Page 5 - Car Sales

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

Bumpy ride: High stock, low demand drive domestic car sales down 2-3%

Domestic car wholesales saw a decline for a second straight month in August

Maruti Suzuki total sales dip 4% year-on-year to 181,782 units in August

Maruti Suzuki India on Sunday reported a 4 per cent year-on-year decline in total sales in August at 1,81,782 units. The company had dispatched 1,89,082 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle wholesales were at 1,43,075 units last month as compared with 1,56,114 units in the year-ago month, a dip of 8 per cent, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis and Swift, declined 20 per cent to 58,051 units as compared with 72,451 units in the year-ago month. Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga, Invicto, Fronx and XL6, clocked sales of 62,684 units last month as compared to 58,746 units earlier. Sales of Eeco were at 10,985 units last month as against 11,859 units in the year-ago period, while that of light commercial vehicle Supe

Passenger vehicle dealers struggle with inventory worth Rs 73,000 cr: Fada

Given the stockpile, carmakers should realign their production around retail figures, according to the Federation of Automobile Dealers Associations

Maruti adjusts production to reduce dealer stock amid slower sales: Suzuki

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights

Luxury car sales soar in India: Lamborghini, Ferrari set new records

In the super luxury segment, sales more than doubled in 2023 to 1,000 units, and industry experts project that this year's figures will reach between 1,200 and 1,300 units

Festivals hold promise but passenger vehicle sales may stay flat in FY25

While OEMs are upbeat on the upcoming festive season sales, analysts peg the overall growth in PV sales for FY25 to be flat at 0.8 percent or so

EVs, hybrid vehicles set to exceed China's 50% car sales for first time

Sales of electric vehicles and plug-in hybrids, which are counted under the category of new energy vehicles in China, rose to 879,000 units, making up 50.8 per cent of total sales

TVS Motor's sales grow by 9% to 354,140 units in July, EV sales up 61%

TVS Motor Company on Thursday reported a 9 per cent increase in total sales at 3,54,140 units in July as compared to 3,25,977 units in the same month last year. Total two-wheelers sales were at 3,39,676 units during the month under review against 3,12,307 units in July 2023, a growth of 9 per cent, TVS Motor Co said in a statement. Domestic two-wheeler sales grew 8 per cent to 2,54,250 units in July over 2,35,230 units in the year-ago period. TVS Motor Co said its motorcycle sales in July registered a growth of 5 per cent at 1,61,074 units as compared to 1,53,942 units in the same month last year. Scooter sales grew 15 per cent to 1,39,995 units in July 2024 from 1,21,941 units in July 2023. Electric vehicle sales rose 61 per cent to 21,442 units last month against 13,306 units a year ago. Three-wheeler sales increased 6 per cent to 14,464 units in July 2024 from 13,670 units in the same month last year. Last month, the company said, its total exports climbed 9 per cent to 97,589

Renault's first-half sales rises on strong demand for hybrids in Europe

The company sold 1,154,700 vehicles globally compared to 1,133,478 units last year, with almost three-quarters of that volume going to Europe

New car sales in EU increase by 4.3% in June, says industry body Acea

Top European carmakers are betting on car sales to pick up over the year, despite cooling electric vehicle (EV) demand after several years of strong growth

India's car exports grow by 18.6% in Q1; domestic sales remain flat

The auto industry body sought incentives to promote EVs in Budget

Mobility players drive 18% of total car sales in FY24, says Deloitte

Mobility sector's growth path set to accelerate to 25% by FY30: Deloitte

China's car sales slide in June, falling for third straight month

June sales of so-called new energy vehicles including pure electric vehicles and plug-in hybrids accounted for a record 48.1 per cent of domestic car sales

Carmaker Mercedes-Benz India posts record half-yearly sales at 9,262 units

German luxury carmaker Mercedes-Benz on Monday reported a 9 per cent growth in sales at 9,262 units in India in the first half of 2024, its highest ever half-yearly sales in the country, riding on strong demand across categories and availability of volume models. The company had posted sales of 8,528 units in the January-June period of 2023, which was its previous highest half-yearly sales, Mercedes-Benz India said in a statement. It plans to launch six new products in the second half (H2) of 2024. SUV penetration was at 55 per cent in H1 2024, while the TEV (top-end vehicle) segment priced above Rs 1.5 crore comprised 25 per cent of total sales, it added. The SUV segment saw robust performance from the GLA, GLC, GLE and GLS models, while the sedan portfolio comprising the A-Class, C-Class, outgoing LWB E-Class and S-Class topped customer preference for luxury sedans, it added. The BEV (battery electric vehicle) portfolio grew by 60 per cent in H1 24, comprising 5 per cent of tota

Auto retail sales up marginally in June amid heatwaves: Dealer association

Inventory levels in passenger vehicles reach record high, ranging from 62 to 67 days

Retail sales of cars fall in June for 2nd straight month, PV sales dip 6.8%

India's auto industry forms 7% of the country's GDP, according to government data

Massive monsoon season discounts take the wheel in car sales drive

As the monsoon season begins, carmakers and dealers are intensifying their efforts to attract buyers with various incentives, including discounts, exchange bonuses, and assured gifts

Car sales stay on growth track in H1 despite poll, heatwave roadblocks

Maruti Suzuki's domestic PV wholesales during the month increased by 3 per cent year-on-year to 137,160 units in June, compared to 133,027 units during the same month in 2023.

EU electric car sales fall in May as German demand slumps, says industry

Overall new car sales in the bloc fell by 3 per cent in May from the same month in 2023, the second drop this year