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Demand from semi-urban India fires up Auto Sector's engines
Sales also went up in West Bengal, Uttarakhand, Tripura, Meghalaya and Arunachal Pradesh. Interestingly, the increase in sales in these states has come at a time when the overall market for passenger vehicles tanked 25% to 1.7 lakh units last month.
Bounce in July sales to bring auto counter alive
The first quarter had proved to be painful for auto industry due to the nationwide lockdown ...
M&M CFO on improving tractor biz and road to recovery for the auto sector
We have made a clear path for all loss-making subsidiaries, says An...
Sharp rebound for auto sector: Hiring picks up in Motown as companies restart production
Bulk of the job postings were in the month of June as automakers restarted production. Data from staffing firm Xpheno showed the automotive industry had over 8000 jobs in July across sectors.
Auto sales show solid bounce in July; tractors in a fast lane
Tractor sales, though, bucked the trend on the back of a normal monsoon, robust sowing and higher government expenditure in rural areas.
Auto sector reels under losses as lower incomes, moratorium alter auto finance dynamics
Banking and automobile industry executives said several lenders increased credit score required to give loans to salaried and self-employed individuals. Lenders have become particularly cautious of people in the hospitality, travel, tourism and aviation sectors, which have been heavily hurt by the impact of the Covid-19 pandemic.
Tesla slashes Model Y SUV price as pandemic weighs on auto sector
The Model Y now starts at $49,990, down nearly 6% from its previous price of $52,990, according to the carmaker's website.
Auto, realty, bank stocks mixed after RBI maintains status-quo on rates
The Nifty Auto index was trading 0.38 per cent down at 7460.65 while the Nifty Bank index was trading flat at 21504.45 around 12:09 PM. Meanwhile, the Nifty Realty index was trading 1.41 per cent up at 205.25 around the same time.
Maruti Suzuki to gain as demand for hatchbacks revives on Covid scare
If the current trend sustains, Maruti Suzuki may outperform passenger vehicle growth in the current fiscal.
Sustainable move above 10,750 can take Nifty to 11,200 zone
A sustainable move above 10,750-10,800 will lead to a sustainable bullish trend
Signs of revival for auto sector: Hyundai Motor India touches 98% of pre-Covid levels in July
Hyundai Motor India sold a total of 41,300 units in the last month. This includes 38,200 units sold in the domestic market and 3,100 units in the export markets in July 2020.
RBI policy, Q1 earnings, auto sales, dollar among key factors that may guide Dalal Street this week
Here are some of the key factors expected to move the market in the week ahead.
Coronavirus' impact on India's auto sector
COVID-19 led to supply chain disruptions and production halt in the latter half of March 2020.
Auto makers expect demand for compact SUVs to revive sector hit hard by lockdowns
Functionality, space and comfort -- along with great driving experience and manoeuvrability – has led to more consumers preferring this category, according to industry experts, with leading automakers Maruti Suzuki, Mahindra and Mahindra, Hyundai Motors , Ford and Tata Motors offering key models that cater specifically to this segment.
Auto sector revenue drops 15 percent in Jan-Mar: Ind-Ra
Pharma and fertilisers sectors showed resilience, with positive quarterly revenue growth on yoy basis, largely due to their essential nature of service, said the Ind-Ra. It further said equity foreign portfolio investments saw a rebound to near pre-COVID levels during the first week of June 2020, reaching Rs 21,900 crore, whereas the debt segment saw a sell-off to the tune of Rs 1,600 crore.