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Topic: Auto sales

Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

Traders pin hope on festive season sales, focus on cars, home appliances, low-value gold

Production and inventory levels are up. However, traders expect this season to see change in purchase patterns amid the pandemic and missing Chinese goods.
Suzuki Motor Plant Tour

No festive cheer for auto sector, data shows 2% contraction in vehicle registrations

Vehicle registrations contracted by 2 per cent to 24.17 lakh units this festive season. Contraction also seen in two-wheeler segment.
Newly manufactured Maruti Suzuki cars are seen parked inside the company factory in Manesar near Gurugram

Automakers see marginal growth in September sales — but year-on-year fall continues

Maruti, Mahindra and Bajaj Auto report a slight increase in September sales as compared to August. All eyes are now on the festive season.

On Camera

File image of BSE building at Dalal Street, Mumbai | Commons

How PSU’s market cap fell by 36% in 6 years under Modi govt, while stock market doubled theirs

In episode 605 of #CutTheClutter, Shekhar Gupta parses numbers to highlight how public sector firms and banks lost Rs 6.9 lakh crore in value in 6 years.
Gold jewellery (Representational image) | Bloomberg

Gold sales this festival season to be India’s worst since 2008

Covid and weak economic growth are likely to push sales below last year’s 194 tons to the lowest quarterly numbers since 2008, according to a consultant at Metals Focus Ltd.

Defence

Army personnel during a parade (representational image) | Photo: Suraj Singh Bisht | ThePrint

Army develops WhatsApp-like app for personnel to dodge risk of communication leaks

The Secure Application for Internet supports secure voice, text and video-calling services for Android platforms over the internet. It is end-to-end encrypted. 
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.