PV industry volumes should improve, due to a healthy order book and lower dealer inventories, say brokerages
The movement of rupee against the dollar, crude oil prices and trend in global stock markets will dictate the direction in the near term
Nifty 50 index has been trading sideways for almost three weeks now. It seems to be facing a temporary halt after a period of outperformance
However, the country's largest automobile maker Maruti Suzuki India did not reveal the quantum of the proposed price hike
Vehicle sales across categories witnessed a dip of 65% to 4,42,013 units last month, as against 12,70,458 units in April this year
Total registration of vehicles in May 2021 fell to 5,35,855 units as compared to 11,85,374 units in April 2021
Maruti Suzuki India (MSI) reported a 71% decline in total sales to 46,555 units in May 2021 as compared to 1,59,691 units in April
Carmakers are shifting to electric and hybrid models in order to bring down the average fleet emissions by the conventional automobiles.
Tata Motors said its passenger vehicle sales in the domestic market stood at 15,181 units in May, down 40% from 25,095 units in April this year
The automotive components sector will see revenue rebound 21 to 23% next fiscal as domestic and export demand revives after two straight contractions