Dealers say drop is less on account of real lack of demand and more to do with supply side constraints as manufacturers are unable to make as many vehicles as required due to a global shortage of semiconductors

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

The company, a joint venture between Japanese auto major Toyota and Kirloskar Group, has witnessed a 6 per cent increase in wholesales in the October-December quarter

The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019

Domestic passenger vehicle (PV) sales stood at 23,545 units last month as against 12,785 units in December 2019, up 84 per cent, Tata Motors said in a regulatory filing

SIAM on Friday released inaccurate industry sales data for November with inflated numbers for Maruti Suzuki and later revised it

DLF share rose up to 3.3% to Rs 219 against previous close of  Rs 212 on BSE

On Wednesday, the rupee strengthened by another 3 paise to mark its seven-week high of 73.57 per US dollar, supported by foreign portfolio flows and positive domestic equities

India Stock Market Highlights Today: UltraTech Cement followed by Tata Steel, ONGC, IndusInd Bank, HDFC Bank, M&M, Infosys and Reliance Industries were among the top losers in the Sensex pack. On the other hand, Maruti, Nestle India, Titan and PowerGrid were among the gainers

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

India Stock Market Highlights Today: HDFC twins, Reliance Industries were among the top losers and Tata Steel, Titan and Asian Paints were among the top gainers

After four months of growth, the worst fear of auto sector - the revival was merely on the back of pent up demand and would not sustain beyond festive season - seems to have come true

India Stock Market Highlights Today: ICICI Bank, Airtel, Infosys, M&M were among the top losers today. On the other hand, Kotak Bank, NTPC, Maruti were among the top gainers

India Stock Market Highlights Today: Bajaj Auto, M&M, L&T, HDFC, Bharti Airtel, Sun Pharma, UltraTech Cement, Titan and Tata Steel were among the top gainers on Sensex pack. On the other hand, IndusInd Bank, Infosys, Maruti and ONGC were among the laggards

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

This is an economy of contradictions: Micro economy is seeing signs of life while macro economy is in cold storage; stock markets divorced from the shrinking real economy; rural India is doing way better than urban India

As Diwali approaches in November, Korean auto giant has started ramping up inventory at dealerships across India to clock in high sale numbers

India Stock Market Highlights Today: Titan, followed by L&T, ONGC, Tech Mahindra, Bajaj Auto, HUL and Nestle India were among the top laggards in the Sensex pack. On the other hand, Axis Bank, Asian Paints, UltraTech Cement and HCL Tech were among the gainers

India Stock Market Highlights Today: Reliance Industries, followed by Tata Steel, Bajaj Finance, Asian Paints, M&M, ICICI Bank and Bajaj Finserv were among the top laggards in the Sensex pack today. On the other hand, IndusInd Bank, Nestle India, PowerGrid and L&T were among the gainers

While not a lot should be read into the September wholesale figures, it does indicate that supply side constraints on production due to the coronavirus induced lockdown in April and May that had hampered the industry in the first quarter have subsided