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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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Substantial drop in sales of cars, goods carriers and light commercial vehicles in Q2: SIAM

Sales of cars in the country saw a significant decline in the second quarter of FY25, as highlighte…

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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   


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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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April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer

Hyundai continued to occupy the second position in India’s car market, with Tata Motors taking the …

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Tata Motors shares slump 4% on poor sales data

On the BSE, scrip of Tata Motors dropped 3.69 per cent to trade at Rs 1,102.40 per piece. …

PTI   


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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…

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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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Stock market ends lower on Monday; Investors eye Hyundai listing and RBI minutes

Bajaj Auto, HDFC Bank, Asian Paints, Mahindra & Mahindra (M&M), and Eicher Motors emerged as the to…

ANI   


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Tesla stock could soar 50% as it broadens beyond autos and as Musk exerts more political influence, Morgan Stanley says

Morgan Stanley analysts say Tesla will surge if it can expand to be an AI giant, which may be more …

Kelly Cloonan   


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Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades

Wall Street analysts said Tesla needs to release a low-cost "Model 2" vehicle and update its curren…

Matthew Fox   


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Smooth ride for M&M in June but Bajaj and Hero Motocorp stutter

Toyota experienced a 19% surge in sales in June, while Kia India saw a 19% decline in sales volumes…

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Mercedes-Benz electric car sales plunge by a third as Chinese competition and stuttering demand hit home

The German carmaker said it had seen a 31% drop in sales of battery-powered cars from a year earlie…

Tom Carter   


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Sensex and Nifty open in the green: Wipro, M&M and Bajaj Auto top gainers

The Sensex opened 73.11 points up at 72,517.06, while the Nifty began 42.50 points higher at 22,082…

ANI   


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August auto sales: Powered by utility vehicles, PV dispatches to dealers increase 9%

​Passenger vehicle wholesales in India rose 9% year-on-year in August on the back of strong demand …

PTI   


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EV sales in Europe hit a speed bump — and the US should be worried too

Registrations of new EVs in Europe fell by 44% in August from the previous year, according to the E…

Tom Carter   


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Mixed December – While Tata Motors, Hyundai sales rise, Maruti Suzuki reports in the slow lane

As the month of December comes to an end, the auto sales data is giving us an insight about the per…

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Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

The sales were impacted by high base effect as well as companies reducing vehicle dispatches to dea…

PTI   


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Passenger vehicles recorded highest-ever sales this January says SIAM

In January 2023, total passenger vehicle sales grew 17.3% to 2.98 lakh units compared with 2.54 lak…