Missing demand: on economic slowdown
5 years, 8 months ago

Missing demand: on economic slowdown

The Hindu  

A welter of data collectively and individually point to one worrying conclusion: economic momentum across sectors is slowing in the widening absence of that key ingredient, demand. While sales of commercial vehicles, a fair proxy for overall economic activity, slid 6% last month, a 16.4% drop in demand for two-wheelers extended the segment’s slump into the new financial year, mirroring the rippling rural distress. The Index of Industrial Production for March shows output fell 0.1% from a year earlier to a 21-month low, with the use-based classification revealing a weakening that spared none of the six segments. With global headwinds strengthening in the backdrop of an escalating trade war between the two largest economies, the U.S. and China, and rising tensions in West Asia beginning to push up energy costs from the top oil-exporting region, Indian policymakers have to contend with an external sector that would likely only add to the domestic pressures, most certainly in the near term if not in the longer. The distress in the farm sector may just ease marginally if the monsoon does turn out to be “near normal” as forecast last month, and could help spur a demand revival in the rural hinterland.

Demand  output  sector  economic  slump  rural  earlier  demand  vehicles  slowdown  growth  sales  month  missing

History of this topic

Mint Primer: Why consumer demand needs a quick revival
6 days, 10 hours ago

Mint Primer: Why consumer demand needs a quick revival

Live Mint  

In the second quarter of the current fiscal, manufacturing growth slowed to just 2.2% from 7% in the first quarter. This pulled down industry’s contribution to the gross domestic product growth significantly, causing overall economic growth to tank. In the second quarter, India’s GDP growth fell sharply to 5.4% as against 8.1% registered in the same period a year ago. …

DC Edit | Fall in consumption signals economic slump lies ahead
6 days, 16 hours ago

DC Edit | Fall in consumption signals economic slump lies ahead

Deccan Chronicle  

The Indian economy is likely to record the slowest growth in the last four years at 6.4 per cent in the next financial year 2024-25, according to the first advance estimates released by the government on Tuesday. The growth in the manufacturing sector, constrained by weak exports and slowing global demand, is expected to muted at 5.3 per cent from …

A sombre December manufacturing PMI curbs enthusiasm
Trending News
1 week, 5 days ago

A sombre December manufacturing PMI curbs enthusiasm

Live Mint  

The pace of business activity in India’s manufacturing sector is slowing, dimming hopes for those rooting for a sharp rebound in gross domestic product growth. Read this | New consumption survey reveals the cracks in the economy Remember, pent-up urban consumption demand coupled with a surge in retail credit from banks were among the key factors that led to sharp …

Mint Quick Edit | Car sales seem stuck in second gear
Trending News
1 month ago

Mint Quick Edit | Car sales seem stuck in second gear

Live Mint  

Close on the heels of a surprisingly weak gross domestic product growth reading, automobile sales data, seen as a an important indicator of economic activity in India, has spelt another round of disappointment. Retail sales of passenger vehicles in November fell 14% from a year earlier, according to data issued by the Federation of Automobile Dealers Associations on Monday. This …

Passenger vehicle sales slide in November as stock pile-up in showrooms persists
1 month ago

Passenger vehicle sales slide in November as stock pile-up in showrooms persists

Live Mint  

New Delhi: Retail sales of passenger vehicles fell 13.72% year-on-year in November, reflecting subdued post-festive demand and lingering inventory challenges, according to data released by the Federation of Automobile Dealers Associations on Monday. Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% …

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand
Trending News
1 month ago

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand

Deccan Chronicle  

Pune: Retail sales of automobiles in India jumped 11.21 per cent on year to 32,08,719 units in November, riding on robust two-wheeler demand, Federation of Automobile Dealers Associations or FADA said on Monday. Sales of two-wheelers soared 15.8 per cent to 26,15,953 units last month, as against 22,58,970 units in November 2023. FADA said the commercial vehicles sales also dropped …

Mint Explainer: How sustainable is India's rural consumption boom?
1 month, 3 weeks ago

Mint Explainer: How sustainable is India's rural consumption boom?

