Page 21 - Auto Sales

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India on Monday said it has sold over two lakh cars through the online channel. The company, which initiated its online sales platform around two years back, said the digital channel now covers nearly 1,000 dealerships across the country. "Since the introduction of this new digital channel in 2018, we have witnessed three times increase in digital enquiries and recorded sales of over 2 lakh units since April 2019. This digital channel has helped to generate over 21 lakh customer enquiries," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Citing 'Google Auto Gear Shift India 2020 Report', he said nearly 95 per cent of new car sales in India are digitally influenced as per the customers first research online and then buy at the physical dealerships. While online experience provides the complete spectrum of information to the customers, at the last mile the customers seek assurance of the

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors

China's appetite for luxury cars is now a boon for eastern European nations

Slovakia and the Czech Republic, which make the most cars in the world per capita, have closed shops to tame second wave of Covid-19. Their factories, however, continue to churn out luxury vehicles

Diwali cheer for auto, durable makers as need for convenience drives sales

While retailers, manufacturers said that sales growth has been in double-digits for home and kitchen appliances during the Diwali period this year, car dealers say some models have stocked out

Fragile recovery: Retail auto sales contradict robust wholesale numbers

While automakers reported record growth in October sales, retail figures saw a fall

Maruti expands lead over rivals with 51% share, best ever sales in October

Shift towards petrol, entry-level vehicles and robust distribution in rural areas helps company to maintain pole position

Auto sales could hit speedbreaker with spike in rural Covid-19 cases

Rural India accounted for 18% of new infections in June, and as much as 40% in Sept; The spike appears to have an inverse relationship with rural sales, says a Crisil note

Plunge in Q2 auto sales washes out Q1 gains in rural markets, says Crisil

In the second quarter, the pandemic penetrated deeper into the hinterland, and the share of fresh rural cases more than doubled to 38 per cent by September

Tata launches special-edition SUV Harrier CAMO in India at Rs 16.50 lakh

Tata Motors launched a special edition of its flagship SUV Harrier, at a starting price of Rs 16.50 lakh (ex-Delhi showroom) amid the ongoing festive season

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Apollo Tyres: Investors should consider stock if volume growth sustains

Margin gains, however, depend on a hike in prices

JK Tyre, Exide: Analysts advise staying selective in auto ancillary space

The market has been quick to spot the opportunity. Over the past few sessions, tyre stocks have been on a roll with JK Tyre, Ceat, MRF logging smart gains at the bourses

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Hyundai reports 8.2% increase in total sales at 68,835 units for Oct

Hyundai Motor India on Sunday reported an 8.2 per cent increase in total sales at 68,835 units for October. The company had sold 63,610 units in October 2019. The auto major recorded its highest ever monthly domestic sales of 56,605 units last month, up 13.2 per cent from 50,010 units in October 2019, the company said in a statement. The company had achieved the previous highest monthly domestic sales number in October 2018 with 52,001 units. "The October month sales performance has set a positive tone for the overall business environment and we are confident that the company will continue to strongly contribute towards sustainable growth of the economy, community and all its stakeholders," Hyundai Motor India Director (Sales,Marketing & Service) Tarun Garg said. The company's exports, however, declined by 10.1 per cent to 12,230 units as compared with 13,600 units in October last year, it added.

Tata Motors consolidated net loss widens in Q2 on weak operational show

However, the quarter reflected strong sequential recovery with positive pre-tax profit and major positive free cash flows following restart of production and reopening of global retailer network

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Car makers pull all stops to beat the pandemic blues ahead of festivals

The benefits range from cash discounts, attractive EMIs to Covid-19 cover

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

Smaller, cheaper vehicles take centre stage amid economic slowdown

Revenue break-up of car makers also suggests that buyers are now changing their cars less frequently, compared to the past