/Tag: Automobiles

Price hikes to dampen recovery for Indian automakers after festive boost: Fitch

2020-12-18T07:21:17+00:00December 17th, 2020|News in Brief|

Indian automakers' plans to pass on higher commodity prices to customers will dim the prospects for a demand recovery after December when the boost in some categories from pent-up demand and festive spending fades and the economic impact from the coronavirus pandemic reasserts itself, Fitch Ratings said on Thursday.

Passenger vehicle registrations grow 4.2 pc y-o-y in November: FADA

2020-12-09T12:13:12+00:00December 8th, 2020|India Inc Views - India Global Business, News in Brief|

Automobile registrations across the country dipped by nearly 19 per cent in November from the year-ago period but passenger vehicles marked growth of over 4 per cent, according to the Federation of Automobile Dealers Association (FADA).

Rebound in Indian steel, auto, real estate sectors points to V-shaped recovery

2020-11-27T10:19:51+00:00November 27th, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

Leading Indian steel companies have raised prices for the second time in November on the back of recoveries in several key consuming sectors. This is giving rise to optimism that the country is on the cusp of a quick and broad-based growth revival.

Recovery in car sales an optimistic pointer for Indian auto industry

2020-11-06T06:39:32+00:00November 2nd, 2020|Analysis - India Global Business, India Inc Views - India Global Business|

India’s Covid-hit auto sector is buzzing once again, thanks to massive pent-up demand and the emergence of a new class of buyers who want to avoid public transport because of pandemic fears. But experts are not sure if this signals a turnaround for the industry.

The worst may be over for the Indian economy

2020-10-29T14:29:58+00:00October 27th, 2020|In Focus: Covid-19 impact, India Inc Views - India Global Business|

Several leading indicators, such as automobile sales, power and fuel consumption, demand for cement and steel and offtake of housing, personal and farm loans show the economy is slowly recovering in Q2 from the massive 23.9 per cent contraction in Q1. But a full recovery will be possible only next year.