Page 8 - Auto Sales

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.

Maruti to hike prices from April 1, other firms may follow as costs rise

India's largest carmaker will make a second round of price increase since January

Tata Motors clocks highest-ever PV sales in 9 years in Feb 2021; stk up 5%

ICICI Securities maintain 'buy' rating on Tata Motors with target price of Rs 375 per share.

From GST collection to car sales, macro data signals steady recovery

GST mop-up rises 7% to Rs 1.13 trn in Feb; Manufacturing PMI eases slightly to 57.5

Auto sales stay in the fast lane in February, but industry cautious

Automakers say further hike in fuel prices could dent consumer sentiment

Hero MotoCorp reports 1.45% increase in total sales in February

The country's largest two-wheeler maker Hero MotoCorp on Monday reported a 1.45 per cent increase in total sales at 5,05,467 units in February. The company had sold 4,98,242 units in the same month of the previous year, Hero MotoCorp said in a statement. Total motorcycle sales stood at 4,63,723 units last month as against 4,79,310 units in February 2020, down 3.25 per cent. Total scooter sales, however, increased over two fold to 41,744 units as compared with 18,932 units in the year-ago month, it added. In the domestic market, sales rose marginally to 4,84,433 units last month as compared with 4,80,196 units in the same period a year ago. Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period. "The growth in sales despite the ongoing challenges on account of supply chain issues that the industry is facing has been possible due to the state of preparedness and quick countermeasures taken by the company," the company said. Hero MotoCorp re

Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

Higher staff, input costs to keep Eicher Motor margins under pressure

The pace of volume recovery could be key in the coming quarters

Sales of Maruti's CNG variants move in top gear amid spike in fuel prices

Improving network of CNG and increase in number of cities where natural gas is now available have also been fuelling growth, company says

Maruti Suzuki pre-owned car unit True Value crosses 400,000 unit sales

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said its pre-owned car unit True Value has crossed 40 lakh sales milestone. True Value celebrates the sales of 4 million pre-owned cars from a network of independent outlets across the country, MSI said in a statement In line with market trends, the automaker had upgraded its True Value outlets in 2017, offering a seamless amalgamation of online to offline car buying experience. "The pre-owned car market in India is highly unorganised and there are very few players providing safe, reliable and transparent buying and selling experience to buyers. "True Value was set up to overcome these issues and ensure that buyers of the pre-owned car get the same experience as new car buyers," MSI Executive Director (Marketing & Sales) Shashank Srivastava said. The outlets are digitally integrated through website and app so that customers can access details of all the cars available at True Value outlets from the comfort of ...

Tata Motors rallies 11% as domestic PV sales nearly double in Jan

The stock of Tata group commercial vehicles (CVs) company was trading at its highest level since June 2018

Domestic car sales drive Tata Motors' volumes up 25% to 59,959 units in Jan

Tata Motors on Monday reported a 25.27 per cent increase in total sales at 59,959 units January.

Mahindra & Mahindra total sales dip 25% to 39,149 units in January

Auto major Mahindra & Mahindra (M&M) on Monday reported 25.49 per cent decline in total sales at 39,149 units in January. The company had sold 52,546 units in the same month last year, M&M said in a statement. In the domestic market, passenger vehicle sales were up 4 per cent to 20,634 units last month, compared to 19,797 units in January 2020. Exports increased by 30 per cent to 2,286 units in the month under review, as against 1,761 units in the year-ago month. In the commercial vehicles segment, the company sold 16,229 vehicles as against 30,988 units earlier, a dip of 47.62 per cent. "We have witnessed a growth of 5 per cent in utility vehicles for the month of January. We have also seen strong bookings fueled by continued demand," M&M Automotive Division CEO Veejay Nakra said. Supply shortage of micro-processor semiconductors continues to be a serious challenge for the auto industry, he noted. "Going forward we are working with our supplier partners to gear up ...

Ashok Leyland's auto sales jump 11% to 13,126 units in January

Hinduja group flagship firm Ashok Leyland on Monday reported an 11 per cent increase in total vehicles sales at 13,126 units in January. The company had sold 11,850 units in the corresponding month a year ago, Ashok Leyland said in a regulatory filing. Total domestic vehicles sales stood at 12,359 units in January against 10,850 units in the year-ago period, registering an increase of 14 per cent. Medium and heavy commercial vehicles (M&HCV) sales in the domestic market were down 2 per cent at 6,839 units last month as compared with 6,949 units in the year-ago month, it added. Light commercial vehicle sales in the domestic last month stood at 5,520 units as compared with 3,901 units in January 2020, up 42 per cent, the company said.

Margin pressures outweigh volumes, may keep Maruti Suzuki stock subdued

The company is cautious on passing on raw material cost hikes to protect volumes

Automobile Q3 results preview: Strong volume recovery to drive earnings

The sharp increase in prices of major commodities such as steel, aluminum, copper and rubber may dent auto industry's Q3 results

BMW aims to double electric vehicle sales in 2021, take fight to Tesla

BMW also said that including plug-in hybrids, it aims for a 50% increase in sales of electrified vehicles versus 2020

Nifty Auto index at over 2-year high on hopes of strong Q3 earnings growth

Nifty Auto index has jumped 8 per cent on a year-to-date basis in 2021

Tata Motors climbs 4%, hits 52-week high on improved earnings outlook

The stock has rallied 47 per cent in the past three months and 89 per cent in the last six months