Live Mint  

India’s consumer goods giants found an unexpected saviour this past quarter: rural demand. The periodic labour force survey data show a jump in women’s participation in economic activities in rural India since the Covid-19 pandemic. The easing of labour law provisions by some states to allow women to work night shifts also contributed to raising their participation in economic activities …

Mint Explainer: How sustainable is India's rural consumption boom?
1 month, 3 weeks ago

Mint Explainer: How sustainable is India's rural consumption boom?

Live Mint  

India’s consumer goods giants found an unexpected saviour this past quarter: rural demand. The periodic labour force survey data show a jump in women’s participation in economic activities in rural India since the Covid-19 pandemic. The easing of labour law provisions by some states to allow women to work night shifts also contributed to raising their participation in economic activities …

Rural consumption revival pushes digital demand in small towns
2 months ago

Rural consumption revival pushes digital demand in small towns

Live Mint  

Indians in smaller towns are spending more online than their urban counterparts on the back of a much-awaited revival in rural demand. Festive season spending patterns indicate a revival in semi-urban and rural consumption demand, with smaller cities seeing a significant rise in spending. Urban consumption growth in the September quarter fell sharply to 2.8% from 10.1% in the March …

Passenger vehicle, two-wheeler sales hit new high in October: Siam
2 months ago

Passenger vehicle, two-wheeler sales hit new high in October: Siam

Deccan Chronicle  

Pune: Both passenger vehicles and two-wheelers wholesales hit a new high in October, driven by strong festive season demand, the Society of Indian Automobile Manufacturers SIAM data on Wednesday revealed. While passenger vehicle sales stood at 3,93,238 units, up 0.9 per cent from 3,89,714 units, the best ever in the month, SIAM said. Passenger Vehicles posted its highest ever sales …

Mint Primer: Why the urban middle class has cut spending
2 months, 1 week ago

Mint Primer: Why the urban middle class has cut spending

Live Mint  

The second quarter FY25 results of bellwether consumer companies such as Nestle India, HUL and Maruti Suzuki have revealed an urban consumption slowdown. According to the finance ministry’s Monthly Economic Report, volume growth in the fast-moving consumer goods sector has dropped from 10.1% in Q1 to 2.8% in Q2. Both Nestle India and HUL struggled to post a flat revenue …

India's Q1 GDP: Private consumption lifts mood
4 months, 2 weeks ago

India's Q1 GDP: Private consumption lifts mood

New Indian Express  

NEW DELHI: The GDP growth slumped to a 15-month low with 6.8% real rate of growth in the first quarter of 2024-25. As per Gaura Sen Gupta, economist, India First Bank, the growth is likely led by rural demand with improvement in labour market conditions. High frequency indicators for urban demand like FMCG sales volume and passenger vehicle sales growth …

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
9 months ago

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body

Hindustan Times  

Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers said. The vehicle sales across the categories surged by 12.5 per cent to 2,38,53,463 units in the period under review On the other hand, the overall passenger …

Two sides to India’s consumption story
11 months ago

Two sides to India’s consumption story

New Indian Express  

India’s so-called K-shaped economic growth has a new name – premiumisation. Earlier this year, the government released the first advance estimates of GDP growth in FY24 showing consumption growth at 4.4 percent -- the lowest in 20 years. The government’s efforts to promote local manufacturing by levying high taxes on imported goods have also resulted in higher prices for many …

Indian economy is resilient amid global slowdown: Sitharaman
1 year, 1 month ago

Indian economy is resilient amid global slowdown: Sitharaman

Hindustan Times  

The Indian economy is “remarkably resilient” amid a global slowdown because of “solid” domestic demand, moderate inflation, sustained capital expenditure and continued buoyancy in revenue collections, the finance ministry said in its monthly review on Tuesday. “Despite rising input costs, overall sentiment in the services sector remains upbeat, driven, among others, by an upswing in the tourism cum hotel industry …

