Page 11 - Automobile Sales

Prolonged waiting period due to chip crunch can harm demand: Maruti Suzuki

Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..

Automobile sales affected in past 2 years due to Covid-19: Govt informs LS

Automobile sales have been affected in the last two years due to the spread of the COVID-19 pandemic, said the Ministry of Heavy Industries in a written reply in Lok Sabha on Tuesday."Sales of automobiles have been affected in the last two years due to the spread of the Covid-19 virus in the country. Production and sales of automobiles have been impacted due to lockdown imposed to contain the spread of the infection," the ministry said.This came after Chellakumar (MP) asked the ministry whether manufacturing of automobiles has been reduced and the automobiles sales have also declined due to the spread of the COVID-19 virus in the country.In a written reply to the measures being taken by the Government to tackle this situation, the ministry said, "The Government, as a policymaker, always attempts to sustain and improve the momentum of the economy through a package of measures for comprehensive and continued development of the sector.""The Government has notified the Production Linked ..

Kerala-based Popular Vehicles and Services plans entry in west, north

The company said it will focus more on the services segment of the business rather than sales, going ahead

Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

Current festive season worst in decade: Automobile dealers' body FADA

The industry body said the chip shortage situation has impacted offtake in the passenger vehicle segment

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

MG Motor India reports 28% rise in retail sales in Sept despite chip crisis

MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.

Nissan reports over three-fold increase in domestic sales in September

Automaker Nissan India on Friday said its domestic wholesales rose over three fold to 2,816 units in September, up from 780 units in the same month of last year

Auto volumes likely to rise 12-16% this fiscal: India Ratings report

Auto volumes are expected to rise 12-16 per cent year-on-year this fiscal, as against the earlier estimate of 16-20 per cent, India Ratings Research (Ind-Ra) said in its latest auto outlook.

Top headlines: Car sales skid, Prosus joins top global investors, and more

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

India auto retail sales up 34% in July as Covid-19 restrictions ease

Passenger vehicle sales rose by 63 per cent to 2,61,744 units last month, as compared to 1,60,681 units in July 2020.

Automobile sales skid in May as coronavirus second wave bites hard

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 1,42,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year. Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April. Likewise, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined ..

TVS Motor sales down 30% in May to 166,889 units over April's 238,983 units

TVS Motor Company on Tuesday reported sales of 1,66,889 units in May, down 30 per cent from 2,38,983 units sold in April this year

Hyundai Motor total sales dip 48% to 30,703 units in May over April

Hyundai Motor reported total sales of 30,703 units in May, a decline of 48% from 59,203 units it had sold in April this year as coronavirus-induced restrictions across states hit dispatches to dealers

Mahindra & Mahindra sales tumble 52% to 17,447 units in May over April

Mahindra & Mahindra (M&M) on Tuesday said its total sales declined by 52 per cent to 17,447 units in May as compared with April this year on account of lockdown in various states. The Mumbai-based auto major had dispatched 36,437 units to dealers in March this year. Passenger vehicle sales in the domestic market stood at 8,004 units last month, down 56 per cent from 18,285 units in April 2021. Commercial vehicles sales declined by 53 per cent to 7,508 units in May as against 16,147 units in April this year. The company said its exports last month stood at 1,935 units in May as compared with 2,005 units in April. "We are seeing a strong growth momentum for our entire product portfolio. The Thar is clocking robust bookings, despite extended waiting periods. XUV300 has been a tremendous success and continues to see strong demand," M&M Chief Executive Officer Automotive Division Veejay Nakra said. With the cases coming down and gradual opening up of markets, the company ...

Maruti Suzuki total sales decline 71% in May over April to 46,555 units

Maruti Suzuki India reported a 71% decline in total sales to 46,555 units in May as compared to 1,59,691 units in April as a spike in Covid-19 cases and lockdowns across various states hit dispatches

Tata Motors sales drop 38% to 24,552 units in May from 39,530 units

Tata Motors on Tuesday said its total domestic sales declined by 38 per cent to 24,552 units in May as compared to 39,530 vehicles in April this year

TVS Motor total sales dip 26% in April at 2,38,983 units

TVS Motor Company on Monday said its total sales stood at 2,38,983 units in April, down by 26 per cent from 3,22,683 units in March

Bajaj Auto sells 1,34,471 units in domestic market in April

Bajaj Auto on Monday said it sold 1,34,471 units of two-wheelers and commercial vehicles in the domestic market in April

Maruti profit skids 10%, but company remains upbeat despite Covid 2nd wave

Chairman R C Bhargava says local lockdowns and curfews have so far not had any impact on production and retail demand continues to outpace supply