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Auto majors post robust sales in April - Deccan Herald
Revived market sentiment and signs of recovery have continued to cheer automobile majors in the country with many posting robust sales figures for the month of April 2010.

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  While the country’s largest car manufacturer Maruti Suzuki India’s sales during the month soared by 29.70 per cent at 93,058 against 71,748 units during the same month last year, Hyundai Motors India Limited sales jumped by 17.24 per cent at 52,020 units as against 44,370 units in the year-ago period.

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In the domestic market, Maruti sold 80,034 units from 64,857 units, an increase of 23.40 per cent, while Hyundai reported a jump of 28.11 per cent at 28,501 units.

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Sensex lacklustre realty auto IT pharma surge - Moneycontrol.com
Nifty failed to breach 5300 on the upside and 5250 on the downside. Realty, auto, IT, pharma, oil&gas and capital goods saw good buying in today's trade. BSE Metal index was the only index trading in red. BSE Midcap index was up close to 1%.

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Nifty up 15.20 points or 0.29% at 5269.35. About 1696 shares advanced, 1269 shares declined, and 296 shares were unchanged.

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BPCL, Tata Motors, Cipla, GAIL and HCL Tech were up 3-5%. Ambuja Cements, Wipro, Tata Steel, SAIL and ABB were down 1.5-3%.

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Restrictions on issue of auto permits to go - Times of India

Restrictions on issue of auto permits to go
Times of India
Transport minister KN Nehru said in the assembly that the restriction on issuing auto permits was being lifted across the state. ...
Ban on new permits for autos goesThe Hindu

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Nifty hovers near 5250; realty, metals, auto up - Economic Times
MUMBAI:Indices were witnessing some buying activity after sell-off in previous session.However, the upmove was capped as traders squared off F&O positions onsettlement day of April series.

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“The Nifty is likely to findsupport around 5250 where some buying may emerge but a wait and watch approachis recommended. Medium term outlook on the Nifty remains bullish as far as itremains above the key support level in range of 5140-5180.

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We remain selectively bullish onbanking space from medium term outlook. Weakness is expected in ACC, HDIL andJPA while JSPL & LIC housing appear strong for further advance,” saidEdelweiss report.

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'Green tech focus to push auto exports' - Times of India

Rediff

'Green tech focus to push auto exports'
Times of India
The study, released by commerce secretary Rahul Khullar, said India's share to total auto exports is currently low, accounting for a mere 0.53% as per the ...
Wake-up call for auto componentsCalcutta Telegraph
Auto industry needs to come out of tariff illusions: KhullarFinancial Express
India's auto exports to touch $35-42 b by 2016Hindu Business Line
Rediff -mydigitalfc.com -Press Information Bureau (press release)
all 9 news articles »


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