Entry-level vehicles’ share in PV sales hits record low
1 year, 2 months ago

Entry-level vehicles’ share in PV sales hits record low

Live Mint  

New Delhi: The small car segment, which includes micro and mini cars, saw a record decrease in its share of passenger vehicle sales during the second quarter, pointing towards a notable shift in consumer preferences. The continuous downslide in these large automotive segments which represent a vast majority of the Indian consumer seeking upward social mobility shows that the pick-up …

Industrial growth hit 14-month high of 10.3% in August
1 year, 3 months ago

Industrial growth hit 14-month high of 10.3% in August

The Hindu  

India’s industrial output surged at a 14-month high pace of 10.3% in August, from a 6% rise in July, aided by favourable base effects from last year when production levels had contracted 0.7% and the best manufacturing performance since this April. Consumer goods’ production reflected a mixed trend, although durables’ output grew for the first time in three months, at …

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs
1 year, 6 months ago

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs

News 18  

India Inc saw just 16 deals amounting to $98 million in the second quarter this year in the auto sector, registering a substantial decline in overall deal activity, with a 92 percent drop in values and 36 percent decrease in volumes, a report showed on Wednesday. The sector recorded a 21 percent growth in domestic sales in FY 2022-23 across …

Pakistan economic crisis drives massive 84% dip in vehicle sales
1 year, 7 months ago

Pakistan economic crisis drives massive 84% dip in vehicle sales

Hindustan Times  

In Pakistan, the sale of passenger vehicles is on a steeper decline compared to other sectors. The biggest and most obvious reason behind the steep dip in vehicle sales Pakistan is a sustained decrease in demand. Attributing the numbers to Pakistan Automotive Manufacturers Association and local media, the report added that the massive fall has sounded alarm bells in a …

April auto retail slows as two-wheelers drag
1 year, 8 months ago

April auto retail slows as two-wheelers drag

Live Mint  

NEW DELHI : Retail automobile sales declined by 4% in April due to a drop in two-wheeler sales, particularly entry-level models, according to data from the Federation of Automobile Dealers Associations. FADA reported a decline in two-wheeler and passenger vehicle sales due to decreased consumer demand, with the entry-level two-wheeler segment seeing a 19% drop compared to the pre-covid month …

Retail Auto Sales See Double-Digit Growth In February On Strong Demand
1 year, 10 months ago

Retail Auto Sales See Double-Digit Growth In February On Strong Demand

ABP News  

India's automobile retail sales registered a double-digit year-on-year growth in February driven by robust sales across segments, including passenger vehicles and two-wheelers, automobile dealers' body Federation of Automobile Dealers Associations said on Monday. According to the FADA release, total registrations across segments rose 16 per cent YoY to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. …

Passenger Vehicle Wholesales Zoom 92 Per Cent In September On Festive Season Demand
2 years, 3 months ago

Passenger Vehicle Wholesales Zoom 92 Per Cent In September On Festive Season Demand

ABP News  

Passenger vehicle wholesales in India rose 92 per cent to 3,07,389 units last month, as compared to the same month last year, riding on the back of strong festive season demand, auto industry body Society of Indian Automobile Manufacturers said on Thursday. According to the latest data by the Society of Indian Automobile Manufacturers, two-wheeler sales also rose 13 per …

Rich-poor gap shows up in smartphone sales as well
2 years, 4 months ago

Rich-poor gap shows up in smartphone sales as well

Live Mint  

NEW DELHI :The affordable smartphone segment is shrinking because of inflation, high input costs and parts shortages, even as the premium phone market expands, indicating that spending by wealthier Indians is roaring even as their poorer counterparts cut back. “There is a decline in entry tier due to supply issues as well as softening of consumer demand due to inflation …

Automobile retail sales in India dropped 8% in July because of this reason: Report
2 years, 5 months ago

Automobile retail sales in India dropped 8% in July because of this reason: Report

Hindustan Times  

Automobile retail sales in the country dropped 8% in July this year on lower registrations of passenger vehicles, two-wheelers and tractors. Last month, passenger vehicle retail sales witnessed a drop of 5% at 2,50,972 units compared to 2,63,238 units in the year-ago period. According to data released by the Federation of Automobile Dealers Associations on August 4, overall automobile sales …

Why India's two-wheeler growth story got derailed?
2 years, 11 months ago

Why India's two-wheeler growth story got derailed?

