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.
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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.
Tata Motors posts ₹27,000 crore loss in Q3
The automobile major posted its third straight quarterly loss in the October-December period.
Retail passenger vehicle sales down by 3%: FADA
Federation of Automobile Dealers Association said that while auto sales are still in choppy waters, initial signs of positive consumer sentiment can be seen post the dull festive season.
JLR’s poor show hits Tata Motors’ profits
The automaker posted a loss of ₹1,009.49 crore on the back of poor performance of its British subsidiary, Jaguar Land Rover.
EV sales double despite FAME II delay
With 56,000 units sold so far, India has shown slow but steady progress towards electric adoption. But in the absence of a comprehensive policy, is it too soon to judge?
Vehicle sales grow 3.43% in August: SIAM
Sales rose to 2,381,931 units as against 2,302,902 units in the year-ago period, SIAM data shows.
Passenger vehicles sales take a hit in July: SIAM
But according to SIAM data, it was a good month for commercial vehicles and two-wheelers.
Maruti Suzuki reports 27% profit growth
The company stated that cost reduction efforts, lower advertisement expense and economies of scale helped improve the operating margin.
