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  • A clear trend indicates the Auto companies' stocks are now faring better at the markets after hitting record lows during the initial phase of the Coronavirus lockdown.
    Auto Stocks in Bullish Mode; Slowly Getting Back To Pre-Lockdown Levels
  • There are hardly any path-breaking announcements made in the Union Budget 2017 to affect the auto sector - both from the perspective of auto manufacturers or the car buyer. There were expectations of at least some kind of announcement on the GST rollout which will standardise many aspects of the auto industry. But Finance Minister Arun Jaitley chose not to make any announcement on GST, keeping it for a later date. Reactions from the auto industry have been mixed with most auto makers welcoming the budget, but cautiously mentioning that more needs to be done to boost the automotive sector.
    Mixed Reactions To Union Budget 2017 From Auto Sector

Reviews

  • Dented by high fuel and interest costs in a slower economy, automobile manufacturers reported mixed sales for last month. Sales of India's largest passenger car manufacturer Maruti Suzuki reported an increase of 19.2 percent in its total sales, including exports, for May at 100,925 units.
    May 2014 Automobile Sales - Gainers & Losers