Please buy it
It’s been well reported that India’s car industry is in trouble. Every month we hear the woes of the car producers – Tata Motors sales down 17.5 per cent year-on-year in May, Maruti down 14.4 per cent.
That’s the producers – what about the dealers? Continue reading »
Please buy it
Not again. Car sales fell for the seventh consecutive month in India this May, adding to the longest ever period of decline in the industry and sparking concerns that the market may shrink two years in a row.
Data from the Society of Indian Automobile Manufacturers (SIAM) show that car sales fell 12.3 per cent year-on-year in May with a total 143,216 vehicles sold altogether, down from 163,222 units in May 2012. Continue reading »
SUVs have emerged as the darling of the Indian auto industry – sales have grown while the wider sector lags and the launch of new models has spurred interest.
But all the excitement around these oversized, road-hogging status symbols may be on pause for a while. In the month of April SUV sales actually fell in India. Continue reading »
They don't make them like this any more
In developed economies the name Datsun has some value, especially among those nostalgic for a vintage jalopy.
But the retro appeal isn’t really the point in India. Will Datsuns take off as low-cost options in a growing economy with a rising middle-class? Continue reading »
SIAM got it completely wrong last year. So, do we believe them this time round?
The Society of Indian Automobile Manufacturers announced on Wednesday that in the fiscal year that just ended, for the first time in a decade, car sales in India shrank.
The society began the year predicting double-digit growth and slashed that figure repeatedly through the year. With that in mind, what do we make of their forecast for a 3-5 per cent expansion in the current fiscal year? Continue reading »
Is that an SUV or not?
Last month, India’s finance minister Palaniappan Chidambaram upped the excise duty on sports utility vehicles (SUVs) from 27 per cent to 30 per cent in the Union Budget.
But now, India’s minister for heavy industries, Praful Patel, has written to the finance minister asking him to withdraw the tax hike, after the auto industry reported the worst monthly sales figures in a decade. Continue reading »
Falling sales, excess inventory at dealerships and an increase in taxes – India’s Tata Motors had to take action.
On Tuesday, India’s largest car producer slashed the price of its Manza models by up to almost Rs50,000 ($912), bringing the starting price for the range down to Rs599,500. Continue reading »
What would a Hindustani Rolls Royce look like? A sleek Phantom with a multi-coloured sign on the boot: “Horn Ok Please”? Or a stylish Ghost, with strings of marigolds decorating the windscreen?
Continue reading »
In India, anyone who stands in public rearranging their purse would face a barrage of pleas from all sides. With the upcoming Budget announcement, the Indian government is experiencing much the same phenomenon.
The Society of Indian Automobile Manufacturers (SIAM) announced a fall in car sales for January – the third consecutive month of decline – and followed the news with a plea for a cut in excise duties in the coming Budget. Continue reading »
Without wanting to roll out all the driving puns, India’s auto industry is, well… stalling.
Until now, Indian car sales had been able to withstand slowdown in the wider economy. No longer. Continue reading »
It’s not only the biggest companies in China, India, Brazil and other emerging markets that are turning themselves into multinationals. So are smaller operators.
With annual revenues of around $2.5bn, Apollo Tyres, is only the world’s sixteenth largest tyremaker by sales, but it’s still going global. The group is currently investing $1bn on worldwide expansion over the next five years, aiming to be one of the world’s top ten tyre companies by 2017. Continue reading »