Sales of cars in the local market increased by about 4% last month, amid stable demand in the market even after the close of the festive season. Industry estimates about 350,000 cars, sedans and utility vehicles were dispatches from factories to dealerships last month, which is an increase of 4% over 336,000 units sold in … Read more
After a gap of three months, carmakers in the local market reported a small uptick in dispatches, albeit on a high base, as consumers drove home vehicles during the festive period in October, spurting retails and bringing down inventory at dealerships. As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as … Read more
New Delhi: The landscape of India’s passenger vehicle (PV) market is undergoing a notable transformation as the dominance of long-standing players declines while new entrants gain ground.According to a research report by Jefferies, the combined market share of the two top automobile manufacturers–Maruti Suzuki and Hyundai–has slipped to a 12-year low in the first half … Read more
Hyundai Motor India Ltd is betting big on CNG fuel option with sales of models equipped with the technology witnessing increasing demand across rural and urban markets in the country, according to a top company official. The company, which currently offers CNG variants in three models – Grand i10 NIOS, AURA, and EXTER – has … Read more
New Delhi: Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October. The segment reported a 7 … Read more
India is set to enter a transformative “smartphone era” for cars in 2025, with the introduction of vehicles featuring 5G M2M connectivity and advanced AI technologies, according to the latest findings from Techarc’s India Connected Consumer Report 2025. The report said the automotive sector will skip 4G and will enable connectivity using the latest 5G … Read more
Tata Motors on Thursday issued a clarification on an ET report that said Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The auto major said, the demerger is being done through … Read more
Last Updated:November 14, 2024, 08:01 IST Stocks to watch: Shares of firms like Tata Motors, Eicher Motors, Vi, Swiggy, ONGC, Nalco, and others will be in focus on Thursday’s trade Stocks To Watch Stocks To Watch On November 14: Domestic markets extended their corrective phase, declining by nearly one and a half percent, continuing the … Read more
Mumbai: Tata Sons is understood to be creating a holding company for Tata Motors to house its passenger car and commercial vehicle businesses that are being demerged and registered as two separate entities. The boards of these entities will also be refreshed following the creation of the new structure, executives in the know said. Tata … Read more
Tata Motors trailed market expectations with a 62% drop in standalone net profit in the fiscal second quarter largely due to lower sales of cars, SUVs and commercial vehicles of its namesake brand. Sales at its British luxury car unit Jaguar Land Rover also remained subdued.Profit in the three months ended September 30 fell to … Read more
