Domestic passenger vehicle sales dropped by 23.69 percent in September to 2,23,317 units, down from 2,92,660 units in the year-ago period, making it the 11th consecutive month of decline in vehicle off-take
Maruti Suzuki reports 27% dip in domestic vehicle sales to 1.12 lakh units in September; exports down 18%
The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday reported a 24.4 percent decline in sales at 1,22,640 units in September
Mahindra, Tata Motors offer discounts on select models to lure in customers, beat auto sector slowdown
Auto sector majors like Mahindra and Mahindra and Tata Motors are the ones who are offering huge discounts.
It is significant that auto sales in India have dropped 19 percent this year. But it cannot be a coincidence that a similar decline is evident in many other countries.
Maruti Suzuki pins hopes on festive season for demand revival; company to provide attractive offers to consumers
The country's largest carmaker Maruti Suzuki India is pinning hopes on the festive season for a turn around in the auto industry irrespective of government help forthcoming or not, according to a senior company official
Passenger vehicle retail sales fall 11% in July, hit by weak demand across the country: Industry body FADA
Retail sales of passenger vehicles (PV) declined by 11 percent to 2,43,183 units in July as compared to the same period last year, hit by weak demand across the country, automobile dealers' body FADA said on Monday
Auto stocks tumbled up to 9 percent on Tuesday after industry body SIAM reported that automobile sales in India witnessed sharpest decline in nearly 19 years in July, dropping 18.71 percent, rendering almost 15,000 workers jobless over the past two-three months
Vehicle sales across categories registered a decline of 18.71 percent to 18,25,148 units from 22,45,223 units in July 2018
Mahindra and Mahindra AGM: Cut taxes or rollback cess as auto gloom deepens, says chairman Anand Mahindra
Pitching for a lower GST or a rollback of the cess to pull the automobile industry out of the slowdown, M&M group chairman Anand Mahindra on Wednesday said that a revival of the industry would have a ripple effect on the entire economy
Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales
Continuing to face rough weather, Maruti Suzuki, Hyundai and three other auto majors reported a double-digit decline in sales in July as consumer sentiment remained subdued
Bajaj Auto on Friday posted 2.84 percent decline in its consolidated net profit at Rs 1,012.16 crore for the first quarter ended 30 June
Maruti Suzuki Q1 net profit dips 32% at Rs 1,377 cr on lower sales volume, higher depreciation expenses
The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported 31.67 percent decline in consolidated net profit at Rs 1,376.8 crore for the first quarter ended 30 June, on account of lower sales volume and higher depreciation expenses
Tata Motors reports net loss of Rs 3,679 cr in Q1; company's shares fall nearly 5% on ratings downgrade
Homegrown auto major Tata Motors on Thursday reported a consolidated net loss of Rs 3,679.66 crore for the first quarter ended 30 June
Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown; seeks reduction in GST rate
Auto Component Manufacturers Association of India (ACMA) on Wednesday sought a reduction in GST rate to a uniform level of 18 percent for the entire automobile industry to stimulate demand and help save around 10 lakh jobs, which are at risk due to the prolonged slowdown in vehicle sales
Automobile major Mahindra and Mahindra (M&M) on Monday reported a 6 percent fall in total sales to 42,547 units in June
Maruti Suzuki India on Monday reported a 14 percent decline in total sales at 1,24,708 units in June as against 1,44,981 units in the same month last year
Arvind Subramanian’s wisdom of hindsight on GDP numbers puts India in a tricky spot; tells us we were living an illusion
Often, India’s GDP growth pace has been compared with that of China, also the country’s status of being world’s fastest growing major economy.
Economic slowdown: Why there will be no honeymoon period, no scope for window dressing for India’s next government
Slowing vehicle sales, muted consumer spending, low retail loan outflow and struggling factory output are indicating a worrying trend of an economic slowdown in Asia’s third-largest economy.