Page 2 - Auto Demand

Bajaj Auto reports 16% decline in total domestic sales in September

Bajaj Auto on Friday reported a 16 per cent decline in total domestic sales at 1,92,348 units in September this year, over the year-ago period

MG Motor India reports 28% rise in retail sales in Sept despite chip crisis

MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.

Kia Sonet crosses 100,000 cumulative sales mark in less than one year

Kia India on Tuesday said its compact SUV Sonet has crossed one lakh cumulative sales mark in less than one year of its launch in the market. During the same period, the vehicle has also become the fourth highest-selling SUV in the country, the automaker said in a statement. Introduced in September 2020, Sonet has emerged as a breakthrough product in its segment, contributing almost 17 per cent to the segment and 32 per cent to Kia's overall sales, it added. The Sonet was launched when the auto industry was facing its worst slump in history with the advent of COVID-19 pandemic. The market was battling rock-bottom customer sentiment amidst manufacturing and supply chain setbacks. We introduced the Sonet in September last year against all odds, and it would not be an understatement to say that it has rewritten Kia's success story in India and has made a stronghold in the segment with its industry-leading features and specifications," Kia India Executive Director and Chief Sales & ...

Maruti Suzuki Swift crosses 2.5 million cumulative sales milestone

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 25 lakh cumulative sales milestone in over 16 years of its launch in the country. The model, which was the country's leading model in terms of sales in the last fiscal, has transcended its records by clocking cumulative sales of 2.5 million units, MSI said in a statement. Swift had created the premium hatchback segment in the country with its launch in 2005. "With its launch in 2005, Swift heralded the start of the premium hatchback segment in India... million Swift lovers. The No. 1 selling car of FY20-21, the sporty Swift has created a glorious legacy with its scintillating looks and power-packed performance," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava noted. Swift is not a car, it is a feeling, an emotion and a refreshing new thought process that challenged many notions around hatchbacks, he added. "This success is a testament to the love .

China is on course to build the best cars in the world for the right price

China pays relatively low wages and has millions of skilled workers steeped in the nation's strong manufacturing culture.

Retail vehicle sales in August rose 14%, CV sales up 98%

Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year.

Auto demand recovery weaker than expected post 2nd lockdown: MOFSL

Automobile demand recovery has been weaker than expected post the lifting of second lockdown in June 2021, said Motilal Oswal Financial Services Limited (MOFSL).

Amara Raja Batteries Q1 profit doubles to Rs 167 crore

Amara Raja Batteries Ltd (ARBL) on Saturday reported profit before tax of Rs 167 crore in Q1 FY22, nearly double from Rs 84 crore in the same period of previous fiscal.Revenue stood at Rs 1,886 crore as compared to Rs 1,151 crore in the same period. Earnings per share for Q1 FY 22 work out to Rs 7.26.Even as the current quarter was impacted by lockdowns due to pandemic, the aftermarket demand across product segments in both automotive and industrial segments remained strong.The company said automotive business revenue grew on the back of strong growth in exports and OEMs compared to last year. In the industrial business, both telecom and UPS applications registered strong YoY growth."While the uncertainties due to second wave of Covid and the resultant lockdowns are creating unpredictability in the product off take, we are focused on ensuring the product availability across all market segments by calibrating manufacturing operations and supply chain dynamically," said Jayadev Galla, ..

Automobile dealers see sales recovering in 2 months as states unlock

Walk-ins 'very less' as approximately 40 per cent of 26,000 automobile dealerships resume work.

Car prices 'fairly stable' in short term; demand to rise: VW official

Prices of cars are likely to remain "fairly stable" in the short term as the second Covid wave has more or less balanced the demand-supply situation according to a senior official at Volkswagen India

Domestic auto sales in India go below 2015 levels amid Covid-19 crisis

The situation was not very different globally

Bajaj puts brakes on bookings of e-scooter Chetak due to high demand

Attributes move to supply chain uncertainties, receives 'overwhelming' response for model

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

Citroen C5 Aircross SUV set to launch today: Here's all you need to know

The 5-seater premium SUV can be ordered online or through Citroen's dealership.

Triumph Trident 660 set for India launch today: Check details here

The booking for Triumph's middle-weight street bike started in November 2020 and it will be available in India roads after April 6

Low base, recovery in demand drive March auto sales into fast lane

Maruti Suzuki, India's largest carmaker, reported a near 100 per cent jump in sales in March at 167,014 units against just 83,792 units last year

Honda Motorcycle & Scooter India posts 395,037 unit domestic sales for Mar

Honda Motorcycle & Scooter India (HMSI) on Thursday reported domestic sales of3,95,037 units in March this year. The company had sold 245,716 units in the same month last year when sales were impacted by coronavirus-induced lockdown. Exports stood at 16,000 last month, HMSI said in a statement. The company said it closed FY21 with total sales of 4,073,182 two-wheelers, including domestic sales of 38,65,872 units and exports of 2,07,310 units. HMSI Director (Sales and Marketing) Yadvinder Singh Guleria said, "FY2020-21 was a year of unprecedented uncertainties. Honda resiliently overcame challenges from lockdowns to unlocks.

Used car market sees a continued interest from buyers amid Covid-19

2020 saw incremental growth for 1st-time car buyers, category up 3% for Maruti

From Hyundai's Creta to Kia's Seltos, SUVs drive auto recovery in February

Their popularity suggests that the market has travelled beyond the search for value-for-money

Tata Motors sees CV industry growth at over 30% next fiscal

Homegrown auto major Tata Motors expects the commercial vehicles industry to grow over 30 per cent in the next fiscal on the back of cyclical demand uptick and overall recovery of economic activity, according to a top company official. The company, which on Thursday launched its latest range of intermediate and light commercial trucks (I&LCV) - the Ultra Sleek T-Series with price starting from Rs 13.99 lakh (ex-showroom Delhi), is also seeking to cash in on the return of demand and enhance its market share in the segment. "One can now say that the economic recovery is well and truly in place and we see the last quarter GDP growth has been positive. The same thing is expected this year. Next year also both the government and RBI have given projections that the GDP should grow in double digits," Tata Motors President Commercial Vehicle Business Unit, Girish Wagh told reporters in a virtual conference. He further said, the commercial vehicles (CV) industry is very closely linked to ..