Page 20 - Auto Sales

Ashok Leyland's auto sales jump 11% to 13,126 units in January

Hinduja group flagship firm Ashok Leyland on Monday reported an 11 per cent increase in total vehicles sales at 13,126 units in January. The company had sold 11,850 units in the corresponding month a year ago, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 12,359 units in January against 10,850 units in the year-ago period, registering an increase of 14 per cent. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market were down 2 per cent at 6,839 units last month as compared with 6,949 units in the year-ago month, it added. Light commercial vehicle sales in the domestic last month stood at 5,520 units as compared with 3,901 units in January 2020, up 42 per cent, the company said.

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

Automobile Q3 results preview: Strong volume recovery to drive earnings

The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results

BMW aims to double electric vehicle sales in 2021, take fight to Tesla

BMW also said that including plug-in hybrids, it aims for a 50% increase in sales of electrified vehicles versus 2020

Nifty Auto index at over 2-year high on hopes of strong Q3 earnings growth

Nifty Auto index has jumped 8 per cent on a year-to-date basis in 2021

Tata Motors climbs 4%, hits 52-week high on improved earnings outlook

The stock has rallied 47 per cent in the past three months and 89 per cent in the last six months

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Tata Motors gains 4%, nears 52-week high on strong December sales data

Tata Motors' total vehicle sales grew 21 per cent in domestic markets in December

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Tata Motors reports 21% rise in total vehicle sales to 53,430 units in Dec

Tata Motors on Friday reported a 21 per cent increase in total vehicle sales in the domestic market to 53,430 units in December. The company had sold 44,254 units in the domestic market in the same month last year, Tata Motors said in a regulatory filing. Domestic passenger vehicle (PV) sales stood at 23,545 units last month as against 12,785 units in December 2019, up 84 per cent, it added. "The PV industry continued to grow robustly in Q3 FY21, owing to pent up demand, strong festive season and shift towards personal mobility," Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said. The company's PV business has been witnessing the strong response to its 'New Forever' range, which is being supported by a continuous ramp-up of supplies, he added. Stating that retail sales were 18 per cent higher than wholesale for the month and pipeline inventory remains thin, Chandra said, "We are continuing to debottleneck the supply chain and ramp up our output to meet

Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain

In the broader market, the S&P BSE MidCap and SmallCap zoomed 1 per cent and 0.9 per cent, respectively

Retail auto weakens in Dec due to lower discounts farmers protest: Report

Farmers protest, lower discounts, especially for passenger vehicles compared to last year coupled with exhaustion of pent up demand, among others, resulted in weak auto retail sales in December

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland

The company is expected to gain market share led by higher tonnage trucks

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

Diwali props up two-wheeler sales in November, top-six firms post 16% spike

Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

TVS Motor Company's domestic two-wheeler sales grow 30% in November

Motorcycle sales grew 26 per cent to 133,531 units.

Maruti Suzuki's November sales increase 1.7 per cent to 153,223 units

Automobile major Maruti Suzuki reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis

Passenger cars brightest spot in auto industry on high festive demand

Maruti and Tata Motors witnessed a strong demand.