SALE AND LEASEBACK MODEL
Maruti stock to face pressure on slowing sales, diesel pullback
Maruti Suzuki’s volume fell 24 per cent in the first half of the current fiscal.
Toyota India car sales dip 22% in November
Toyota Kirloskar Motor (TKM) reported a 22 per cent annual decline in November from 10,721 units l...
NITI Aayog preparing draft model Land Title Act, 2019
Conclusive land titles are guaranteed by the state for their correctness and entail pro...
Carmakers to hike prices from January to absorb input costs
Maruti Suzuki, Mahindra & Mahindra, Ford, Toyota, Mercedes Benz and Audi plan to raise the prices from January 2020. The carmakers told ET that the price hike has been planned to counter the inflationary pressures. The country’s largest carmaker Maruti Suzuki said the production cost has shot up because of increase in raw material prices.
Toyota Kirloskar sales down 19% at 9,241 units in November
"We have consciously lowered the volume of vehicles sold to dealers to ensure lean inventory/avoid high market offers, we are adjusting our production to ensure we do not put any excess burden on our dealerships before the shift to BS-VI in April 2020," TKM Deputy Managing Director N Raja said.
SUV buyers favour petrol models as BS-VI nears
Demand for diesel cars is expected to taper off further going ahead owing to various reasons.
Maruti crosses 20 million passenger vehicle sales mark
The company accomplished this landmark number in less than 37 years of selling its first car on December 14,1983, when it first rolled out the iconic Maruti 800, Maruti Suzuki India (MSI) said. The company said while it crossed 10 million vehicle sales in nearly 29 years, the next 10 million passenger vehicles were sold in a record time of 8 years.
Maruti reports 1.9% dip in sales at 1,50,630 units in November
The company had sold 1,53,539 units in November last year, MSI said in a statement. Domestic sales declined by 1.6 per cent at 1,43,686 units last month as against 1,46,018 units in November 2018, it added.
Maruti's Alto crosses 38 lakh sales milestone
Launched in 2000, Alto crossed the 10 lakh sales mark in 2008 and in 2012 it reached the 20 lakh milestone. In 2016, the model crossed 30 lakh sales, the company said in a statement. It has been India's best-selling car for 15 consecutive years, according to Maruti Suzuki. Alto is currently available at a price range of Rs 2.89 lakh to Rs 4.09 lakh across variants.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation to $5 billion. Son encouraged Agarwal to expand into markets such as China and the U.S. and to buy properties, including the Hooters Casino in Las Vegas for $135 million.
Festive buys, new models help PV sales snap 11-month slide in October
PV sales rose marginally in Oct aided by festive season & introduction of new models in utility vehicle space.
Chaotic launch works in Tesla's favour; Elon Musk boasts of boom in sales on Twitter
The demand comes despite the product receiving "no advertising & no paid endorsement".
Asset strip, two-phased share sale proposed to make BPCL attractive
The govt is planning to strip some assets from the parent entity while splitting the share sale plan into 2 phases.
Maruti’s diesel models going out with a bang ahead of BS-VI launch
Huge discounts and extended warranty have attracted consumers looking for value buys.
Passenger vehicle retail sales jump 11% in October on festive demand: FADA
According to Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018. Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
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