Page 9 - Auto Sales

M&M may surpass Tata Motors, Maruti Suzuki in PV segment in June: Nuvama

Raghunandhan NL, director at Nuvama, predicts a 13 per cent overall volume growth for M&M's automotive sector (including PVs, commercial vehicles, and three-wheelers), reaching 70,500 units

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

Tata Motors Q4 Preview: Robust sales, low commodity prices to aid earnings

Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments

Election uncertainty could hurt Indian auto sales in May, says Fada

Analysts say concerns around how a new government's financial policies could affect peoples' income, and could discourage consumers from buying vehicles

Domestic PV sales rise by just 1.76% due to high base effect, elections

This year, the growth is anticipated to be modest, likely in the single digits

Bajaj Auto leads major 2W makers with highest domestic sales growth in FY24

TVS Motor's domestic sales jumped by 21.52 per cent Y-o-Y to 3.15 million units in FY24

Despite subsidy cuts, EV sales zoom 41% in FY24; penetration at 6.8%

The e2W category contributed around 60 per cent in the overall EV sales

M&M hits new high on strong Feb auto sales; soars 20% in 1 month

The company reported a healthy 24 per cent YoY growth in total auto sales at 72,923 vehicles for the month of February 2024.

In the fast lane: Retail car sales hit a record in Jan on wedding demand

Concerns persist regarding PV inventory levels, which are now within the 50-55 day range

Explained: How China built electric vehicle company BYD, its Tesla killer

The leading Chinese EV company has posted two years of million-car growth in sales

India registered massive growth in PV sales in last 10 years: PM Modi

He was addressing the Bharat Mobility Global Expo at the Bharat Mandapam, in New Delhi on Friday. According to him, 10 years ago, around 2,000 electric vehicles were being sold

Automakers post highest ever monthly passenger vehicle wholesales in Jan

The preceding peak occurred in October 2023, with domestic sales by automakers reaching 391,811 units in India during the festive period

Skoda Auto Volkswagen India appoints Jan Bures as head sales, marketing

Skoda Auto Volkswagen India Pvt Ltd on Tuesday said it has appointed Jan Bures as the new board member and Executive Director of Sales, Marketing and Digital. Effective February 1, Bures will succeed Christian Cahn von Seelen, whose tenure in in India will conclude, the company said in a statement. In his new role, Bures will oversee the operations of the group brands Skoda, Volkswagen, Audi, Porsche, and Lamborghini in the Indian market, it said. It involves leading the sales, marketing, and aftersales business for Skoda Auto Volkswagen India's brands, as per the statement. He has a career spanning over 30 years within the Volkswagen Group and has several key positions in America, Germany, the Middle East, and China.

Global electric vehicle market growth to slow this year on lower subsidies

The figure follows an estimated growth of 29% in 2023 at 13.7 million units, when government incentives helped the adoption of EVs, Canalys said in its report

Auto retail sales in India grew 21% in December, 11% in 2023: Fada

In the near term and short term, the outlook of auto sales remains positive, despite an anticipated slowdown in the Kharmas period from December 16 to January 15

Audi India records 89% sales growth in 2023, the highest since 2015

As Audi India continues to expand its retail footprint, ending 2023 with a total of 64 touchpoints nationwide, the company is confident that this momentum will carry into 2024

Tata Motors domestic sales rise 4% in Dec; EV sales rise 21% in Q3FY24

Tata Motors' passenger vehicles remained in strong demand including preference for emission-friendly products in the domestic market, the company said

Bajaj Auto logs 16% Y-o-Y boost in Dec sales on high domestic demand

Pune-based Bajaj Auto said that it recorded a 26 per cent jump in two-wheeler (2Ws) domestic sales (Y-o-Y) in December at 158,370 units

Automobile major VECV sales grow over 11% to 8,026 units in Dec 2023

Eicher Motors Ltd on Monday said its arm VE Commercial Vehicles Ltd posted an 11.1 per cent growth in total sales at 8,026 units in December 2023. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,221 units in December 2022, Eicher Motors said in a regulatory filing. December 2023 sales included 7,789 units of the Eicher brand and 237 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 7,468 units last month as compared to 6,671 units in December 2022. Exports of Eicher branded trucks and buses were down 3.3 per cent at 321 units as against 332 units in December 2022, it added.

Hyundai Motor India total sales grew 9%, reached 765,786 units in 2023

Hyundai Motor India Ltd on Monday reported a 9 per cent year-on-year increase in total sales at 7,65,786 units in 2023, on the back of record annual domestic sales. The company had sold a total of 7,00,811 units in 2022, Hyundai Motor India Ltd (HMIL) said in a statement. The company achieved its highest-ever domestic sales in a calendar year, crossing the six lakh sales milestone in 2023 as it sold 6,02,111 units, up 9 per cent over previous year's 5,52,511 units, it added. Exports grew by 10 per cent to 1,63,675 units in 2023 as compared to 1,48,300 units in 2022, it added. HMIL COO Tarun Garg said the company has not just kept pace but surpassed the estimated industry growth of around 8.2 per cent. "Also in 2023, we proactively expanded our annual production capacity by 50,000 units to meet the increasing demand from our customers," he added.