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CARS SALE SLUMP
ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a yearThe stock has multiplied many times over in just a few years, the order book has never been bigger, and the value packed into every vehicle...- China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- China's factory inflation hits 3-year high as energy costs surgeChina's producer inflation rose to a near three-year high of 3.9% in May, driven by higher energy costs and AI-related demand, while consum...
- SpaceX debut draws a crowd, but few recent hot IPOs outpace the marketWall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have ...
- Jaguar Land Rover profit wiped out by cyberattack, US tariffsLast year proved challenging for Jaguar Land Rover, as nearly all profits evaporated due to US tariffs, reduced demand from China, and a de...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Global stocks: BYD Q1 profit falls 55%, steepest drop in 6 years as China sales falterChinese electric vehicle maker BYD's quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday, hit by ...
- Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
- Stock market today: Tesla share price crashes even as Elon Musk's company witnesses jump in China model salesTesla stock price: Tesla has posted two consecutive years of declining deliveries for the first time in its history.
- Car sales slump again in Europe amid renewed restrictionsThe European industry registered 953,616 new cars last month, a decrease of 7.8 per cent, and a reversal of fortunes after September marked...
- Slump in car sales shows pain persists for Modi’s economyLocal companies sold 105,617 cars and SUVs, compared with 209,522 in June 2019, data released by the Society of Indian Automobile Manufactu...
- Covid impact: The hottest new car models will smell of disinfectantThe outlook for sales isn’t entirely bleak. Car sales have rebounded in China.
- Honda considers restructuring manufacturing operation, as sales almost halve in four yearsWith annual plans likely to drop to almost 1 lakh units in FY20, Honda may move production from Greater Noida to the Rajasthan plant and se...
- Honda Cars India sales slump 37% in SeptemberThe company exported 946 units last month.
- No country for new cars: The millennial angle in India's auto slumpDoes FM's comment have substance, or was it off the mark? Sales numbers of a auto vertical holds the clue.
- Lowering GST on automobiles would help the economy: Anand MahindraIn a tweet, Mahindra echoed calls from the auto industry to reduce goods and services tax (GST) on vehicles amid a prolonged sales slump.
- Lowering GST on automobiles would help the economy: Anand MahindraIn a tweet, Mahindra echoed calls from the auto industry to reduce goods and services tax (GST) on vehicles amid a prolonged sales slump.
- Sales of scooters slip for first time in 13 years, PV segment sees slowest pace in 5 yearsJobs strain and growing pains in rural and semi-urban India have started to adversely affect the auto industry.
- European car sales slump by 14.5%New car sales in Europe slumped 14.5 per cent in October, the sixth consecutive monthly drop as the economic crisis takes hold, the Europea...
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