Page 15 - Car Sales

Passenger vehicle retail sales rise 24% to 271,249 units in Dec: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units on the back of the pent up demand continuing from the festive season. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019. Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month, as compared to 12,73,318 units in December 2019. Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago. Similarly, three-wheeler sales fell 52.75 per cent to 27,715 units last month, from 58,651 units in December 2019. Tractor sales, however, grew by 35.49 per cent to 69,105 units last month, against 51,004 units in the same month of 2019. Total sales across categories increased 11.01

Doubtful of sustainability once pent-up demand fizzles: Maruti Suzuki

Having cornered 50 per cent share of India's car market, MSIL is one of the biggest employers in the country.

Passenger vehicle retail sales increase 24 pc in December: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 271,249 units

Maruti Suzuki sales rise 20 per cent to 160,226 units in December

The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 20.2 per cent increase in sales to 160,226 units in December

Tata Motors to increase commercial vehicle prices from January 2021

Tata Motors on Monday said its commercial vehicle prices will be revised upward from January next year.

Nissan Motor receives 5,000 bookings for its compact SUV Magnite

More than 60 per cent of the bookings have been received for the top 2 grades (XV and XV Premium)

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

Maruti Suzuki's November sales increase 1.7 per cent to 153,223 units

Automobile major Maruti Suzuki reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis

Share of rural mkt grows in passenger car sales with more first time buyers

Factors that helped rural sales included a good monsoon, an excellent rabi crop and a relatively lesser spread of the Coronavirus

Toyota Kirloskar posts 1.87% decline in total sales at 12,373 units in Oct

Toyota Kirloskar Motor on Sunday reported a 1.87 per cent decline in total sales at 12,373 units in October. The company had sold a total of 12,610 units in October last year, TKM said in a statement. On a sequential basis, the company said its October sales were higher by 52 per cent from September 2020 when it sold 8,116 units. Commenting on the sales performance, TKM Senior Vice President, Sales & Service, Naveen Soni said, "The month of October has been our best month so far since March 2020." He further said, "The festive season has proved to be bullish as we witness demand surging, month on month. This has been true of our retails too as order flow has been smooth, from the very beginning." Soni also said that the fact that the company's wholesaleshave been registering an average growth of close to 50 per cent every monthgives it the confidence that the demand for bigger vehicles is rising too, with both the Innova Crysta and the Fortuner clocking promising figures as ...

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period

Leading carmakers Maruti Suzuki India, Hyundai and Tata Motors saw better retail sales during the Navratri period this year as compared with last year with pent up demand of last few months aiding the brisk offtake. Kia Motors, Toyota Kirloskar Motor, Mahindra & Mahindra and Honda Cars India also witnessed robust sales during the ten-day period (including Dussehra) which is considered auspicious for buying new things and property. The country's largest carmaker Maruti Suzuki India (MSI) reported around 27 per cent increase in retail sales at close to 96,700 units during the Navratri period thisyear. "Our total retail sales were in the range of 96,700 units this year which is more than last year, MSI Executive Director for Sales and Marketing Shashank Srivastava said when asked about sales during the Navratri period. The auto major had retailed around 76,000 units in the same period last year. Similarly, Hyundai Motor India said it retailed 26,068 units during the period, an ...

Top headlines: Aurobindo Pharma to sell Natrol; Navratri drives car sales

From Aurobindo Pharma's plans to sell US-based Natrol to Kishore Biyani looking for mutual settlement, here are top headlines this morning

Auto firms kick-start Navratri with higher deliveries than last year

Number could have been higher had it not been a Saturday, say dealers. Last day of the week seen as inauspicious by many and people tend to avoid buying items made of iron

BMW to cash in on people spending on luxury cars as virus curbs holidays

Cars, especially luxury cars, are one of those items which people would love to reward themselves with after the crisis is over

Mercedes-Benz reports 38% drop in sales at 2,058 units in India for Q3

German luxury car maker Mercedes-Benz on Wednesday reported a 38.64 per cent drop in its sales at 2,058 units in India in the third quarter of the ongoing year but almost reached its pre-COVID sales level. The company had sold 3,354 units in the July-September quarter last year. Mercedes-Benz India said it is witnessing a V-shaped recovery of sales based on the Q3 performance, pointing to the beginning of a good festive season. The Q3 sales also almost reached pre-COVID level for the first time since lockdown. In the first quarter of 2020, sales were at 2,386 units as against 3,885 units in the year-ago period, down 38.58 per cent, the company said. Commenting on the sales performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said,"We are glad to witness a strong comeback in the course of the last quarter, with a significant increase from month-to-month within the third quarter." This performance is a result driven by the company's new product introductions, ...

Car sales in China shine as rest of the world reels from coronavirus

Sales of sedans, SUVs, minivans and multipurpose vehicles jumped 7.4 per cent in September from a year earlier to 1.94 million units

Tesla reports record 1,39,300 vehicle deliveries in Q3 despite pandemic

The company produced 1,28,044 Model 3 and Model Y vehicles and delivered 1,24,100 of those

Sales, aftersales showing very positive results: Lamborghini India Head

Optimism over Covid-19 vaccine and gradual opening of the economy has resulted in improved business outlook and is helping Italian super sports car maker Lamborghini generate new orders in India

Kia motors biggest gainer in August, captures 4.2% market share in India

Hyundai Motor India, the country's second-largest car manufacturer increased its market share to 19.44 per cent from 18.88 per cent. However, sales dropped to 34,699 units from 36,294 units

No freebies, cash discounts to cheer car buyers this festive season

Auto majors focus on finance schemes, enhanced digital experience instead