Page 6 - Auto Sales

Electric vehicle sales down 1.9% in February due to challenges: Fada

While all four categories of EVs registered double-digit M-o-M declines in sales, three-wheeler, commercial, and passenger vehicles saw single-digit Y-o-Y growth

Weak earnings, tougher financing norms drive auto retail sales down

PVs dip 10% in Feb; M&M breaks into number two spot for first time

Auto maker stocks climb on upbeat Feb sales; M&M, TVS, Eicher gain over 2%

Shares of vehicle manufacturers were climbing on Monday's session, after a number of automaker companies reported higher sales numbers for February 2025

Luxury car segment like a growing startup, may hit 5% of car sales: Audi

Luxury car segment in India, which currently accounts for 1 per cent of the overall car sales in the country, is like a growing startup and it could become decent in size only when it crosses the 5 per cent mark, Audi India head Balbir Dhillon said on Monday. He also said that the company is expecting to do better in sales performance this year after witnessing a dip in volumes in the previous year on account of supply chain issues. Audi India on Monday launched a refreshed version of its RS Q8 performance SUV in India, priced at Rs 2.49 crore. "The luxury car industry in India is like a startup which is still growing but it's growing for sure but it is still very small. I think the (luxury car) industry will become a decent size when we cross a threshold of about 5 per cent (of the overall car market). And I do see this will happen," Dhillon told PTI. Stating that it was not sure how much time would it take, whether 5 years or 10 years or 20 years, to reach the 5 per level, he sai

Automobile retail sales rise 7% in January, PV segment up 16%: Fada

Automobile retail sales in India rose 7 per cent year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer's body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. "Our observations indicate that each vehicle category --2W, 3W, PV, tractor and CV-- witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery," the Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. Passenger vehicle retail sales jumped 16 per cent year-on-year to 4,65,920 units last month. Many dealers noted improved demand but also pointed to last year's heavy discounting, which helped clear older models and shift registrations, Vigneshwar said. Inventory levels have improved, dropping by around five days to 50-55 days, suggesting improved supply-demand balance, he added. Two-wheeler retails stood at 15,25,862 units last month, an increase of 4 per cent, as

TVS Motor share price surges 8% in 2 days on strong Jan sales, outlook

In January 2025, the company recorded sales of 397,623 units, a 17% increase compared to January 2024. The two-wheeler segment saw a strong 18% growth, with domestic 2W sales up 10%

Tata Motors Q3 disappoints, analysts lower targets, ratings; stock tanks 9%

Tata Motors' consolidated profit for Q3FY25 fell 22.4 per cent year-on-year (Y-o-Y) to Rs 5,451 crore, from Rs 7,025 crore in Q3FY24

Are we entering an era of boring colours but exciting brand marques?

At one time, we used to photograph the cars in various colours to study how they reproduced; green and blue were a problem. Silver gray was difficult to shoot

Auto retail sales dip 12% in December despite a good show in CY 2024

Sales of two wheelers dipped by 18 per cent, passenger vehicles by 2 per cent and commercial vehicles (CV) by 5.2 per cent

Auto sales rose 9% in 2024 on strong demand for two-wheelers: Fada

Two-wheeler growth was driven by better supply, new models, and strong rural demand, though finance constraints and rising EV competition posed challenges

Tata Punch tops 2024 sales charts; ends Maruti Suzuki's 40-year reign

Three of the top five best-selling cars in 2024 were SUVs.

Hero MotoCorp share price drops over 3% as Dec auto sales fall 17.5% YoY

Hero MotoCorp share: Hero MotoCorp sold 324,906 units in December 2024 as against 393,952 units sold in December 2023

Auto sales shake off pandemic blues, hit record high of 26.1 mn units

Industry expects 2025 growth across segments in low to mid-single digits

Escorts Kubota shares slip 3% on weak domestic auto sales in December 2024

Escorts share price: Escorts Kubota said its December 2024 sales fell 10.8 per cent year-on-year (Y-o-Y) to 5,472 units compared with 6,136 units sold in December 2023

Stocks to Watch, January 1, 2025: Auto stocks, ITC, Sun Pharma, Piramal Ent

The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares

M&M, TVS & Uno Minda among top picks by Nuvama ahead of December auto sales

Nuvama analysts said December is expected to bring encouraging results for the industry. PVs are predicted to achieve double-digit growth, propelled by strong performances from M&M, Maruti & Toyota

Passenger vehicle discounts peak at Rs 3.7 lakh amid muted demand

Automakers have announced a price hike for January 2025, which typically should pre-pone the buying decisions of consumers

How Mercedes-Benz retains its crown in India's luxury car segment

For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes-Benz leading the way

Car sales drop by 14% in November, two-wheelers see 16% jump: Fada

Tractor sales, however, saw an impressive 29.88 per cent Y-o-Y jump, suggesting good rural demand

Skoda targets sales surge in 2024 with new compact SUV Kylaq launch

Czech automaker Skoda is eyeing considerable increase in sales next year riding on the back of its latest offering Kylaq, which marks its entry into the high-selling compact SUV segment. The company is eyeing gains in smaller cities and towns with the new model which is tagged between Rs 7.89 lakh and Rs 14.4 lakh (ex-showroom). "It's a beginning of a new era for Skoda, because with this car, we are becoming a true volume player in India," Skoda Auto India Brand Director Petr Janeba told PTI in an interaction. He noted that Kylaq will further its goal of entering new markets, bringing new customers into the Skoda family and strengthening brand presence in India. When asked about sales aspirations with a new model joining the portfolio, Janeba said the company expects to close 2024 with a total volume of around 40,000 units. "Next year we are looking at 2.5-3 times growth in the volumes aided by Kylaq," he stated. The company has commenced bookings of the model with deliveries exp