Business Standard  

Titled ‘Inequality Kills', an Oxfam India report recently said that the country’s richest families saw their wealth reach a record high in 2021, while 84% of Indian households saw an income decline during the pandemic. So, apart from the gross domestic product or GDP -- which the RBI claims will grow at 9.5% in the fiscal year 2022 -- there …

Passenger vehicle sales slip by 19% in November due to chip shortage: Auto industry body
3 years, 1 month ago

Passenger vehicle sales slip by 19% in November due to chip shortage: Auto industry body

Live Mint  

Wholesale of passenger vehicle in India has declined by 19% in November due the shortage semiconductor, which continued to impact vehicle production and subsequent deliveries to dealer partners. The passenger vehicle dispatched last month stood at 2,15,626 units, down 19% from 2,64,898 units in November 2020. Total automobile sales across categories drooped to 12,88,759 units last month compared to 18,89,348 …

Passenger vehicle wholesales drop 41% in Sept as chip shortage impacts production
3 years, 3 months ago

Passenger vehicle wholesales drop 41% in Sept as chip shortage impacts production

Firstpost  

As per the latest data by Society of Indian Automobile Manufacturers, two-wheeler dispatches to dealers also witnessed a dip of 17 percent at 15,28,472 units, compared to 18,49,546 in September 2020. Passenger vehicle wholesales in India witnessed a decline of 41 percent year-on-year in September as automobile manufacturers struggled to produce adequate units owing to semiconductor shortage, auto industry body …

Number Theory: The Indian economy’s two paths to recovery
3 years, 4 months ago

Number Theory: The Indian economy’s two paths to recovery

Hindustan Times  

June quarter GDP growth of 20.1% was slightly lower than expected estimates. “August saw a continuation of the Indian manufacturing sector recovery, but growth lost momentum as demand showed some signs of weakness due to the pandemic”, Pollyanna De Lima, Economics Associate Director at IHS Markit, the agency which conducts the PMI survey said in a press release. At 11.6 …

Aakar Patel | The middle class is not growing… What does future hold for India?
3 years, 5 months ago

Aakar Patel | The middle class is not growing… What does future hold for India?

Deccan Chronicle  

Till a few weeks ago, the issue dominating the media in India and for a few days even across the world was India’s management of the Covid-19 pandemic. The growth of bank credit to industry fell from 15 per cent in 2013 to 12 per cent in March 2014, five per cent in 2015, 2.7 per cent in 2016, minus …

Indians Bought 61 Thousand Lesser Cars Compared to Last Fiscal, Two-Wheeler Sales Dropped by More than 20 Lakh Units
3 years, 9 months ago

Indians Bought 61 Thousand Lesser Cars Compared to Last Fiscal, Two-Wheeler Sales Dropped by More than 20 Lakh Units

News 18  

Passenger vehicle sales in India declined by over two per cent in the 2020-21 fiscal as the Covid-19 pandemic has put brakes on the sector which has already been witnessing a structural slowdown over the last few years, industry body SIAM said. Similarly, total two-wheeler dispatches during the last fiscal by companies to their respective dealer partners declined by 13.19 …

Good News For Auto Industry; Sales Of Passenger Vehicles Increase By 18 Percent In Feb
3 years, 10 months ago

Good News For Auto Industry; Sales Of Passenger Vehicles Increase By 18 Percent In Feb

ABP News  

Showing a strong comeback in February, India's passenger vehicle sales increased 17.92% to 2,81,380 units compared to 238,622 units the same month last year, the auto industry body Society of Indian Automobile Manufacturers said on Wednesday. According to the industry body's latest data, in February 2021, total sales of passenger vehicles, three-wheelers, two-wheelers, and quadricycles, increased by 15.36% to 22.5 …

Passenger Vehicle Sales in India Rise by 13.6% in December, Over 2.53 Lakh Units Sold
3 years, 11 months ago

