Maruti Suzuki, M&M beat year-end blues, post rise in domestic sales figures
Maruti Suzuki India and Mahindra & Mahindra reported rise in their domestic sales in December.
Share market update: Auto shares in the green; M&M up 1%
The Nifty Auto index was trading 0.14 per cent up at 8164.05 .
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Looking at Auto Expo 2020 as launching pad for revival: SIAM
SIAM said that over 60 new launches and unveilings of vehicles are expected at the expo to be held from February 5-12, where China's Great Wall Motor Company and First Automotive Works will make their debut along with MG Motors India. Notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and JLR .
Stock market update: Cement stocks slump; Dalmia Bharat slides 2%
Dalmia Bharat, Keerthi Industries and Century Textiles were the top gainers.
Tata Motors eyes market out performance in FY-21, a dozen product launches in two quarters to drive volumes
In a market where passenger vehicle sales shrank 18% since the fiscal year started in April, Tata Motors’ sales fell 25-30%, as it reduced dispatches to dealerships to help clear inventory at their end as the industry negotiated a slowdown and ahead of the transition to the Bharat Stage-VI emission standards.
Foresaw slump, hence previous rate cuts: Shaktikanta Das
RBI governor Shaktikanta Das told the India Economic Conclave organised by the Times Network that he hopes the RBI’s decision to keep rates unchanged at the last review will prove to be the right step. “In the last MPC meeting when we took a pause, I don’t know why the market said that they were surprised,” he said in Mumbai on Monday.
Sensex, Nifty flat in a thin trade; bank, auto stocks gain
Sensex, Nifty flat in a thin trade; Jet Airways gains 5%, YES Bank 2%.Sensex, Nifty flat in a thin trade; bank, auto stocks gain
Stock market update: Private banks slump; RBL Bank dips 2%
The Nifty Private Bank index was trading 0.05 per cent down at 17,658.55.
Loan fraud case: No wrongdoings found in functioning of Carnation Auto by bankers, says ex-Maruti chief Khattar
Khattar, who has been booked by the Central Bureau of Investigation (CBI) for an alleged bank loan fraud of Rs 110 crore, said no lapses in operations or financial management were found in the company by the investigating audit authorities and expressed hope that he will be vindicated once the probe is over.
Passenger vehicle exports rise 6 per cent in April-Dec; Hyundai, Ford lead the pack
Car shipments saw 4.44 per cent growth at 4,04,552 units, while utility vehicle exports saw a rise of 11.14 per cent at 1,33,511 units during the April-December period, the Society of Indian Automobile Manufacturers' data showed.
Solo trip to Berlin gave Lohia Auto boss leadership, history lessons; South America on his 2020 to-do list
Ayush Lohia also made a friend for life during his trip to Japan.
Auto sales, macro data, RBI's Operation Twist among key factors steering market this week
For the week, Sensex slipped 106.40 points or 0.26 per cent, to close at 41,575 on Friday.
Have sent auto sector's Budget wish list to finance minister: Arjun Ram Meghwal
Addressing the 4th annual SIAM CSR Conclave here, the minister of state for heavy industries and public enterprises asked the auto industry for more suggestions, if any, before the finalisation of the Budget.
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