Car Sales

Auto retail sales dip 12% in December despite a good show in CY 2024

Sales of two wheelers dipped by 18 per cent, passenger vehicles by 2 per cent and commercial vehicles (CV) by 5.2 per cent

Tata Motors' new EVs promise over 500 km range on a single charge

This has been made possible by declining global costs of battery cells for EVs

European car sales decline in November, led by France and Italy: ACEA

The slowdown in electric vehicle (EV) sales was only partly offset by the growth of hybrid-electric car registrations

BYD on track to beat 2024 sales goal of 4 mn vehicles, outsell Ford, Honda

During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing

After Audi and Hyundai, Maruti Suzuki to raise car prices starting Jan 1

Several automakers have announced price increases for their vehicles starting January 2025, citing rising input costs, operational expenses, and supply chain disruptions

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Nissan Oct production down globally except Mexico amid Trump tariff threat

Nissan's worldwide output for October decreased 6 per cent from the same month a year earlier to 290,848 vehicles

Auto retail sales up 32% in Oct as 2W, PVs shine in festival season

Inventory levels improve from record high in Sept; dealers expect business improvement to continue

Deferred tax pulls down Honda Cars's net profit by 53% to Rs 661 crore

During the two Covid-affected years of FY20 and FY21, the company's net loss stood at Rs 1,672.2 crore and Rs 1,587.5 crore, respectively, according to documents

Festival fillip: Car dealerships see four-fold increase in footfall

Dealer sources claimed that even enquiries and bookings are up by 3-4 times when compared to the last 2-3 months

Carmakers expect festive period to improve sales, overall buyer sentiment

Auto industry players are eyeing robust performance in the ongoing festive period to lift overall consumer sentiment and set the tone for the rest of the year amid slowing demand. The festive season usually commences with Onam and ends with Diwali every year. Kia India National Head of Sales and Marketing Hardeep Singh Brar told PTI that the last 3-4 months were not good for the industry as sales declined compared to the same period last year. "With pent-up demand of the last few months there and government investment starting to flow in, we feel things should start improving from here onwards," he noted. Brar said the booking momentum in September was good, which is a strong indication for October. "And this time, all festivals are in October..we expect about 5-10 per cent sales growth during the period as compared to last year," he added. Brar said that in the January-April period, the passenger vehicle industry witnessed a growth of 7 per cent, but in May-September, there was

Carmakers expand dealerships to boost sales: Do they have right products?

India's passenger vehicle market is the third largest in the world now, at more than 4 million units a year, but car ownership remains low

From Maruti to Tata, auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise

Kia India total wholesales increase 17% in September to 23,523 units

Kia India on Tuesday said its total wholesales increased 17 per cent year-on-year to 23,523 units in September. The automaker had dispatched 20,022 units to dealers in September 2023. "Our continuous exceptional sales performance is driven by the overwhelming response from customers during the festive season of Ganesh Chaturthi and Onam," Kia India Senior Vice President and National Head of Sales & Marketing Hardeep Singh Brar said in a statement. The automaker has also prioritised expanding touchpoints, ensuring that mobility solutions are accessible to all customers across the country, he added.

Why are car sales falling in China?

Micro SUVs gain ground in India, with sales soaring 72% in early FY24

Hyundai Exter and Tata Punch, priced under Rs 10 lakh, saw a 72 per cent sales jump in the first four months of FY24, far outpacing the 1.8 per cent growth in overall domestic passenger vehicle sales

Hyundai launches new Alcazar; SUVs now account for 67% of its overall sales

Hyundai Motor India on Monday said its sports utility vehicle portfolio accounts for 67 per cent of its overall sales, surpassing the industry average of 53 per cent. The company, which on Monday introduced a new version of its seven seater SUV Alcazar, said SUV sales continue to see an upward trend in the country. "As India's love for SUVs grows, our SUV penetration continues to grow. Presently, our SUV penetration stands at 67 per cent, far surpassing the industry average of 53 per cent," Hyundai Motor India MD Unsoo Kim told reporters here. The company's midsize SUV Creta, whose latest version was introduced earlier this year, has already surpassed the milestone of one-lakh-unit sales mark, he added. The automaker remains committed to providing sustainable and convenient mobility solutions, Kim said. The new Alcazar comes in both petrol and diesel trims. The price of petrol variants starts at Rs 14.99 lakh while that of diesel commences at Rs 15.99 lakh (ex-showroom Delhi).

With low sales, auto dealers worry about offering further discounts

The double whammy of higher inventory costs and deeper discounts is a nightmare for auto dealers as that has a direct impact on their profit margins

PV retails dip 5% in August; Fada raises alarm over rising inventory level

Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body FADA said on Thursday. The overall passenger vehicle (PV) registrations last month stood at 3,09,053 units, as compared to 3,23,720 units in August 2023. "Even with the arrival of the festive season, the market remains under significant strain... Inventory levels have reached alarming levels, with stock days now stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at an alarming Rs 77,800 crore," Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said in a statement. Rather than responding to the situation, PV Original Equipment Manufacturers (OEMs) continue to increase dispatches to dealers on a month-on-month basis, further exacerbating the issue, he added. "FADA urgently calls upon all banks and NBFCs to intervene and immediately .

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023