Auto companies in India count deliveries to dealers as sales.
Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.
In the next 3-6 months, things should start to look-up, says Dasari
The company's exports were up 26.65% to 74,060 units this November, from 58,476 units a year ago
Maruti Suzuki reported sales of 150,630 passenger vehicles in the domestic market in November, down 1.9 per cent over 153,539 units in the corresponding month last year
TVS Motor Company, the only company in India to manufacture mopeds, said exports dropped by nearly 40 per cent.
2% rise in month-on-month sales reduces stock-in-trade for transition to BS VI
Two-wheeler exports rise 4% in April-Sep; Bajaj Auto leads the pack
TVS Motor sold 168,000 mopeds during Q2, against 241,000 units during the same period last year
The premium motorcycle segment saw a seven-fold jump in domestic sales during April to September
Stuck in the slow lane, promotions, advertising and customer engagement are of critical importance say the companies.
This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts
In the PV segment, Maruti Suzuki India posted a 36.14% decline in its August sales at 93,173 units
Largest two-wheeler manufacturer Hero Moto Corp saw a decline of more than 20 per cent
The auto sector has been the worst performer among sectoral indices over the last year, shedding 34.5 per cent, while the Sensex and the Nifty were down marginally
Hero MotoCorp and Honda Motorcycle and Scooter India saw volumes skid 23.22 per cent and 10.59 per cent, respectively
Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018, it added.
Auto companies in India count dispatches to dealers as sales
While total two-wheeler sales were down 5.9%, the domestic segment saw a drop of 8%
Cumulative sales of the top six manufacturers of two-wheelers were nearly 1.58 million units last month, from 1.88 million in the same month a year before