Indian Automobile Sales

Bad news for financiers: CVs in for a long haul, may be last to recover

Lower fleet utilisation, weak cash flows keep NBFCs under pressure

BS-VI transition, economic slowdown drag auto sales down 19.8% in Feb

Vehicle sales across categories stood at 16,46,332 units last month as against 20,34,597 units in February

Auto sector slowdown to continue as demand unlikely to revive: Report

The 3 million-plus-units domestic auto industry has seen volume plunging over 16 per cent as of December-end 2019, with some of the segments performing even worse

Auto sales continue to slide in Dec, likely to remain subdued for some time

With total sales of 133,296 passenger vehicles, the country's leading carmaker Maruti Suzuki India recorded 2.4 per cent year-on-year rise in car sales during December

Concrete economic plan needed, not foolish theories on millenials: Rahul

Congress leader Rahul Gandhi on Thursday attacked the Modi government over the state of the economy, saying what India needs is not propaganda, manipulated news cycles and foolish theories about millennials, but a concrete plan to fix the economy. Gandhi's attack on the government comes two days after Finance Minister Nirmala Sitharaman in Chennai on Tuesday said that the slowdown in the automobile sector was due to many factors like the change in mindset of millennials, who now prefer taxi aggregators like Ola and Uber, instead of committing for monthly installments to own a car. "What India needs isn't propaganda, manipulated news cycles & foolish theories about millennials, but a concrete plan to #FixTheEconomy that we can all get behind," Gandhi said in a tweet. "Acknowledging that we have a problem is a good place to start," the former Congress president said. Gandhi also tagged an interview of former prime minister Manmohan Singh in which he had said the government must ...

Automobile dealers look for strategies to revive sales, arrest job losses

Auto sales have been declining for 13 straight months as a broader slowdown in the economy has crippled demand across the country

Only govt can improve market sentiment, says Hyundai CEO on auto slowdown

I have gathered that the slowdown is primarily related to poor customer sentiment in a poor economic scenario, says S S Kim

200,000 jobs lost in 3 months across auto dealerships, says FADA

In the last three months, around 2 lakh jobs have been cut to reduce the impact of dip in sales

'Cars don't sell': How a shadow banking crisis is hurting autos sector

Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% - the sharpest recorded fall in 18 years

Staying in the slow lane: India's $70 billion car market could use a jump

Sales have been plummeting despite Modi's campaign pledges to help consumers. They'll need more than empty promises to start buying.

Prolonged slowdown: Feb auto sales at a new low due to poor demand

Dealers are looking to cut down on their inventory in March and April

Automobile sector rides low base to high growth; passenger vehicle sales up

Maruti Suzuki, Hyundai, Tata Motors and Toyota all reported double-digit growth

89% of India's auto sales are digitally influenced: Google report

The report shows that in the last two years, there has been a 2.5-time increase in consumers who are taking only two months to buy a four-wheeler.