Page 3 - Vehicle Sales

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.

Audi India to hike prices by 2% starting June 2024 amid rising input costs

The recent financial year witnessed Audi India retail 7,027 units, marking an overall growth of 33 per cent

Renault India partners BLS E-Services for enhancing sales in rural market

Automaker Renault India on Tuesday said it has partnered with technology-enabled digital service provider BLS E-Services to enhance availability and accessibility of its vehicles in rural India. The two partners have signed a memorandum of understanding (MoU) for enhancing the reach of Renault's 2024 range of Kwid, Triber and Kiger in the rural market, the company said in a statement. Under the collaboration, Renault India will leverage BLS E-Services' widespread network of approximately 1 lakh touchpoints, along with 1,016 digital stores to drive awareness and facilitate sales of Renault cars in rural and semi-urban regions across the country, it added. "Rural India holds great potential for us, and through our collaboration with BLS E-Services, we aspire to deepen our presence in these markets by introducing our made-in-India, made for the world cars that are designed to cater the unique preferences of our customers," Renault India Vice President of Sales and Marketing Sudhir ...

'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'

Electric Vehicle (EV) sales in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 35 per cent with annual volumes likely to touch 27.2 million units by 2032, a report said on Friday. The report, 'India Electric Vehicle Market Overview 2023', by energy advisory, software and services firm, Customized Energy Solutions, also predicts a record-breaking sale of 1.7 million units in 2023. EV sale in India is projected to touch about 27.2 million units by 2032 and with a CAGR of 35 per cent from 2023-2032 under business-as-usual conditions, according to the report. The driving force behind this is a confluence of factors, including the availability of the FAME-II subsidy, which has proven to be a catalyst, with a substantial budget allocation of USD 1.2 billion assigned to subsidise various EV segments, it said. The central government's commitment to fostering an indigenous EV ecosystem is evident in the approval of a USD 3.5-billion Production-Linked Incentive (PLI) sch

Suzuki Motorcycle India's vehicle sales grow 24% to 79,483 units in Dec

Two-wheeler maker Suzuki Motorcycle India on Tuesday said its vehicle sales increased 24 per cent year-on-year to 79,483 units in December. Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in December, as per a company statement. "The company closed December 2023 with total sales of 79,483 units, recording 24 per cent year-on-year growth," Suzuki Motorcycle India said in the statement. Of the total two-wheeler sales last month, the domestic sales volume stood at 69,025 units, while the remaining 10,458 units were retailed in the overseas markets, it stated.

Vehicle loan AUM for NBFCs to cross Rs 8 trillion in 2024-25: CRISIL

The growth in AUMs will be driven by rising demand for commercial vehicles, cars, utility vehicles, and two-/three-wheelers

Two-wheeler volumes expected to grow by 4-7% this fiscal year: Report

Two-wheeler retail sales are expected to increase by just 4-7 per cent in volume terms in the domestic market this fiscal year despite logging strong growth in the festive period, according to a report. The festive season this year saw robust growth in two-wheeler retails aided by the upcoming wedding season and some recovery in rural demand, which supported sales growth in the entry-level (110 cc) segment, the report by rating firm Icra stated. The dealer inventory remained at near normal levels, with the OEMs (original equipment manufacturers) wary of a build-up in inventory at the dealerships, it added. "The industry is expected to record a moderate growth in volumes in FY 2024 (4-7 per cent) even as export volumes remain impacted by weak demand," Icra said. Elaborating on the passenger vehicles, Icra stated that the segment is expected to record a moderate growth in volumes in FY2024 (6-9 per cent) and reach an all-time high during the period. Commercial vehicle volume growth

Festive season auto sales scale record high in 2023, up 19%, says FADA

Significant growth was observed in the two-wheeler, three-wheeler, commercial vehicle and passenger vehicle segments, with a rise of 21%, 41%, 8%, and 10%, respectively

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

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

MG Motor India August retail sales rise 9% YoY, reach 4,185 units

MG Motor India on Friday reported a 9 per cent year-on-year increase in retail sales at 4,185 units in August. The automaker had sold 3,823 units in August 2022. The carmaker is gearing up and building further on the current momentum in the festive season, MG Motor India said in a statement. The company is readying the introduction of the Black Edition of its mid-sized SUV Astor, it added.

Bajaj Auto total vehicle sales fall 15% to 341,648 units in August

Bajaj Auto on Friday said its total vehicle sales, including sale of commercial vehicles, declined 15 per cent to 3,41,648 units in August. The company had reported total sales of 4,01,595 vehicles in August last year. The total domestic sales dropped 20 per cent to 2,05,100 units in the previous month as compared to 2,56,755 units sold in August 2022, Bajaj Auto Ltd said in a statement. Total vehicle exports fell 6 per cent year-on-year to 1,36,548 units in August from 1,44,840 units shipped to the overseas markets in the year-ago period, it said. Its total two-wheeler sales declined 20 per cent to 2,85,031 units in the previous month from 3,55,625 units sold in August 2022. Two-wheeler exports, however, increased 2 per cent to 1,24,211 units in August 2023 as against 1,21,787 units in the same month last year.

