Bajaj Auto sales jump 20 pc to 4,69,531 units in September

Bajaj Auto sales jump 20 pc to 4,69,531 units in September

Bajaj Auto on Tuesday said its vehicle sales jumped 20 per cent to 4,69,531 units in September 2024 from 3,92,558 units sold in the same month of last year. During the reporting month, domestic sales rose 23 per cent to 3,11,887 vehicles from 2,53,193 units sold in September last year, while exports grew 13 per … Read more

EU tariffs on Chinese EVs are unlikely to dent their European expansion

EU tariffs on Chinese EVs are unlikely to dent their European expansion

People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they … Read more

Auto sales decline for second straight month in August

Auto sales decline for second straight month in August

Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% … Read more

Fed minutes signal September rate cut

Fed minutes signal September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Fed minutes signals September rate cut

Fed minutes signals September rate cut

Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Auto sector weightage in FPIs’ portfolio at a new high in July

Auto sector weightage in FPIs’ portfolio at a new high in July

ET Intelligence Group: Foreign investors are enhancing their exposure to the Indian automobile sector at a record pace, enthused by earnings that have exceeded consensus estimates, supported by lower raw material prices and an improved product mix.According to data from NSDL, foreign investor weightage in the auto sector reached a record 8.10% in July on … Read more

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more

Passenger vehicle sales drop for first time in 2.5 years

Passenger vehicle sales drop for first time in 2.5 years

Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales only later this month, industry … Read more

Foreign carmakers in China face ‘increasingly precarious’ situation

Foreign carmakers in China face ‘increasingly precarious’ situation

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s … Read more

EU announces higher tariffs on Chinese EVs as trade tensions sharpen

EU announces higher tariffs on Chinese EVs as trade tensions sharpen

Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | Visual China Group | Getty Images The European Union on Wednesday said it would slap higher tariffs on Chinese electric vehicle imports, which it … Read more