Yet, this was the second straight year of double-digit decline in the auto industry. The low base helped prop up numbers in one quarter but makes the narrative even more worrisome for the full year

The figures for March, which has come at a time when Covid cases are once again rising and the country is in the grip of a second wave, only points towards a darkening of the clouds

COVID-19 crisis: China reports 32 cases on April 4, highest since Jan 31 China reported its biggest daily jump in new Covid-19 cases in more than two months, as a city on the border with Myanmar in southwestern Yunnan province accounted for all new local cases. Ruili's local government put residents in its urban area under home quarantine, launched a massive testing drive and began restricting people from leaving and entering the city from last week after reporting Covid-19 patients. Dome...

The growth was led by the top three players in the industry. Market leader Maruti Suzuki saw its sales grow by nearly 92 per cent at 146,200 units while Hyundai doubled its tally at 52,600 units

The fiscal 2021 tally is the lowest since 2015-16 when sales were 1,305, 351 units. It is also 24.5 percent less than its peak sales of 1,753,700 units in 2018-19

The automaker, which currently sells just two products in the domestic market, plans to launch four products, including the recently unveiled compact SUV Kushaq, over the next one year

Tata Motors says Guenter Butschek will continue as its CEO & MD till June 30, 2021. Llistosella was selected for the top job after the outgoing CEO and MD Guenter Butschek expressed his desire to relocate to Germany as his contract comes to an end, citing personal reasons

Expect domestic air passenger traffic to return pre-COVID level by 2022-23, says ICRAExpecting domestic air passenger traffic to return to the pre-COVID-19 level by the financial year 2022-23 and international by 2023-24, rating agency ICRA on Monday said there could be a delay in the commercialisation of expanded capacity by 9-12 months. ICRA also said the cargo volumes are likely to grow around 36 per cent in 2021-22 and six per cent in 2022-23 after a 25 per cent contraction this fiscal, ...

This large cap stock has rallied 422 per cent from its 52-week low of Rs 63.60 as on March 24, 2020, while it gained 29 per cent in the last two sessions     

The world's most valuable automobile manufacturer registered a local company in India earlier this month, a step towards its entry in the country, expected to be as early as mid-2021

Extending Monday's rally of 11 per cent, Tata Motors shares hit 52-week high of Rs 249.50, up 13.35 per cent, on the BSE

While the going has generally been tough in India's domestic passenger vehicle industry, even before the pandemic hit the economy, Honda's struggle for growth has predated that

It is estimated that during the prolonged lockdown, the auto industry suffered losses of more than Rs 2,300 crore in turnover for every single day of closure

India Stock Market Highlights Today: Global equities were buoyed today as COVID-19 vaccine developments and prospects of more stimulus boosted investor sentiment

The auto major had discontinued diesel models from its portfolio with the onset of stricter BS-VI emission norms from April this year

Finance Ministry said that the government is open to all possibilities to minimise COVID-19's impact and the Finance Minister is not averse to taking any further measures to ease people's suffering

Although the company commands a 43 per cent market share in the domestic commercial vehicle segment, Moody's said it expects around 25 per cent decline in its wholesale unit sales in fiscal 2021 on the back of a 34 per cent decline in fiscal 2020

The sales volume along with exports may fall by 22-25 per cent in the ongoing fiscal to a decadal low of nearly 26.5 lakh units

With the health crisis likely to peak in April-June period, the expectation is that sales in the quarter will decline by as much as 40-50 per cent

Companies want a temporary 10 per cent cut in tax on the sale of all automobiles and auto parts and incentives, in the form of tax rebates, for car owners to scrap their old vehicles, SIAM said