Passenger Vehicle Sales in India Rise by 13.6% in December, Over 2.53 Lakh Units Sold

News 18  

Sale of passenger vehicles increased by 13.59 per cent in December 2020, according to data from the Society of Indian Automobile Manufacturers. A total of 2.53 lakh passenger vehicles were sold last month compared to over 2.22 lakh units during the same period of 2019. Two-wheeler sales also improved 7.42 per cent on a year-on-year basis to 11.28 lakh units …

Economy on revival! 4, 2 wheeler sale rise in December
4 years ago

Economy on revival! 4, 2 wheeler sale rise in December

India TV News  

Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. As per the latest data by Society of Indian Automobile Manufacturers, two-wheeler sales also rose 7.42 per cent to 11,27,917 units, compared to 10,50,038 in December 2019. In the October-December …

Upcoming Cropping Season Likely to Soften Blow For Two-Wheeler Makers in India
4 years, 2 months ago

Upcoming Cropping Season Likely to Soften Blow For Two-Wheeler Makers in India

News 18  

Improving rural prospects, downtrading in a subdued income environment, and greater preference for personal mobility will support sales of motorcycles in the economy segment, thereby limiting the slide in overall two-wheeler sales to 15-17 per cent this fiscal, Crisil Ratings said on Thursday. As per a CRISIL study of 5 manufacturers, accounting for 80 per cent of the sector’s sale …

Automakers worry about slow recovery in demand in urban India
4 years, 3 months ago

Automakers worry about slow recovery in demand in urban India

Live Mint  

NEW DELHI: India’s passenger vehicle and two-wheeler manufacturers are concerned that a delayed recovery in demand in the urban markets might lead to a prolonged slowdown in the industry. According to industry executives and analysts, around 70% of demand for cars, utility vehicles, scooters and premium motorcycles comes from urban pockets especially the top 20 cities which are most affected …

India's fuel demand drags lower as coronavirus crisis worsens
4 years, 5 months ago

India's fuel demand drags lower as coronavirus crisis worsens

India Today  

India’s fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity. Consumption of refined fuels, a proxy for oil demand, fell to 15.68 million tonnes in July, 11.7% lower compared with a year earlier and 3.5% …

Passenger vehicle wholesales down nearly 4% in July
4 years, 5 months ago

Passenger vehicle wholesales down nearly 4% in July

Live Mint  

Domestic passenger vehicles wholesale dropped 3.86% year-on-year to 1,82,779 units in July, as per data released by Society of Indian Automobile Manufacturers on Tuesday. The narrow decline in sales comes as a result of low base in the corresponding period when auto makers witnessed contraction in consumer demand as a consequence of the economic slowdown and increase in vehicle prices …

Growing sales of tractors may not propel recovery
4 years, 5 months ago

Growing sales of tractors may not propel recovery

Live Mint  

In June 2020, tractor sales within India jumped 22.5% to 92,888 units. If we just compare June 2020 sales with June 2019 sales, it hints at a revival in the rural economy. Only if tractor sales numbers remain robust between July and September can we suggest a marginal revival in the rural economy. As Panagariya, the first vice-chairman of NITI …

Fuel demand recovers from 13-year-low as economic activity gains momentum
4 years, 6 months ago

Fuel demand recovers from 13-year-low as economic activity gains momentum

India Today  

India’s fuel demand in June extended its recovery from a 13-year low hit in April, lifted by a pickup in activity as the economy gradually reopens from lockdown restrictions imposed to combat the coronavirus pandemic, government data showed on Thursday. Demand for fuel plunged to 9.94 million tonnes in April, its lowest level since 2007 as stringent lockdown measures hammered …

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis
4 years, 8 months ago

Automakers warn of up to 45% sales drop as economy slumps due to pandemic; seek govt help in crisis

Firstpost  

The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown. New Delhi: Automakers have warned that total automobile sales could fall as much as 45 percent in the current fiscal year in a worst-case scenario as economic growth slumps due to …

April 2020 to Go Down In India's History as the Month of Zero Car and Two-Wheeler Sales
4 years, 8 months ago

