Page 26 - Auto Sales

Car sales to rise in 2020 on stiumulus measures, discounts, says Moody's

But weak consumer demand and tight liquidity will likely limit any improvement in car sales this year, it added

Slow economy, weak sentiment to continue weighing on auto sales: Fitch

Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018

China's auto sales plunge 20% in January deepening market slump

January's slump looks even worse due to the timing of the holiday, when shops and factories close two weeks. This year's shutdown fell entirely in January, while half was in February last year.

Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery

It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend

Following a slow year, Lamborghini eyes double-digit sales in India in 2020

Agarwal said while the company is managing internal factors, external factors such as the general economic scenario in India is having an impact on sales growth

Auto slowdown due to loan related issues, BS-VI transition: Tata Motors

"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said

After two months of positive sales, auto sales fall by 15% in December

FADA data shows that total vehicle registrations dropped to 16,06,002 units in December 2019 from 18,80,995 units a year ago.

SIAM bullish on auto sector revival in 2020 after worst sales in 20 years

Another Chinese player which will be also present for the first time is MG Motors which will bring in their entire range of automobiles in the Expo.

Global carmakers set to firm up India strategy amid auto sales slump

The success of late entrants such as MG and Kia has encouraged them to give it a go

HMSI doesn't expect revival in auto industry for next two quarters

Honda Motorcycle & Scooter India on Wednesday said it does not see any revival in the automobile sector in the near term. The automobile sector recorded its worst-ever sales decline in two decades in 2019. Speaking after the launch of company's third BS-VI compliant product, the 110-cc Activa 6G scooter, Hero Motorcycle & Scooter India (HMSI) Senior Vice President for Sales and Marketing Y S Guleria said he was not very hopeful of the government giving any concession to the industry on GST rates. "If it happens, definitely it will help from customer point of view," he added. "In near future we do not see any positive revival coming in the market, and after sometime in the long term...But for next two quarters, we are not that upbeat because there is a transition which is going to happen from April 1," Guleria said referring to the BS-VI emission norms becoming mandatory. There will be some time lag and that will also shift the demand, he said, adding Honda is also trying to ...

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