Honda said it saw double-digit growth in retail sales during this year's festive season over last year, but it was too early to say whether the momentum would carry over the rest of this fiscal

Corporate India strengthened its resolve and tightened its belt, but slowdown hit market capitalisation of BT 500 companies for the first time in seven years.

The market churn throws up new winners and losers in BT 500.

Maruti Suzuki finds itself at the receiving end of the unprecedented slowdown in India's automobile market. It has slipped out of the top 10 list.

Corporate India strengthened its resolve and tightened its belt, but slowdown hit market capitalisation of BT 500 companies for the first time in seven years.

Even in the passenger vehicle segment, the heavy lifting was done by utility vehicles that saw a 22 per cent increase in sales, thanks to new products like the Kia Seltos, MG Hector, Hyundai Venue, Maruti XL6 and Mahindra XUV3OO

Passenger vehicle sale: Auto companies sold a total of 2,85,027 passenger vehicles in October, against 2,84,223 in the same month last year

The mid-size segment, which comprises cars like Ciaz, saw the steepest decline of 45 per cent with the company producing just 1,922 units against 3,513 units rolled out in the year-ago period

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Suzuki Motor Corporation, the parent of India's biggest car-maker Maruti Suzuki, was scheduled to commission the plant in Gujarat by April 2020, will now start operation by next July

M&M Q2 results: M&M sold 1,10,824 vehicles during September quarter of 2019 as against 1,41,163 units sold in the same quarter last year, posting a decline of 21 per cent

India's auto sector has gone into a tailspin this year as tight liquidity at shadow banks, high taxes and a weak rural economy have sapped consumers' buying power

The Japanese automaker issued the warning after it reported a slump in quarterly profit this week on tumbling sales at its Indian unit, Maruti Suzuki which accounts for half the number of cars sold in India

Kia Seltos has outsold Hyundai Creta in each of the last three months since its launch in August; Kia's heavily competitive price and impressive features propelled it to the 5th spot in the list of top-selling automakers in India

In the joint venture - Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) - Maruti Suzuki India (MSI) will have 50% share, while Toyota Tsusho Group companies - Toyota Tsusho Corporation and Toyota Tsusho India Pvt Ltd - will hold the remaining stake

In its very first month, Maruti's new hatchback S Presso entered the list in the 8th position while another new entrant Kia Seltos logged its best ever sales in a month in its short three month lifespan with 12,854 units

Dabur India Q2 results: Consolidated revenue from operations of the owner of Vatika hair oil and Real juices stood at Rs 2,211.97 crore as against Rs 2,124.97 crore in the year-ago period, a growth of 4.09 per cent

Japan's fourth-largest automaker posted an operating profit of 55.9 billion yen ($513.83 million) for the July-September quarter, down from 82 billion yen a year ago

The conspiracy theory on the latest rankings in India aside, the shutting down of JD Power in South East Asia could be directly linked to the acute slowdown in the global automotive industry

Maruti Suzuki made most of the festive season and posted a growth of 4.5 per cent in its domestic wholesales at 1,44,277 units in October