Page 7 - Auto Sales

M&M Q2 Preview: Operating profit may climb up to 31% YoY; revenue eyed

Brokerages anticipate robust revenue growth driven by improved volumes and realisations, with mixed expectations on margin performance across segments

Two-wheeler sales soar in October; TVS, Hero MotoCorp lead the charge

India's motorcycle manufacturers also saw encouraging growth in export markets this October

Record SUV sales in October pushes M&M shares 5% higher on Nov 4; details

The rise in M&M share price came after the company saw record monthly SUV sales in October, which rose 25 per cent year-on-year (Y-o-Y) to 54,504 units, from 43,708 units in October 2023

PV wholesale up by 2% in Oct; retail sales posts 20% rise on festive push

Industry leaders Maruti Suzuki India and Tata Motors saw a decline in domestic wholesale sales of 5 per cent and 0.4 per cent, respectively

Auto sales see mid-to-high single-digit growth during Navratras; rural lag

Retail sales during the Navratras grew by mid-to-high single digits across regions even as rural sales have remained muted, a brokerage firm said in a report on the automobile sector on Thursday. The report by Motilal Oswal Financial Services also said that during the last week of October, inquiries and bookings are seeing a slight improvement for passenger vehicle OEMs (original equipment makers) especially for Maruti Suzuki and Tata Motors. "We observed varied demand trends in October, with two-wheelers and tractors showing positive momentum and passenger and commercial vehicles witnessing moderate demand. A better monsoon is helping drive positive sentiment in rural regions, though the sustainability of this demand remains to be seen," the brokerage firm said. Overall, two-wheelers performed better, with festive growth expected at 4-5 per cent year-on-year partially constrained by a high base, it said. At the same time, passenger vehicles may see a fall in the festive season ...

Bajaj Auto leads EV sales in Sep; Ola remains biggest player in e2W space

Ather Energy, with the launch of Rizta electric scooter, has increased its market share to 14.2 per cent

PV sales dip 1.8%, two-wheeler sales grow 9.3% in August: Siam data

According to Siam, total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in August 2024 stood at 2.49 million units

Some moderation in PV sales growth 'very natural': Hyundai India COO Garg

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL

With 45% growth, momentum expected to continue even in 2025: Toyota

TKM's sales boom comes at a time when other car companies are seeing a slowdown amid low demand and high inventory with dealers

Pritika Group eyes Rs 950 cr sales in 3 years with order book of Rs 650 cr

Engineering and automotive components maker Pritika Group is eying Rs 950 crore sales in next three years on the back of strong order book of Rs 650 crore. This growth plan is driven by rising demand in the engineering and automotive components industry, a company statement said on Monday. "We target to achieve sales of about Rs 900 crore to Rs 950 crore, with a PAT (profit after tax) margin of 7-10 per cent in the next three years," said Harpreet S Nibber, Managing Director, Pritika Engineering Components Ltd. Building on a strong performance in financial year 2023-24 and a robust start in the April-June quarter of FY25, the company aims to capitalize on the rising demand in the engineering and automotive components industry, he added. Pritika Group has demonstrated strong financial performance in the past fiscal year, FY2023-24, it said. Pritika Auto Industries Ltd reported a consolidated total income of Rs 343.71 crore in the last fiscal, a year-on-year growth of 15.74 per cent

Decline in rural auto sales prompts banks to offer festive season deals

India's auto sector, burdened with Rs 80,000 crore in inventory, sees declining tractor sales post-harvest, leading lenders to exercise caution

Weak auto sales, rising costs may hit ancillary cos in near-term: Analysts

High valuations, cautious sentiment challenge PV and commercial vehicle firms

With low sales, auto dealers worry about offering further discounts

The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has a direct impact on their profit margins

Auto Bet: Bajaj, M&M, Escorts Kubota may lead August sales, says Nuvama

Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.

M&HCV sales likely to surpass pre-Covid-19 peak of 419,000 units in FY25

Sanjeev Kumar, president - MHCV, Ashok Leyland, said that the first quarter sales growth is currently around 8 per cent, driven by demand for buses

Shifting gear: PV inventory surges even as auto retail sales rise

Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock

July auto sales preview: Analysts see 2W sales picking up; check top bets

Analysts at Anand Rathi expect passenger vehicle (PV) volumes to have grown, driven by better retail sales and inventory build-up

India's automobile retail sales post 9.4% growth in Q1, shows FADA data

The overall sales were seen at 6.19 million during the quarter under review, compared to 5.66 million during the first quarter of 2023-24

Rs 500-crore EMPS 2024: Only 3.6% vehicle sales target achieved so far

The decrease in participation in the scheme has led to low sales numbers for the EV industry, which had been experiencing sustained growth since the launch of FAME in 2015

Auto retail sales up marginally in June amid heatwaves: Dealer association

Inventory levels in passenger vehicles reach record high, ranging from 62 to 67 days