Auto firms face bleak outlook, with no end to the gloom in sight
5 years, 6 months ago

Auto firms face bleak outlook, with no end to the gloom in sight

Live Mint  

Sales of automobiles have been falling for sometime now, prompting manufacturers to cut production to align supply with retail demand and existing inventory with dealers. According to a report by the Federation of Automobile Dealers’ Associations, retail auto sales in May that fell 7.5% from a year ago show that the overall consumer sentiment is poor. The chart shows that the market has trimmed FY21 earnings per share estimates for Nifty auto index companies almost every month since April 2018, adding to a cumulative cut of 32% in FY21 earnings estimates. Reliance Securities Ltd analyst Mitul Shah said in a report, “Going forward, we expect slowdown to continue as rural demand is not picking up due to liquidity crisis in non-banking finance companies and the rural market impact from monsoon deficit last year.” The writing on the wall is clear. After all, auto firms would not want a repeat of last year when lack of demand revival during the festive season led to a huge inventory pileup.

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History of this topic

Stock Market Today: Sensex, Nifty Settle Lower As Investors Await Inflation Numbers
1 month ago

Stock Market Today: Sensex, Nifty Settle Lower As Investors Await Inflation Numbers

ABP News  

Stock Market Today: The Sensex and Nifty traded within a narrow range and ended lower on Monday as investors awaited two crucial economic data releases later in the week—US consumer price inflation data on December 11 and India’s CPI data on December 12. Sectorial Update The Nifty FMCG index dropped over 2 per cent, weighed down by a more than …

Will auto sector outperform Nifty 50 again in 2025? Experts weigh in
1 month ago

Will auto sector outperform Nifty 50 again in 2025? Experts weigh in

Live Mint  

The auto index has been a standout performer in 2024, significantly outpacing the benchmark Nifty. A Strong Performance In the past year, the auto index has climbed 34 per cent, almost double the Nifty's 17 per cent rise. Industry experts weigh in on the potential growth drivers and challenges that could shape the sector’s trajectory in the coming year, offering …

Auto Trader says new car market ‘remains challenging’ despite sales rise
2 months ago

Auto Trader says new car market ‘remains challenging’ despite sales rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Auto Trader has revealed a …

Auto sales rise 14% in July, historic high inventory level causes concern: FADA
5 months ago

Auto sales rise 14% in July, historic high inventory level causes concern: FADA

The Hindu  

The Indian auto retail sector witnessed a double digit growth of 13.84% Year on Year in July 2024 backed by a robust 17.17% YoY growth in Two-Wheelers sales. “It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation …

Retail Car Sales Rise 8.45% in FY24: FADA
9 months ago

Retail Car Sales Rise 8.45% in FY24: FADA

Deccan Chronicle  

Passenger vehicles retail sales in March declined by 6 per cent year-on-year, but rose 8.45 per cent in FY24, the Federation of Automobile Dealers Association said on Monday. PV retail sales in March dropped 6 per cent YoY at 3,22,345 units after a sustained increase in sales over the last few months. Singhania said, "Enhanced supply dynamics, strategic marketing efforts, …

Automobile retail sales jump 20% in Sept. as demand soars in festive season
1 year, 3 months ago

Automobile retail sales jump 20% in Sept. as demand soars in festive season

The Hindu  

Automobile retail sales in India surged over 20% in September as demand soared across vehicle segments with the onset of festival season, dealer's body FADA said on Monday. Overall automobile registrations rose to 18,82,071 units last month from 15,63,735 units in September 2022, the Federation of Automobile Dealers Associations said in a statement. The year-on-year analysis reveals broad-based growth across …

Auto retail sales soar over 20% in September, FADA predicts thriving festive season
1 year, 3 months ago

Auto retail sales soar over 20% in September, FADA predicts thriving festive season

