Page 8 - Automobile Sales

Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam. "Dealers anticipate this to be the best festive period in a decade for the passenger vehicle segment as we anticipate even higher sales during the month," it said. Barring tractors and some three-wheeler trims, all other segments like passenger and commercial vehicles and two wheelers performed better in September as compared to the year-ago period. Passenger vehicle retails increased 10 per cent to 2,60,556 units last month as against 2,37,502 units in September 2021. "Better availability of cars due to easing ..

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

TVS Motor sales increase 9% in Sept with 379,011 units amid festival season

Domestic two-wheeler registered a growth of 16 per cent, with sales increasing from 244,084 units a year ago to 283,878 units in September 2022

Honda Cars' domestic PV sales jump 29% to 8,714 units in September

The company's product range includes Honda Jazz, Honda Amaze, Honda WR-V, Honda City and Honda City e:HEV

Chip crunch driving used-vehicle sales, Shriram Automall revenues up 52%

Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice

People opting for scrapping should get discount on new vehicles: Gadkari

Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister

Automobile retail sales in India increase by 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent. Two-wheeler (2W) retail sales also grew by 8.52 per cent at 10,74,266 units in August 2022 as against 9,89,969 units in the same month last year, it added. FADA said the three-wheeler (3W) segment witnessed the highest growth rate last month posting 83.14 per cent increase at 56,313 units, up from 30,748 units in the same month a year ago. Commercial vehicles (CV) also witnessed a robust 24.12 per cent growth at 67,158 units as against 54,

Healthy order book, launches to help Maruti take the growth wheel

Market share, margin recovery remain key triggers for the stock, say brokerages

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

VE Commercial Vehicles' total sales rise 4.4% to 5,003 units in Aug

VE Commercial Vehicles Ltd on Thursday reported a 4.4 per cent growth in total sales at 5,003 units in August 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 4,793 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,893 units last month as against 4,667 units in the year-ago period, a growth of 4.8 per cent. Domestic sales of Eicher trucks and buses stood at 4,530 units as compared to 3,864 units in August 2021, while exports were at 363 units, down from 803 units earlier. Volvo trucks and buses posted sales of 110 units in August 2022 as compared to 126 units in the same month last year, down 12.7 per cent, the company said.

Mahindra & Mahindra posts 87% jump in vehicles sales to 29,852 units in Aug

Mahindra & Mahindra on Thursday reported an 87 per cent increase in domestic passenger vehicles sales at 29,852 units in August. The company had sold 15,973 units in the same month last year, M&M said in a regulatory filing. Sales of cars and vans were at 336 units in the month under review, up from 187 units in the year-ago month. In the commercial vehicles segment, the company said it sold 21,492 vehicles in August 2022, as against 8,814 units in the same month last year. M&M President, Automotive Division Veejay Nakra said the demand across the company's portfolio remained strong and new launches such as Scorpio-N, Scorpio Classic and new Bolero MaXX Pik-up also helped in driving growth. "The supply chain situation continues to remain dynamic for select product lines and we are taking appropriate actions to minimize impact," he added. In the tractors segment, M&M said total sales grew marginally to 21,520 units last month, as compared to 21,360 units in August ...

Kia India retail sales up 33.27% in Aug, helped by consumer sentiment

Company says its performance is a good sign for the Indian automotive market

July auto sales rise 10% YoY as chip availability improves: SIAM

Market for entry-level passenger cars, two-wheelers and three-wheelers yet to recover

Automobile industry expects car sales on fast lane in festive season

The auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road

July vehicle registrations fall 8% as rains, inflation hurt demand: FADA

Two-wheeler, tractor sales contract as people put off making expensive purchases before festival season in August

Auto retail sales dip 8% in July on poor registrations of PVs, two-wheelers

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors

Maruti Suzuki India reports 8.28% rise in sales to 175,916 units in July

Maruti Suzuki India Ltd on Monday reported an 8.28 per cent increase in total sales to 175,916 units in July 2022

Tata Motors reports over 51% rise in sales to 81,790 units in July

Tata Motors on Monday reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market

Hyundai Motor India reports 6% increase in sales at 63,851 units in July

Hyundai Motor India Ltd (HMIL) on Monday reported 6 per cent increase in total sales at 63,851 units in July 2022. The company had sold 60,249 units in the same month last year. Domestic sales were at 50,500 units last month as against 48,042 units in July 2021, a growth of 5.1 per cent, HMIL said in a statement. Exports grew 9.4 per cent at 13,351 units as compared to 12,207 units in the year-ago month, it added. "With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends riding on the green shoots of pent-up demand and customer desire towards personal mobility," HMIL Director (Sales, Marketing & Service), Tarun Garg said. The company's newly launched SUV Tucson has also received strong customer response, he said adding, "We remain optimistic towards the future prospects of the Indian auto industry.