April 2020 to Go Down In India's History as the Month of Zero Car and Two-Wheeler Sales

News 18  

As we start off with a new month, this is usually the time when we would be tracking the sales numbers achieved by different automakers across India. Zac Hollis April 24, 2020 There are a couple of exceptions, however, as Maruti Suzuki – India’s largest carmaker – did issue a statement saying that the sales for the month stood at …

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 …

Automobile sales down 19.08% in February; economic slowdown, BS-VI transition take toll: SIAM
4 years, 10 months ago

Automobile sales down 19.08% in February; economic slowdown, BS-VI transition take toll: SIAM

Firstpost  

New Delhi: Automobile sales in India across categories declined 19.08 percent in February as economic slowdown continued to hit demand, besides lower production in view of transition to BS-VI emission norms affecting wholesale dispatches, auto industry body SIAM said on Friday. Vehicle sales across categories stood at 16,46,332 units last month as against 20,34,597 units in February 2019, according to …

Domestic passenger vehicle sales drop 6.2% in January on subdued consumer demand: Industry body
4 years, 11 months ago

Domestic passenger vehicle sales drop 6.2% in January on subdued consumer demand: Industry body

Firstpost  

Greater Noida: Domestic passenger vehicle sales declined 6.2 percent in January as vehicle demand continued to be stressed by rising cost of ownership and slower GDP growth, automobile industry body SIAM said on Monday. Passenger vehicle sales last month stood at 2,62,714 units against 2,80,091 units in the year-ago month, according to data released by the Society of Indian Automobile …

Why India’s diesel demand is contracting, and what it means
5 years, 1 month ago

Why India’s diesel demand is contracting, and what it means

Live Mint  

India's demand for diesel is slowing as the country's car fleet shifts predominantly to gasoline, trucks get more efficient and solar pumps displace diesel-fed units across the countryside. The combination of these changes has led analysts, academics and company officials to speculate that diesel demand growth in the world's third-largest crude oil consumer may have peaked, with significant repercussions for …

Passenger vehicle sales rise marginally in October
5 years, 2 months ago

Passenger vehicle sales rise marginally in October

India TV News  

Domestic passenger vehicle sales witnessed a marginal increase of 0.28 per cent to 2,85,027 units in October from 2,84,223 units in the year-ago period. Domestic car sales were down 6.34 per cent to 1,73,649 units as against 1,85,400 units in October 2018, according to data released by the Society of Indian Automobile Manufacturers. Total two-wheeler sales in October declined 14.43 …

Indian automobile crisis: Domestic sales drop 12.76 per cent in October 2019
5 years, 2 months ago

Indian automobile crisis: Domestic sales drop 12.76 per cent in October 2019

India Today  

A slight cheer in the passenger vehicle segment owing to festive season offers could not prevent a seventh consecutive overall monthly domestic sales decline of the Financial Year 2019-20 with the numbers falling 12.76 per cent to 21,76,136 units in October, the latest data available with the SIAM has shown. The passenger vehicle sales marginally rose 0.28 per cent to …

Indian automobile crisis: Domestic sales decline 22.41 per cent in September 2019
5 years, 3 months ago

Indian automobile crisis: Domestic sales decline 22.41 per cent in September 2019

India Today  

The Indian automobile crisis is showing no signs of subsiding with the overall domestic sales plunging 22.41 per cent to 20,04,932 units in September 2019, the latest data from SIAM has shown. During September 2019, the passenger vehicle sales declined 23.69 per cent to 2,23,317 units, while the commercial vehicle sales plunged 39.06 per cent to 58,419 units. While the …

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 …

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front
5 years, 3 months ago

Auto sector crisis: Amid dip in revenue, govt may not cut tax to spur demand; carmakers should be ready to compromise on price front

Firstpost  

Srivastava also pointed out that India’s auto sector had seen its best growth in the 7-8 years that Uber and Ola came into existence. This week, Maruti Suzuki’s executive director — marketing & sales, Shashank Srivastava, responded claiming India’s ownership patterns had not really changed and people were still buying cars with an ‘aspirational aspect’. He also pointed out that …

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