Page 4 - Auto Sales

Supply chain constraints to dent Maruti Suzuki production levels in Dec

The country's largest carmaker Maruti Suzuki India on Tuesday said its production in December could only be up to 85 per cent of the normal, owing to supply constraint of electronic components

Maruti Suzuki keeps close watch on price movement of commodities

The country's largest carmaker Maruti Suzuki India is keeping a close watch on the price movement of commodities, which had touched an 'unprecedented' high in the second quarter, to fix its vehicle prices in the future as it has not fully passed on the impact to consumers, according to a senior company official. The company is hoping for a softening of commodity prices, which also move cycles, having "sort of reached the peak". "Material cost is an important cost in the overall cost structure for any OEM (original equipment manufacturer). Normally, 70-75 per cent of the total cost of an OEM is material cost. "In the second quarter, our material cost to net sales ratio had gone up to a very high figure of 80.5 per cent. This is unprecedented," Maruti Suzuki India Senior Executive Director (Marketing and Sales) Shashank Srivastava told PTI. When asked if the company will hike prices of its vehicles, especially around the new year as is usually done, he said, "We have to carefully ...

A bumpy ride for automakers: Festive season hasn't seen strong pick-up

Festive season hasn't seen strong pick-up, margin pressures continue

Top headlines: Oct GST collection second highest ever; auto sales skid

Maruti Suzuki and Hyundai report a double-digit drop in sales in October as auto firms struggle to get computer chips for their vehicles. More in our top headlines.

Auto sales skid on supply chain woes; Tata Motors, M&M buck trend

Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October

Tata Motors Ltd Q2 consolidated net loss widens to Rs 4,415.54 crore

Tata Motors Ltd (TML) on Monday reported a widening of consolidated net loss

MG Motor reports 24% drop in retail sales in Oct amid production challenges

MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage

Buyers may go for cars with lower running costs as fuel prices spike: Study

With fuel prices going up by 35% over the past 15 months, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, a report said

Chip shortage: Auto retailers staring at huge losses this festive season

Automobile retailers are staring at huge losses this festive season as manufacturers struggle with vehicle dispatches to dealerships amid the ongoing semiconductor shortage crisis

Jeep India records over-two fold increase in September dispatches

Automaker Jeep India on Friday said its sales surged over two-fold in September as compared to the same month last year

Lamborghini looks at doubling sales number in next 4 years in India

Lamborghini, which crossed cumulative sales milestone of 300 units in India last month, is looking to double the number in the next four years on the back of robust demand a company official said

Maruti Suzuki sales slide 46% in September due to chip shortage

For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year

Skoda Auto India posts over two-fold rise in sales at 3,027 units in Sep

Skoda Auto India on Friday reported an over two-fold increase in sales at 3,027 units in September 2021, riding on its newly launched SUV Kushaq. The company had sold 1,312 units in the same month last year, Skoda Auto India said in a statement. While Kushaq has fueled the growth for the brand in India, other models such as Superb, Octavia and Rapid have also contributed to the increase in sales volumes, it added. The company had launched the midsize SUV Kushaq in June this year priced between Rs 10.5 lakh and Rs 17.6 lakh (ex-showroom Delhi). The model crossed the 10,000 bookings milestone in September 2021, it said. Commenting on the sales performance, Skoda Auto India Brand Director Zac Hollis said, "Skoda Auto India has managed to consolidate and move forward in September, despite the headwinds that the industry is facing in terms of some key components." He further said, "we are confident of building our momentum, as we approach the festive season, and look forward to delive

Auto shares trade mixed ahead of Sept sales data; here's what to expect

According to analysts at Emkay Global, commercial vehicles (CVs) should maintain positive momentum in September while passenger vehicles (PVs) volumes are likely to be hit by the chip shortages

Health insurance dominates premium mop-up; motor and crop recover

General insurers have seen Covid-related health claims mount, especially after the second wave of the pandemic

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.

Chip shortage: What caused it and how will this impact you & industry?

In this podcast, we discussed why there is a semiconductor shortage and what are its impact

What auto sales tell us about the demand problem in Indian economy

Wholesale two-wheeler sales are lagging PV sales by 10 steps, while retail 2W sales are 22 steps behind retail car sales, an analysis of auto sales data shows