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Sales of auto majors decline owing to semiconductor shortage
Due to the semi conductor shortage, MG Motor India's retail sales dipped by 24% to 2,863 units in October amid production challenges
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Auto volume growth may decline by 13% owing to chip shortage
The shortage for semiconductors will lead to a fall of 400 to 600 basis points in sales from 16 to 17% to 11 to 13%, according to a Crisil analysis
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Auto sales data say demand is tepid
The report said recovery in two-wheeler sales at wholesale level was much behind the same in car sales
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Semiconductor shortage to be a dampener on PV sales
The total sales across categories increased by 14% to 13,84,711 units in August as against 12,09,550 units in August 2020.
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Maruti Suzuki hikes prices across models from Sept 1
The company said that due to an increase in various input costs, the price of vehicles was severely affected over the past year.
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Key factors that will steer market this week
Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for July starting from 1 August 2021
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Tata Motors seeks to ride the EV trend
Tata Motors will launch 10 EV models before 2025 and has an aggressive growth plan to achieve their EV business target.
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Automobile retail sales gather pace in June as states ease restrictions: FADA
The two-wheeler category also witnessed a slow recovery as rural markets are taking time to get back to normal from Covid related disruptions.
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Discounts up to Rs 57,243 on select Honda models in July
The Japanese carmaker has listed the July discount offers on its official website. The company will increase prices in August
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Bajaj Auto reported 24% sales growth in June 2021
Domestically, Bajaj Auto sold 1,61,836 units in June 2021 with an increase of 7% to 1,51,189 units as compared to last year
