Auto sales surge 20.3% in FY23 on strong demand for passenger vehicles: SIAM
Passenger vehicle sales were the highest, witnessing a surge of 26.7% to 38,90,114 units in FY23, as against 30,69,523 units in the same period last year.
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Maruti Suzuki, Tata Motors, Mahindra & Mahindra rise on robust sales in Q4 FY23
While share prices of leading automobile manufacturers such as Maruti Suzuki, Tata Motors and Mahindra and Mahindra surged as much as 3.5% on Monday, the Nifty Auto index surged 1.53% to 12,430.90.
Quarterly PV sales at record 1 million; India skews further to SUVs, MPVs
In the quarter, 517,898 units of utility vehicles were sold in the domestic market, whereas passenger cars did sales of 468,513 units.
June auto sales show signs of recovery; rural India remains a cause for concern
The CV segment has shown first signs of growth since the pandemic, but demand in two-wheelers is still a far cry from picking up.
Is auto sales growth for real?
Most companies that are seeing a revival in growth are reporting it on a lower base of last two years. Are they really on the growth track?
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.
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.
