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
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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.
2022 paints a chaotic, uncertain picture for auto sector despite healthy demand
Indian automakers are struggling to bridge the gap between supply and demand as inflated raw materials jolts them with the semiconductor shortage.
Tata, Suzuki, Mahindra, Kia, Ola among 20 firms selected for auto PLI
A total of 115 companies had applied for the PLI scheme in the automobile and auto component industry.
India finally gets a long-awaited scrappage policy
The auto sector is jubilant over the government's new scrappage policy, which was announced by Nirmala Sitharaman during the presentation of the Budget. Some, however, say more work needs to be done.
CARS24 drives into unicorn club
The online transaction platform for used cars raises $200 million from DST Global, and others.
MG enters premium segment with Gloster SUV
This is the third launch for the year for MG, which is present only in the SUV segment.
Auto industry is losing ₹2,300 crore a day
The slowdown-hit sector takes a further hit as the nationwide lockdown hits demand. Auto sales fall 45% in March, SIAM data shows.
Auto sales fall 19.08% in February
The commercial vehicles segment suffered the steepest fall at 32.90%. The latest worry for the industry is the disruption in the supply of auto parts from China due to the coronavirus outbreak.
Challenge is to sustain momentum: MG Motor
We are looking at increasing our India portfolio to four products in two years, says its India head Rajeev Chaba.
