Page 7 - Car Sales

SUVs dominate rural India: Hyundai's sales in January-April 2024 surge

In the first four months of this year, SUVs like the Exter, Venue, and Creta made up 67 per cent of Hyundai's rural sales, doubling their share since 2020

Indian small car exports thrive as domestic demand shifts to SUVs

Maruti Suzuki, Hyundai, Kia, Citroen, Volkswagen, Honda, Nissan, and Renault are finding markets abroad

Mahindra sales up 13% in April at 70,471 units, PV sales at 41,008 units

Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year. The company's total dispatches to its dealers stood at 62,294 units in April 2023. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 18 per cent to 41,008 units last month against 34,698 units in April 2023, it said in a statement. Total exports increased 2 per cent to 1,857 units last month from 1,813 units in the year-ago period. The company said its tractor sales in April 2024 rose 2 per cent to 37,039 units as against 36,405 units in the same period last year. "Government's wheat procurement operations are going on in full swing with good mandi arrivals, keeping the rural cash flows healthy," M&M President,? Farm Equipment Sector Hemant Sikka said. IMD's forecast of an above normal monsoon rains and festivals in the month of April have helped bring positivity in rural sentiments, he ..

Toyota hits record annual output, sales on account of robust demand

The world's largest automaker by volume, however, saw its sales and production fall in March amid fierce competition in China, the world's largest auto market

Expect rural sales contribution at record levels in FY25: Hyundai official

Hyundai Motor India expects sales contribution from rural areas to remain at record levels in the current fiscal as well on account of various factors including anticipation of a favourable monsoon, according to a senior company executive. The country's second-largest automaker, which sells models like Creta and Venue, reported 11 per cent growth in rural areas last fiscal as compared to 4 per cent in urban centres. "We are confident that the contribution from rural markets to our total sales will grow further to around 20 per cent this financial year," Hyundai Motor India COO Tarun Garg told PTI. The automaker plans to further expand its presence in smaller towns as it firmly believes that for the nation to prosper, both rural and urban regions must progress in tandem, he added. Garg noted that rural sales accounted for an all-time high of 19 per cent of the company's total sales in FY23. Hyundai Motor India registered its highest ever total sales of 7,77 876 units in 2023-24 wit

VinFast Q1 results: Loss narrows $618.3 mn even as car sales fall

The company reported a net loss of $618.3 million in the first three months of this year, decreasing 12.3% from the fourth quarter, the company said in a filing

Tata Motors' total domestic wholesales rise 2% to 90,822 units in March

Tata Motors on Monday reported a 2 per cent rise in its total domestic wholesales at 90,822 units in March. In the year-ago period, the company posted total domestic wholesales of 89,351 units. Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 50,297 units in March as compared to 44,225 units in the same period last year, up 14 per cent, it added. Total commercial vehicle dispatches in the domestic market last month stood at 40,712 units, down 10 per cent as against 45,307 units in March 2023. For the fiscal ended March 31, 2024, the company said its total wholesales in the domestic market stood at 9,49,015 units, up 2 per cent from 9,31,957 units in 2022-23. Last fiscal, passenger vehicle wholesales stood at 5,73,495 units, up 6 per cent from 5,41,087 units in FY2022-23. Commercial vehicle dispatches in the domestic market declined by 4 per cent to 3,78,060 units last fiscal from 3,93,317 units in the year-ago period. "In FY24, the compan

Polls may rev up 2-wheeler sales but passenger vehicles likely to be a drag

But passenger vehicle sales may hit slow lane, say industry experts

Shut OLX Auto due to focus on profitable growth: CarTrade's Aneesha Menon

Our dominance in the consumer group is unparalleled, especially in the auto portal segment, said Aneesha Menon

Tata Motors to split CV, PV businesses into separate listed companies

Analysts feel move will allow them to fetch better valuation for PV business that houses the EV biz

Bringing a plug-in-hybrid for India makes no sense for Skoda: Senior exec

Automakers have to be 'flexible and agile' to act according to customers' wishes and government regulations, says Martin Jahn

Accepting our income demographics

With the blurring urban-rural income divide and the diminishing mental and physical distinctions, large mass markets with modest-income consumers are finally emerging

Tata Motors Q3 results: Net profit jumps 137% to Rs 7,025, revenue up 25%

The company remains upbeat on all three auto businesses and expects to do better in Q4

Automakers post highest ever monthly passenger vehicle wholesales in Jan

The preceding peak occurred in October 2023, with domestic sales by automakers reaching 391,811 units in India during the festive period

Tata Motors total vehicle sales climb 6% to 86,125 units in January

Tata Motors on Thursday said it has reported a 6 per cent year-on-year increase in its total vehicle sales (including international markets) at 86,125 units in January. The company had sold a total of 81,069 vehicles in January last year, according to a statement. During the last month, total domestic sales stood at 84,276 units as against 79,681 units in January 2023, logging a 6 per cent year-on-year growth. At the same time, total commercial vehicle sales declined 2 per cent to 32,090 units in the previous month from 32,780 vehicles in January last year, it said. The total passenger vehicle domestic sales, including EVs, grew 12 per cent to 53,633 units in the month as compared to 47,987 vehicles a year ago.

Loans for purchasing cars a rising trend in India, finds Jato Dynamics

Fleet sales, which comprise car sales to companies, organisations, and government entities that own a fleet of cars, have also seen a significant increase

BMW Group India races to new peak in record year for luxury car sales

Govt should rationalise duty structure if it wants faster adoption of new technologies: India head Pawah

PV sales surge past 4 mn, fueled by SUV demand, record December wholesales

Interest rate hikes, high base of 2023 may result in muted volume growth in 2024

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023

MG Motor India on Monday reported an 18 per cent growth in total retail sales at 56,902 units in 2023 as compared to the previous year. In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India said in a statement. The company further said with a growth of 18 per cent in 2023 it recorded the fourth consecutive year of growth. It had around 25 per cent of its total sales coming from electric vehicle (EV) models, it said. The company's flagship EV, ZS, the Comet have sold around 20,000 units till date.

After an impressive festive season, car sales likely to cool down in Dec

December is usually marked with weaker sales as customers tend to wait for the new year to get the newest cars with the changed model year