Page 6 - Car 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

Slowdown in EV sales steers the world further off course from net zero

The outlook for fully electric vehicles has markedly deteriorated in the past year. BNEF began the 2023 edition of its EV Outlook by highlighting the profound transformation

LS polls, extreme heat drag passenger vehicle sales down by 1% in May

"Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by OEMs affected sales

EU set to disclose tariff rates for Chinese electric vehicles this week

The move comes as European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals. Still, there is virtually no support for tariffs from the continent's auto industry

Retail car sales drop in May as LS polls, weather delay purchases: Fada

Sales growth in two-wheelers slowed to 2.6 per cent in May from 33 per cent in April, said the FADA, which tracks monthly retail sales from dealers to buyers

PV exports rise by 268K units in last 4 years; Maruti's biggest gainer

Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with Maruti Suzuki India accounting for nearly 70 per cent of the incremental shipments during the period. As per the industry data, passenger vehicle exports in the 2020-21 fiscal stood at 4,04,397 units. It rose to 5,77,875 units in the 2021-22 fiscal year and to 6,62,703 units in 2022-23 financial year. Last fiscal, exports stood at 6,72,105 units, an increase of 2,67,708 units since 2020-21. In the last three fiscal years, Maruti Suzuki has accounted for 70 per cent of the incremental 2,67,708 units across the industry which were shipped to overseas markets. The auto major's export shipment increased by 1,85,774 units between FY21 and FY24. When contacted, Maruti Suzuki India Executive Officer Corporate Affairs Rahul Bharti said that factors like addition of more models, adherence to global production standards and tie-up with Toyota have helped in ramping up the exports' volume. He

Hyundai sales up 7% at 63,551 units, sells total 59,601 units in May

Hyundai Motor India Ltd (HMIL) on Saturday reported 7 per cent year-on-year increase in total sales at 63,551 units in May. The company sold a total of 59,601 units in May 2023, HMIL said in a statement. Domestic dispatch of vehicles to dealers saw 1 per cent rise to 49,151 units last month from 48,601 units in the year-ago period. Exports grew 31 per cent in May to 14,400 units, as compared with 11,000 units in the year-ago period. "We have maintained a healthy total sales volume in May 2024, despite a week-long routine bi-annual maintenance shutdown at our Sriperumbudur factory," HMIL COO Tarun Garg said. SUVs continue to be a growth driver for HMIL, accounting for more than 67 per cent of domestic sales last month, he added. "Our rural penetration stood at a healthy 20.1 per cent in May," Garg said.

M&M May wholesales surge 17% to 71,682 units, exports increase 2%

Mahindra & Mahindra on Saturday said its total wholesales increased 17 per cent year-on-year to 71,682 units in May. The company's total dispatches to its dealers stood at 61,415 units in May 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 31 per cent to 43,218 units last month against 32,886 units in May 2023, it said in a statement. Exports rose 2 per cent year-on-year to 2,671 units last month from 2,616 units in May 2023. Mahindra's Farm Equipment Sector (FES) reported 9 per cent increase in total tractor sales at 37,109 units as against 34,126 units for the same period last year. "Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of farmers," Mahindra & Mahindra President, Farm Equipment Sector Hemant Sikka said. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor ...

Toyota's global volumes fall in April as sales drop in China and Japan

Toyota's Japan sales were hit by a temporary halt to production of the Prius model at its Tsutsumi plant for quality checks and a partial halt of production at a line at a Toyota Auto Body plant