November was a horrendous month for car and two-wheeler manufacturers.
As sales figures began trickling in on Monday, the 14 stocks on the BSE crashed. The auto index fell by 108 points and ended up as the second worst performer of the day after realty stocks.
What was particularly alarming was the sharp fall in numbers by […]
Motown’s almost three-year-long growth drive is over. The car industry slipped into negative terrain as sales dipped 1.71% to 87,724 cars this July, down from 89,250 cars in the same month last year.
Reeling under the double whammy of high inflation and credit squeeze (as the Reserve Bank of India curtails money supply to stem retail […]
Domestic passenger car sales declined by 1.71 per cent in July to 87,724 units from 89,250 units in the same month last year. Read more
Courtesy: economictimes.indiatimes.com
For the first time since 2005, passenger vehicle sales, including cars and utility vehicles, are registering an absolute decline. Although the rate of growth has been falling since April 2008, its only in July that sales were 3% less than the previous comparable period.
Sales grew by a robust 19.8% in April, fell to 14.5% in […]
Domestic passenger car sales rose by 14.26 per cent in May to 1,10,743 units from 96,923 units in the same month last year. According to the figures released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in the country during the month was up by 7.39 per cent at 5,13,209 units, against 4,77,901 […]
As speculation of a hike in fuel prices builds up, used-car dealers are bracing up for a slump in sales and lowering of prices, as prospective buyers stick to their two-wheelers or look more towards the primary-car market, both of which are more fuel-efficient, reports Niranjana Ramesh.
Since the last fuel price hike in January, small-time […]
Consumers prefer to buy their cars under specific parameters ? sporty, hi-tech, status, comfort and dynamic.
According to a study conducted by TNS Automotive based on consumer psychology of 2,500 customers, 19 per cent of buyers purchase cars due to its status symbol and a similar number in the ?potency? category choose a product due to […]
England-based Bentley Motors Ltd, the makers of luxury car brand Bentley, expects to sell 25 cars in Indian this year and would soon open their second India outlet in Mumbai, a top company official said.
“We expect to sell 25 cars this year in the Indian market and by the last quarter of 2008, we hope […]
Passenger car sales in the domestic market during August grew 17.92 per cent at 98,893 units against 83,864 units in the corresponding month a year ago. More
Courtesy:economictimes.indiatimes.com
A year from now, you could buy a car online. The Internet is revolutionising the auto business in the country. Over 40 per cent of prospective car buyers do their research on the Internet before buying a car.
“Online car selling will begin 12 months from now,” said Mr Sanjay Soni, Managing Director, Logix Microsystems, launching […]