Automobile Dealers

Tata Motors PV shares fall 4.8% on JLR volume drop and margin cut

Tata Motors Passenger Vehicles slipped almost 5 per cent after a sharp drop in Jaguar Land Rover volumes and a cut in the luxury unit's margin outlook

Strong Q2, EV gains power bullish view on TVS Motor Company; targets raised

The Street expects TVS Motor's consistent outperformance, new launches, and EV traction to sustain earnings momentum, even as some brokerage houses flag valuation concerns.

From subsidies to surplus: How China's car boom spiralled into oversupply

Inside China's spiralling auto industry crisis is the problem of surplus. Factories are churning out more cars than buyers want, leading to heavy discounts and abandoned vehicles

JM Financial downgrades CarTrade; stock bleeds 19%, 'Sell' call explained

Domestic brokerage JM Financial downgraded CarTrade to a 'Sell' rating from 'Hold' with a September 2026 target price of ₹2,350, implying around 14 per cent downside from current levels.

Festival season cheer on hold as auto buyers await GST relief and discounts

Festival offers are already running with benefits between ₹1.5 lakh and ₹2 lakh on some models

Landmark Cars stock jumps 6% as B&K Sec initiates coverage, 60% upside seen

B&K Securities initiated coverage on Landmark Cars with a 'Buy' rating and a target price of ₹820 per share

Auto sales shrug off rare earth, US tariff clouds to log June gains

Passenger vehicle sales grew modestly by 2.5% in June as rains and liquidity concerns affected demand, while all other segments also recorded positive year-on-year growth

Geopolitical tensions, US tariffs may hit India's auto sales, warns Fada

Retail volumes fell 9.4 per cent in June from a month ago and the average time a car stayed in a showroom, or inventory days, rose to about 55 days from 52-53 days in May

Analysts bullish on Maruti Suzuki post Q3, positive on CNG, EV growth

The Maruti Suzuki's e-Vitara electric vehicle (EV) is expected to fuel long-term growth, especially with strong export potential, analysts said.

Auto majors end 2024 with positive sales growth driven by new launches

Riding on the back of new launches, major carmakers reported positive sales growth in Calendar Year 2024

From US to Japan, here's how strongest car unions deal with EV job losses

In South Korea, Hyundai Motor Co. and Kia Corp.'s moves toward electrification are provoking similar anxieties in that country's highly active and organised labour movement

Eye on affordability? Tata Motors latest to slash prices of electric cars

Company say it is passing on benefits of reduced battery prices, keeps Punch cost unchanged

BBT aims for Rs 600 cr topline, with one-third revenue coming from K'taka

Pre-owned luxury car seller Big Boy Toyz on Wednesday said it aims a topline of Rs 600 crore in the coming financial year, with one-third of this revenue coming from Karnataka. The company also announced the opening of its first dealership in Bengaluru and the fifth overall in India on Wednesday, which would offer an extensive range of high-end luxury brands including Audi, BMW, Mercedes-Benzes, Bentley, Rolls-Royce and Porsche. Till now, the company was retailing the pre-owned cars online in the state. Besides, Bengaluru, Big Boy Toyz (BBT) has outlets in Delhi, Mumbai, Hyderabad and Ahmedabad as well. The opening of an outlet in Bengaluru is not just an expansion but a significant step towards a revenue target of Rs 600 crore in FY25, Big Boy Toyz said in a statement. The company is expecting to close the current fiscal at a revenue of Rs 400 crore, as per the statement, adding that its digital business in Bengaluru has already surpassed the Rs 100-crore mark. The new showroom

Auto-tech solutions firm CarDekho Group expects 60% growth in 2024

"After maintaining a growth rate of over 60 per cent in the last three years, the Group projects similar favourable growth in the upcoming year," said the company

No-cost, longer-tenure EMIs gain traction, drive consumer product sales

Notably, to address the concern of the rapid rise in unsecured consumer loans, the RBI increased the risk weight on consumer credit

Automobile dealers flag 'distress' if Diwali sales fail to dazzle

The country's largest passenger car maker Maruti Suzuki India (MSIL) agreed that inventory levels are inching up in some models

Auto deals jump 858% in Q2FY24 on back of 16 deals worth $939 million

This substantial growth was primarily fuelled by five high-value deals, each surpassing $100 million

Hyundai's dealers most satisfied, Maruti at number 2: Fada survey

Kia, which topped the survey in 2022 and 2021, slipped to fifth place in this year's assessment

60-day PV stock not a worry ahead of 'bumper' festival season: Fada

FADA calculates the festival season from the first day of Navratri to 15 days after Dhanteras

Passenger vehicle retail sales lag wholesales in August, shows data

In August, PV wholesales were at an all-time high at 360,897 units, beating the previous peak of 355,400 units in September 2022