The outliers: Kia Seltos and MG Hector
What slowdown, ask two new entrants in the Indian auto market, as they find buyers amidst the gloom and doom around them.
auto slowdown
February 2020
January 2020
December 2019
October 2019
Auto Expo taps technology to woo millennials
The expo, which will see launches of connected, Internet cars, will be live-streamed on Facebook Watch and Instagram IGTV. There will be augmented reality and virtual reality booths, too.
No special measures for the ailing auto industry
The industry, which contributes 7% to the GDP, has seen falling sales for more than a year.
Budget 2020: Auto firms seek GST cut
The industry has been under a slowdown for more than a year; it expects the Budget to help revive consumer demand.
Maruti Suzuki’s Q3 profit rises 5%
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
Auto industry pins hopes on new launches
About 50 new launches are expected at the February 7-12 event.
Passenger car sales slide 11% in November
Sales of passenger vehicles, which showed marginal growth in October, also fell last month.
Kia Motors becomes the fourth-largest automaker
After Maruti Suzuki, Hyundai, and Mahindra, Kia Motors sold the most cars in November. It has sold more than 40,000 Seltos since its launch in August despite a slowdown in the auto industry.
Vehicle registrations fell 13% in September
The passenger vehicle segment saw the steepest fall as the festive season and discounts failed to revive sentiments.
Renting cars makes more sense in a slowdown: Hype
Hype founder and CEO Raghav Belavadi says when people don’t have the money to buy cars, renting and subscription is a good option.
