Page 12 - Automobile Sales

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PV sales in India at ten-year low, industry working to regain volumes: SIAM

The industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday

Commercial vehicle sales may take longer to recover than expected: Ind-Ra

Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra)

Kia Motors aims to take rural road to cement position in Indian market

The company, which has achieved success in India with models like Seltos and Sonet, is also focussing on enhancing the profitability of its dealer partners

IIP grows 3.6% in Oct, touches 8-month high on consumer goods, electricity

The Index of Industrial Production (IIP) grew by 3.6 per cent in October on a year-on-year (YoY) basis compared to a 0.4 per cent expansion in the previous month

Passenger vehicle retail sales rise 4% in Nov aided by festive demand: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India on Monday said it has sold over two lakh cars through the online channel. The company, which initiated its online sales platform around two years back, said the digital channel now covers nearly 1,000 dealerships across the country. "Since the introduction of this new digital channel in 2018, we have witnessed three times increase in digital enquiries and recorded sales of over 2 lakh units since April 2019. This digital channel has helped to generate over 21 lakh customer enquiries," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Citing 'Google Auto Gear Shift India 2020 Report', he said nearly 95 per cent of new car sales in India are digitally influenced as per the customers first research online and then buy at the physical dealerships. While online experience provides the complete spectrum of information to the customers, at the last mile the customers seek assurance of the

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

VECV registers a 11.9% increase in sales to 4,200 units in October

VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Bajaj Auto reports 11% jump in total sales at 512,038 units in Oct

Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales

Navratri sales: Cars zoom past sales goalposts, two-wheelers trudge along

Car market leader Maruti Suzuki India delivered around 85,000 to 90,000 cars as against 60,000 to 65,000 it delivered last year, said an industry source

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Maruti Suzuki's compact SUV Brezza logs 550,000 sales in 4.5 yrs of launch

The country's largest carmaker Maruti Suzuki India on Tuesday said its compact SUV Vitara Brezza has crossed 550,000 units cumulative sales milestone within 4.5 years of launch

Sales recovery 'tactical' due to pent-up demand, not sustainable: MG Motor

Recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the economy

Maruti Suzuki's total sales grow 31% in September to 160,442 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8% increase in total sales at 160,442 units in September

Morris Garages Motor reports 3% decline in retail sales in September

MG Motor India on Thursday said it has recorded 2.72 per cent decline in its September retail sales at 2,537 units

Automobile sales may fall 20-25% this fiscal, says India Ratings

Rating agency Ind-Ra expects automobile sales to decline by 20-25% this fiscal against its earlier forecast of 22-25% on account of increasing preference for personal mobility

Global automobile sales forecast to fall by 20% this year, says S&P

Global light vehicles sales are expected to fall by 20 per cent this year compared with 2019 following sales and production disruption due to the COVID-19 pandemic, S & P Global Ratings in a report published on Friday."This new forecast follows a first-half 2020 sales slump of 25 per cent, an unprecedented shock for the global industry," said S & P Global Ratings analyst Vittoria Ferraris."We project global vehicle sales to expand 7 to 9 per cent both in 2021 and 2022, meaning that light vehicle sales two years from now will still be 6 per cent below 2019 volumes."Any upside to our sales scenario will stem mainly from the Chinese market, the most dynamic but least predictable among the main global auto markets, said Ferraris adding that China may be the only market to catch up with 2019 volumes by the end of 2022.S & P said its global auto sales forecast is more conservative than general market standards.But it deems it consistent with the pandemic-related dramatic squeeze

Passenger vehicle sales increase 14% in August to 215,916 units: SIAM

Passenger vehicle sales in India increased by 14.16 per cent in August to 2,15,916 units as against 1,89,129 units in the same month last year, auto industry body SIAM said