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Total 115 results found. Search for [ hit by lower vehicle sales ]

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Sumant Banerji
September 1, 2019
Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.


PTI
New Delhi, September 1, 2019
In the domestic market, M&M sales were down 26 per cent to 33,564 units last month, compared to 45,373 units in August 2018


Sumant Banerji
August 23, 2019
The hike in depreciation benefit will be valid for all vehicles bought between now and March 2020. It is expected to help clear the high inventory build up at dealerships across the country today


BusinessToday.In
August 21, 2019
Tata Motors share price fell 11.51% to Rs 109.55 intra day, a fresh ten-year low, compared to the previous close of Rs 123.80 on BSE.


Sumant Banerji
New Delhi, August 19, 2019
The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come


BusinessToday.In
August 8, 2019
Addressing the company's shareholders at its 73rd AGM, Mahindra pitches for short-term measures to catalyse consumption, either by reducing GST or cess rollback, adding this would have a \"benevolent ripple effect\" on the economy


PTI
August 7, 2019
The BSE Sensex slumped 286 points on Wednesday after the RBI slashed the benchmark lending rate but also lowered the growth estimate for the current financial year, underscoring risks to economic revival amid multiple headwinds.


PTI
August 7, 2019
The CBI on Wednesday urged a special court here to grant permission to conduct polygraph and narco analysis tests on Gokulnath Shetty, a former Punjab National Bank official and key conspirator in the multi-crore fraud case in which diamond merchants Nirav Modi and his uncle Mehul Choksi are the prime accused.


Reuters
August 7, 2019
Twitter Inc said on Tuesday that it may have used data for personalized ads without a user's permission due to issues with the microblogging website's settings.


Reuters
August 7, 2019
Japan's SoftBank Group Corp raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund.


PTI
August 7, 2019
Gold prices on Wednesday surged Rs 1,113 to hit an all-time high of Rs 37,920 per 10 gram in the national capital on sustained buying from jewellers amid strong trend overseas as fresh trade tensions between the US and China prompted investors to move towards gold as safe haven asset.


BusinessToday.In
New Delhi, August 7, 2019
HCL Tech Q1 results: Consolidated revenue from operations increased by 8.14 per cent to Rs 16,427 crore in Q1FY20 as compared to Rs 13,878 crore in Q1FY19


PTI
August 7, 2019
Mahindra & Mahindra on Wednesday reported a 52.56 per cent decline in consolidated profit after tax to Rs 894.11 crore in the first quarter ended June 30, hit by lower vehicle sales.


Reuters
New Delhi, August 1, 2019
Shrinking markets in China as well as India spell lower earnings for many automakers, which have invested heavily in plants and vehicle development in both countries on expectations they would power global auto sales growth for years to come


BusinessToday.In
July 10, 2019
Shares of various automobiles manufacturers were trading lower on Wednesday after the data released by the Society of Indian Automobile Manufacturers (SIAM) showed a slump in domestic sales generated as well as the production figures.


BusinessToday.In
July 2, 2019
Union Budget 2019 Live: With today's budget, the Modi government seeks to reverse weakening growth and investment to regain India's fastest growing economy tag


BusinessToday.In
June 12, 2019
Benchmark indices Sensex and Nifty extended losses to close lower on Wednesday. Across the board selling was witnessed in the market as investors remained on the sidelines amid global trade war concerns and a softening in global demand.Sensex declined 193 points to close at 39,756, with 22 componentsin the red, while broader index Nifty was down by 55 points to 11,906 level, with 35 stocks falling on the closing bell.Except, FMCG and Metal, all the sectoral indices closed in the red, with maj...


BusinessToday.In
New Delhi, June 10, 2019
Worried that the ongoing GDP growth deceleration may pick up pace, some states are favouring a reduction in tax rates in the upcoming GST Council meeting. The highest tax bracket of 28% currently comprises 28 goods.


BusinessToday.In
May 9, 2019
 Indian equity market extended losses for the seventh consecutive session on Thursday led by decline in Power, Pharma, Energy indices. Escalated trade tensions between China and the US also prompted investors to remain cautious throughout the trading session.


BusinessToday.In
New Delhi, April 30, 2019
\"The near-term prospect of the domestic two-wheeler market is likely to remain challenging, the festive season however is expected to brighten up sentiment and revive growth in the second half of FY20,\" said Pawan Munja, Chairman, Managing Director & Chief Executive Officer of Hero MotoCorp


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