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It states that the Central govt has the power to exempt any of its agencies from application of the Act.

Car sales

Dec 10, 2019, 03.39 PM IST

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CAR SALES

Auto sales fall in November after festive spike

As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales last month declined 0.84% to 263,773 units.

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  • Foreign pension funds and private equity funds were showing more interest in India’s highway road assets within the infrastructure space given the policy issues involved with various states in other infrastructure asset classes, Asheesh Sharma, member (finance), the National Highways Authority of India (NHAI) said.

    Petrol version of the BS-VI compliant Honda City is available in both manual and automatic transmissions, while diesel version will be introduced subsequently, HCIL said in a statement.

    The sales of Jaguar brand were at 11,464 units during the month, down 23.1 per cent per cent from November 2018, Tata Motors said in a BSE filing. Land Rover sales stood at 35,078 units, up 5.5 per cent per cent from the same month last year, it added. Tata Motors-owned Jaguar Land Rover (JLR) on Monday reported 3.4 per cent decline in total retail sales.

    The combined arms sales of the three Indian arms companies listed in the top 100 were USD 5.9 billion in 2018— a decrease of 6.9 per cent on 2017. The three Indian companies on SIPRI's list of top 100 global arms firms are Hindustan Aeronautics Limited ranked 38, the Indian Ordnance Factories ranked 56 and Bharat Electronics Limited (BEL) ranked 62.

    Investors together own around 30% in co; a deal may fetch them over two-fold return

    Toyota Kirloskar Motor (TKM) reported a 22 per cent annual decline in November from 10,721 units last year. Exports, especially the Etios model, however, grew 39 per cent annually. As a result, total sales for the month under review declined 19 per cent year-on-year to 9,241 units from 11,390 units in November 2018.

    For instance, audiences are flocking in droves to multiplex theaters to catch the latest movies, leading to healthy box office collections. However, on the other hand, sales of daily needs items like soaps have visibly slowed in recent quarters.

    M&M Financial cleverly evolved its business model to be on the right side of the evolving rural India scene.

    While the slowdown hasn’t shown a significant impact on Triumph's sales, weak consumer sentiment did result in the motorcycle maker deferring its dealership expansion plan by six months. The company plans to have 20 dealerships in the country in the next 18 months. It has identified Guwahati, Goa and two unspecified locations in the northeast and the south for the upcoming dealerships.

    Sequoia India is one of the early investors in CarDekho, having led the Series A round in 2013. With this new round of funding, CarDekho has now raised more than $250 million.

    “The Central government will not offer any direct incentives in the policy or any tax sops, as was being talked about earlier,” an official told ET. “State governments will be free to offer rebates on road tax against a scrapping certificate. Even original equipment manufacturers can allow a discount against a scrapping certificate if they want to boost their sales.”

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