Page 14 - Auto Sales
Top 10 biz headlines: Next stimulus package, weak auto sales and more
Business Standard brings you top 10 business headlines of the day
 "Top 10 biz headlines: Next stimulus package, weak auto sales and more")
Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April
In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million
 "Covid-19 impact: Mexico, Brazil see 99% plunge in auto production in April")
Hero MotoCorp to benefit from higher rural share; downtrading to help
Market leader's share in the economy segment improved by 600 basis points in FY20
 "Hero MotoCorp to benefit from higher rural share; downtrading to help")
TVS Motor joins the list of auto firms with zero domestic sales in April
Maruti, Skoda among others are aready in this list though many have exported; TVS shipped 8,134 two-wheelers abroad
 "TVS Motor joins the list of auto firms with zero domestic sales in April")
Large stimulus critical for re-starting economic engine: MD, Ashok Leyland
Supply chains need to be re-started, migrant labour needs to come back to work (in a systematic and safe manner), and consumer demand needs to be triggered, says Vipin Sondhi
 "Large stimulus critical for re-starting economic engine: MD, Ashok Leyland")
Top headlines: PM on lockdown extension, ILO's poverty report, and more
Business Standard brings to you the top headlines of the day
 "Top headlines: PM on lockdown extension, ILO's poverty report, and more")
Bajaj Auto sales drop 38% in Mar as biz takes hit; domestic sales tank 55%
The company further said its total two-wheeler sales were down 35 per cent at 2,10,976 units as compared to 3,23,538 units in the year-ago month
 "Bajaj Auto sales drop 38% in Mar as biz takes hit; domestic sales tank 55%")
Lockdown crushes Motown: Sales of top auto makers decline 64% in March
Auto sales decline by 64% as manufacturers shut down to prevent spread of coronavirus
 "Lockdown crushes Motown: Sales of top auto makers decline 64% in March")
Ashok Leyland domestic sales skid 91% in March, Eicher total sales dip 83%
Eicher's commercial vehicle (CV) sales dropped by 81 per cent to 1,409 units during the month from 7,329 units, a year ago
 "Ashok Leyland domestic sales skid 91% in March, Eicher total sales dip 83%")
BS-VI transition, economic slowdown drag auto sales down 19.8% in Feb
Vehicle sales across categories stood at 16,46,332 units last month as against 20,34,597 units in February
 "BS-VI transition, economic slowdown drag auto sales down 19.8% in Feb")
Auto sale picks up in Feb but negative outlook for March over Coronavirus
Dealers are facing a new challenge with the Coronavirus cases being detected in India and an alarming drop in customer walk-ins in auto showrooms
 "Auto sale picks up in Feb but negative outlook for March over Coronavirus")
HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low
At 9:38 am, Brent Crude Futures were at $32.27/bbl, down 13 cents or 28.72 per cent, US WTI, on the other hand, was at $28.45/bbl-mark, down 12.83 cents or 31 per cent.
 "HPCL, BPCL surge up to 13%; RIL slumps 8% as Brent Crude hits 20-yr low")
Tata Motors domestic sales drop 34% in Feb as coronavirus disrupts supplies
Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd said that commercial vehicle domestic sales in February was 35 per cent lower than last year
 "Tata Motors domestic sales drop 34% in Feb as coronavirus disrupts supplies")
Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%
The company had sold 56,005 units in the same month last year, M&M said in a statement
 "Mahindra & Mahindra sales skid 42% to 32,476 in February, exports down 40%")
Car sales to rise in 2020 on stiumulus measures, discounts, says Moody's
But weak consumer demand and tight liquidity will likely limit any improvement in car sales this year, it added
 "Car sales to rise in 2020 on stiumulus measures, discounts, says Moody's")
Slow economy, weak sentiment to continue weighing on auto sales: Fitch
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018
China's auto sales plunge 20% in January deepening market slump
January's slump looks even worse due to the timing of the holiday, when shops and factories close two weeks. This year's shutdown fell entirely in January, while half was in February last year.
 "China's auto sales plunge 20% in January deepening market slump")
Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery
It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend
 "Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery")
Following a slow year, Lamborghini eyes double-digit sales in India in 2020
Agarwal said while the company is managing internal factors, external factors such as the general economic scenario in India is having an impact on sales growth
 "Following a slow year, Lamborghini eyes double-digit sales in India in 2020")
Auto slowdown due to loan related issues, BS-VI transition: Tata Motors
"The sluggishness of the vehicle market in the country is going to be short-lived. We hope that sales of passenger vehicles will record pace by July-August before the festive season," Tata Motors said