No brakes on M&M's open bookings, even as capacity addition in top gear

57,000 bookings a month, against 33,000 billings; firm blames semiconductor shortages

Tata Motors total sales decline YoY, electric cars give firm a boost

Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market

Tata Motors domestic sales fall 4% in April, passenger vehicle sales up 13%

The sales of commercial vehicles fell sharply by 27% to 22,492 units in April this year. It was 30,838 last year

Taking a look at some high-frequency indicators for January-February

CEA V Anantha Nageswaran had said that to get to 7 percent GDP growth in FY23, the January-March quarter will have to register a 5.1% real GDP growth

Tata Motors vehicle sales accelerate by 3% at 79,705 units in February

Tata Motors on Wednesday reported 3 per cent year-on-year growth in total wholesales at 79,705 units in February. In the year-ago period, the company's total vehicle sales stood at 77,733 units. Domestic vehicle sales were up 6 per cent at 78,006 units last month over 73,875 units in February 2022, Tata Motors said in a statement. The company said its passenger vehicles domestic sales, including electric vehicles, during the month under review stood at 43,140 units as against 40,181 units in the corresponding period last year. The total commercial vehicles domestic sales, however, declined 3 per cent to 36,565 units last month from 37,552 units a year ago, it added.

TVS Motor Company's vehicle sales rise 3% to 275,115 units in January

TVS Motor Company on Wednesday said its vehicle sales grew 3 per cent in the domestic market at 2,75,115 units in January. The company posted its vehicle sales at 2,66,788 units in the year-ago period. Its total two-wheeler sales registered a growth of 4 per cent at 2,64,710 units in January from 2,54,139 units last year, aided by a 29 per cent growth in the domestic two-wheeler sales, which stood at 2,16,471 units in the reporting month, the company said in a statement. In the two-wheeler sales, motorcycle sales volume dropped 12 per cent at 1,21,042 units in the previous month as against 1,37,630 units in 2022. Scooter sales, however, was up 32 per cent at 1,06,537 units during the month under review from 80,580 units last year, TVS said. The electric scooter iQube recorded its highest-ever sales of 12,169 units last month as against sales of 1,529 units in January 2022, according to the company. The total sales in the overseas market reported a sharp declined of 42 per cent ..

Ashok Leyland's total vehicle sales grow 23% to 17,200 units in January.

Commercial vehicle maker Ashok Leyland total vehicle sales, including exports, rose 23 per cent to 17,200 units in January. The company had reported its total vehicle sales at 13,939 units in the year-ago period, it said on Wednesday. Domestic sales (M&HCV and LCV) in the reporting month were recorded at 16,198 units, a growth of 27 per cent over 12,709 units in January 2022. M&HCV domestic sales were at 10,108 vehicles during the previous month, logging a 34 per cent growth over January 2022 when the company had sold 7,561 units in the local market. At the same time, LCV domestic sales spiked 18 per cent at 6,090 units in January, the company said.

Tata Motors posts 6.4% growth in total vehicle sales at 81,069 units in Jan

Tata Motors on Wednesday reported a 6.4 per cent growth in total vehicle sales at 81,069 units in January. In the year-ago period, the company's total vehicle sales stood at 76,210 units. Domestic vehicle sales were up 10 per cent at 79,681 units in the previous month over 72,485 units in 2022, Tata Motors said in a statement. The company said its passenger vehicles domestic sales, including electric vehicles, during the month under review stood at 48,289 units, which was 18 per cent higher when compared to 40,942 units in the corresponding period of the last year. The total commercial vehicles domestic sales, however, declined 7 per cent to 32,780 units in January 2023 from 35,268 units a year ago, it added.

Toyota Kirloskar Motor vehicle sales surges 175% to 12,835 units in January

Toyota Kirloskar Motor (TKM) on Wednesday reported a 175 per cent growth in vehicle sales at 12,835 units in January. The company had sold 7,328 units in the year-ago period, Toyota Kirloskar Motor said in a statement. "Even with a month-on-month strong growth of 175 per cent, we anticipate customer demand to gain further momentum in this year," Atul Sood, vice president, sales and strategic marketing at TKM, said. The carmaker had announced opening of bookings for its Hilux and the Innova Crysta models besides announcing the prices of the CNG variants of its Urban Cruiser Hyryder. The company has commenced dispatches of its Hycross SUV and is making efforts to meet the growing demand for the vehicle in the country, he said and added that its Urban Cruiser Hyryder also continues to witness healthy demand. In addition to this, the company's flagship models -- Camry, Fortuner, Legender and Vellfire -- also continue to garner good orders, he added.