Passenger vehicle sales to fall in FY21: ICRA
The ratings agency said that the passenger vehicle segment's FY21 volumes are expected to see a drop, as it is tied to GDP and overall consumer sentiment, both of which are at historic lows.
commercial vehicles
October 2020
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Euler Motors raises ₹20 crores in Series A funding
The investment was led by Inventus Capital India, along with Blume Ventures, US-based Emergent Ventures, Singapore-based Jetty Ventures, and Udaan’s co-founder Sujeet Kumar.
‘Smart trucks will give us competitive advantage’
Vinod Aggarwal, MD and CEO, Volvo Eicher Commercial Vehicles, speaks about its BS VI readiness, the tech advances in the commercial vehicle segment, and the slowdown crippling the auto industry.
‘BS VI could create short-term headwinds for CVs’
India Ratings and Research says demand for these vehicles will take a hit in the near term.
Sales of passenger vehicles rise marginally in October
Total industry sales, however, fell nearly 13%, according to SIAM data.
Bajaj Auto’s Q2 net profit rises 22% on tax benefit
Rise in exports and lower tax outgo help the Pune-based motorcycle maker in the September quarter even as sales continue to suffer due to subdued demand.
Car sales fall 36% in July
Data released by SIAM on Wednesday shows that passenger cars sales fell to 122,956 units from 191,979 a year ago due to muted consumer sentiment.
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.
M&M’s Q4 net profit falls 20% on weak rural demand
NBFC crisis also takes toll; standalone revenue for the quarter rises 6%
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.
