Page 26 - Auto Sector

Hyundai India reports 11% dip in total sales at 53,427 units in January

Hyundai Motor India on Tuesday reported a 11.11 per cent decline in total sales at 53,427 units in January 2022.

Domestic auto components industry to see 15-17% revenue growth this fiscal

The industry may again see double-digit growth in FY23, given that the impact of the Omicron variant is limited

Why India's two-wheeler growth story got derailed?

The sales of two-wheelers plunged to lowest in nine years in 2021. Does the trend reflect the declining purchasing power of people in the middle and lower-income groups? Let's find out

Supply side constraints dent India's auto sector December sales

The sectors' current off-take of passenger vehicles, two-and-three wheelers were far behind the 2019 sales levels

Auto companies stare at muted earnings in Q3 amid high input costs

Chip shortage, poor two-wheeler demand and high input costs set to be spoilers

Near-term headwinds may cap upsides for auto stocks, especially 2-wheelers

Price hikes, running costs and supply side pressures are the key concerns

Omicron worries may impact passenger vehicle supply: FADA

The industry body, however, noted that it expects the semiconductor shortage situation to normalise by the second half of next year

Most consumers have strong intent to buy vehicle in next 12 months: Survey

The strong intent to purchase a vehicle reflected a healthy recovery in overall spending habits, it added

CarTrade to deploy up to $100 mn to acquire, invest in automotive firms

CarTrade Tech said it is actively looking for companies in all aspects of the automobile ecosystem

ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22

For the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth

Top headlines: TaMo to hike CV prices; Centre regrets Nagaland killings

Business Standard brings you the top stories on Monday

'Govt planning more tax sops on vehicles bought after scrapping old ones'

The scrappage policy will be one of the key factors to control pollution and create jobs, Union Minister Gadkari said

Oct auto registrations fall 5.33% YoY, FADA says worst season in a decade

Festive season sales between October 7 and November 17 decline by 18.81%

Domestic two-wheeler sales second lowest in 7 years, shows data

Likely to end year with 3-6% YoY decline: CRISIL estimates

Tata lands a Punch in small car segment

Small cars have typically been known to be unsafe, lighter and with lower safety protection than larger variants but that's not so with the Punch

Govt includes CNG, LNG, 98 other advanced tech under auto PLI scheme

The scheme aims to boost manufacturing capability of the automobile sector, including the electric and hydrogen fuel cell vehicles

Delhi to soon have over 4K e-autos on roads, registration opens

Under its electric vehicle policy, the Delhi government is aiming at adoption of electric three-wheelers, including e-autos, e-rickshaws and e-carts.

United States asks Tesla why it didn't recall Autopilot driving system

The latest clash provides more evidence of escalating tensions between Tesla and the agency that regulates partially automated driving systems.

Power outages risk to growth, add to retail inflation woes: Nomura

With power demand likely to rise amid continued economic normalisation and upcoming festive sales, supply-side disruptions pose an important near-term downside risk to growth momentum, Nomura warned

Semi-conductor crunch, high input costs to crimp Q2 show for auto sector

Though weak domestic demand is set to crimp earnings of two wheeler-manufacturers, strong exports are expected to offset this to some extent