Page 6 - Auto Demand

Uber, Ola, Rapido continue auto services despite Karnataka govt's ban

Bengaluru is estimated to have about 200,000 autorickshaws out of which around 100,000 offer services through ride-hailing platforms

Macro issues not impacting demand: Mercedes India CEO Martin Schwenk

With the launch of the EQB by year-end, Mercedes will have a portfolio of four EVs. It expects a fourth of its sales in India to come from electric in the next five years

Demand for luxury cars in India rises to a new high, buyers getting younger

The sale of supercars, costing above Rs 2,5 crore, is set to be 600-650 in 2022. This is expected to fetch Rs 1,200 crore to the auto companies

Auto Sales Report July 2022: Toyota breaks their sales record

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

Bajaj Auto Q1 results: How was company's performance in last four quarters

In Q4FY22, Bajaj Auto recorded a net profit of Rs 1,468.95 crore, up over 250 crores from the Q3FY22

Ola Electric slips to 4th place with 5,753 e-scooter registrations

Ola Electric's registration figures have fallen by 33 per cent on the last day of June compared to the last day of May

Maruti Suzuki Q3 results: Net profit skids 48% on global chip shortage

Expects no demand let-up; targets production ramp-up in Q4

Japan's car sales fall but at slower pace as supply constraints ease

Auto sales are among data closely watched by analysts for clues on how quickly Japan's output and consumption can recover from last year's pandemic-induced slump

Auto industry hopes for smooth ride in New Year after a bumpy 2021

The Indian automotive industry is driving into 2022 with a positive mindset in its quest to reach the pre-pandemic levels of sales volume, having built a solid foundation in 2021

Passenger vehicle sales dip 19% in Nov as chip shortage woes continue: SIAM

'In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles,' says SIAM director

MG Motor India to drive in electric vehicle at Rs 10-15 lakh by next fiscal

At present, the company sells electric SUV 'ZS EV' which is available in two variants

Prolonged waiting period due to chip crunch can harm demand: Maruti Suzuki

Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..

Automobile sales affected in past 2 years due to Covid-19: Govt informs LS

Automobile sales have been affected in the last two years due to the spread of the COVID-19 pandemic, said the Ministry of Heavy Industries in a written reply in Lok Sabha on Tuesday."Sales of automobiles have been affected in the last two years due to the spread of the Covid-19 virus in the country. Production and sales of automobiles have been impacted due to lockdown imposed to contain the spread of the infection," the ministry said.This came after Chellakumar (MP) asked the ministry whether manufacturing of automobiles has been reduced and the automobiles sales have also declined due to the spread of the COVID-19 virus in the country.In a written reply to the measures being taken by the Government to tackle this situation, the ministry said, "The Government, as a policymaker, always attempts to sustain and improve the momentum of the economy through a package of measures for comprehensive and continued development of the sector.""The Government has notified the Production Linked ..

Suzuki Motor expects automobile sales in India to decline 6%

Japan's Suzuki Motor Corporation on Thursday said it expects its automobile sales in India to decline 6 per cent year-on-year and has cut its overall global sales forecast for the ongoing fiscal

Eicher Motors Q2 consolidated net profit rises 9% at Rs 373 crore

Total revenue from operations during the quarter stood at Rs 2,249.56 crore as against Rs 2,133.6 crore in the year-ago period

Driving a hard bargain on car price may be difficult this Diwali

But even in a seller's market, some tricks like selling your car instead of exchanging it, and buying a less popular colour, can help you save money

Bajaj Auto reports 16% decline in total domestic sales in September

Bajaj Auto on Friday reported a 16 per cent decline in total domestic sales at 1,92,348 units in September this year, over the year-ago period

MG Motor India reports 28% rise in retail sales in Sept despite chip crisis

MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.

Kia Sonet crosses 100,000 cumulative sales mark in less than one year

Kia India on Tuesday said its compact SUV Sonet has crossed one lakh cumulative sales mark in less than one year of its launch in the market. During the same period, the vehicle has also become the fourth highest-selling SUV in the country, the automaker said in a statement. Introduced in September 2020, Sonet has emerged as a breakthrough product in its segment, contributing almost 17 per cent to the segment and 32 per cent to Kia's overall sales, it added. The Sonet was launched when the auto industry was facing its worst slump in history with the advent of COVID-19 pandemic. The market was battling rock-bottom customer sentiment amidst manufacturing and supply chain setbacks. We introduced the Sonet in September last year against all odds, and it would not be an understatement to say that it has rewritten Kia's success story in India and has made a stronghold in the segment with its industry-leading features and specifications," Kia India Executive Director and Chief Sales & ...