Page 27 - Auto Sales

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.

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

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

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

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

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

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

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

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

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