Its been raining discounts on passenger cars, especially those running on petrol, this December. Most car makers offer discounts every year in December to clear out old stock.
Maruti Suzuki disappointed the street with much lower than expected second quarter results; the stock slid over 5% early on Monday as investors went for the exit.
There was some relief for most automakers in September as sales jumped for on the back of new launches and some buying as the festive season kicked in. Promotional schemes and discounts launched by several companies also helped prop up sales in September.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.
CNBC-TV18’s Swati Khandelwal Jain reports that Nissan Motor India has entered the fast-growing c-segment passenger car market with its sedan – Sunny.
Inviting investments from South Korea and other countries into the infrastructure sector, President Pratibha Patil today said nearly USD 1 trillion will be spent in the coming years to improve India's roads, ports, railways and other core sectors.
The premium hatchback segment is driving growth for most car makers. With as many as 13 cars vying for the customers’ attention in this space,
Costlier loans, increased fuel prices and high inflation continue to deter buyers from queuing up for new cars, and the incumbents -- Tata Motors and Maruti Suzuki are feeling the heat. The two of India’s largest auto makers saw a dip in sales in June, even as new launches drove sales growth for Toyota and Ford.
After a scorching pace of growth last year, automobile sales in India are slowing in the face of expensive auto loans and rising fuel prices. Toyota Kirloskar Motor expects sales could slowdown further, at least till August.
In an interview with CNBC-TV18, Jagdish Khattar, chairman and managing director of Carnation Auto, spoke about his reading of the auto industry and the road ahead.
Maruti Suzuki shares hit a 52-week low of Rs 1,094.15 on NSE on Thursday after its Japanese parent lowered its growth forecast in India India, which accounts for a major share of its volumes, amidst high inflation and rising competition.
Ford Motor Co is aiming to expand its presence in the fast-growing auto markets of India and China with an eye toward increasing the number of vehicles it sells per year by 50% by the middle of the decade.
What happens to projects and policies in Tamil Nadu in the gap of one month till the next government comes into power in Tamil Nadu? CNBC-TV18's Swathi Narayanan finds out.
Imagine a device that sits in your vehicle and helps you find your way effortlessly that is exactly what Rohan Verma and his company MapmyIndia thought of.
After a month and a half of high quality cricket, India and Sri Lanka are the last two standing and it will be a match worthy of the finals. Both sides boast of world class batting line-ups, and match-winning bowlers. So, what should Dhoni do to demolish the Lankans? What do a few veterans of India Inc say?
Hyundai has a reputation for making great small cars which have found overwhelming favour among the masses. The Santro was Hyundai’s first offering in the small car segment.