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Monday, April 12, 2021

Indian auto sector

Base effect, lower lending rates accelerate Mar auto sales

New Delhi, April 1 (IANS) Base effect, along with low interest rates and preference for personal mobility due to the pandemic, accelerated year-on-year sales momentum of major automobile players during March. Maruti Suzuki reported a growth of over 99 per...

Base effect: Maruti Suzuki’s March sales up over 99%

New Delhi, April 1 (IANS) Base effect accelerated the sales growth of automobile major Maruti Suzuki in March 2021. Accordingly, the company on Thursday reported a growth of 99.31 per cent in its overall sales during March 2021 on a...

India’s PV industry to post 22-25% growth in FY22: ICRA

New Delhi, March 30 (IANS) India's passenger vehicle industry is expected to post a growth of 22 to 25 per cent in FY22, ratings agency ICRA said on Tuesday. The growth is expected to be achieved after a 2-4 per...

Autocomp sector set for rebound after 2 tough fiscals

Mumbai, March 26 (IANS) The automotive components sector will see revenue rebound 21-23 per cent next fiscal as domestic and export demand revives after two straight contractions and higher margins lift its operating profits, ratings agency Crisil said on...

Auto components PLI to accelerate growth, sector’s export potential

By Rohit Vaid, Mar 21 (IANS): The Centre's plan to introduce a production linked incentive scheme for the automotive components industry can accelerate the overall sectoral growth in the country. Accordingly, industry watchers contend that the major manufacturing push will on...

Locally-assembled Jeep Wrangler launched in India

New Delhi, March 17 (IANS) Automobile manufacturer Jeep India on Wednesday launched the locally-assembled SUV Wrangler starting at Rs 53.90 lakh (ex-showroom price). Accordingly, the company launched locally-assembled Jeep Wrangler in two variants - the Unlimited and the Rubicon. Jeep India...

Tata Motors upbeat on economic recovery, launches new range of trucks

New Delhi, Mar 11 (IANS): Automobile major Tata Motors on Thursday launched a new range of intermediate and light commercial trucks -- Ultra Sleek T-Series -- which it hoped will fulfill the growing demand for such vehicles in the country. According...

‘Auto sector set to post double-digit growth next fiscal’

New Delhi, March 10 (IANS) After two years of sluggishness, India's automobile sector is set to post double-digit growth next fiscal, said credit ratings agency Crisil. As per the agency, the growth will be supported by improving the economic situation...

Vehicle price hikes to limit impact of rising input cost on OEMs

New Delhi, Feb 20 (IANS) Vehicle price hikes coupled with cost rationalisation measures taken by OEMs will limit the impact of rising input cost but these might not be adequate enough to sustain margins at the 3QFY21 levels, said...

Passenger vehicles may get costlier after duty hike

New Delhi, Feb 1 (IANS) After a good December-January period when sales of passenger vehicles saw a surge in demand, those who wish to buy a car or a motorcycle may have to shell out more as the government...

Latest News

Easing lockdown could lead to 3rd Covid-19 wave in UK: Scientists

London, April 12 (IANS) British scientists have warned that the British government is risking a third wave of Covid-19...