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

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

According to the Federation of Automobile Dealers Associations, passenger vehicle retail sales in November witnessed a year-on-year rise of 4.17 per cent to 2,91,001 units compared to 2,79,365 units in November 2019

FADA says only 43 percent of the dealers are feeling good about festive season and only 33 percent of them expect growth in November. Significantly, 30 percent says there may be a decline this month as well. On inventory levels, FADA says average inventory for PVs has shot up to 35-40 days

Discussions are also ongoing to let Hero become a contract manufacturer for at least one Harley motorcycle with 300-600 cc engine capacity, which it will launch later

Shekhar Vishwanathan, Vice Chairman of Toyota's local unit Toyota Kirloskar Motor has said that the government keeps taxes on cars and motorbikes so high that companies find it hard to scale up

Public sector bank services at doorstep; govt rolls out new banking featuresFinance Minister Nirmala Sitharaman inaugurated doorstep banking services by public sector banks (PSBs). Banks aim to provide convenience to their customers and at their doorstep through call centre services, web portal and mobile app. Customers would also be able to track their service requests through these channels.DCGI notice to Serum Institute after AstraZeneca halts Oxford COVID-19 vaccine trialsThe central ...

Apex national body of automobile retail industry said overall demand is still not equal to pre-COVID levels, as despite abundant liquidity, risk-averse mood of banks and NBFCs, coupled with stricter CIBIL scores, failed to capture the demand in August

Elaborating on tasks at hand, he said FADA would also work for making auto retail business viable again by taking steps to enhance profitability of the dealer community which has been hit hard by a prolonged slowdown

Last week, wholesale figures released by industry body Society of Indian Automobile Manufacturers (SIAM) shows that the number of vehicles produced and shipped from the factories to dealerships across the country,had also shown a similar 41 per cent decline for the month

The Federation of Automobile Dealers Associations (FADA), however, said a clear picture will emerge only after the end of this month when it will roll out a survey to understand how its dealer members are planning

Two-wheeler sales declined 88.8 per cent to 1,59,039 units last month as compared with 14,19,842 units in May 2019

The Supreme Court bench ordered telecom companies to pay their AGR dues immediately, putting an end to all hopes of relief in the matter

The Supreme Court bench of Justice Arun Mishra and Deepak Gupta made it clear that the deadline for BS-IV vehicles will not be extended by even one day

Donald Trump impeached, Senate trial to decide if he'll continue as PresidentUS President Donald Trump on Wednesday became the third U.S. president to be impeached as the House of Representatives formally charged him with abuse of power and obstruction of Congress in a historic step that will inflame partisan tensions across a deeply divided America. The Democratic-led House's passage of two articles of impeachment on a mostly party-line vote sets the stage for a trial next mont...

FADA has requested the apex court to allow inventory purchased before March 1, 2020 to be sold after the deadline in the event they could not be liquidated by the end of this fiscal

Auto crisis: This year, the industry is keeping it simple, treating the festive month of October as regular even as both Navratra and Diwali are falling in it. 

Mirroring the weak consumer sentiment and slowdown in the sector, S&P BSE auto sector index has fallen 35% during the last one year, with home-grown Tata Motors falling 55% in the same period.

The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come

Slowdown Blues: Normally the credit period is of 60 days but the State Bank of India (SBI) has extended the same to 75 days in some cases or 90 days in others.