According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,18,775 units in December 2019

Auto sales FY21: The strong growth has seen a reduction of inventory levels across segments, something that will soothe the nerves of dealers

The light commercial vehicles (LCVs) segment has started to recover as they provide last mile connectivity and because of increased e-commerce activities

With gradual opening of colleges and universities expected from next year, the two-wheeler industry is also banking on student buying to add to the sales momentum

The auto industry recorded a turnover of $15.9 billion during the during the first half of 2020-21 against $26.2 billion in 2019-20, which itself was lower than $29 billion in the same period of 2018-19

India Stock Market Highlights Today: Maruti Suzuki, Hindalco, Tata Steel and GAIL India were the top gainers on Nifty rising up to 3.62%. SBI Life Insurance, Infosys, Bharti Airtel and Axis Bank were the top losers falling up to 1.79% on Nifty

Auto sector revival hits a speed breaker in November With the end of the festive season in the middle of November, revival in demand for automobiles in India has started to wane. Three continual months of growth led many to believe a strong revival was well and truly on. Instead, it slowed down 8.92 per cent on annual basis. This confirms auto sector's worst fear that the revival was merely on the back of pent up demand which would be unsustainable beyond festive season.OYO has $1 billion ...

OEMs currently have a capex of around Rs 25,000 - 30,000 crore per year in terms of enhancing their capacity for model launches and upgradation of existing models, according to BWA

India Stock Market Highlights Today: ONGC, followed by NTPC, HDFC, Axis Bank, ICICI Bank, PowerGrid and Nestle India were among the top gainer on Sensex pack. On the other hand, TCS, Tech Mahindra, Infosys and Sun Pharma were among the laggards.

Tata Motors share, which fell to a 52-week low of Rs 63.60 on March 24, touched Rs 152 intra day today doubling investor wealth during the period

The aggregate advertising and sales promotion spending across all sectors in India during FY20 stood at Rs 39,000 crore, a level similar to FY19, revealed a CARE Ratings analysis of 833 companies across 38 sectors

How component maker Minda Industries became an outlier in a down and out sector like automobiles

The pandemic is set to push the auto industry back by over a decade. Partial recovery in June and July has raised hopes, but will it sustain?

India Stock Market Highlights Today: April-June quarterly earnings announcements by Hindalco, NTPC, Glenmark Pharma, Berger Paints, United Breweries, Indian Bank, MRF, Fortis Healthcare, Greenply among others will also set the tone for the stock market today

ICRA noted that while the auto components industry has been hit due to Covid-19 and lockdown, mission critical replacement parts like batteries and tyres would be less impacted

In the first full month after lockdown restrictions were eased in mid-May, two-wheelers and tractors were the two segments showing the most optimistic trends, while passenger vehicles were slow in offtake

Why the sharp recovery and sustained run in stock markets is built on weak fundamentals. Despite the fall, they are trading at double the valuation of the 2008 Lehman crash

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport

These numbers are based on GDP growth in the country slowing down to less than 1 per cent in the fiscal. This decline would push industry volumes back by a decade to around 2.15 million units, a level last seen in FY11

Once the current crisis is over, auto companies expect sops to make parts in India. The aim is to diversify sourcing away from a single destination like China