SLUMP AUTO SALES
Slump has bottomed out, but credit worries remain: BK Goenka
Assocham president BK Goenka said the government had made efforts to make credit available to the industry but banks dragged their feet on it. He also highlighted that India needed more development finance institutions to fund long term infrastructure projects as commercial banks did not have the risk appetite to fund such projects.
Buy Bajaj Auto, target Rs 3.250: Kunal Bothra
Buy Bajaj Auto Ltd. at a price target of Rs 3250.0 and a stoploss at Rs 3175 from entry point.
Festive buys, new models help PV sales snap 11-month slide in October
PV sales rose marginally in Oct aided by festive season & introduction ...
Diwali gives struggling auto companies reason to cheer
Retail sales of passenger vehicles improved 13.9% in October over the preceding year, while two-wheeler sales improved 8.9%, vehicle registration data from road transport and highways ministry's VAHAN dashboard showed.
Audi to launch Q8 in India in January
The company has already started taking orders for the vehicle from the weekend as it looks to re-enter the top end of the luxury vehicles segment.
Nissan reports 70% Q2 profit slump, slashes full-year outlook
The latest weak showing from Nissan illustrates the scale of the work ahead for its new executive tea
Business optimism for December quarter falls over 19% amid slowdown in demand
The Dun & Bradstreet Composite Business Optimism Index noted that optimism for net profits stood at 59 per cent - a decline of 7 percentage points as compared to the September quarter 2019. Optimism for new orders stood at 35 per cent - down 22 percentage points as against the previous quarter.
Suzuki Motor is no longer gung-ho about India, and it is not alone
Global players like Ford, Volkswagen and Fiat are already re-evaluating their strategy as they struggle to make inroads in a market dominated by small cars. Now the Japanese automaker has issued a warning after it reported a slump in quarterly profit this week on tumbling sales at its Indian unit, Maruti Suzuki, which accounts for half the number of cars sold in India.
ET Explains: Why everyone is obsessing over Q2 GDP numbers
All latest numbers paint a dismal picture of the economy and dash any hopes of a revival anytime soon.
Hero MotoCorp reviews decade-old global sales strategy
Hero MotoCorp has set a target of selling one million units overseas annually in the next three to four years, Rajat Bhargava, head of global business for Hero MotoCorp, told ET. With a projection of increasing total annual sales to 10 million units during the same period, the company expects overseas sales to contribute 10% to its revenue from 3% at present.
Unsure Motown shelves $3 billion capex plans
Maruti’s parent Suzuki Motor corporation has deferred its $550-million third plant in Gujarat while Honda Motorcycle and Scooter India has pushed back plans to commence production from its third manufacturing line in Gujarat. Suzuki Motorcycle India has also put off by a few years its proposal to set up a second plant.
Signs of green shoots for Maruti Suzuki? No production cuts this November
Maruti Suzuki anticipates pick up in demand post Diwali sales. There are no planned production cuts for November except two holidays. Signs ...
United Breweries Q2 profit slumps 30% to Rs 115 crore
The maker of Kingfisher reported a 7.6% increase in net sales in the second quarter at Rs 3589.6 crore.
Negative outlook for automotive dealership segment: Icra
The on-going downturn has severely impacted the profitability of automobile dealerships.
European shares retreat, London nervous ahead of GDP data
The pan-European STOXX 600 index fell 0.2 per cent by 0817 GMT.
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