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2014-auto-expo-ends-with-hope-for-boost-in-automobile-sales

2014 Auto Expo ends with hope for boost in automobile sales

Greater Noida, Feb 12 (ANI): The curtains came down on the 12th edition of Auto Expo in Greater Noida with the hope that positivity around the show will spark a revival in demand after a prolonged slump in sales. Automobile giants resorted to different strategies and tactics in order to lure consumers, offered discount packages to boost sales. Car sales fell to 160,289 vehicles last month, as consumers kept a tight lid on spending, hurt by high interest rates and fuel costs in a slowing economy. Sales of passenger vehicles, which include cars and utility vehicles, fell 9.3 percent in January. The Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen said the taxes imposed on the automobiles resulted in decline of sales in the passenger car segment. Feb 12, 2014
bse-closes-points-73-96-up-on-feb-12

BSE closes points 73.96 up on Feb 12

New Delhi, Feb 12 (ANI): Trading at the Bombay Stock Exchange today closed 73.96 points up to stand at 20437.33. At the National Stock Exchange the Nifty closed 17.10 points up to stand at 6079.80. Muthoot Finance and Crompton Greav were among the top gainers of Group A with an increase of 9.78% and 5.29% along with Motherson Sumi and Financial Technology with an increase of 4.91% and 4.61% respectively, while the top losers of Group A include Tata Steel and India bulls Real Estate with a decrease of 4.19% and 3.48% along with United Brew-$ and Cairn India with a decrease of 3.29% and 3.00% at the close of the markets. The Auto sector is up 13.41 points at 11,804.69 while the banking sector is down 59.61 points at 11,683.77 and the realty sector is up 26.85 points at 1,232.20. The Indian currency is down 0.19% at Rs 62.10 per dollar. Feb 12, 2014
car-sales-fall-in-january-no-respite-seen-siam

Car sales fall in January, no respite seen: SIAM

New Delhi /Noida, Feb 12 (ANI): Car sales in India fell 7.6 percent in January, the fourth straight month of decline, according to figures released by the Society of Indian Automobile Manufacturers (SIAM), in a market set to fall for the second straight year. Car sales fell to 160,289 vehicles last month, the industry body said, as consumers kept a tight lid on spending, hurt by high interest rates and fuel costs in a slowing economy. Sales have fallen 5.2 percent so far this fiscal year that ends in March. The Deputy Director General of Society of Indian Automobile Manufacturers (SIAM), Sugato Sen, said that the auto industry is hoping that the government may cut factory gate duties when it presents the interim budget while there are no signs of an immediate recovery. Feb 12, 2014
Maruti Swift

Auto Expo 2014: Maruti Suzuki Unveils Swift Sport and Swift Dzire Opula

Maruti Suzuki, India's largest car maker appears to be preparing for an aggressive launch in the domestic market in the near future. The company, which recently took the wraps off its much anticipated Celerio in India, has now showcased a few interesting customised vehicles at the ongoing 12th edition of Delhi Auto Expo. Feb 12, 2014
bse-closes-points-27-98-up-on-feb-11

BSE closes points 27.98 up on Feb 11

New Delhi, Feb 11 (ANI): Trading at the Bombay Stock Exchange today closed 27.98 points up to stand at 20362.25. At the National Stock Exchange the Nifty closed 9.45 points up to stand at 6062.90. Muthoot Finance and Bharat Forge were among the top gainers of Group A with an increase of 10.74% and 6.12% along with JPPOWER and Motherson Sumi Systems with an increase of 5.83% and 4.61% respectively, while the top losers of Group A include Mangalore Refinery and MCX with a decrease of 4.20% and 3.95% along with UPL and RAMCO CEMENT with a decrease of 3.83% and 3.27% at the close of the markets. The Auto sector is up 13.41 points at 11,804.69 while the banking sector is down 59.61 points at 11,683.77 and the realty sector is up 26.85 points at 1,232.20. The Indian currency is down 0.24% at Rs 62.28 per dollar. Feb 11, 2014
bse-closes-points-56-62-down-on-feb-10

BSE closes points 56.62 down on Feb 10

New Delhi, Feb 10 (ANI): Trading at the Bombay Stock Exchange today closed 56.62 points down to stand at 20319.94. At the National Stock Exchange the Nifty closed 9.75 points down to stand at 6053.45.Muthoot Finance and Apollo Tyres were among the top gainers of Group A with an increase of 4.74% and 3.82% along with Wockhardt Ltd. and DLF Ltd. with an increase of 3.62% and 2.94% respectively, while the top losers of Group A include Idea Cellular Ltd. and Reliance Communications Ltd with a decrease of 8.54% and 4.03% along with Godrej Industries Ltd and Aurobindo Pharma with a decrease of 3.91% and 3.85% at the close of the markets. The Auto sector is up 13.41 points at 11,804.69 while the banking sector is down 59.61 points at 11,683.77 and the realty sector is up 26.85 points at 1,232.20.The Indian currency is down 0.14% at Rs 62.37 per dollar. Feb 10, 2014
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