As city SUVs gained in popularity, premium sedans saw their sales wane and some products even got yanked from the market altogether
The new variant comes with aero edge design, dual-tone interiors, high-fuel efficiency, and latest safety features
Auto market leader announced in June it was exiting diesel segment
Federal Bank MD and CEO Shyam Srinivasan said the arrangement will help the bank offer end-to-end solution for dealers and retail banking customers.
Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.
Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago
On Tuesday, Maruti Suzuki India announced to increase prices of its models from January to offset rising input costs.
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Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they are also contemplating a similar move
Maruti Suzuki India on Tuesday said it will increase prices of its vehicles from January to offset rising input costs
Domestic sales declined by 1.6 per cent at 143,686 units last month as against 1,46,018 units in November 2018
Rural market contributes 40% sales for India's top carmaker, up from 7-8% 10 years back
Traders should try to buy any dip at higher levels as Nifty has maximum put OI at 12,000 which will act as major support levels for the weekly expiry
With friction leading to 26% dropouts for 4-wheelers and 34% for 2-wheelers, companies such as Maruti, Hyundai look at ways to plug the gaps
Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 85,064 units
India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power
The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said. The company, which posted a growth in domestic passenger vehicle sales after seven months in October, said it would take at least few more months to get clarity if the industry is finally on a revival path. "We are cautiously optimistic. The reason why we are cautious is that we do not have a crystal ball. Many of the factors like high cost of acquisition, confusion related to BS-IV and BS-VI, issues related to finance norms and liquidity etc, continue to be there," MSI Executive Director (Marketing & Sales) Shashank Srivastava told PTI. He was replying to a query whether October sales were an indication of revival of the industry which has been grappling with demand slowdown for almost a year now. "We are optimistic a little bit because the ...
Car sales decline due to increase in retail sales in festive season, Maruti sales rebound to growth