Page 3 - Auto Sales

Auto stocks drive ₹3 trillion market capitalisation surge on GST cut

Tax cuts drive auto stocks higher as Maruti, Eicher, and TVS surge; analysts expect festival season demand to lift sales and profits across India's automobile sector

Mahindra's August sales see slight decline; exports increase marginally

The GST on small cars was reduced to 18% from 28%, owing to which the prices of vehicles have dropped significantly, thereby dragging the sales

Mahindra's SUV sales to dealers dip for first time in over 3 years

(Reuters) -India's Mahindra & Mahindra reported its first sales decline over three years in August as the Scorpio SUV maker said it moderated dispatches to dealers as it awaits a government decision on lower consumption tax.

Tata Motors sales up 2% to 73,178 units in Aug; domestic dispatches fall 2%

Tata Motors on Monday said its total wholesales rose 2 per cent year-on-year to 73,178 units last month as compared with 71,693 units in August 2024. The company's total domestic dispatches, however, declined 2 per cent year on year to 68,482 units last month as against 70,006 units in August last year, the auto major said in a statement. Total passenger vehicle dispatches of the company in the domestic market declined 7 per cent to 41,001 units last month from 44,142 units in August 2024. Total domestic commercial vehicle sales stood at 27,481 units last month, an increase of 6 per cent as compared to 25,864 units in August last year. Shares of the company were trading 3.09 per cent up at Rs 689.45 apiece on BSE.

Dealerships face inventory glut in August as car buyers await GST cuts

>>ICE vehicle sales hit, EV market hopes held up >>Vahan data shows 3% drop in August auto sales

India's auto sales flat in Q1 FY26; UVs, exports shine amid weak demand

India's auto sector began FY26 on a mixed note as UV sales and exports grew, but overall demand stayed soft. Two-wheelers and cars saw declines, while three-wheelers hit record Q1 sales

Auto sales shrug off rare earth, US tariff clouds to log June gains

Passenger vehicle sales grew modestly by 2.5% in June as rains and liquidity concerns affected demand, while all other segments also recorded positive year-on-year growth

Maruti Suzuki India's total sales decline 6% to 167,993 units in June

Maruti Suzuki India on Tuesday reported a 6 per cent year-on-year decline in total sales to 1,67,993 units in June. The country's largest carmaker had sold a total of 1,79,228 units in June 2024. Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago period, a dip of 13 per cent, Maruti Suzuki India (MSI) said in a statement. "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now, even after 6.5 per cent GDP growth, the car market is nearly flat," MSI Senior Executive Officer Rahul Bharti said. This is because the once mass small car segment is not participating in the growth at all, he added. "This is clearly an affordability issue," Bharti said. Since 2019, the entry-level price point in the industry has jumped by over 70 per cent, largely driven by stricter ...

Mahindra & Mahindra's overall auto sales rise 14% in June at 78,969 units

Mahindra & Mahindra on Tuesday reported a 14 per cent year-on-year increase in its overall auto sales to 78,969 units in June. In the passenger vehicles segment, the company said its utility vehicles sales surged 18 per cent to 47,306 units in the domestic market last month against 40,022 units in the year-ago period, up 18 per cent. Domestic three-wheeler sales stood at 8,454 units, an increase of 37 per cent as compared with 6,180 units in June last year, M&M said in a statement. Total exports increased 1 per cent year-on-year to 2,634 units last month. "The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs," Nalinikanth Gollagunta, Mahindra & Mahindra (M&M) CEO - Automotive Division, said. In the farm equipment sector (FES), the company said its total tractor sales (domestic and exports) rose 13 per cent to 53,392 units in June from 47,319 units a year ago. In the domestic market, tractor sales grew 13 per cent to 51,769 units ..

Eicher Motors shares rise after company posts June sales figures; Details

Eicher Motors share price climbed 2 percent after the company released its June sales numbers

Auto sales up 5% on rural demand boost, passenger vehicles disappoint

Car sales down 3% in May amid tensions with Pak

Force Motors share gains 4% on robust May sales; check key numbers here

Force Motors share price rose on the back of healthy May 2025 auto sales numbers.

May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.

Cong cites auto sales, says most Indians locked out of consumption economy

Flagging reported drop in the share of passenger cars in the overall auto sales, the Congress on Wednesday claimed that it points to a state of the economy where most Indians are locked out of the consumption economy, there is growing inequality, stagnant incomes and weak investment. Congress general secretary in-charge communications Jairam Ramesh shared a media report which claimed that while the middle class is increasingly unable to transition from two-wheelers to entry-level cars, the sport utility vehicle (SUV) segment is recording a rising share of first-time buyers. There was no immediate response from the government or the BJP on the claims. "India Inc is raising the siren once again -? this time for auto sales. In 2018-19, passenger cars made up 65% of total sales of vehicles -? that share is now only 31%. SUVs and multi-purpose vehicles now account for 65% of sales," Ramesh said in a post on X. Noting that car sales have long been considered an indicator of the economy's

Passenger vehicles sales up 4% in April, two-wheeler despatches fall

Overall exports up 20% in April amid geopolitical tensions, says SIAM

Electric vehicle sales down 17.6% at 167,455 units in April: Fada

Bajaj Auto, Ather Energy, and Hero also recorded double-digit declines in their monthly sales. Only Kinetic Green Energy and Power Solutions reported a rise in their m-o-m e2W sales, up 55.1 per cent

Auto retail sales see 3% rise in April; Fada keeps outlook positive for May

Automobile retail sales rose 3 per cent in April led by strong rural demand and festive tailwinds, though commercial vehicle sales continued to show weakness

Electric vehicle sales rev up 17%, but fall short of 2 mn milestone

This growth comes despite a challenging first quarter following the expiration of FAME subsidies, among other challenges

Bajaj Auto e2Ws on full charge in FY25; Ola Electric's lead flickers

Ola Electric has attributed part of its struggle to an ongoing dispute with a vendor responsible for facilitating registrations, arguing that its actual sales figures are higher

Auto sales see 5% growth in FY25; industry seeks GST cut to drive demand

As of March 30, the total automobile sales for the financial year were seen at 25.9 million units, up from 24.6 million in FY24, and 22.3 million in FY23