Auto sales up 14 percent in first half this fiscal

October 7th, 2009 NEW DELHI - Despite the economic slowdown, Indian Railways saw its earnings rise 6.65 percent to Rs. 40,910 crore during the first half year of this fiscal ended Sep 30 from Rs.38,358 crore in the like period of last fiscal.

August 7th, 2009 Bridgestone tumbles into red in first half of yearTOKYO — Bridgestone Corp. said Friday it tumbled into the red in the first six months to June, hit by a prolonged slump in auto demand at home and abroad.

July 30th, 2009 NEW DELHI - Despite the economic slowdown, printer sales in India grew one percent to 1.61 million units last fiscal as compared to the year before, an IT hardware manufacturers' lobby said Thursday. "The total printer sales between April 2008 and March 2009, with dot-matrix, ink-jet and laser-jet printers taken together, were 1.61 million, registering a growth of one percent over the previous year," the Manufacturers Association for Information Technology (MAIT) said in a statement.

July 27th, 2009 MUMBAI - Auto major Tata Motors Monday reported 57.5 percent surge in its net profit at Rs.513.7 crore (Rs.107 million) for the quarter ended June 30, as compared to Rs.326.11 crore in the like period last fiscal. Total income, however, decreased 7 percent to Rs.6,723.9 crore from Rs.7,244 crore, the company said in a regulatory statement.

July 20th, 2009 Johnson Controls income falls 63 percent in 3QMILWAUKEE — Johnson Controls says its fiscal third-quarter earnings fell 63 percent, even though the auto parts and building products maker cut costs to control expenses amid weakened economic conditions. The Milwaukee-based company posted income of $163 million, or 26 cents per share, compared with $439 million, or 73 cents per share, in the same quarter a year ago.

July 9th, 2009 China's June auto sales surge 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.

July 9th, 2009 China's June auto sales up 36.5 percentBEIJING — China's auto sales soared 36.5 percent in June from a year earlier to 1.14 million vehicles, boosted by government incentives, an industry group said Thursday. Passenger car sales hit a monthly high of 872,900 units, the China Association of Automobile Manufactures said.

June 4th, 2009 MUMBAI - Bajaj Auto, the country's second largest two-wheeler manufacturer, has reported 8.1 percent fall in its motorcycle sales last month. The company said in a statement Thursday that it sold 165,049 motorcycles last month as against 179,649 vehicles in May 2008.

May 21st, 2009 MUMBAI - The country's second largest two-wheeler maker, Bajaj Auto, Thursday reported a 13.2-percent decline in net profit for 2008-09 while managing a 7.8 percent increase in fourth quarter profitability. The company, with a product line-up that includes commercial three-wheeler vehicles, reported a profit of Rs.654.5 crore in 2008-09, down from Rs.755.7 crore earned the previous fiscal.

May 13th, 2009 ThyssenKrupp 2Q net loss €362 millionFRANKFURT — German steelmaker and industrial company ThyssenKrupp AG booked a net loss in the second quarter, due to a dramatic drop in demand amid the recession, and predicted an operating loss for the full year while saying it would slow work on a new Alabama plant. The Duesseldorf-based company, Germany's largest steel producer, said late Tuesday it lost €362 million ($496 million) in the January-March period, compared with a net profit of €502 million in the second quarter of 2008.

May 12th, 2009 Mazda sinks into the red amid auto slumpTOKYO — Mazda Motor Corp. sank to a loss for the fiscal year ended March, sharing the fate of other Japanese automakers battered by the global slump and strong yen.

April 8th, 2009 NEW DELHI - India's auto industry, which was hit hard by the global financial crisis that started in mid-2008, ended last fiscal with a marginal 0.7 percent growth in sales, thanks to the government's stimulus measures. The auto makers sold 97,23,391 vehicles in 2008-09, up from 96,54,435 units the year before, data released Wednesday by the Society of Indian Automobile Manufactures (SIAM) said.

April 2nd, 2009 MUMBAI - Bajaj Auto posted sales of 132,640 two-wheelers units last month, down 14.7 percent as compared to the 155,504 units sold in March 2008, the company said Thursday. Bajaj sold 132,210 motorcycles last month, reflecting a decline of 14.4 percent from the 154,443-unit sale the corresponding month last year.

April 1st, 2009 CHENNAI - Even as the Indian two-wheeler industry faces a dip in its sales, companies like Hero Honda, TVS motors and Honda Motorcycles have managed to post growth for the fiscal year 2009 (FY-09). The two-wheeler sales in the FY-09 have dipped by 333,321 units from 7.755 million units in the previous fiscal.

March 3rd, 2009 NEW DELHI - Auto major Tata Motors Monday said its last month sales went down 19.1 percent to 43,807 vehicles as against 54,181 units in February 2008. The company said in a statement that its commercial vehicles sales went down 25 percent, while the passenger vehicles sales reported a marginal year-on-year growth of 1.5 percent.