The mid- and long-term prospects remain strong for the Indian automotive market even though short-term challenges stemming from inadequate availability of semiconductors have disrupted operations in the industry, said Kenichi Ayukawa, managing director at . The vaccination drive being undertaken by the government, rapid development of road infrastructure and a young aspirational population ensure good … Read more
Mumbai: The festive season has got off to a good start with the 15 days of Ganesh Chathurti and Onam recording strong growth of 15-20% over previous season. Car makers have sold close to 50,000 units in the states of Maharashtra and Kerala during the key festivities in August, which usually attracts higher numbers of … Read more
Mumbai: The Indian auto industry’s recent fillip to sales propelled by the pent-up demand released after the lockdown was eased has seen a number of fresh job positions opening up in the segment. Hiring activity recovered in terms of demand for white collar and blue collar workers in July from the slump hit in March … Read more
Mumbai: Automakers reported disappointing sales figures for the month of July in all segments barring tractors compared to year-ago on account of Covid-19 induced lockdowns. However, the numbers improved on a sequential basis and the recovery is expected to be gradual. Apart from demand issues, supply-side pressures are also weighing on auto companies in light … Read more
Mumbai: Brokerages have a mixed view on Maruti Suzuki India after the car maker reported a net loss of Rs 249.4 crore for the June quarter-its first loss in 17 years. Antique, CLSA, and Kotak Institutional Equities maintained sell rating on Maruti, while Investec downgraded the stock to sell. Nomura has maintained hold recommendation. Emkay … Read more