to grow

The month of October 2024 has not been the best for automakers despite the festive season in India.…

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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…

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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 …

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August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales

The Indian passenger vehicles segment reported a decline in sales for the second month in August 20…

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Electric two-wheeler sales declined in August 2024, but year-on-year growth continues

After months of subdued sales, the Indian electric two-wheeler market bounced back in July 2024, cr…

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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   


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October marks highest-ever monthly stock sales by foreign portfolio investors

Foreign portfolio investors (FPIs) have again turned net sellers in Indian stock markets in October…

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September Auto sales – Automakers report a decline, Mahindra and Mahindra overtakes Tata Motors

The Indian passenger vehicles segment reported a decline in sales for the third consecutive month i…

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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   


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Ola Electric continues to lose market share as Bajaj Auto and TVS Motor gain

The Indian electric two-wheeler market has reported subdued sales in September 2024, with 88,156 el…

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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   


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Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches

Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in …

PTI   


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Indian manufacturers see softer increases in new business, output in August: PMI

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. …

PTI   


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India's services sector activity slips to 10-month low in Sep as new orders, international sales decline

The seasonally adjusted HSBC India Services Business Activity Index fell from 60.9 in August to 57.…

PTI   


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Maruti Suzuki, Tata Motors, Hyundai and other automakers report a decline in sales in July 2024

The month of July 2024 could have been better for automakers, with most companies reporting a decli…

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New home sales saw the biggest burst of activity in August since 2022, MBA says

New home sales climbed nearly 15% last month, according to the Mortgage Bankers Association, while …

Jennifer Sor   


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Parts supplier cuts thousands of jobs as Germany's auto woes deepen

Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days aft…

Tom Carter   


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Hyundai IPO listing: India's biggest ever IPO lists lower than issue price, brokerages issue buy rating

With a market cap of Rs 1,51,376.41 crore, Hyundai Motors India had opened for subscription between…

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Demand for 2-wheelers and tractors shows positive momentum as rural sentiment sees lift, notes Motilal Oswal

The demand for the passenger vehicle and commercial vehicles moderated in October while the demand …