Car sales fall 36% in July
Data released by SIAM on Wednesday shows that passenger cars sales fell to 122,956 units from 191,979 a year ago due to muted consumer sentiment.
auto sales
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Future of mobility: It’s clean and connected
These are rough times for the auto industry grappling with falling sales and the shift to BS VI emission norms. Automakers feel that two trends can spark a revival—connectivity and electric mobility.
M&M’s Q4 net profit falls 20% on weak rural demand
NBFC crisis also takes toll; standalone revenue for the quarter rises 6%
By 2030, half of new sales will be natural gas vehicles
A study by the institute says the number of natural gas vehicles in India is expected to shoot up to 33 million by 2030 from 3.3 million in 2019—a 900% rise.
Pre-election uncertainty affects March auto sales
According to the latest figures released by SIAM on Monday, sales of passenger cars—the largest segment by volumes—dropped 6.87% from a year ago.
Indians are moving away from car ownership: Revv
The Hyundai Motors-backed shared mobility service says that it’s not like all car buying customers will move to pay-per-use model but the adoption will keep on increasing.
No major announcement for the auto industry
Except for push for electric vehicles, there was no cut in GST or tax benefit for alternative fuel vehicles.
Passenger vehicle sales decline in December
SIAM says global factors such as a slow-growing world economy and the ongoing trade war between the U.S. and China will pose a major challenge to India’s automobile industry.
Passenger vehicle sales fall 5.6% in September: SIAM
Domestic sales face headwinds due to rising fuel prices, but exports and production figures look quite healthy
