Page 28 - Auto Sales

Festival bonanza: Two-wheeler firms go full throttle to chase customers

This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts

Maruti Suzuki blames increase in ownership cost for declining car sales

Company indulging in heavy discounts to get customers back

Auto sales growth outlook revised to 5-7% for FY20, says report

The auto sales in the same period last year registered a double-digit growth at 14.5 per cent

Why the FM has a point about app-based taxis impacting car demand

With economic slowdown, financial sector woes, the wait for stricter emission norms also at play, why don't car makers who can afford to slash prices do so to keep sales ticking, asks T N Ninan

Auto slowdown: Ashok Leyland declares non-working days across units in Sept

Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees

Slowdown blues: Auto sales down 23.5%, worst slump in two decades

Maruti Suzuki India posted 36.14% decline in its August sales at 93,173 units

China's auto sales dip for 14th time in 15 months amid economic slowdown

Automakers reeling from the industry's longest downturn in three decades continue to face headwinds

Auto industry may have to wait longer for GST cut on cars from 28% to 18%

Will be a political call now; state finance ministers to decide on September 20

Long haul for investors

Every indicator suggests the growth recession could continue for several quarters

Motown crisis: Spectre of job losses hangs over Gurugram, Manesar auto belt

More than a dozen factories have shut shop in past one year and job losses are estimated to be between 30,000 and 50,000

Motown crisis: Contract workers bear the brunt of slowdown in auto sector

The second of a three-part series on auto sector crisis talks of how some allege that layoffs are to put pressure on the Centre to reduce GST

Auto sales in August to be 'far worse' than July, analysts expect 30% fall

At present, the sector has been impacted by a consumption slowdown which is a culmination of several factors like high GST rates, farm distress, stagnant wages and liquidity constraints

Nothing much in stimulus to make consumers happy, say carmakers

Auto sales in India have been falling for nine straight months

Slow down blues: Auto industries banking on new launches to revive demand

As of now, carmakers introduced 12 new models in the last four months, while pulling out old ones. Here's the list of new cars:

Commercial vehicle makers to gain the most from FM Sitharaman's measures

Tata Motors, Ashok Leyland key gainers; infra boost, consumption uptick needed for trend reversal

Maruti Suzuki India cuts temporary workforce by 6% as sales plummet

Maruti Suzuki, which produces about one in two of the passenger vehicles sold in the country, yesterday reported a 33.5% decline in sales in July to 109,265 vehicles compared with July 2018

Auto sales in July fall for 9th consecutive month due to poor demand

Cumulative sales of India's top five manufacturers of passenger vehicles dropped by 30.6% to 172,992 units over July last year

Sales slumps in India, China clobber automakers banking on Asia for growth

The slump is exacerbating problems of excess capacity, with factory utilisation rates at China plants for many automakers estimated below break-even point

Auto sales skid 10 months on the trot, new vehicle registrations down 5.4%

Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers

Domestic auto sales skid 12% in June, no immediate respite likely

The pain for automobile firms is unlikely to ease any time soon as weak rural demand and a delayed monsoon weigh on buyer sentiment