Page 5 - Automobile Sales

Hero MotoCorp reports 26% jump in total sales to 574,930 units in October

Hero MotoCorp expects the demand to remain optimistic on the back of the recent product launches in the premium segment and the ongoing festive season

Auto retail sales up 9% in H1FY24; PVs, three-wheelers steal the show

Both three-wheelers and passenger vehicles witnessed their record H1 numbers during the period

Bajaj Auto September sales: Domestic 2W sales down 9% YoY; CV sales up 60%

Domestic commercial vehicle (CV) sales for Bajaj Auto grew by 60 per cent Y-o-Y as the automaker sold 50,683 units in September 2023, compared to 31,752 units sold in September 2022

20% cars sold in metros run on alternate fuels; sales doubled in last 3 yrs

Given the growing acceptance of hybrid and electric vehicles, the combined share of diesel and petrol vehicles has taken a hit and gone down by 8.27% and 4.64% in urban and rural markets, respectively

Entry-level bike buyers unlikely to return soon, says Bajaj Auto MD

Buyers at "the bottom of the pyramid" who were hit by the Covid pandemic, job losses and rising petrol price, are not coming back, Bajaj said

Auto sales up 9% in August, PV inventory at an all-time high: FADA

Adopting a cautious stance for the near-term outlook, FADA said that low rainfall may impact rural auto demand during the upcoming festive season

Honda launches new SUV Elevate priced at Rs 10.99L to reach H2 target

Honda had unveiled Elevate in June and opened bookings then. For some variants, the SUV already has a waiting period of as long as 5-6 months

Toyota launches Rumion MPV at Rs 10.29 lakh; booking starts at Rs 11,000

The Rumion costs about Rs 51,000-61,000 more than the Ertiga (the car it is based upon), which varies according to the variant one decides to buy

Ashish Kacholia buys 1 mn shares of this auto company; stk up 43% in 2 days

Ace investor Ashish Rameshchandra Kacholia bought 1.03 million shares os Universal Autofoundry on Thursday

Toyota introduces Rumion, looks to bolster presence in MPV segment

Toyota Kirloskar Motor on Thursday introduced an all-new model Rumion in the country as it looks to further strengthen its position in the robustly growing domestic multi purpose vehicle (MPV) segment. The seven-seater model comes with a 1.5-litre petrol engine mated with a five-speed manual and six-speed automatic transmissions. It also features a CNG trim. Toyota Kirloskar Motor (TKM) said the prices and booking date of the model will be announced in due course of time. It, however, noted that the vehicle be available from the early festive season in dealerships for deliveries. "At Toyota, we believe in going beyond delivering world-class vehicles. Our deep-rooted culture is to offer products and services that create exceptional value and offer peace of mind to our loyal customers. The all-new Toyota Rumion embraces this ethos," TKM Managing Director and Chief Executive Officer Masakazu Yoshimura said in a statement. As a brand, that is deeply committed to the Indian market and

Auto retail sales up 10% in July; three-wheelers at record pace: Fada

Month-on-month, sales down for all vehicle categories, except three-wheelers, mainly due to rains

Wheels India pegs domestic wheel business to pick-up post monsoon

Wheels India, manufacturer of wheels for trucks, tractors, passenger vehicles and construction equipment, expects the domestic wheel business to pick up during the second half of the year, according to a top official. The city-based company had registered a 24.2 per cent rise in its net profit for the April-June 2023 quarter at Rs 13.3 crore, from Rs 10.7 crore registered in the same period of last year. Revenues during the quarter under review grew by 6.74 per cent to Rs 1,124 crore, from Rs 1,053 crore recorded in the corresponding period of last year. "In Q1 amidst a muted domestic market, exports were strong at 25 per cent of our sales. There was a strong demand for buses in the latter part of Q1," Wheels India Ltd MD, Srivats Ram said. "We believe that the domestic wheel business would pick up post monsoon, in the second half," he said on the outlook for the company. In July, the National Company Law Tribunal approved the merger of Sundaram Hydraulics Ltd with Wheels India,

TVS Motors July sales: Total 2W sales up 4% YoY, exports down 20%

The company's total exports registered a 20% YoY dip with sales of 89,213 units in July 2023 as against 112,032 units in July 2022

Maruti Suzuki sales up 3.2% to 181,360 vehicles in July, thanks to SUVs

Utility vehicles (UV) of Maruti Suzuki include Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, S-cross, and XL6

M&M July sales: Total sales up 18% YoY to 66,124 units, exports down 9%

The automaker reported its highest-ever sales of SUVs at 36,205 units in July 2023 which is 30 per cent up from July 2022

Bajaj Auto net profit up 41.35% YoY at Rs 1,644 cr, revenue rises 29.4%

Sales also saw a year-on-year jump of 10 per cent to reach 1,027,091 units

Electric two-wheeler sales get recharged as subsidy cut pain eases

Average daily sales in the first 17 days of July double to 1,702 units from 852 units during the same period in June

Auto retail sales touch 1.86 million in June, 10% more than last year: FADA

'New model introductions, festive promotions, seasonal factors couldn't markedly boost sales'

PVs make up just 16% of the Indian auto sector in volume, but 58% in value

India saw passenger vehicle sales worth $63 billion in the financial year 2022-23

Honda Motorcycle and Scooter sales fall 7% YoY to 3,29,393 units in May

Honda Motorcycle and Scooter India on Friday reported 6.6 per cent decline in total sales at 3,29,393 units in May 2023 as compared to the same month last year. The company had sold 3,52,893 units in May 2022, Honda Motorcycle and Scooter India (HMSI) said in a statement. Domestic sales last month stood at 3,11,144 units, down 3 per cent from 3,20,857 units in the year-ago period, it added. Exports were down at 18,249 units from 32,036 units in the same month last year, the company said.