Page 14 - Car Sales

Hyundai Motor India receives over 11,000 bookings for Alcazar model

Hyundai Motor India on Monday said it has received over 11,000 bookings for its recently launched model Alcazar. Launched less than a month ago, the premium SUV has already garnered over 11 000 bookings, the auto major said in a statement. "This superlative response showcases our customer's affinity towards a high value, versatile and premium package that Hyundai Alcazar epitomizes perfectly," Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg said. The company has already delivered over 5,600 units of the model in the market, he added. "With the addition of this 6 and 7-seater SUV to our line up, we are now offering our valued Indian customers a stellar range of multiple SUVs which will help us to further fortify our SUV leadership in India," Garg noted. The automaker said that 63 per cent of bookings are for the SUVs diesel trims, indicating strong customer acceptance for the fuel efficient 1.5 litre diesel CRDi engine. Additionally, Hyundai has received one

June auto sales: MG Motor India reports retail sales of 3,558 units

MG Motor India on Thursday reported retail sales of 3,558 units in June

Chinese automaker Great Wall Motor aims to sell 4 million cars in 2025

China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday

Pre-war cars sell for roaring numbers at 2021's first major auction

Together the two auction houses that sold during the annual car show off the coast of Florida amassed sales of $61.3 million

Second wave of Covid-19 interrupted auto sales momentum in Q3-Q4: Ind-Ra

The second wave of the Covid-19 pandemic has interrupted the sales momentum recorded by the automobile industry in Q3-Q4 FY21, India Ratings and Research (Ind-Ra) said on Tuesday

Used luxury car market on a roll as volumes slowly accumulate

Martin Schwenk, country head for Mercedes-Benz, says the ratio of used Mercs to new ones is 1:4 - that is 25 per cent of all its car sales, underscoring the importance of the segment

Mercedes-Benz India's first quarter sales rise 34% to 3,193 units

Mercedes-Benz India reported a 34 per cent jump in car sales at 3,193 units in the first quarter of 2021 over the year-ago period, owing to strong sales in the first two months of the current year

Bajaj Auto reports sale of 3,69,448 units in March amid Covid-19 disruption

Bajaj Auto on Friday said its total sales stood at 3,69,448 units in March.

Major auto firms log robust sales in March on pent up demand

Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020. Both dispatches and production were hit last year due to the COVID-19 pandemic. "Domestic sales in March 2020 had dropped about 48 per cent due to COVID related disruptions. It will be seen that domestic sales in March 2021 have only recovered to March 2019 levels," MSI said in .

India's largest carmaker Maruti Suzuki reports March sale at 167,014 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported total sales of 1,67,014 units in March

Toyota Kirloskar sells 15,001 units in March, highest in the month in 8 yrs

Toyota Kirloskar Motor on Thursday said it sold a total of 15,001 units in March, registering the highest ever domestic sales in the month of March since 2013

Maruti Suzuki to substantially increase vehicle prices from April

Maruti Suzuki India (MSI) on Monday said it will "substantially" increase the prices of its entire product portfolio from next month in order to offset the impact of high input costs.

Vehicle scrapping policy: Experts say scheme not sales bonanza for firms

Actual number of vehicles available for scrapping 'a fourth of govt estimates'

Skoda hitches a ride on mid-size SUV Kushaq to drive up India volumes

Czech carmaker eyes 6x jump in volumes by 2025

Honda Cars domestic sales rise over two-fold to 11,319 units in January

Honda Cars India Ltd (HCIL) on Monday reported an over two-fold increase in domestic sales to 11,319 units in January as compared to the same month last year. The company had sold 5,299 units in the domestic market in January 2020, HCIL said in a statement. Exports for the period under review stood at 1,233 units as against 182 units in the year-ago period, it added. "The strong demand for our popular sedans Amaze and City in fact exceeded the supply last month and we seem to be heading towards sustainable market recovery except for a few challenges," HCIL Senior Vice-President and Director Marketing & Sales Rajesh Goel said. With the COVID-19 vaccination drive currently in progress, the automaker expects it to propel positivity in the market, resulting in a steady demand going forward, he added. The company has also started exports of its sedan City to new left hand drive markets which gave a fillip to the export volumes, Goel noted.

Domestic car sales drive Tata Motors' volumes up 25% to 59,959 units in Jan

Tata Motors on Monday reported a 25.27 per cent increase in total sales at 59,959 units January.

Mahindra & Mahindra total sales dip 25% to 39,149 units in January

Auto major Mahindra & Mahindra (M&M) on Monday reported 25.49 per cent decline in total sales at 39,149 units in January. The company had sold 52,546 units in the same month last year, M&M said in a statement. In the domestic market, passenger vehicle sales were up 4 per cent to 20,634 units last month, compared to 19,797 units in January 2020. Exports increased by 30 per cent to 2,286 units in the month under review, as against 1,761 units in the year-ago month. In the commercial vehicles segment, the company sold 16,229 vehicles as against 30,988 units earlier, a dip of 47.62 per cent. "We have witnessed a growth of 5 per cent in utility vehicles for the month of January. We have also seen strong bookings fueled by continued demand," M&M Automotive Division CEO Veejay Nakra said. Supply shortage of micro-processor semiconductors continues to be a serious challenge for the auto industry, he noted. "Going forward we are working with our supplier partners to gear up ...

Tata Motors unveils new SUV Safari, bookings to open next month

Tata Motors on Tuesday unveiled its upcoming flagship SUV Safari and is set to commence bookings for the model from the next month.

Commercial vehicle recovery may gather speed in FY22, say analysts

Besides Ashok Leyland, a slew of auto component makers will likely gain from volume growth

Budget 2021-22 wishlist: Here are the key challenges in automotive sector

The sector accounts for a major share of the retail financing and is key to driving sales in the commercial vehicle segment