Page 8 - Car Sales

Car makers break festive season records, do record sales of Rs 1.3 trillion

Driven by consumer demand, automobile companies sold 1.14 million vehicles, averaging nearly 13,000 units daily

Bumpy road! Pakistan car sales continue to fall; 6,200 units sold in Oct

Motorcycle sales in Pakistan have declined by around 10% in the first four months of the financial year, which is largely due to the decreasing purchasing capacity among the common masses

Hyundai India set for SUVs accounting over 60% of sales in 2023: COO Garg

Hyundai Motor India Ltd is on track to achieving 60 per cent of its total domestic sales from SUVs this year with models like Creta and the newly launched Exter accelerating the growth, according to company COO Tarun Garg. With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation. "We will end up with more than 60 per cent at the end of the year which is what we said at the beginning of the year...We are now almost reaching there," Garg told PTI. He was responding to a query on how much would SUVs contribute to the company's overall sales considering the traction its models have witnessed in the market. He further said,"For us the good thing has been that SUV contribution has moved to 63 per cent in October and year-to-date at 59 per cent as against industry SUV percentage of 48 per cent. So that has really helped us to outperform the industry in terms of Januar

Amid strong festive demand, car dispatches likely to make new record in Oct

Car sales have broken the sales record for a third straight month in October

Driving the change: Luxury car buyer is getting younger in India

Around 59 per cent of BMW buyers (in the luxury class) are aged between 31 and 45 years, and 35 per cent of its buyers are existing customers

Hyundai, vendors set to line up Rs 10,000 crore for Talegaon plant

Tata Motors and Ford India signed deal for the latter's Sanand unit for Rs 725 cr in 2022

Two-wheeler sales back on track; analysts expect 8-12% growth in FY24

Industry experts are hoping for better numbers during the festive period's sweet spot, set to unfold over the next 42 days

M&M total sales jump 17% at 75,604 units in September, PV sales up 20%

Mahindra & Mahindra Ltd on Sunday reported a 17 per cent year-on-year growth in overall auto sales at 75,604 units in September 2023. Passenger vehicles sales were at 41,267 units last month as against 34,508 units in September 2022, a growth of 20 per cent, M&M said in a statement. The company further said its utility vehicles sales were at 41,267 units as against 34,262 units in the year-ago month, up 20 per cent. M&M had nil sales of cars and vans last month although it sold 246 units in the category in September 2022. "While demand for our key SUV brands continues to be strong, we are keeping a close watch on the availability of semi-conductors and select components to meet the strong festive season demand," M&M President, Automotive Division, Veejay Nakra said. M&M said its total exports declined 5 per cent last month at 2,419 units as compared to 2,538 units in September 2022.

Toyota reports its highest-ever monthly sales in September at 23,590 units

Toyota Kirloskar Motor on Sunday said its total wholesales increased 53 per cent year-on-year to 23,590 units in September, its highest-ever in a month. The automaker had dispatched 15,378 units to dealers in the same month last year. Total sales achieved include 22,168 domestic units and export of 1,422 units, Toyota Kirloskar Motor said in a statement. Toyota Kirloskar Motor Vice President of Sales and Strategic Marketing Atul Sood said the sales performance underlines the growing acceptance of the company's diverse product portfolio. "We are witnessing sustained demand across our product line-up which is leading to the company's record-breaking performance... As we move forward in the festive season, we are expecting a promising period with demand continuing to grow thus further enhancing our sales performance," he added. The automaker said wholesales grew 35 per cent to 1,23,939 units in the first six months of the current fiscal year, compared to 91,843 units in the same peri

MG Motor records 31% uptick in its retail sales in September at 5,003 units

MG Motor India on Sunday reported a 31 per cent year-on-year growth in retail sales at 5,003 units in September 2023. Sales of electric vehicles continue to contribute around 25 per cent of the total sales of the company, MG Motor said in a statement. Both the ZS EV and the Astor Black Storm models have received positive response from customers, it added.

