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2 mins read
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 …
2 mins read
Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!
In a surprising turn of events, Resourceful Automobile, a company looking to raise funds through an…
2 mins read
Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA
"Dealers cited the impact of elections, extreme heat and market liquidity issues as major facto…
PTI
2 mins read
Hyundai Motor India's shares jump 5% on second day, making up for dull debut
Retail investors were largely unenthusiastic about this IPO, subscribing only 0.5x to the offer. Th…
3 mins read
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…
3 mins read
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…
2 mins read
India's biggest IPO off to a slow start, subscribed 0.18x on Day 1
Hyundai Motor India allocated 4.2 crore equity shares to these anchor investors at Rs 1,960 per sha…
6 mins read
Ahead of its mega IPO, why is Hyundai Motor India's GMP tanking?
Generally, a higher GMP is seen as a positive sign, indicating that there is increased demand and…
2 mins read
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
3 mins read
IPO Mania on D-Street to continue in October-November; Hyundai, Swiggy look to raise Rs 60,000 crore
As per reports, the Indian markets can expect around 30 IPOs before the end of 2024. The biggest of…
2 mins read
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…
2 mins read
Retail automobile sales grow 9% in August, dealers maintain cautious optimism for festive season
Ahead of the festive season, retail sales of automobiles in August grew by 9% year-on-year (Y-o-Y).…
2 mins read
Passenger vehicle retail sales dip 7% in June as heatwave curtails showroom visits
"Despite improved product availability and substantial discounts aimed at stimulating demand, m…
PTI
2 mins read
Growth across vehicle segments powers 10% rise in India's June auto retail sales, cautiously optimistic for the near term: FADA
Automobile retail sales in June registered 10% year-on-year growth, with positive performances seen…
2 mins read
Indian auto retail sector records 27% YoY growth in April: FADA
The Indian auto retail sector recorded a robust 27 per cent year-on-year (YoY) growth for April 202…
ANI
3 mins read
Total vehicle retail sales jump 15 pc to 2.11 crore units in 2022: FADA
Two-wheelers retail sales stood at 1,53,88,062 units last year, a growth of 13.37 per cent from …
PTI
2 mins read
India Inc marks slowest quarterly revenue growth in January-March 2024: Crisil
Corporates in India have likely logged a 4-6 per cent revenue growth in the January-March quarter, …
ANI
5 mins read
Retail auto sales grow 11% in September, but still below pre-Covid levels, says FADA
However, when compared to the pre-pandemic month of September 2019, sales were down 4%, FADA sai…
3 mins read
It’s not banks but insurance that the retail investors now fancy
Retail investors are betting on India’s top-down approach, shows the latest data released by AMFI (…
2 mins read
Automobile dealers' association seeks GST cut on 2-wheelers from 28% to 18%
The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in …