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Contrasting auto sales numbers confounding
In April, sales of passenger vehicles increased 13%, while actual registration of vehicles, that is retail sales, went up by just 3.5%
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New opporunity for auto component firms
This is not easy but if properly executed the company can differentiate itself which will lead to two strategic advantages
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Passenger vehicle sales down 27% YoY: Siam
The latest data from Siam said that two wheeler dispatches to dealers also saw a 25% decline at 15,41,621 as against 20,53,814 units in October 2020
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PLI scheme to benefit domestic auto and parts industries
The scheme will be for five years and will be effective from FY 2023, and the base year for eligibility criteria would be FY 2020
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Petrol, diesel prices unchanged for fifth straight day
Petrol price today: In Mumbai, a litre of petrol and diesel costs Rs 107.83 and Rs 97.45 respectively
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Petrol price hiked again, diesel remains static on July 17; check rates in top cities
Petrol Price Today: A litre of petrol and diesel in Delhi is being retailed at Rs 101.84 and Rs 89.87 respectively.
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Mercedes AMG E 63S, E 53 now in India; check out price
Mercedes-Benz India has now expanded its E-Class portfolio with the launch of E63 S and the E53
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Ola Electric signs pact to raise $100 million in long-term debt
Ola said the first phase of the Future factory is nearing completion shortly, following which production trials of the Ola Scooter will commence.
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India Inc turns slightly cautious on demand revival
Motilal Oswal believes that the cautious outlook and impact of rising raw material prices on companies have raised earnings to downgrade risks
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In second Covid-19 wave, 6,702 auto dealerships shut across 4 states
Many automobile companies have halted their production and now dealerships also have been shut down
