Page 25 - Auto Sales

Automobile sales to see double-digit decline in FY21: Crisil Research

Overall sales volume would plunge to multi-year lows, with sales of both passenger and commercial vehicles reaching fiscal 2010 levels, it said

TVS Motor reports decline of 47% in profit befiore tax for Q4FY20

The overall two-wheeler and three-wheeler sales including exports registered 633,000 units in the quarter as against 907,000 units registered in the quarter ended March 2019

Kia Motors to invest an additional $54 mn in Andhra Pradesh facility

The company had announced $2 billion investment, including a vendor base in the state at the time of signing an MoU with the AP government in April 2017

How auto firms plan to woo customers, motivate sales staff post lockdown

As India eases some restrictions and many automobile dealerships restart operations after over a month of keeping their shutters down, what will be the primary target for brands?

Automakers warn of up to 45% sales drop as economy slumps amid pandemic

SIAM, an industry trade body, says that if the economy contracts by 2% in the year starting April 1, sales of cars, trucks and motorbikes could decline.

Used car trade could rev up auto revival as consumer turns budget-conscious

Bookings, sales perk up for hatchbacks, cars between Rs 4 lakh and Rs 6 lakh

Top 10 biz headlines: Next stimulus package, weak auto sales and more

Business Standard brings you top 10 business headlines of the day

Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April

In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million

Hero MotoCorp to benefit from higher rural share; downtrading to help

Market leader's share in the economy segment improved by 600 basis points in FY20

TVS Motor joins the list of auto firms with zero domestic sales in April

Maruti, Skoda among others are aready in this list though many have exported; TVS shipped 8,134 two-wheelers abroad

Large stimulus critical for re-starting economic engine: MD, Ashok Leyland

Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi

Top headlines: PM on lockdown extension, ILO's poverty report, and more

Business Standard brings to you the top headlines of the day

Bajaj Auto sales drop 38% in Mar as biz takes hit; domestic sales tank 55%

The company further said its total two-wheeler sales were down 35 per cent at 2,10,976 units as compared to 3,23,538 units in the year-ago month

Lockdown crushes Motown: Sales of top auto makers decline 64% in March

Auto sales decline by 64% as manufacturers shut down to prevent spread of coronavirus

Ashok Leyland domestic sales skid 91% in March, Eicher total sales dip 83%

Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago

BS-VI transition, economic slowdown drag auto sales down 19.8% in Feb

Vehicle sales across categories stood at 16,46,332 units last month as against 20,34,597 units in February

Auto sale picks up in Feb but negative outlook for March over Coronavirus

Dealers are facing a new challenge with the Coronavirus cases being detected in India and an alarming drop in customer walk-ins in auto showrooms

HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low

At 9:38 am, Brent Crude Futures were at $32.27/bbl, down 13 cents or 28.72 per cent, US WTI, on the other hand, was at $28.45/bbl-mark, down 12.83 cents or 31 per cent.

Tata Motors domestic sales drop 34% in Feb as coronavirus disrupts supplies

Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said that commercial vehicle domestic sales in February was 35 per cent lower than last year

Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%

The company had sold 56,005 units in the same month last year, M&M said in a statement