Ashok Leyland, RITES, CG Consumer & Tata Steel among companies on FPIs' buy list
FPIs added ALL and Crompton Greaves Consumer after a gap of over five quarters.
Ashutosh R Shyam
Scrapped vehicle market pegged at Rs 43,000 crore
Scrappage policy for old cars and two-wheelers could create fresh jobs and also boost growth.
Coronavirus impact: Dollar, equities and gold rally; why 2020 could be a year of rate cuts
The demand for the Japanese yen often increases amid rising risks to economic growth.
Significant new customer category: More women in the driver’s seat, literally
The share of women buyers among those who purchase luxury cars such as Mercedes Benz and Audi is even higher, at 15-20% — growing faster in a declining market. At Maruti Suzuki, the share of women buyers has jumped to 12% from 7% five years back, while its rival Hyundai Motor has seen it growing fourfold to 12% since 2014.
Car companies expect single-digit growth in FY21
Two-wheeler and truck makers fear sales could shrink owing to price hikes after BS-VI.
China virus outbreak: Tata Motors extends JLR plant closure; M&M foresees supply woes
JLR develops an app to track employee health while M&M says some parts may be in short supply.
Established automakers collaborate with new age firms for future mobility solutions
Service provider Reliance Jio showcased at the expo its technology developments that connect vehicles to the cloud and can be used for wireless information exchange. The company is yet to commercialise these technologies. Telecom companies see great opportunity in collaborating with carmakers to provide wireless communication as vehicles get more and more connected, experts said.
Vehicle loans from banks more than double in December quarter
Easier finance availability helped registrations of two-wheelers, cars get back into black in previous quarter.
Double-digit growth was norm until inimical factors hit sector: Rajiv Bajaj
Bajaj Auto MD Rajiv Bajaj said double-digit growth was generally the norm until the industry ran into a host of "inimical factors" in the last 18 months. Bajaj Auto chose to be global, despite India being the largest two-wheeler market in the world, as it had no control over local factors.
‘Pre-buying of commercial vehicles gaining momentum’
Daimler India Commercial Vehicles (DICV), the maker of Bharat Benz trucks, expects January-March quarter (Q1) to be positive after decline of multiple quarters, and is hoping for sops in the upcoming budget to drive consumption and cushion the decline that is expected post price increase of almost 10-15% in Q2 and Q3 of 2020 due to the implementation of BS-VI norms-compliant technology.
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