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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…
RBI may shift monetary stance to 'Neutral', rate cuts likely by December 2024: Nuvama
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from the current 'withd…
Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
PTI
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…
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…
Stock markets end on positive note despite early setbacks
The BSE Sensex ended the day with an uptick of 131.18 points closing at 77,341.08. Meanwhile, the b…
ANI
Auto and BFSI seen driving India Inc’s earnings growth this financial year
India’s top listed companies’ March-quarter earnings largely met analyst expectations, driven by st…
India Inc's Q3 earnings largely meet analyst expectations, but consumption slowdown a worry
India Inc’s profitability for the December quarter – largely in line with analyst expectations – mo…
Auto and banking stocks drive Sept quarter earnings as market gurus upgrade FY24 estimates
Earnings of India’s top 50 listed companies delivered stellar earnings during the September quarter…
India Inc’s credit quality continues to shine in FY23: Slowdown concerns could impact IT, textile sectors, says ICRA
Corporate India’s credit quality has continued to rebound in FY23, sustaining the previous year’s m…
Sensex, Nifty50 edge lower in morning trade as banking and metal stocks decline
India’s benchmark indices Sensex and Nifty50 edged lower in morning trade on Wednesday amid negativ…
Three wheelers see record sales as auto sector posts 9% growth between April-September
Three wheeler sales in the first half of the current financial year (FY24) have hit a record and be…
Tesla is eyeing India but a rival says that's 'good for the industry'
MG Motor India's CEO Emeritus told CNBC that Tesla's potential entry into the Indian market could b…
Tom Carter
Indian two-wheeler majors target new global markets as exports to Africa slide
Africa was a very large market for India’s two-wheeler exports but that market has been slowing dow…
Wedding bells ring in 16% rise in February auto sales, 2 wheeler sales yet to hit pre-pandemic levels: FADA
The Indian auto industry reported a 16% year-on-year increase in sales in February 2023. Despite th…
Passenger vehicles to continue driving auto sales in February, EVs gain a stronghold
A robust demand for passenger vehicles (PVs) is expected to boost India’s auto sales numbers for th…
No festive cheer for auto cos in March: PV sales ‘flattish’, 2Ws to see a slight uptick
The Indian auto sector could be looking at mixed performance in March due to a combination of errat…
India created 14 unicorns in the first half of 2022 — before funding slowdown hit them
The Indian startup valuations have taken a hit since April this year. Yet India has still managed t…
December auto sales could skid sequentially on production constraints, purchase deferrals due to ‘inauspicious’ period
Indian auto makers started December on a strong note thanks to year-end discounts and the wedding s…
The maker of General Motors and Toyota's parts in India is folding up — axing thousands of jobs
Sluggish growth and falling sales over the last nine months has led to auto dealerships and plant s…