MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Outlook Arena
- Dec 13, 1999 - Car sales surge to breach 500,000-mark
Car sales surge to breach 500,000-mark
Passenger car sales over the period April-November 1999, have witnessed sales of 502,067 units. This is the first time that car sales have breached the 500,000-mark. Passenger car sales of 502,067 units over the first eight months of FY2000 do not include utility vehicle (UV) sales of 120,000 units. If this figure is also included, car sales will exceed the 600,000-mark.
According to a news report in a leading financial daily, car sales have been averaging over 50,000 units since June 1999. Manufacturers are already witnessing rising demand for their products. For instance, Maruti is booked for most of its models for the entire month of December. In November, Tata's Indica also posted the highest ever monthly sales at 5,214 units, a 10% rise over October 1999. Other manufacturers like Hyundai (Santro, Accent) and Daewoo (Cielo, Matiz, Nexia) have also witnessed a demand surge for their products.
Rising passenger car sales is a reflection of the positive economic sentiment in the country. Increasing number of launches over the past few months have given the consumer a range of options. This has fuelled buying interest to a considerable extent, and there are no indications that this will wane.
More Views on News
TATA MOTORS Share Price Up by 5%; BSE AUTO Index Up 3.8% (Market Updates)
Apr 13, 2021 | Updated on Apr 13, 2021TATA MOTORS share price is trading up by 5% and its current market price is Rs 302. The BSE AUTO is up by 3.8%. The top gainers in the BSE AUTO Index are TATA MOTORS (up 5.2%) and M&M (up 6.8%).
TATA MOTORS DVR Share Price Up by 5%; BSE AUTO Index Up 3.3% (Market Updates)
Apr 13, 2021 | Updated on Apr 13, 2021TATA MOTORS DVR share price is trading up by 5% and its current market price is Rs 133. The BSE AUTO is up by 3.3%. The top gainers in the BSE AUTO Index are TATA MOTORS DVR (up 5.0%) and M&M (up 6.1%).
The BSE IT Index Down 4% ; COFORGE Among Top Losers (Market Updates)
Apr 13, 2021 | Updated on Apr 13, 2021The BSE IT Index Down at 27,510 (down 3.6%). Among the top losers in the BSE IT Index today are COFORGE, AURIONPRO SOLN and ALLSEC TECHNOLOGIES. Meanwhile, the BSE Sensex has surged 0.3% to 48,315.
M&M Share Price Up by 5%; BSE AUTO Index Up 1.7% (Market Updates)
Apr 13, 2021 | Updated on Apr 13, 2021M&M share price is trading up by 5% and its current market price is Rs 790. The BSE AUTO is up by 1.7%. The top gainers in the BSE AUTO Index is M&M (up 5.1%). The top losers are TATA MOTORS and TVS MOTORS .
More Views on NewsMost Popular
My Recent Recommendation Will Profit from the Global Supply Chain Crisis (Profit Hunter)
Mar 31, 2021A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.
My Stock Trading Strategy (Fast Profits Daily)
Mar 31, 2021In this video I'll show you exactly how I go about picking stocks for trading.
4 Stocks to Make Your Portfolio Immune to the Second Covid Wave (Profit Hunter)
Apr 6, 2021Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
If the Market Falls, I Will Do This... (Fast Profits Daily)
Apr 1, 2021What should you do if the market falls? In this video, I'll tell you what I will do.
India: Recovery Stalled by Vaccine Games? (The Honest Truth)
Apr 13, 2021Ajit Dayal on how India's vaccine strategy will impact the markets.
MoreOUR TOP 5 IDEAS
- India's Revival: A Once-in-a-generation Wealth Making Opportunity
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
S&P BSE AUTO
Apr 13, 2021 (Close)
S&P BSE AUTO 5-YR ANALYSIS
COMPARE COMPANY
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
- Momentum Moves
FOLLOW
APP
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "Car sales surge to breach 500,000-mark". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!