Automaker Kia India on Wednesday said its sales increased 69 per cent year-on-year to 18,718 units in May. The company had dispatched 11,050 units to dealers amid second wave of COVID-19 in May 2021. The Sonet became the highest contributor to the company's overall sales with 7,899 units, followed by Seltos (5,953 units), Carens (4,612 [...]
Skoda Auto India on Wednesday reported an over six-fold increase in sales at 4,604 units in May. The company had sold 716 units in the COVID-hit May last year, Skoda Auto India said in a statement. “It is heartening for us at Skoda that despite challenges posed by the semiconductor shortage, we are maintaining momentum [...]
Toyota Kirloskar Motor (TKM) on Wednesday reported an over 14-fold increase in total vehicle sales to 10,216 units in May, as compared to the same month last year. The company had dispatched just 707 units to dealerships in May last year amid the second wave of the COVID-19 pandemic. "Demand continues to peak as we [...]
Bajaj Auto on Wednesday reported a marginal growth in its total vehicle sales at 2,75,868 units in May, as against 2,71,862 vehicles sold in the year-ago period. Total domestic sales, including commercial vehicles, surged 85 per cent to 1,12,308 units, as against 60,830 vehicles sold in May 2021, while exports declined 22 per cent to [...]
Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256. The stock made its debut at Rs 271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to [...]
MG Motor India on Wednesday reported a two-fold increase in its retail sales at 4,008 units in May. The company had sold 1,016 units in the same month last year, MG Motor India said in a statement. The automaker had sold 2,008 units in April, 2022. This growth demonstrates improvement in chip availability, and the [...]
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive entry-level [...]
Coffee Day Global Ltd, which owns and operates popular coffee chain CCD, has posted a net profit of Rs 65.40 crore for the fourth quarter ended on March 31, 2022. It had posted a net loss of Rs 94.81 crore in the January-March quarter in FY21 and a net loss of Rs 94.81 in the [...]
IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said on Tuesday it will launch its first store in the city, on June 22. The large-format store will be connected to the Nagasandra metro station, it said in a statement. IKEA India also announced Anje Heim as the Market Manager for the Karnataka [...]
Shares of Sun Pharmaceutical Industries fell by over 4 per cent in morning trade on Tuesday a day after the company said its consolidated net loss stood at Rs 2,277 crore for the fourth quarter ended March 2022, mainly on account of a one-time exceptional loss. The company's stock declined 4.12 per cent to Rs [...]
