Page 22 - Auto Sales

Auto companies show signs of recovery, increase dispatches by 13%

Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy

Tata Motors Q2 total sales surge 5% led by festive season, pent-up demand

Total domestic sales were up 13 per cent to 106,888 units from 94,454 units in July-September period last year

Skoda Auto India registers 7% rise in retail sales at 1,328 units in Sept

Skoda Auto India on Thursday reported a 7 per cent increase in retail sales at 1,328 units in September

Maruti remains bullish on long-term growth of auto sector despite hurdles

Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes

Beijing Auto show: Demand rebound, EV boom mix with murky outlook

China's auto sales rose 11.6% in August from a year earlier, the fifth straight rise after plunging on coronavirus lockdowns

Out of the driving seat

We may have to wait till 2022-23, or even 2023-24 before sales climb back to the levels attained in 2018-19 and, as mentioned above, even those numbers were not inspiring

At up to 50%, cars in India suffer among the highest tax rates globally

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%

Moped sales see highest growth in segment in August since lockdown

Moped sales have turned around since June on the back of good monsoon and positive sentiment in the rural market

Auto sales rebound in August after nine months due to pent-up demand

Two-wheeler sales increased by 3 per cent to 1,559,665 units, while passenger cars grew 14 per cent YoY to 124,715 units

Suzuki Motor ups stake in Maruti to 56.37%, buys 284,322 equity shares

Prior to the transaction, Suzuki held a 56.28 per cent stake in Maruti Suzuki

China auto sales increase 6% in August, down 15.4% from year-ago period

China's car sales rose 6% in August over a year earlier as the industry's biggest market recovered from Covid-19, but purchases for the year to date were off more than 15%, an industry group reported

Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%

Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a cautious approach towards funding

Auto component firms eye higher exports, low imports to become self-reliant

Top official at various auto component firms said exports, which anyways have been intrinsic to the overall strategy, will increase at a rapid pace over the next two to five years

Rising sales numbers not a reflection of ground reality, say auto dealers

Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious

Tata Motors starts Q2 on strong note, riding on passenger vehicles sales

During the month, the Tata group flagship sold 18,580 units as compared to 7,316 units a year ago

Hit hard by lockdown, three-wheeler makers stare at long road to recovery

Demand for the last-mile vehicle has collapsed amid restricted movement

Hyundai Motor names Ganesh Mani, Tarun Garg as whole-time directors

Appointments are for a period of three years, effective August 24, 2020

From PMI to auto sales, August numbers send mixed signals on recovery

E-way bills, after showing an uptrend since April, stagnated in August

Auto sales bounce back in August on low base effect, pent-up demand

Dispatches at India's top two car makers, Maruti Suzuki India and Hyundai Motor India, zipped past not only the pre-Covid phase but also the months preceding the pandemic

Kia Motors India reports 74% increase in August sales at 10,845 units

Kia Motors India on Tuesday reported a 74 per cent increase in sales at 10,845 units in August as compared with 6,236 units in the same month last year. Owing to recovery of demand in the domestic market since resuming operations after the lockdown, the company has been able to consolidate its position as one of the top five car manufacturers in the country, Kia Motors India said in a statement. Setting one more milestone in its India journey, the company also marked sale of 1 lakh units of Seltos in less than a year's time, it added. Sales of Seltos stood at 10,655 units last month, the company said. Kia Motors began its journey in India in August 2019 with Seltos. Within one year of commencement of sales in the country, the automaker has acquired almost 6 per cent market share in the passenger vehicle segment with only two products Seltos and Carnival, it said. The company is set to launch its third product, compact SUV Sonet, later this month. "Indian consumers have been very