AUTO INDUSTRY
Footfalls at auto dealers fall in June, so do RTO registrations Vehicle registrations rose 0.73% to 1,895,552 units, with two-wheelers up 4.7%, three-wheelers 5.1%, passenger vehicles down 6.8%, and commercial vehicles falling 4.7%. Heatwaves, deferred purchases, and kharif crop delays impacted sales. Rural mark...
06 Jul, 2024, 12.39 AM ISTAuto sales muted as extreme heatwave cools demand in July Vehicle registrations in June were nearly flat, up just 0.73% from the previous year, with 1,895,552 units registered. Extreme heatwaves and delayed monsoons dampened retail sales, notably impacting two-wheelers and passenger vehicles. Despite optim...
05 Jul, 2024, 03.23 PM ISTIndia's auto retail sales register 0.73% annual growth in June on the back of prolonged heatwave India's auto retail sales saw a 0.73 per cent annual growth in June, largely due to delayed monsoons in certain regions. The two-wheeler and three-wheeler segments saw positive YoY growth of 4.66 per cent and 5.1%, respectively. However, passenger v...
05 Jul, 2024, 09.35 AM IST- ADVERTISEMENT
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expa...
30 Jun, 2024, 09.17 PM ISTCar discounts make comeback after four long years of waiting in the auto industry Car discounts have returned after four years of long waitlists, driven by changes in the automotive industry's pricing strategies. Dealers are ramping up production to meet high demand, especially for SUVs, and are offering substantial discounts acr...
29 Jun, 2024, 05.54 PM ISTAuto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024 Wholesale volumes across various segments of the automobile industry in June 2024 are expected to show a subdued trend. This is primarily due to the absence of wedding dates, as stated in an Anand Rathi report. Analysts predict a mixed performance i...
27 Jun, 2024, 02.18 PM ISTLooking at 4 buckets in auto thematic fund; avoiding auto financiers: Tanmaya Desai, SBI MF Fund manager Tanmaya Desai says that SBI MF is not looking at the auto financiers or the logistics companies. But at the same time, the fund does permit him to evaluate up to 20% in some of those stocks which can be a corollary to the auto opportuni...
27 Jun, 2024, 12.41 PM ISTAuto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
20 Jun, 2024, 08.00 AM ISTGerman auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary "ZF Group has sold 1,425,000 shares, equalling 7.5 per cent stake, in its listed Indian subsidiary ZF CVCS India to increase liquidity and financial flexibility for its growth plans. The transaction will strengthen the financial flexibility of ZF, a...
19 Jun, 2024, 03.01 PM ISTAuto industry’s ability to hike prices will be lower in FY25 but value growth to be strong: Primus Partners Automakers in Mumbai are predicted to face limited pricing power this fiscal due to subdued demand, resulting in an anticipated average price increase of 4% to 5%, down from 8% in the previous fiscal year. Despite sluggish volumes, a strong growth t...
19 Jun, 2024, 01.17 PM ISTBoost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ...
16 Jun, 2024, 08.54 AM ISTFADA plans to take up issue of high inventory with SIAM The Federation of Automobile Dealers' Association (FADA) expressed concerns over high inventory levels and plans to discuss the issue with the Society of Indian Automobile Manufacturers (SIAM). FADA President Manish Singhania highlighted challenges ...
14 Jun, 2024, 10.18 PM ISTAuto emission norms to get stricter, make cars costlier India's automakers face stricter carbon emissions norms, requiring a 30% reduction over three years or penalties. The Bureau of Energy Efficiency (BEE) proposed CAFE 3 norms effective from April 2027, with CAFE 4 norms following. CAFE 3 aims for 91....
14 Jun, 2024, 12.38 AM ISTMay auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA In May, auto retail sales dropped by 5.28% from the previous month, influenced by the heatwave and the recent Lok Sabha elections, according to FADA. However, annual figures showed a 2.6% increase. Two-wheelers and commercial vehicles saw year-on-ye...
10 Jun, 2024, 10.12 AM ISTPV exports rise by 2.68 lakh units in last 4 years; Maruti accounts for 70 pc of incremental shipments Passenger vehicle exports from India increased by 2.68 lakh units in the last four fiscal years, with Maruti Suzuki India contributing to nearly 70% of the growth.
09 Jun, 2024, 11.28 AM ISTAuto sales enter slow lane in May, expected to bounce back in the festive season In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also ...
02 Jun, 2024, 12.17 AM ISTPre-owned car market expected to touch 1.09 cr units by FY28: Report India's pre-owned car market, as per the Indian Blue Book report, is expected to expand to 1.09 crore units valued at USD 73 billion by FY28, with budget buyers predominantly seeking quality cars for upgrading to a new pre-owned vehicle.
23 May, 2024, 05.52 PM ISTM&M is wheeling big money into business. What is the plan? Mahindra & Mahindra had outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.
18 May, 2024, 12.19 AM ISTSuzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth India is a bright spot for the Japanese auto giant, accounting for as much as 89% of the incremental volume of 168,000 units sold by Suzuki globally in the last fiscal year. While sales fell in several key markets, the Indian subsidiary posted a 9% ...
14 May, 2024, 01.18 AM ISTIndian auto industry poised to reach USD 300 Billion by 2026; Revving up for innovation and expansion India's auto market aims for a USD 300 billion milestone by 2026, backed by rising income levels and urbanization. The industry showcases robust production figures and significant FDI inflow, positioning itself as a global automotive hub with a prom...
27 Apr, 2024, 12.14 PM IST