Car sales shoot up despite rise in petrol prices
Auto retail sales in February are showing signs of recovery with automakers reporting rise in sales, although petrol prices have crossed ₹100 per litre. Reason: the shift towards personal mobility.
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Don't buy a car, just rent it
Safety and affordability concerns among commuters have given a fillip to shared mobility, with subscription-based models gaining traction. Will the industry realise the true potential of these models?
BMW taps new customers in a bid to go past Mercedes
The German auto major sees a significant contribution of over 50% coming from the locally produced sports utility vehicle range including the X1, the X3, and the X5.
Covid-19 has been a boon for car rentals: Zoomcar
In a candid chat with Fortune India, Zoomcar's co-founder and CEO talks about the booming car rental industry, and how the company is looking to exploit the opportunities thrown up by the pandemic.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
EV sales in India grew 20% in FY20
The growth largely came on the back of two-wheeler sales. The industry sold 152,000 two-wheelers, 3,400 cars, and 600 buses.
What corporate tax cuts mean for auto sector
Though an uptick in demand is expected in the October-November festive season, experts do not see an immediate revival for the sector.
Passenger car sales slump 24% in June
Overall sales of the auto industry, which has been facing headwinds for more than a year, fell 12.34% to 1,997,952 units in June from 2,279,186 units a year ago.
Auto sales decline 15.93% in April: SIAM
Passenger cars—the largest segment by volumes—were the worst hit. Sales fell 19.93% to 160, 279 units in April from 200,183 a year ago.
Maruti Suzuki’s Q4 profit falls 4.6%
The country’s largest carmaker announces a dividend of ₹80 per share and says it will phase out diesel cars from April next year.
