Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers … Read more
New Delhi: Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,257 lakh units last month as compared to 3,35,436 in the same month a year ago, registering a … Read more
Mumbai: After delivering strong results across the segments in the year that ended in March, Tata Motors business units’ next phase of growth will encompass focussing on market beating growth, improving margins, and enhancing customer experience in the current year, N Chandrasekaran, chairman Tata Motors, wrote in a letter to the shareholders in the company’s … Read more
Alibaug, Maharashtra: Tata Motors-owned Jaguar Land Rover (JLR) plans to double its India sales over the next three years in line with its global strategy. It’s also getting set to assemble the marque’s flagship Range Rover model as well as the Range Rover Sport in India for the first time. They join other JLR cars … Read more
Hyundai Motor’s top three cars sold in rural India during January-April 2024 were all SUVs, nudging out small car Grand i10 from the podium for the first time, reflecting the growing aspiration and purchasing power of rural buyers in India. Its rivals Maruti Suzuki, Tata Motors and Honda, too, are seeing a spike in demand … Read more
Auto market expert Hormazd Sorabjee highlights that while Mahindra’s newly launched 3XO has captured customer interest with its features and pricing, the company needs to focus on two factors if they wish to become market leader or beat Tata and Maruti. Hormzad said that the car maker must focus on improving service and reliability to … Read more
Hormazd Sorabjee, Editor, Autocar India, says Nexon is the mainstay of the Tata range. It is their number one seller and Tata Motors will do a lot to guard its stuff. So, I am sure we will see a lot of action in terms of, might even be pricing going forward. The Maruti offering s … Read more
Investors can look for opportunities in stocks that have reported better-than-expected earnings for FY24. Out of the 1,375 stocks with market capitalisation exceeding Rs 1,000 crore, 374 have surpassed analysts’ earnings per share (EPS) estimates in FY24, according to data from LSEG. Among them, 20 are likely to offer returns exceeding 10% over the next … Read more
Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official. In FY24, Tata Motors group had given a guidance of 3 billion pound investment for Jaguar Land Rover (about … Read more
Mahender Chhabra, CFO & Anurag Gahlot, COO, Motherson Sumi Wiring, in conversation with ET Now. Gaholot says Motherson Sumi Wiring finds the market very interesting and expects very good growth in the future as well. Volume is growing from the OEMs who ate adding capacities and customers are also choosing feature-rich models or topline models. … Read more
