Sales News
September Auto Sales: 2Ws rev up with double-digit growth, PVs continue to slump
Two-wheeler sales surged in September, driven by electric models and exports, with brands like Bajaj and TVS reporting significant growth. In contrast, passenger vehicle sales declined for the third month in September.
3 min read2 Oct 2024Early festival upset bodes ill for automobile sector
Lack of new models from Hyundai and Maruti Suzuki might be a factor behind poor car dales during Onam and Ganesh Chaturthi, one dealer said. Now, dealers are pegging their hopes on Navratri and Diwali.
4 min read1 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 2024Festive season a bonanza for online second-hand electronics sellers, but consumers still on the fence
While demand for premium refurbished devices is on the rise, consumers are inclined towards buying new devices as they become affordable
3 min read23 Sep 2024Canadian dollar clings to weekly gain as retail sales beat estimates
CANADA-FOREX/:CANADA FX DEBT-Canadian dollar clings to weekly gain as retail sales beat estimates
1 min read21 Sep 2024Traders’ Big Bet on a Half-Point Fed Cut Is Back in Bond Markets
Bond traders are once again ramping up wagers on a half-point interest-rate cut by the Federal Reserve next week, just days after that bet seemed all-but-over.
4 min read14 Sep 2024Mint Quick Edit | Auto sales: The festive season will be crucial
It’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 2024OLA Electric’s dominance in 2W electric segment faces stiff competition as major players enter EV fray
OLA Electric faces increasing competition in the electric two-wheeler market from major players like Bajaj, Hero, and TVS, as they plan to introduce new affordable models. Despite a drop in OLA’s market share, it still leads with 41 percent, but upcoming launches could change the dynamics.
3 min read10 Sep 2024Exide Industries, Tata Motors, M&M, and 7 other auto stocks drop up to 24% from recent highs
Nifty Auto Index closed the first week of September with a 2.47 percent decline, marking its biggest weekly drop since March 2024. The index is now trading 5.5 percent below its recent peak, with all 15 constituents trading below their highs. Exide Industries led the losses, dropping 24 percent.
4 min read9 Sep 2024Mint Primer: Why car sales have hit a festive speed-breaker
After 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 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