India TV News  

In a positive turn of events for the Indian automotive sector, retail sales of automobiles experienced a robust surge, exceeding 20 percent in the month of September. Two-wheeler sales displayed an impressive growth rate of 22 percent, three-wheeler retail sales soared by 49 percent, passenger vehicle sales saw a notable uptick of 19 percent, and the commercial vehicle sector reported …

June auto retail sales rose 10% year-on-year: FADA
1 year, 6 months ago

June auto retail sales rose 10% year-on-year: FADA

The Hindu  

Auto retail sales in June 2023 reported a 10% y-o-y growth owing to positive performances across all vehicle categories including two wheelers, three wheelers, passenger vehicles, tractors, and commercial vehicles at growth rates of 7%, 75%, 5%, 41%, and 0.5% respectively, according to data released by the Federation of Automobile Dealers Associations. “Despite a 10% y-o-y growth, the auto retail …

Total vehicle retail sales in April decline, FY’24 kicks off with modest performance: FADA
1 year, 8 months ago

Total vehicle retail sales in April decline, FY’24 kicks off with modest performance: FADA

Live Mint  

The Federation of Automobile Dealers Associations has released Vehicle Retail Data for April 2023. As per the data, the financial year 2023-24 kicked off with a modest vehicle retail performance in April, seeing a decline of 4% in total vehicle retails. “This was primarily due to last year's high base and the OBD 2A norms, which led to vehicle price …

Supply chain woes caused US auto sales to fall 8% last year
2 years ago

Supply chain woes caused US auto sales to fall 8% last year

Associated Press  

DETROIT — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies on dealer lots are growing, albeit slowly, and automakers expect at least a …

Chip shortage keeps driving up auto prices, cutting sales
2 years, 6 months ago

Chip shortage keeps driving up auto prices, cutting sales

Associated Press  

DETROIT — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Jack Hollis, head of Toyota sales in North America, said the chip shortage didn’t improve as much as the company expected in the first half of the year, …

Sensex Ends 3-Day Winning Streak, Tanks 770 pts, Nifty Settles at 17,560; HDFC, Infosys Top Losers
2 years, 11 months ago

Sensex Ends 3-Day Winning Streak, Tanks 770 pts, Nifty Settles at 17,560; HDFC, Infosys Top Losers

News 18  

The key benchmark indices snapped their 3-day winning streak and ended lower on Thursday, the day of weekly F&O expiry, as investors booked profit post a recent rally and tepid global cues. In the broader markets, the BSE MidCap index fell 0.8 per cent and the BSE SmallCap index slipped 0.3 per cent. S Ranganathan, head of research at LKP …

Auto sales dip 25% in April
3 years, 7 months ago

Auto sales dip 25% in April

Hindustan Times  

Retail sales of automobiles plunged into negative territory in April after six months of growth as the raging second wave of the pandemic and lockdowns across states crimped consumer sentiment and demand. Showroom sales of passenger vehicles fell 25.3% sequentially to 208,883 units during April. Showroom sales of passenger vehicles fell 25.3% sequentially to 208,883 units during April, showed data …

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green
3 years, 10 months ago

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green

Firstpost  

On 2 March, Benchmark BSE Sensex spurted by 447 points to close above the psychological 50,000-mark on Tuesday following hectic buying in auto and IT counters amid positive domestic and global cues. The stock rose by 20 percent to end at Rs 124.50 after the Department of Investment and Public Asset Management secretary said that multiple expressions of interest were …

Retail vehicle sales fall 10% on chip shortage, fading demand
3 years, 10 months ago

Retail vehicle sales fall 10% on chip shortage, fading demand

The Hindu  

Total retail sales of vehicles slid by almost 10% in January to about 15.9 lakh units as a shortage of semiconductors impacted vehicle availability, while fading pent-up demand and price increases by automobile manufacturers also contributed to the decline, according to the Federation Of Automobile Dealers Associations. As per data from FADA, passenger vehicle sales fell 4.46% to 2.81 lakh …

Indian Auto Industry Retail Likely to Log YoY Growth From April, 2021: FADA
4 years ago

