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Auto slowdown: Car sales continue to slide; decline by 6.34% in October
Posted on 11th November 2019
Domestic passenger vehicle sales witnessed a marginal increase of 0.28 per cent to 2,85,027 units in October from 2,84,223 units in the year-ago period.

Domestic car sales were down 6.34 per cent to 1,73,649 units as against 1,85,400 units in October 2018, according to data released by the Society of Indian Automobile Manufacturers (Siam).

Motorcycle sales, last month, declined 15.88 per cent to 11,16,970 units as against 13,27,758 units a year earlier.

Total two-wheeler sales in October declined 14.43 per cent to 17,57,264 units compared to 20,53,497 units in the year-ago month.

Sales of commercial vehicles were down 23.31 per cent at 66,773 units in October, Siam said.

Vehicle sales across categories registered a decline of 12.76 per cent to 21,76,136 units from 24,94,345 units in October 2018, it added.

In fact, barring utility vehicles, passenger carriers and quadricycles, all other vehicle categories witnessed decline in sales during the month.

Other Latest News
Adani Gas crashes 14% on report of gas regulator's notice on non-disclosure
Posted on 24th January 2020

Shares of Adani Gas slipped 14 per cent to Rs 148 on the BSE in Friday's session on reports that Petroleum and Natural Gas Regulatory Board of India (PNGRB) has sent a notice to the company for failing to disclose crucial information regarding a scheme of arrangement with Adani Enterprises.

According to the report by TV channel CNBC Awaaz, Adani Gas has bid for gas projects using networth calculations of Adani Enterprises and that the company’s shareholding changes and restructuring violated city gas distribution regulations.


Shiv Sena questions Centre on democracy ranking drop, economic woes
Posted on 24th January 2020

The Shiv Sena on Friday said there have been attempts to muzzle dissenting voices and this is one of the reasons for India slipping in the 2019 Democracy Index’s global ranking. An editorial in Sena mouthpiece Saamana said a slowdown in economy gives rise to unrest and instability, and this was getting reflected in the prevailing situation in the country.

Now (after an economic slowdown) there is a slide in (India’s) global democracy index ranking, the Marathi daily said.


Grilled on CAA at WEF, Goyal says Muslims in India safer than anywhere else
Posted on 24th January 2020

Union minister Piyush Goyal on Thursday said Muslims in India are safer than most places in the world.

India is probably one of the most inclusive societies in the world, Goyal said here at a session on 'Strategic Outlook: India' at the WEF 2020.


Judge who issued death warrants against Nirbhaya rapists transferred to Supreme Court registry
Posted on 24th January 2020

A Delhi court judge who issued death warrants for all four convicts in Nirbhaya case has been transferred to the Supreme court registry.

Judge Satish Arora has been appointed as additional registrar in the Supreme Court on a deputation for a year.

Satish Arora had been hearing the petition of parents of Nirbhaya seeking to expedite the process of execution.


Companies announce clinical trials for vaccine against China virus
Posted on 24th January 2020

Clinical trials for a vaccine against the new virus sweeping China could be carried out in the summer, the head of an anti-epidemic coalition said on Thursday, as different companies announced research into the disease.

We can announce that we have three partnerships to develop vaccines against the novel coronavirus, Richard Hatchett, chief executive of the Coalition for Epidemic Preparedness Innovations (CEPI), said in Davos.


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