Page 10 - Passenger Vehicle Sales

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Automakers see double-digit growth as robust demand lifts PV sales in Dec

Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said. Similarly, Hyundai ...

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Festive demand lifts Nov domestic passenger vehicle sales by nearly 5%: SIAM

India's passenger vehicle sales posted a 4.6 per cent rise in November as the festive season saw a pick up in demand, industry body SIAM said on Friday as it corrected its earlier projection of a shar

Demand, dip in market share, profit margin weigh on Maruti Suzuki

Valuations factor in the volume rebound, leaving little upside from the current levels

Passenger vehicle retail sales rise 4% in Nov aided by festive demand: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations

Tata Motors, M&M stocks see significant gains on improved demand outlook

While M&M closed at Rs 705.6 a piece, up 10.8 per cent - the highest in 18 months, Tata Motors' shares ended at Rs 173.6, a piece up 9.8 per cent-the highest in 33 months

Passenger vehicle wholesale up 14% to 3,10,294 units in October: SIAM

Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent

Top headlines: Passenger vehicles sales dip; Finance Commission report out

The Bombay High Court refused to grant interim bail to TV journalist Arnab Goswami.

Passenger vehicle retail sales dip 9% in October on supply woes: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in October witnessed a year-on-year decline of 8.8% to 249,860 units, as registrations slowed down owing to supply issues

Mahindra & Mahindra's total sales fall 14.52% to 44,359 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 14.52 per cent decline in total sales to 44,359 units in October. The company had sold 51,896 units in the same month last year, M&M said in a statement. In the domestic market, passenger vehicle sales were up 1 per cent to 18,622 units last month compared to 18,460 units in October 2019. In the commercial vehicles segment, the company sold 3,118 vehicles last month in the domestic market as against 7,151 units in October 2019, a drop of 56 per cent. Exports dropped by 25 per cent to 2,021 units as against 2,703 units in the year-ago month. "We are happy to achieve a growth of 4 per cent in utility vehicles, despite certain supply constraints. Our brands Scorpio, Bolero and XUV 300 continue to do well, while the bookings for the all-new Thar has set new records within just a month of its launch," M&M Chief Executive Officer, Automotive Division, Veejay Ram Nakra said. For Mahindra, the festive season has started on a ...

Sale of passenger vehicles, 2 wheelers rising during festive season: Report

Amid increasing consumer preference for personal mobility, the original equipment manufacturers have continued with higher wholesale billings during July-September 2020, says a new report

Tata Motors consolidated net loss widens in Q2 on weak operational show

However, the quarter reflected strong sequential recovery with positive pre-tax profit and major positive free cash flows following restart of production and reopening of global retailer network

Govt support in GST cut to help PV segment offset price hike: Tata Motors

The Indian automobile industry leapfrogged to BS VI emission standards from BSIV from April 1 this year

Uptick in passenger vehicle sales to raise aftermarket demand: ACMA

The automotive industry is shifting gears as it witnesses an uptick in vehicle consumption in the second quarter of the current financial year, ACMA said

India's passenger vehicles exports fall 58% in first half of FY21

Passenger car exports during the period under review stood at 1,00,529 units, down 64.93 per cent from 2,86,618 units in April-September, 2019-20

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Tata Motors Q2 total sales surge 5% led by festive season, pent-up demand

Total domestic sales were up 13 per cent to 106,888 units from 94,454 units in July-September period last year

Passenger vehicle sales increase 14% in August to 215,916 units: SIAM

Passenger vehicle sales in India increased by 14.16 per cent in August to 2,15,916 units as against 1,89,129 units in the same month last year, auto industry body SIAM said

New vehicle registrations plunge 36% in July; PV retail sales down 25.19%

Dealers say full-year outlook remains negative with a projected contraction in retail sales of 15-35% across all segments, save tractors