Page 23 - Auto Sales

Ashok Leyland's M&HCV sales decline by 52% YoY in August, LCV by 3%

Bus segments drags volumes with 93% drop

August sales: Mahindra's auto dispatches decline 13%, tractors up 69%

Volumes were dragged by medium & heavy commercial vehicles and three-wheelers. which fell 71 per cent and 94 per cent respectively

Mahindra's auto dispatches decline 13% in August, tractors up 69%

Mahindra's passenger vehicle segment that includes the utility vehicles and passenger cars was a saving grace and helped offset some decline in the overall auto sales

Despite Covid-19, Hyundai expects to cross yearly domestic growth threshold

Last month, the auto major's domestic sales volume reached 98 per cent of July 2019 level

Two-wheeler makers hold out for GST rate cut, stocks of most firms rally

Companies are optimistic that if the proposal does get accepted by the GST Council, it will certainly push demand ahead of the festive season and add heft to the recovery underway

Automakers expect demand to pick up in festive season despite Covid-19

If Covid-19 situation improves, it would lead to improved sales and if somehow the scenario deteriorates then the sales would also be impacted, Srivastava noted

China July auto sales surge 16% in fourth month of gains, shows data

Sales rose to 2.11 million vehicles, according to the data from the China Association of Automobile Manufacturers

Expect sales volume to pick up in festive season during Oct-Mar: Honda

It also expects production across its two plants in India to touch pre-Covid-19 levels by the end of next month

Covid-19 impact: M&M Q1 profit skids 97% as auto sales hit speed bump

Farm equipment's robust performance cushions the impact

Top headlines: Apple plans more production in India, PSB stake sale & more

From Apple planning to move 10% production to India, RBI advising the government to cut stake in PSBs to Videocon staring at liquidation, here are the top news of the day

Looking at 2020 with cautious optimism: Renault India MD Mamillapalle

"The journey back to the pre-Covid-19 growth rate will comprise strategic cooperation and resilience across the value chain," he said

Auto sales recovery may not reflect correct picture, say experts

Carmakers in India report their dispatch to dealers as their monthly sales figures while globally most report retail sales based on registration data

Business beyond Covid-19: Auto firms change biz plans to stay relevant

According to consulting firm Kearney's estimates, there has been an impact of $1.5-2 billion per month across the automotive value chain

Rise in number of first-time buyers, additional purchase over Covid: Maruti

The company also believes that while vehicle sales have improved in July, the outlook for festive season will depend on how the health crisis pans out

RBI meet, PMI data, companies' earnings to guide market this week: Experts

At the start of the week, the market will also take cues from July auto sales numbers which signal a recovery in the sector hit hard by Covid-19

Wholesale auto sales make comeback in July, 88% jump for Maruti over June

Executives say this indicate supply side constraint like availability of labour and raw material supply has been addressed

Maruti Suzuki reports net loss of Rs 249 crore in Q1 as Covid-19 takes toll

The company posted a pre-tax loss of Rs 370 crore, as compared with a profit of Rs 1,853 crore in the year-ago quarter

Maruti Suzuki plans digitised financing options amid growing online demand

The country's largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 per cent during the lockdown months

Bajaj Auto plans to cut entry-level motorcycle models by a third

Move aimed at sharpening product amid high demand for cheaper bikes

CVs run into Covid-19, sales to shrink 30-35% this fiscal: Report

The industry is staring at further de-growth in fiscal year 2021 as Covid-19-led economic downturn adds to the negative sentiment