Domestic passenger vehicle wholesales up 9% in Aug, exports rise: Siam

Highest ever August sales for passenger vehicles and three-wheelers, says report

Swedish luxury carmaker Volvo revs up with EVs, eyes record sales in 2023

Earlier, its peak sales was in 2018, when it sold 2,600 cars

Top headlines: Car sales zoom to new high in Aug, India set for Aditya-L1

Business Standard brings you the latest headlines at this hour

M&M August sales up 19% overall, automaker reports 26% growth in SUVs

Farm equipment sales see 3% growth, while exports drop by 26% YoY; 3-wheeler sales up 47%

Mercedes-Benz India expects EVs to contribute 25% of its car sales in 3-yrs

: Betting big on the growing electric vehicle market in India, luxury car maker Mercedes-Benz is expecting its EV portfolio (present and future) to make up 25 per cent of its total car sales in the next three years, growing from the current levels of three to four per cent. Mercedes-Benz on Thursday launched the GLC, its new petrol/diesel SUV, in Hyderabad. Managing Director and CEO of Mercedes-Benz India Santosh Iyer said the automaker is planning to launch three to four EVs in the coming 12 to 18 months in India. For India as well we feel that there would be a rapid adoption as and when new cars launch, and at this stage we are looking at three to four new EVs in the next 12 to 18 months time. So, slowly but surely we should increase penetration. And in the next three years we feel that 25 per cent of our sales would be EVs in India as well, Iyer told PTI. According to him, it would be easier for Mercedes-Benz car users to adopt electric vehicles as most of them already have ...

Strong market demand may return best-ever car sales this festive season

The festive season starts around August with Onam and Rakhshabandhan and concludes with Diwali in November

Tata Motors launches brand new Altroz variants starting at Rs 6.90 lakh

Tata Motors has launched the two latest variants of Altroz - XM and XM(S); both come with a 1.2-litre Revotron petrol engine and will be positioned between the Altroz XE and the XM+

Volvo Car's sales in India increased by 33% in January-June period

Volvo Car India on Wednesday said its sales grew 33 per cent year-on-year to 1,089 units in the January-June period. The company had delivered 818 units in the corresponding period of last year. The growth was primarily driven by the XC60, which experienced a substantial 35 per cent increase resulting in 376 deliveries, the automaker said in a statement. Additionally, the locally assembled all-electric XC40 Recharge performed exceptionally well, with sales of 289 units in the first half of the year, accounting for 27 per cent of the total volume, it added. "The performance in the first half serves as a promising indicator, instilling confidence that the upcoming months will yield even better outcomes," Volvo Car India Managing Director Jyoti Malhotra noted. With the upcoming launch of electric model C40 Recharge in August, the aim is to surpass its best ever year, he added. The introduction of the C40 Recharge aligns with Volvo's commitment to achieve a fully electrified vehicle

Robust Jaguar Land Rover sales in June quarter power up Tata Motors

Wholesale, retail volumes up 30% and 29%, respectively

Tata Motors posts 1% rise in total domestic sales at 80,383 units in June

Tata Motors on Saturday reported a 1 per cent rise in total domestic sales at 80,383 units in June 2023 as against 79,606 units in the year-ago month. Domestic passenger vehicle sales, including electric vehicles, were at 47,235 units as compared to 45,197 units in the same month a year ago, a growth of 5 per cent, Tata Motors said in a statement. Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said the passenger vehicle industry in Q1 FY24 witnessed a robust demand driven by new launches, especially in the SUV segment and EVs. "Tata Motors continued its growth trajectory registering quarterly sales of 1,40,450 units in Q1 FY24 and recording a growth of 8 per cent over Q1 FY23," he added. In the EV segment, he said the company posted its "highest-ever quarterly sales of 19,346 in Q1 FY24, registering a growth of 105 per cent over Q1 FY23". "This growth is driven by a strong market response to Tiago EV while demand for