Page 4 - Vehicle Sales

Bajaj Auto total vehicle sales fall 21% to 285,995 units in January

Bajaj Auto Ltd total vehicle sales fell 21 per cent at 2,85,995 units in January. The company's vehicle sales stood at 3,63,443 units in the year-ago period. Total domestic sales rose 16 per cent to 1,73,270 units in the previous month as against 1,49,656 units in January 2022. Exports declined 47 per cent year-on-year at 1,12,725 units, according to a company statement. Bajaj Auto had shipped out a total of 2,13,787 vehicles to various overseas markets in January 2022. Total two-wheeler sales dropped 25 per cent at 2,41,107 units in January 2023 compared to 3,23,430 vehicles sold in the same month previous year, with domestic sales rose 4 per cent at 1,40,428 units and exports declining a whopping 46 per cent at 1,00,679 during the period under review over 2022, as per the statement.

Toyota commences bookings of new multipurpose diesel vehicle Innova Crysta

Toyota Kirloskar Motor on Friday said it has commenced bookings for the updated version of its multipurpose vehicle Innova Crysta. The model now comes with a 2.4-litre diesel powertrain mated with a five speed manual transmission across four trims. It can be booked for Rs 50,000 at company dealerships or online, Toyota Kirloskar Motor (TKM) said in a statement. The opening of bookings for the new Innova Crysta comes on the heels of the launch of the Innova HyCross (available in Gasoline and Strong Hybrid Electric powertrains). "This vehicle (Innova Crysta) is a perfect choice for customers preferring a rugged and practical vehicle, well known for its unparalleled comfort and safety," TKM Vice President, Sales and Strategic Marketing Atul Sood stated.

Sold record 1.3 mn vehicles last year, number short of target sales: Tesla

Tesla said on Monday that sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk's pledge to grow the company's sales by 50 per cent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of the 1.4 million needed to reach the company's 50 per cent growth target. Sales grew 40 per cent year over year, while production climbed 47 per cent to 1.37 million. The shortfall came despite a major year-end sales push that included rare USD 7,500 discounts in the US on the Models Y and 3, the company's top-selling models. Tesla Inc., which is based in Austin, Texas, also had to deal with rising cases of the novel coronavirus in China, which cut into production at its Shanghai factory. With the extra US push, Tesla delivered more than 405,000 vehicles worldwide in the fourth quarter. But that missed Wall Street projections. Analysts polled by data provider FactSet expected 427,000 deliveries from Octo

Wedding season pushed vehicle retail sales up by 26% in November: FADA

All categories were in the green with two-wheelers, three-wheelers, passenger vehicles, tractors & commercial vehicles growing by 24%, 80%, 21%, 57% and 33%, respectively

Hyundai reports 36% increase in total sales in Nov to 64,004 units

Hyundai Motor India on Thursday reported 36 per cent increase in total sales at 64,004 units for November 2022. The company had dispatched 46,910 units to dealers in the same month last year. Domestic sales were up 30 per cent to 48,003 units as against 37,001 units in November last year, the company said in a statement. Exports increased 61 per cent to 16,001 units as compared with 9,909 units in the year-ago period, it added. Hyundai Motor India Director (Sales, Marketing & Service) Tarun Garg said the company is well poised to achieve its highest ever domestic sales in 2022.

Ashok Leyland reports 39% increase in sales to 14,561 units in Nov

Hinduja flagship firm Ashok Leyland on Thursday reported 39 per cent increase in total commercial vehicle sales at 14,561 units in November 2022. The company had dispatched 10,480 units to its dealers in the same month last year, Ashok Leyland said in a statement. Domestic sales were up 46 per cent at 13,654 units, against 9,364 units in November 2021, it added.

Toyota Kirloskar Motor reports 10% decline in sales in Nov to 11,765

Toyota Kirloskar Motor (TKM) on Thursday said its wholesales declined by 10 per cent to 11,765 units in November 2022. The company had sold 13,003 units in the domestic market in the year-ago period. TKM has discontinued compact SUV Urban Cruiser and also paused bookings for diesel version of Innova which impacted its overall dispatches last month, a company statement said.

Aided by festive demand, PV wholesales up 29% to 291,113 units in Oct: SIAM

Passenger vehicle wholesales in India rose 29 per cent to 2,91,113 units in October aided by robust demand in the festive season, the Society of Indian Automobile Manufacturers (SIAM) said on Friday. Total passenger vehicle dispatches from companies to dealers were 2,26,353 units in October 2021. Total two-wheeler dispatches last month increased 2 per cent to 15,77,694 units as compared to October 2021. "Good market sentiments coupled with festive boost, resulted in higher sales in October, especially for passenger vehicles," SIAM President Vinod Aggarwal said. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the two-wheeler segment, he added. Three-wheeler wholesales last month rose to 54,154 units from 31,812 units in the year-ago period. Passenger three-wheelers are witnessing better offtake due to increased shared mobility in semi-urban and urban areas, Aggarwal said. Elaborating further on the sales last mon

Commercial vehicles on recovery track, to touch FY19 peak next fiscal: VECV

Commercial vehicles (having more than 3.5 tonnes capacity) had dropped from the 2018-19 peak to 2,34,299 vehicles in 2020-21 and had increased to 3,43,199 units in 2021-22

Motor insurance picked up pace, grew neck and neck with health in H1FY23

Motor insurance, which saw muted growth in the last two years, has finally seen some momentum, although the base is low

Economy positive, demand all across: Shriram Transport Finance V-C & MD

Good demand for used vehicles in rural market, says Umesh Revankar in interview

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

Recovery tracker: Power generation, consumption lower than before

Decline also seen in vehicle registrations, railway freight growth

Chip crunch driving used-vehicle sales, Shriram Automall revenues up 52%

Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice

People opting for scrapping should get discount on new vehicles: Gadkari

Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister

Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

Top headlines: Vehicle sales up 8% in Aug; Fitch affirms rating for 4 NBFCs

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent

Ashok Leyland total vehicle sales jumps 51% to 14,121 units in Aug

Commercial vehicle maker Ashok Leyland's total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August, the company said on Thursday. The Hinduja Group flagship had sold a total of 9,360 vehicles in August 2021. The total medium and heavy Commercial Vehicle (M&HCV) sales were up 81 per cent year-on-year and touched 8,379 units from 4,632 units sold in August 2021, with truck volumes growing 70 per cent at 7,325 units, as against 4,297 units a year ago. The light commercial vehicle (LCV) sales volumes stood at 5,742 units during August, growing 21 per cent over 4,728 vehicles in the same month last year, it added. The domestic vehicle sales increased 58 per cent to 13,301 units in the month under review, from 8,400 units in the year-ago period, the company said.

Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA

Dragged down by two-wheelers, overall retail falls 8%

Recovery tracker: Greater power generation and mobility even as cases spike

Vehicle registrations and railway freight numbers came in lower than before