Page 25 - Auto Sales

China auto sales fall for a second year in 2019 amid trade war, slowdown

The downturn is squeezing global and Chinese automakers that are spending billions of dollars to meet government mandates to sell electric vehicles

Auto industry seeks bold fiscal measures in the Budget to revive growth

In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobi

Toyota expects auto sales momentum to pick up in third quarter of FY20

The company, which had recently launched the BS-VI version of its popular multi-purpose vehicle Innova Crysta, said it will be rolling out diesel variants of other models by the end of February

Renault sales up 7.9% to 88,869 units in 2019, market share at 5.1% in Dec

Renault ranked amongt the top 5 auto brands in November and December.

Auto sector records worst-ever sales decline in two decades in 2019: SIAM

Overall wholesale of vehicles during the year across categories, including passenger vehicles, two-wheelers and commercial vehicles, saw a decline of 13.77 per cent in 2019 at 2,30,73,438 units

Rolls-Royce records best-ever sales in its 116-year history in 2019

A total of 5,152 cars were delivered to customers in over 50 countries, an increase of 25 per cent on the previous high set in 2018

Hero MotoCorp sales dip over 15% in November as scooter biz disappoints

Total motorcycle sales were at 4,79,200 units as compared to 5,43,982 units in November last year

Bosch likely to cut around 2,000 jobs in India amid auto sales slump

Carmakers will shed 80,000 jobs across the world in the coming years

Auto sales continue to slide in Dec, likely to remain subdued for some time

With total sales of 133,296 passenger vehicles, the country's leading carmaker Maruti Suzuki India recorded 2.4 per cent year-on-year rise in car sales during December

Hyundai Motor sales down nearly 10% to 50,135 units in December

The company said its domestic sales were at 37,953 units in December 2019 as compared to 42,093 units in the same month previous year, down 9.8 per cent

Launched in June, 15,939 units of MG Hector sold till December 2019

MG Motor is set to launch its second car and the first electric vehicle - MG ZS EV - in India this month

Discounts, impending price hikes seen driving up auto sales this month

Some analysts view price hikes announced by car makers as a sales strategy to clear their BS-IV inventory

Driven by festive sentiment, PV retail sales up 1% in November: FADA

Commercial vehicle sales, however, declined 8 per cent to 77,394 units as compared to 84,040 units in November last year

Real growth story to start next festive season: M&M Finance MD Ramesh Iyer

RAMESH IYER, vice-chairman and managing director of the company, tells Shreepad S Aute that NBFCs may not be able to cover the fall in loan sanctions in the second half

Auto slowdown: Component makers, vehicle manufacturers differ on recovery

Passenger vehicle (PV) sales fell around 20 per cent year-on-year in the April to October period, first seven months of this financial year

Festive sales help passenger vehicles snap 11-month declining streak in Oct

UV launches, steep festival discounts bolster sales

Icra downgrades its outlook on automotive dealership sector to negative

The muted industry scenario has stressed credit profile of dealers, especially those of new entrants and, has forced some dealerships to shut down as well, he added.

Govt notifies scrapping policy, mandates discounts on junking old cars

OEMs, dealers to aid the collection of old vehicles, recyclable spares through the take-back scheme, or by setting up scrapping centres or through tie-ups with such facilities

Maruti Suzuki 'cautiously optimistic' over sales prospect in coming months

The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said. The company, which posted a growth in domestic passenger vehicle sales after seven months in October, said it would take at least few more months to get clarity if the industry is finally on a revival path. "We are cautiously optimistic. The reason why we are cautious is that we do not have a crystal ball. Many of the factors like high cost of acquisition, confusion related to BS-IV and BS-VI, issues related to finance norms and liquidity etc, continue to be there," MSI Executive Director (Marketing & Sales) Shashank Srivastava told PTI. He was replying to a query whether October sales were an indication of revival of the industry which has been grappling with demand slowdown for almost a year now. "We are optimistic a little bit because the ...

Parliamentary panel to study automobile industry slump, seek revival steps

Committee overseeing work of the Ministry of Heavy Industries and Enterprises to explore a new format.