Indian Auto Industry Retail Likely to Log YoY Growth From April, 2021: FADA

News 18  

India’s pandemic-battered automobile retail segment is expected to log year-on-year growth only from April 2021, Federation of Automobile Dealers Associations’ President Vinkesh Gulati said. While the industry may continue to see MoM growth, we will definitely not see YoY growth or even similar numbers in the first quarter of CY21,” Gulati said. “Things may start looking good on a YoY …

Auto stocks slump nearly 12% as lockdown-hit automakers score nil domestic sales in April; Index drops over 6%
4 years, 8 months ago

Auto stocks slump nearly 12% as lockdown-hit automakers score nil domestic sales in April; Index drops over 6%

Firstpost  

Auto stocks on Monday plunged nearly 12 percent after top carmakers, including Maruti Suzuki reported zero monthly domestic sales for the first time ever in April after the nationwide lockdown halted output and shut sales network Auto stocks on Monday plunged nearly 12 percent after top carmakers reported zero monthly domestic sales in April. Many auto firms including Maruti Suzuki …

From slowdown to lockdown: India’s car sales plunge
4 years, 9 months ago

From slowdown to lockdown: India’s car sales plunge

Live Mint  

Automakers in India saw a steep fall in sales in March as a slowdown in demand was exacerbated by shutdowns in production due to the coronavirus pandemic. The government last week sent India into a 21-day lockdown to try to curb the spread of the virus, forcing automakers such as Maruti Suzuki, Mahindra & Mahindra, Ford Motor Co, Toyota Motor …

US automakers report stable pick-up truck sales from discounts during holiday season
5 years ago

US automakers report stable pick-up truck sales from discounts during holiday season

Firstpost  

December is among the hottest months for auto sales in the United States. US automakers on Friday reported another year of stable sales of pick-up trucks, as discounts during the crucial holiday season and lower interest rates on vehicle loans attracted buyers while demand for passenger cars retreated further. Analysts expect overall 2019 U.S. sales to fall by about 1 …

Auto sector crisis deepens: Maruti Suzuki cuts production for 8th straight month in September by over 17%
5 years, 3 months ago

Auto sector crisis deepens: Maruti Suzuki cuts production for 8th straight month in September by over 17%

Firstpost  

Maruti Suzuki India produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month After the country’s largest carmaker Maruti Suzuki India reduced its production production by 33.99 percent in August, making it the seventh straight month it reduced its output, it has again reduced its production in September by 17.48 percent, making it the …

Why is the auto industry facing trouble?
5 years, 4 months ago

Why is the auto industry facing trouble?

The Hindu  

The story so far: In July, the sale of vehicles across categories in the country slumped 18.71% to about 18.25 lakh units, down from about 22.45 lakh units, a year ago in the same month. The pasenger vehicle segment, which comprises cars, utility vehicles and vans, has been one of the worst performing segments, registering its highest drop in sales …

Slowdown in auto industry impacts component sector too; 15% job loss after turnover growth dips
5 years, 5 months ago

Slowdown in auto industry impacts component sector too; 15% job loss after turnover growth dips

Firstpost  

The industry body, which represents the auto components industry that alone employs around 50 lakh people, also sought clarity on policy for electrification of vehicles. Since September last year, the auto ancillary sector has registered up to 15 percent loss in jobs due to fall in revenues because of a decline in auto sales for the past ten months, said …

Slowdown in auto sales: 10-15% people lost jobs in auto component industry
5 years, 5 months ago

Slowdown in auto sales: 10-15% people lost jobs in auto component industry

Live Mint  

Due to the prolonged slowdown in auto sales since September 2018, automobile component manufacturing sector has already witnessed 10-15% loss in employment, as growth in revenue for companies in the sector slow down significantly. The growth in total turnover of the automobile component manufacturing companies in India slowed down to just 14.5% to 3,95,902 crore in FY19 as a consequence …

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