Category: News Type

More pain for rupee likely on India’s trade gap, capital outflow

NEW DELHI: India’s ballooning trade gap and capital outflows are raising new risks for the rupee, just as the currency’s plunge to a record low adds to inflation woes. “India’s external balances are deteriorating,” economists at Goldman Sachs Group Inc. wrote in a note Thursday, citing the terms-of-trade shock from higher commodities prices and weakening… Continue reading More pain for rupee likely on India’s trade gap, capital outflow

June factory growth at 9-month low as inflation worries bite

Factory output growth rose to a eight-month high of 7.1% from a year ago, led by a double-digit increase in electricity production. BENGALURU: India’s factory output expanded at its slowest pace in nine months in June as elevated price pressures continued to dampen demand and output, according to a private survey, which also showed business… Continue reading June factory growth at 9-month low as inflation worries bite

M&M’s UV sales up 60 percent in June 2022

Mahindra & Mahindra said its overall auto sales for June 2022 stood at 54096 vehicles. In the Utility Vehicles segment, M&M sold 26620 vehicles in the month, 60 percent above year-earlier month sales. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26880 vehicles in June 2022. On a sequential basis, Mahindra’s May tally of 26, 650 units means sales… Continue reading M&M’s UV sales up 60 percent in June 2022

Tata Motors clocks steady gains in June

Tata Motors has posted a steady increase in sales in June. It sold 41,690 ICE vehicles compared to 23,452 ICEs sold in June 2021, clocking a 78 percent increase. Even on a month-on-month, comparison, the sales are up 5 percent from the 39,887 ICE vehicles sold in May. The carmaker also posted a steady uptick in the… Continue reading Tata Motors clocks steady gains in June

Skoda’s June tally hits a new high

Skoda Auto India recorded sales of 6023 units  June 2022 breaking a decade-old record with 5,608 units in March 2022. Year-on-Year, June 2022 is a rise of 721 percent compared to the 734 cars sold in June 2021. The company’s June tally was 30 percent over May 2022 sales of 4604 units. Above all, the company’s… Continue reading Skoda’s June tally hits a new high

OEMs go all out to woo SUV buyers

The Hyryder is Toyota’s first mid-size SUV for India and will be launched in the coming months. Automakers are pitching their upcoming offerings to car buyers with marketing plans that use innovative key words and messaging such as ’Hot n Techy’ in case of the Brezza or ‘Big Daddy’, the tagline for Mahindra’s new Scorpio-N, to showcase their… Continue reading OEMs go all out to woo SUV buyers