Page 5 - Automobile Sales

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.

myTVS parts division on expansion spree, to add one store a day in FY24

Under Ki Mobility, two brands are functioning at present, which includes myTVS for the automobile service business and myTVS Partsmart for the parts business

Q4 earnings: India Inc's net profit growth slowest in 11 quarters

Slowdown in revenue growth, spike in interest expenses hit Q4 earnings

Two-wheeler maker Suzuki Motorcycle sales jump 49% to 97,584 units in March

Two-wheeler maker Suzuki Motorcycle India has posted a 49 per cent jump in its vehicle sales at 97,584 units in March over the same month of 2022, the company said on Sunday. The company sold 73,069 units in the domestic market and exported 24,515 units in the previous month, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in the statement. SMIPL sold a total of 65,495 vehicles in March 2022. For the full fiscal 2022-23, the total sales were up 24.3 per cent at 9,38,371 units from 754,938 units retailed in the financial year that ended March 31, 2022, the company said. "Suzuki Motorcycle India was able to attain a remarkable sales achievement in March by registering the highest ever monthly sales of 97,584 units. This translated to a year-on-year growth of 49 per cent as compared to March 2022, said Devashish Handa, Executive Vice President for sales, marketing and after-sales at Suzuki Motorcycle India Pvt Ltd. For the fiscal year 2023, the company registered a double digit sales gr

Automaker Kia India sales fall by 5% to 21,501 units in March 2023

Automaker Kia India on Saturday said its sales wholesales declined by 5 per cent to 21,501 units last month, as compared to 22,622 units in March 2022. The company dispatched 8,677 units of Sonet, 6,554 units of Seltos, and 6,102 units of Carnival last month to dealers. For the 2022-23 fiscal, the automaker sold 2,69,229 units, a growth of 44 per cent over 1,86,787 units in 2021-22. "Our focus on offering futuristic design, combined with cutting-edge technology, has helped us in winning the Indian market and new-age customers alike. "With additional features and improvements in engine and transmission combinations in RDE-compliant vehicles, we are confident that we will continue our winning spree," Kia India VP and Head of Sales & Marketing Hardeep Singh Brar said in a statement.

Retail auto sales up 16% YoY in Feb but still lower than pre-Covid level

The change in onboard diagnostics and the wedding season were the key drivers of growth in the month

Overall passenger vehicle dispatches cross 335,000 units in February

Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 1,55,114 units in February as compared with 1,40,035 units in the same month last year. The sales of mini segment cars, comprising Alto and S-Presso, grew to 21,875 units as against 19,691 units in February 2022. According to the automaker, the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 79,898 units in February as compared with 77,795 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross

M&M Q3 results: PAT rises 14% to Rs 1,528 crore; revenue jumps 41%

M&M will now focus on growing farm machinery revenues by 10-fold in next 5 years

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday

Maharashtra tops list of states buying EVs through FAME scheme

In electric four wheelers, including cars, Delhi came top

Hyundai Motor India's rural sales cross 100,000-mark in 2022

Hyundai Motor India on Friday said its sales in the rural areas crossed one lakh-mark last year. The company said it has deployed its 100th Mobile Service Van (MSV) in Siliguri (West Bengal) to further strengthen its commitment to the rural markets. Hyundai Motor India Chief Operating Officer Tarun Garg said there was a growth of 17 per cent in the rural sales last year as compared to 2019. "We are confident that the company's growing rural network of over 600 outlets will act as a catalyst in enhancing customer peace of mind," he added. As upcountry customers demand more attention and care, the automaker has increased its rural manpower to over 5,000 in 2022, Garg said. Hyundai had commenced doorstep car care initiative with its first mobile service van in Meerut (Uttar Pradesh).

Automobile exports record growth of 35.9% from 2020-21 to 2021-22

The Vehicle exports have witnessed an impressive growth during 2021-22. Export of the total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22

Maruti Suzuki Q3 preview: Profit may decline up to 8% QoQ on lower volumes

Maruti Suzuki Q3: Net profit may come in the range of Rs 1,794.4 crore to Rs 1,940 crore, as per brokerages' estimates

No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward