Economy

Passenger vehicles down marginally in Oct: SIAM

As per the data released on Friday, sales of passenger vehicles, which includes cars, utility vehicles and vans, declined to more than 2.79 lakh units last month from more than 2.80 lakh a year ago, the first decline in four months.

Domestic passenger vehiclesales in the country dipped marginally by 0.3% in October on account of inventory correction by vehicle makers, industry body SIAM has said.

Within the passenger vehicles, the biggest contributor, cars, clocked a decline of 5.32 per cent to 184,666 units.

Consequently, the overall domestic passenger vehicle sales slipped by 0.30 per cent in October 2017 to 279,837 units from 280,677 units sold during the corresponding period in 2016. Most auto makers, barring market leader Maruti Suzuki, reported a flat performance while some also declined.

"The decline is not necessarily a reflection of market sentiment".

In the passenger vehicle segment, Maruti Suzuki India posted a growth of 9.25 per cent at 1,35,413 units but that of Hyundai Motor India was down 0.86 per cent at 49,588 units. It is a temporary blip...

Sales of two wheelers, the largest automobile segment by volumes, declined by nearly three per cent to 1.75 million units in October.

Motorcycle sales last month declined by 3.5% to 11,04,498 units compared to 11,44,512 units in October 2016. This is the first decline since January this year. Honda Motorcycle and Scooter India (HMSI) also saw its sales dropping by 13.77 per cent to 1,44,431 units as against 1,67,496 units in October 2016. Country's largest two wheeler maker Hero MotoCorp registered a decline of nearly four per cent to 0.54 million units.



Like this

loading...
loading...

Latest


10 Ноября 2017
Air Force Pilot Shortage Grows to almost 2000; Force Tension 'Significant'
The Air Force has flown 14,000 sorties in the past three months alone. Last summer, the Air Force said it was 1,500 pilots short.

10 Ноября 2017
Maxim Integrated Products, Inc. (MXIM): Insider Trading and Ownership Analysis
Payden & Rygel decreased Regal Entertainment Group (NYSE:RGC) stake by 201,500 shares to 623,300 valued at $12.75M in 2017Q2. During last three month period, the net percent changes held by Institutional Investors has observed a changes of 1.81%.

10 Ноября 2017
Sizzling Stock Touches New Recent High: Dollar Tree, Inc. (NASDAQ:DLTR)
Norinchukin Bancshares The invested in 16,424 shares or 0.02% of the stock. 37 funds opened positions while 76 raised stakes. Cipher Cap Ltd Partnership holds 0.37% in Dollar Tree, Inc. (NASDAQ:DLTR). 10,300 are held by Psagot Inv House Ltd.

10 Ноября 2017
Mahindra Logistics shares fall 2.1% on market debut
The share touched its 52-week high Rs 1,459.50 and 52-week low Rs 1,165.00 on 12 June, 2017 and 02 December, 2016, respectively. The trading volumes on the counter more than doubled with a combined 3.03 million shares changed hands on the NSE and BSE.

10 Ноября 2017
How Have Institutional Investors Been Trading Abbott Laboratories (ABT)?
The healthcare product maker reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.01. It dropped, as 99 investors sold SLB shares while 590 reduced holdings. 58 funds opened positions while 138 raised stakes.

10 Ноября 2017
FY2017 EPS Estimates for Lexington Realty Trust Boosted by Analyst (LXP)
The stock has a market capitalization of $2,402.36, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.76 and a beta of 0.62. Baird maintained Education Realty Trust, Inc . (NYSE:DLR) earned "Outperform" rating by RBC Capital Markets on Friday, May 13.

10 Ноября 2017
John Stones pleased with Manchester City form
Despite being rocked by a succession of injury setbacks, Gareth Southgate is sticking with his plan to run with a three-man defence in these games and beyond.

10 Ноября 2017
Technical Snapshots for Investors: International Business Machines Corporation (IBM)
Vanguard Group Inc. increased its holdings in International Business Machines Corporation by 3.7% during the second quarter. Regent Invest Management Limited Liability Corp invested 0.09% of its portfolio in International Business Machines Corp.

10 Ноября 2017
Sears Holdings Corp Q2 2017 Institutional Investor Sentiment Worse Than Expected
The Fairholme Capital Management Llc holds 28.86 million shares with $255.74 million value, down from 28.92 million last quarter. Within those holders, 37 of them increased their positions - representing 1,601,396 shares of Sears Holdings Corporation (SHLD).

10 Ноября 2017
Global Solar PV Backsheet Market Outlook 2017 Growth, Trends, Forecasts 2022
North America is the largest production and consumption region in the world, while China is fastest growing region . This report also shed lights on Solar Cell and Module development opportunities and threats to the market growth.