Passenger Vehicles News
April auto sales: SUVs race ahead while small cars lose momentum
In April, Maruti Suzuki saw a 4.3% increase in utility vehicle sales while mini-car sales plummeted by 45%. The overall car market faces challenges from affordability issues and changing consumer preferences, with growth projected at only 1%-2% for the current financial year.
2 min read2 May 2025Maruti Suzuki share price rallies 4% to 9-week high after April sales rise 7%
Maruti Suzuki's stock surged 4% to ₹12,727 after reporting a 7% increase in total sales in April. While compact and utility vehicle sales rose, mini car sales dropped sharply. The chairman emphasized the need for more affordable small cars to boost demand amid declining sales.
2 min read2 May 2025The week in charts: Tariff troubles, IT growth, Ola job cuts
In this weekly Plain Facts compilation, we present data-based insights with easy-to-read charts to help you delve deeper into the stories reported by Mint in the week gone by.
3 min read8 Mar 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 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 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