Page 26 - Auto Sales
Commercial vehicle makers unlikely to see festive cheer in October sales
Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019
 "Commercial vehicle makers unlikely to see festive cheer in October sales")
Firms crack the Diwali code: Double-digit growth in consumer goods sales
Credit-driven sales were also high in consumer durables this Diwali, with around 70 per cent of sales in urban areas coming from finance schemes and cashbacks
 "Firms crack the Diwali code: Double-digit growth in consumer goods sales")
Auto firms' warehouse leasing down amid vehicle sales slump: JLL India
According to JLL data, total warehousing leasing stood at 24.1 million square feet during January-September
Hyundai, Kia, MG Motor deliver over 15,000 units on Dhanteras
Market leader Maruti Suzuki India said the sales during the day were good, but did not share exact numbers
 "Hyundai, Kia, MG Motor deliver over 15,000 units on Dhanteras")
Retail sales of passenger vehicles skid 20% to 157,972 units in September
Sales of vehicles also remained in the red due to the Shraddh period during the month
 "Retail sales of passenger vehicles skid 20% to 157,972 units in September")
China auto sales decline 5.2% in September, 15th month in a row
As recently as three years ago, automakers had enjoyed double-digit annual growth in China
 "China auto sales decline 5.2% in September, 15th month in a row")
Commercial vehicle sales declined 23% in the first half of FY20: SIAM
SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations
 "Commercial vehicle sales declined 23% in the first half of FY20: SIAM")
Ashok Leyland's domestic sales drop 57% in September to 7,851 units
Domestically, sales of medium and heavy commercial vehicles (M&HCV) slumped 69 per cent to 4,035 units from the 13,056 in the past year
 "Ashok Leyland's domestic sales drop 57% in September to 7,851 units")
Toyota Kirloskar sales down 17% in Sept at 10,911 units; exports up 25%
Exports in September were at 708 units as against 566 units in the year-ago month
 "Toyota Kirloskar sales down 17% in Sept at 10,911 units; exports up 25%")
Mahindra & Mahindra total sales down 21% to 43,343 units in September
Homegrown auto major Mahindra and Mahindra (M&M) on Tuesday reported a 21 per cent decline in total sales at 43,343 units in September. The company had sold 55,022 units in the corresponding month last year, M&M said in a regulatory filing. In the domestic market, sales were down 21 per cent at 40,692 units last month as compared to 51,268 units in September 2018. Exports also registered a decline of 29 per cent at 2,651 units as against 3,754 units in the year-ago month. In the passenger vehicle segment, which includes utility vehicles, cars and vans, the company sold 14,333 units last month as compared to 21,411 units in the same month last year, down 33 per cent. In the commercial vehicle segment, the company sold 18,872 units as against 22,917 units in the same month a year ago, down 18 per cent. Reflecting on the sales performance, M&M Chief of Sales and Marketing, Automotive Division, Veejay Ram Nakra said,"we are positive that this festive season, with the onset of
 "Mahindra & Mahindra total sales down 21% to 43,343 units in September")
Festival bonanza: Two-wheeler firms go full throttle to chase customers
This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts
 "Festival bonanza: Two-wheeler firms go full throttle to chase customers")
Maruti Suzuki blames increase in ownership cost for declining car sales
Company indulging in heavy discounts to get customers back
 "Maruti Suzuki blames increase in ownership cost for declining car sales")
Auto sales growth outlook revised to 5-7% for FY20, says report
The auto sales in the same period last year registered a double-digit growth at 14.5 per cent
 "Auto sales growth outlook revised to 5-7% for FY20, says report")
Why the FM has a point about app-based taxis impacting car demand
With economic slowdown, financial sector woes, the wait for stricter emission norms also at play, why don't car makers who can afford to slash prices do so to keep sales ticking, asks T N Ninan
Auto slowdown: Ashok Leyland declares non-working days across units in Sept
Ashok Leyland has agreed to give 5.42% of the profit of 2018-19 as bonus to employees
 "Auto slowdown: Ashok Leyland declares non-working days across units in Sept")
Slowdown blues: Auto sales down 23.5%, worst slump in two decades
Maruti Suzuki India posted 36.14% decline in its August sales at 93,173 units
 "Slowdown blues: Auto sales down 23.5%, worst slump in two decades")
China's auto sales dip for 14th time in 15 months amid economic slowdown
Automakers reeling from the industry's longest downturn in three decades continue to face headwinds
Auto industry may have to wait longer for GST cut on cars from 28% to 18%
Will be a political call now; state finance ministers to decide on September 20
 "Auto industry may have to wait longer for GST cut on cars from 28% to 18%")
Long haul for investors
Every indicator suggests the growth recession could continue for several quarters
 "Long haul for investors")
Motown crisis: Spectre of job losses hangs over Gurugram, Manesar auto belt
More than a dozen factories have shut shop in past one year and job losses are estimated to be between 30,000 and 50,000