Page 10 - Auto Sales

Auto sales could hit speedbreaker with spike in rural Covid-19 cases

Rural India accounted for 18% of new infections in June, and as much as 40% in Sept; The spike appears to have an inverse relationship with rural sales, says a Crisil note

Plunge in Q2 auto sales washes out Q1 gains in rural markets, says Crisil

In the second quarter, the pandemic penetrated deeper into the hinterland, and the share of fresh rural cases more than doubled to 38 per cent by September

Tata launches special-edition SUV Harrier CAMO in India at Rs 16.50 lakh

Tata Motors launched a special edition of its flagship SUV Harrier, at a starting price of Rs 16.50 lakh (ex-Delhi showroom) amid the ongoing festive season

Honda doubles full-year profit forecast, boosted by China rebound

Honda more than doubled its full-year operating profit forecast as its second-quarter earnings grew 28% amid a rebound in China after auto sales were squeezed by the impact of the coronavirus pandemic

Toyota profit forecast more than doubles amid China pandemic rebound

Toyota more than doubled its full-year operating profit forecast, as vehicle sales rebound in China from a pandemic squeeze earlier this year that contributed to a 24% slide in second-quarter earnings

Apollo Tyres: Investors should consider stock if volume growth sustains

Margin gains, however, depend on a hike in prices

JK Tyre, Exide: Analysts advise staying selective in auto ancillary space

The market has been quick to spot the opportunity. Over the past few sessions, tyre stocks have been on a roll with JK Tyre, Ceat, MRF logging smart gains at the bourses

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Hyundai reports 8.2% increase in total sales at 68,835 units for Oct

Hyundai Motor India on Sunday reported an 8.2 per cent increase in total sales at 68,835 units for October. The company had sold 63,610 units in October 2019. The auto major recorded its highest ever monthly domestic sales of 56,605 units last month, up 13.2 per cent from 50,010 units in October 2019, the company said in a statement. The company had achieved the previous highest monthly domestic sales number in October 2018 with 52,001 units. "The October month sales performance has set a positive tone for the overall business environment and we are confident that the company will continue to strongly contribute towards sustainable growth of the economy, community and all its stakeholders," Hyundai Motor India Director (Sales,Marketing & Service) Tarun Garg said. The company's exports, however, declined by 10.1 per cent to 12,230 units as compared with 13,600 units in October last year, it added.

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

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Car makers pull all stops to beat the pandemic blues ahead of festivals

The benefits range from cash discounts, attractive EMIs to Covid-19 cover

Harley fails, Hyundai triumphs: India's auto market is unlike any other

The problems: taxation system favours smaller cars, expat CEOs don't always understand business landscape

Smaller, cheaper vehicles take centre stage amid economic slowdown

Revenue break-up of car makers also suggests that buyers are now changing their cars less frequently, compared to the past

Auto companies show signs of recovery, increase dispatches by 13%

Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy

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

Skoda Auto India registers 7% rise in retail sales at 1,328 units in Sept

Skoda Auto India on Thursday reported a 7 per cent increase in retail sales at 1,328 units in September

Maruti remains bullish on long-term growth of auto sector despite hurdles

Srivastava said it was getting difficult to predict when the company would be able ro achieve normal volumes

Beijing Auto show: Demand rebound, EV boom mix with murky outlook

China's auto sales rose 11.6% in August from a year earlier, the fifth straight rise after plunging on coronavirus lockdowns

Out of the driving seat

We may have to wait till 2022-23, or even 2023-24 before sales climb back to the levels attained in 2018-19 and, as mentioned above, even those numbers were not inspiring