AUTO INDUSTRY GOES ON TWO-WHEEL DRIVE
Article Abstract:
Except for the two-wheeler segment, all the other segments of the auto industry saw sales decline in the first half of 1998-99. Sales of the medium and heavy commercial vehicle segment declined by 38 percent to 30,063 units during April-September 1998. In this segment, sales of Telco declined by 47 percent to 18,049 units against 34,287 units in April-September 1997 while that of Ashok Leyland declined by 16 percent to 11,858 units against 14,097 units. Sales of the light commercial vehicle segment declined by 21 percent to 25,196 units. In this segment, sales of Bajaj Tempo fell by 33 percent to 1552 units against 2304 units while sales of Mahindra & Mahindra fell by 29 percent to 2467 units from 3488 units. Telco's sales fell by 20 percent to 17,135 units from 21,445 units while sales of Swaraj Mazda fell by 7 percent to 1509 units from 1627 units. The sales of passenger cars fell by 3.3 percent to 205,088 units during April-September 1998. The only exception was the two-wheeler segment which increased its sales by 15 percent to 1,648,358 units in the first six months of 1998-99. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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IND AUTO OFFERS SOP ON OFFTAKE FOR DEALERS
Article Abstract:
The Fiat subsidiary, Ind Auto, has increased dealer margins in an incentive scheme. On the Rs4.45 lakh Uno diesel car dealers can secure a gross margin of Rs18,500 and for the petrol model Rs23,000. The move was in response to repeated demand by dealers to hike their commission. Most dealers operate on a margin of 2 to 3 percent as against their overseas counterparts' 8 to 10 percent on each vehicle. The poor profit margins had made some two-wheeler dealers claiming insurance for non-existent transit losses. Recently Maruti Udyog had also raised dealer margins. (nr)
Comment:
The Fiat subsidiary, Ind Auto, has increased dealer margins in an incentive scheme.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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COMMERCIAL VEHICLES SECTOR MAY GET BAILOUT
Article Abstract:
The Indian government plans to introduce a few measures to help revive the stagnant commercial vehicles sector. The goverment plans to place an order for 10,000 vehicles through the defence ministry and change the depreciation norms. Commercial vehicle manufacturers showed a 34 percent decline in sales during 1997-98 and 43 percent decline in the first quarter of 1998-99. (khr)
Comment:
India: Indian government plans to introduce few measures to help revive stagnant commercial vehicles sector
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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