Passenger Vehicle News
Automobile retail sales rise 9 pc in 2024 despite multiple headwinds: FADA
Automobile retail sales rise 9 pc in 2024 despite multiple headwinds: FADA
2 min read7 Jan 2025GST on used vehicles apply differently on businesses
The GST Council last week recommended harmonizing the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles moved up from 12%.
2 min read25 Dec 2024Tata Motors expects PV retail sales to sustain momentum in Q3
Tata Motors expects PV retail sales to sustain momentum in Q3
2 min read17 Nov 2024Nifty Auto stocks lose nearly ₹6 lakh crore in market cap amid recent selloff
The combined market capitalisation of all Nifty Auto companies has fallen from a peak of ₹26.74 lakh crore to ₹20.95 lakh crore, marking a decline of ₹5.79 lakh crore.
1 min read14 Nov 2024Next Diwali, you may drive a sub- ₹10 lakh GenAI car
With over two years of on-road trials, connected vehicle platforms with generative AI voice interfaces are expected to feature in Indian carmakers’ portfolios by the end of 2025
4 min read1 Nov 2024IPO-bound Hyundai Motor India bets on capacity addition, Creta EV to drive growth
Hyundai has lost some market share since 2019, but its high capacity utilization of 97% has given it the ability to neither ship excess stock to dealers in a tough market nor cut prices to liquidate inventory.
3 min read12 Oct 2024Car makers’ festive hopes hang in balance as sales continue to slump
Indian car manufacturers are hopeful of a boost to sales during the festive season. With discounts and seasonal spending expected to drive demand, October’s performance is crucial for setting a positive growth trajectory for FY25.
3 min read10 Oct 2024Tata Motors stock tumbles 21% from all-time high, hits 4-month low. Is there more pain ahead?
Tata Motors shares have fallen 21% from their all-time high to the level last seen four months ago. September saw a 12.3% decline in shares as the overall outlook remains cautious amid falling demand, particularly in the passenger vehicle segment.
2 min read4 Oct 2024Revving Up: Nifty Auto zooms 49% in 9 months; Motherson, Bajaj Auto and M&M drive gains with up to 110% rally
The 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 2024Nifty Auto skids 2% in August, snaps 9-month winning streak; 13 stocks end lower
Shares of Tata Motors, Maruti Suzuki, and Mahindra & Mahindra (M&M) all ended the month in the red with losses ranging from 3% to 5%. According to Nuvama Institutional Equities, PV industry volumes are likely to be marginally negative in August.
3 min read30 Aug 2024Popular Topics
Budget
The 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