The third part of the series looks at how the firm used its first-mover advantage to get production back on track
Even as the preference for a personal vehicle is growing owing to safety concerns, buyers are not willing to fork out much
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
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
Nifty auto index, which tumbled nearly 11 per cent in 2019, crashed over 31% in March
Total vehicle sales, including trucks and buses, rose 11.6% in June to 2.3 million
The tractor segment reported strong volume despite current tough situation owing to positive sentiment following a healthy Rabi output, it said
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.
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
Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it
There has been a significant surge in customer orders and enquiries online, through digital platforms, company official says
The decline (excluding in tractors) would be the steepest in the last two decades
Localisation, industrial segment to offset some pressure
With liquidity as top priority, most will end up buying a used car, and that's not a bad thing if it's self-funded
At the end of May, out of 26,500 outlets about 60 per cent showrooms and 80 per cent workshops were operational across the country
From SC directing telecom companies on AGR dues to the decline in May auto sales, here are the top headlines of the day
While economic slowdown, drying up of infrastructure projects and revised axle norms hit the sector badly in FY20, the coronavirus (Covid-19) pandemic has worsened the situation
The timely relaxation of the lockdown for the agricultural sector ensured speedy recovery of tractor demand during May.
Here are the top ten headlines on Tuesday morning
In May, the S&P BSE Auto index gained 5.6 per cent as compared to 3.8 per cent decline in the S&P BSE Sensex.