Related News

Bret Taylor, chairman of the board of directors of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley,

Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom is scheduled to report earnings for its fiscal third quarter after the close of regular trading on Thursday. Here’s what analysts

Salesforce CEO Marc Benioff attends the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 23, 2025. Halil Sagirkaya | Anadolu | Getty Images A bad

Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor’s IPO in July after the company reported earnings for the first time as

Kilauea volcano (AP image) Hawaii’s Kilauea volcano erupted again on Tuesday. This marks its 32nd eruption since December. Scientists say all these eruptions are part of the same ongoing activity,

Kilauea volcano (AP image) Hawaii’s Kilauea volcano erupted again on Tuesday. This marks its 32nd eruption since December. Scientists say all these eruptions are part of the same ongoing activity,

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Carmakers lose speed as demand still in slow lane

Word Count: 543 | Estimated Reading Time: 3 minutes


Carmakers lose speed as demand still in slow lane

New Delhi: The April-June 2025 quarter saw severe pressure on the domestic car market, with challenges in generating fresh demand as growing geopolitical tensions and concerns over the economy depressed consumer sentiments.Maruti Suzuki, the country’s biggest carmaker, reported a 6% decline in first-quarter wholesale numbers as the company dispatched around 3.9 lakh units to dealerships compared to 4.2 lakh units in the same quarter of the previous fiscal.

`

Hyundai experienced a decline of 12%, while Tata Motors also saw a 10% fall in its wholesale numbers.Mahindra & Mahindra and Kia Motors were among the companies that experienced growth in dispatches, backed by new models in their portfolio. Maruti stated that new demand remains under pressure, adding that industry’s outlook remains cautious. The company is also proceeding slowly with its Rs 35,000-crore project for a new factory in Gujarat due to the uncertain situation.Tarun Garg, director and COO at Hyundai India, said the geopolitical situation has impacted market sentiments, though the company anticipates some recovery going forward. Shailesh Chandra, MD of Tata Motors’ passenger vehicles and electric mobility businesses, said the industry experienced volume pressures, particularly in May and June. He said the flat growth reflects continued softness in demand.





Source link

Most Popular Articles