Retail sales of passenger vehicles fell 14% in November over the same month last year. As this was meant to be a festive month full of weddings, the number is a big let-down. New-year prospects of a revival, alas, aren’t looking very bright either.
1 min read10 Dec 2024News and developments from the week gone by, through numbers and charts.
3 min read6 Dec 2024The Indian auto sector is witnessing a rebound after a subdued August, bolstered by two-wheeler sales and hopes of an RBI rate cut. The Nifty Auto index has risen 5% in September, with Bajaj Auto and Mahindra & Mahindra clocking strong returns.
3 min read30 Sep 2024It’s raining discounts in the car market—the latest to offer them being Tata Motors—as excessive rainfall is said to have led customers to postpone purchases. The upcoming festive season will be crucial for a demand revival. Otherwise, the industry may have a bigger problem to reckon with.
1 min read11 Sep 2024After three consecutive years of strong growth, a high base effect has resulted in a moderation in growth. At the same time, the pent up demand from the pandemic era, which was the reason for much of the growth in the past three years, has tapered off.
2 min read9 Sep 2024Maruti Suzuki India reported nearly a 3.9 per cent decline in sales, and Tata Motors reported an 8 per cent reduction in sales figures, according to a Bombay Stock Exchange (BSE) filing on Sunday, September 1.
1 min read1 Sep 2024Auto manufacturers and lenders have so far cited cyclic trends, wherein auto sales tend to slow down ahead of the festival season, typically beginning in the third quarter of every current financial year
5 min read17 Aug 2024Excess inventory of Jeep and RAM vehicles looms over an otherwise benign environment for Detroit’s automakers
3 min read22 Jul 2024Passenger vehicle sales have declined by 6.77 per cent, while the sales of tractors and commercial vehicles have declined by 28.3 per cent and 4.74 per cent, respectively.
1 min read5 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared