Page 15 - Auto Sales

Tata Motors, Bajaj Auto: Near-term headwinds may keep auto shares volatile

Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover

Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22

The company sold 32,050 units during the first eight months of 2019-20.

Easing supply and pent-up demand to boost auto sales: A CRISIL analysis

Commercial vehicle (CV) volumes are expected to rise 20-22 per cent this fiscal, aided by economic recovery and the government's infra spending.

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 ..

Maruti Suzuki to hike vehicle prices from Jan, cites rise in input costs

The price increase would vary from model to model, the auto major said, without sharing the details.

Amid chip shortage, M&M records 6% drop in Nov auto sales to 40,102 units

While domestic passenger vehicles sales rose 7% YoY to 19,458 units, domestic commercial vehicles sales fell 23% to 17,543 units in November 2021

Supply chain constraints to dent Maruti Suzuki production levels in Dec

The country's largest carmaker Maruti Suzuki India on Tuesday said its production in December could only be up to 85 per cent of the normal, owing to supply constraint of electronic components

Maruti Suzuki keeps close watch on price movement of commodities

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...

A bumpy ride for automakers: Festive season hasn't seen strong pick-up

Festive season hasn't seen strong pick-up, margin pressures continue

Top headlines: Oct GST collection second highest ever; auto sales skid

Maruti Suzuki and Hyundai report a double-digit drop in sales in October as auto firms struggle to get computer chips for their vehicles. More in our top headlines.

Auto sales skid on supply chain woes; Tata Motors, M&M buck trend

Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October

Tata Motors Ltd Q2 consolidated net loss widens to Rs 4,415.54 crore

Tata Motors Ltd (TML) on Monday reported a widening of consolidated net loss

MG Motor reports 24% drop in retail sales in Oct amid production challenges

MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage

Buyers may go for cars with lower running costs as fuel prices spike: Study

With fuel prices going up by 35% over the past 15 months, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, a report said

Chip shortage: Auto retailers staring at huge losses this festive season

Automobile retailers are staring at huge losses this festive season as manufacturers struggle with vehicle dispatches to dealerships amid the ongoing semiconductor shortage crisis

Jeep India records over-two fold increase in September dispatches

Automaker Jeep India on Friday said its sales surged over two-fold in September as compared to the same month last year

Lamborghini looks at doubling sales number in next 4 years in India

Lamborghini, which crossed cumulative sales milestone of 300 units in India last month, is looking to double the number in the next four years on the back of robust demand a company official said

Maruti Suzuki sales slide 46% in September due to chip shortage

For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year

Skoda Auto India posts over two-fold rise in sales at 3,027 units in Sep

Skoda Auto India on Friday reported an over two-fold increase in sales at 3,027 units in September 2021, riding on its newly launched SUV Kushaq. The company had sold 1,312 units in the same month last year, Skoda Auto India said in a statement. While Kushaq has fueled the growth for the brand in India, other models such as Superb, Octavia and Rapid have also contributed to the increase in sales volumes, it added. The company had launched the midsize SUV Kushaq in June this year priced between Rs 10.5 lakh and Rs 17.6 lakh (ex-showroom Delhi). The model crossed the 10,000 bookings milestone in September 2021, it said. Commenting on the sales performance, Skoda Auto India Brand Director Zac Hollis said, "Skoda Auto India has managed to consolidate and move forward in September, despite the headwinds that the industry is facing in terms of some key components." He further said, "we are confident of building our momentum, as we approach the festive season, and look forward to delive

Auto shares trade mixed ahead of Sept sales data; here's what to expect

According to analysts at Emkay Global, commercial vehicles (CVs) should maintain positive momentum in September while passenger vehicles (PVs) volumes are likely to be hit by the chip shortages