Domestic auto demand to offset weak exports: Report
The ratings agency expects the domestic sales volumes to grow 7%-10% year-on-year in FY24, after rising 19%-21% in FY23.
auto sector
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The New Auto Champions
As industry enters a new growth phase, emerging ancillary players are shaking up the status quo.
India's auto industry to grow in high single digits in FY24: Report
Domestic industry volumes will continue to drive growth, with export prospects remaining weak, says ICRA.
India's auto component industry's great chance to be factory to the world
India is the third largest automotive market and is expected to lead the rebound in passenger vehicle sales.
Heavy taxation coming in the way of growth in car market: RC Bhargava
At 28%—the highest slab of GST—and a compensation cess ranging between 1% and 22%, India's policy of heavily taxing passenger vehicles is dulling the prospects of growth in the industry, says Bhargava
Auto sector recovery continues as Nov sees record sales
SIAM data shows auto companies sold 2,76,231 PV units in November 2022, a growth of 28.1%. It’s 32% if Tata Motors’ numbers are added.
Steep price hike due to BSVI-II; auto sector must stay cautious: FADA
The implementation of BSVI Stage II regulations, which will mandate the onboard diagnostics (OBD)-2 norms, is going to entail a steep price hike across all categories of vehicles.
Auto sector kicks off festive season with 10% growth in PV sales
FADA says October will see auto retail on high grounds, with dealers anticipating the month to be the “best festive in a decade” for the PV segment.
Auto sector continues steady recovery; Maruti, Tata Motors big gainers
Mahindra Auto sells 29,516 SUVs, a growth of 87% YoY; Hyundai sales increased by 5.3% on a YoY basis
Auto sector signals revival; records positive sales growth in May
Maruti Suzuki India, Tata Motors, TVS Motor and others record positive sales growth in May on account of a low base during the same period last year.
