Page 22 - Auto Sales

Looking at 2020 with cautious optimism: Renault India MD Mamillapalle

"The journey back to the pre-Covid-19 growth rate will comprise strategic cooperation and resilience across the value chain," he said

Auto sales recovery may not reflect correct picture, say experts

Carmakers in India report their dispatch to dealers as their monthly sales figures while globally most report retail sales based on registration data

Business beyond Covid-19: Auto firms change biz plans to stay relevant

According to consulting firm Kearney's estimates, there has been an impact of $1.5-2 billion per month across the automotive value chain

Rise in number of first-time buyers, additional purchase over Covid: Maruti

The company also believes that while vehicle sales have improved in July, the outlook for festive season will depend on how the health crisis pans out

RBI meet, PMI data, companies' earnings to guide market this week: Experts

At the start of the week, the market will also take cues from July auto sales numbers which signal a recovery in the sector hit hard by Covid-19

Wholesale auto sales make comeback in July, 88% jump for Maruti over June

Executives say this indicate supply side constraint like availability of labour and raw material supply has been addressed

Maruti Suzuki reports net loss of Rs 249 crore in Q1 as Covid-19 takes toll

The company posted a pre-tax loss of Rs 370 crore, as compared with a profit of Rs 1,853 crore in the year-ago quarter

Maruti Suzuki plans digitised financing options amid growing online demand

The country's largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 per cent during the lockdown months

Bajaj Auto plans to cut entry-level motorcycle models by a third

Move aimed at sharpening product amid high demand for cheaper bikes

CVs run into Covid-19, sales to shrink 30-35% this fiscal: Report

The industry is staring at further de-growth in fiscal year 2021 as Covid-19-led economic downturn adds to the negative sentiment

Global spread helps Motherson Sumi tackle Covid-19 pandemic pain

The third part of the series looks at how the firm used its first-mover advantage to get production back on track

Covid-19 impact: Over 54% potential buyers prefer used car, says study

Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much

Auto Q1 preview: Tractor, two-wheeler companies may buck the slowdown trend

Analysts at Nirmal Bang Institutional Equities expect Maruti Suzuki to post a loss for the quarter under review, led by 80 per cent sequential sequential dip in volume and negative operating leverage

India's vehicle sales to take 3-4 years to return to peak levels: Auto body

In the fiscal year that began on April 1, sales of cars, sport utility vehicles (SUVs), motorbikes and trucks have already fallen 75 per cent from a year ago to about 1.5 million vehicles

India's auto sales volume will take 3-4 years to recover: Industry body

Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March

China auto sales off 22.4% in first half of 2020; rose 1.8% in June

Total vehicle sales, including trucks and buses, rose 11.6% in June to 2.3 million

Auto sales likely to see sequential growth in next 2 months: Report

The tractor segment reported strong volume despite current tough situation owing to positive sentiment following a healthy Rabi output, it said

Hero MotoCorp surges 5%, hits over 7-month high as June sales jump 4x MoM

The two-wheeler bellwether reported wholesale dispatches for the month of June at 4.5 lakh units, up from 1.12 lakh units sold in May.

June auto sales: Analysts see Maruti, Hero Moto making a strong comeback

In the past two months, the Nifty Auto index has outrun the benchmark index by surging nearly 13 per cent till Monday as against 4.5 per cent rise in Nifty

It's not the lockdown but enabling of a false theory, says Rajiv Bajaj

Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it