Over the past year, the cost of company's vehicles continued to be adversely impacted due to increase in various input costs, the auto major said in a regulatory filing.
The company had sold a total of 23,545 units in the same month a year ago, Tata Motors said in a regulatory filing.
Innova Crysta price will be increased by 2 per cent in August, said Toyota Motors on Thursday.
Electric mobility startup, Toutche on Monday launched its new generation Heileo H100 electric bicycle in India with price starting at Rs 48,900.
Skoda Auto India on Monday announced the rolling out of sport utility vehicle (SUV) Kushaq at the Skoda Auto Volkswagen India Pvt Ltd's plant in Pune.
TVS Motor Company on Monday opened a new showroom in Baghdad with distribution partner Ritaj International General Trade LLC.
In the eventuality of another spell of a pan-India lockdown, the automobile sector will continue its downwards trajectory, which will seriously affect workforce and OEMs may have to further delay product launches and capex plans, CARE Ratings said in a report.
MSI on Tuesday said it will hike prices of its vehicles from January to offset rising input costs
Butschek cited several factors, like low economic activity, subdued demand, liquidity constraints, as reasons for the current downturn. He was speaking at the annual convention of the Society of Indian Automobile Manufacturers (SIAM).
At 2.51 p.m., Tata Motors was trading 9.25 per cent lower at Rs 112 a share on the NSE before hitting its 52-week low of Rs 109.50 apiece. The Nifty Auto index was down 0.75 per cent. Other constituent stocks like Ashok Leyland, Apollo Tyres, Mahindra and Mahindra and TVS Motors were also trading in the red.
In all, the total sales of the Indian automobile sector declined by 12.34 per cent during June 2019 to 1,997,952 units across segments and categories. Consequently, sales slowdown led to a curtailment of manufacturing with the domestic passenger cars' production coming down by 22.26 per cent to 169,594 units from 218,167 units.
Detroit, Jan 13: Here are a few cars to watch out at the Detroit auto show beginning next week. Auto companies from Asian, Europe and the US will be showcasing their best models at the
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