[volkman10]

The prevalent glum macroeconomic environment, uncertain fuel prices and rising interest rates have taken a toll, constraining customers to defer car purchases.
March hit another record low, leading to the overall car sales moving into a negative territory.



Source:ET

[volkman10]

Car sales seen growing 3-5% in FY 2013/14: Industry body.

http://economictimes.indiatimes.com/...w/19473120.cms

[volkman10]

Auto sales slip 7-8% in April; hike in excise duty on SUVs adds to woes!

The overall passenger vehicle market, which includes utility vehicles, has posted a decline of 7- 8% with sales of about 2.02 lakh units, while passenger cars have posted a steeper decline of 9-10% (1.53 lakh units approximately). This is over a low base of April 2012.

http://economictimes.indiatimes.com/...w/19826622.cms

[volkman10]

Loans to get cheaper as RBI cuts key policy rates.

The Reserve Bank of India (RBI) on Friday cut key policy rates by 0.25 percent, a move that will make auto, housing and other loans cheaper and help accelerate economic growth.

http://timesofindia.indiatimes.com/b...w/19858108.cms

[turbospooler]

Originally Posted by volkman10

Loans to get cheaper as RBI cuts key policy rates.

Not really. The banks take a call on this whether to pass the benefit to the customer or fatten their pockets. Hope they choose wisely!

[SDP]

Policy impact:

M&M considers modifying SUVs to avoid additional excise duty

More details at:
http://autocarpro.in/contents/NewsDe...=1&NewsID=2441

It would be interesting to see exactly how would M&M modify the current SUVs so that the SUV-criteria as defined by the govt does not apply to their vehicles.

[mroptimist]

SX4, Corolla Altis, Honda Civic may cost less as excise cut to 27%, CBEC clarifies they are sedans, not SUVs

Read it few minutes ago from The Hindu groups' businessline. Major relief for sedan's which were earlier classified as SUVs.

Read it full here: http://www.thehindubusinessline.com/...le4949042.ece#

[volkman10]

Mahindra & Mahindra to stop production for up to 6 days in forthcoming months.


http://economictimes.indiatimes.com/...w/21528176.cms

[volkman10]

Passenger Vehicle (PV) is expected to have the highest CAGR between 2014 -2019 in India, leaving behind even the two-wheeler segment- reports , Frost & Sullivan .

According to the report, PV is estimated to grow at a CAGR of 9.5 percent with annual sales reaching to 3.95 million units by 2019 while the two-wheeler will go up by 5.3 percent to reach 21.30 million units yearly sales. Utility Vehicle is expected to drive the growth in PV segment with an anticipated growth of over 20 percent over the next five years

The Compact segment is likely to grow at a CAGR of 4.0 percent over the
next five years. This segment is likely to be affected in the near future due to increasing preferences for compact Sports Utility Vehicles (SUVs - Ford Eco Sport, Renault Duster) and Super Compact segment vehicles (Suzuki Dzire, Honda Amaze, Hyundai Xcent, etc.)

The Super Compact segment which is expected to see few more new launches is likely to grow at a CAGR of 10.3 percent over next five years

With a maximum number of new launches by almost all the OEMs in Utility Vehicles (UVs), this segment is likely to grow at a CAGR of 20.2 percent over the next five years

The SUV is seen as a status symbol and feeds the aspirations of the growing middle class and the affluent. Another factor is the availability of financing options which has brought the expensive SUV into the affordable range for the consumer. UVs also provide the required capacity to accommodate the large Indian joint family and with the multi-utility nature of the vehicle, it proves to be the perfect vehicle for the small entrepreneur

http://auto.economictimes.indiatimes...livan/34958711