Page 9 - Auto Sales

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Tata Motors gains 4%, nears 52-week high on strong December sales data

Tata Motors' total vehicle sales grew 21 per cent in domestic markets in December

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Tata Motors reports 21% rise in total vehicle sales to 53,430 units in Dec

Tata Motors on Friday reported a 21 per cent increase in total vehicle sales in the domestic market to 53,430 units in December. The company had sold 44,254 units in the domestic market in the same month last year, Tata Motors said in a regulatory filing. Domestic passenger vehicle (PV) sales stood at 23,545 units last month as against 12,785 units in December 2019, up 84 per cent, it added. "The PV industry continued to grow robustly in Q3 FY21, owing to pent up demand, strong festive season and shift towards personal mobility," Tata Motors President, Passenger Vehicles Business Unit, Shailesh Chandra said. The company's PV business has been witnessing the strong response to its 'New Forever' range, which is being supported by a continuous ramp-up of supplies, he added. Stating that retail sales were 18 per cent higher than wholesale for the month and pipeline inventory remains thin, Chandra said, "We are continuing to debottleneck the supply chain and ramp up our output to meet

Bulls reign on 1st day of 2021; Sensex ends 118 pts up at 47,869; PSBs gain

In the broader market, the S&P BSE MidCap and SmallCap zoomed 1 per cent and 0.9 per cent, respectively

Retail auto weakens in Dec due to lower discounts farmers protest: Report

Farmers protest, lower discounts, especially for passenger vehicles compared to last year coupled with exhaustion of pent up demand, among others, resulted in weak auto retail sales in December

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Volume uptick in FY22 to drive revenue, margin gains for Ashok Leyland

The company is expected to gain market share led by higher tonnage trucks

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

Diwali props up two-wheeler sales in November, top-six firms post 16% spike

Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

TVS Motor Company's domestic two-wheeler sales grow 30% in November

Motorcycle sales grew 26 per cent to 133,531 units.

Maruti Suzuki's November sales increase 1.7 per cent to 153,223 units

Automobile major Maruti Suzuki reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis

Passenger cars brightest spot in auto industry on high festive demand

Maruti and Tata Motors witnessed a strong demand.

Maruti Suzuki India sells more than 200,000 cars through online channel

The country's largest carmaker Maruti Suzuki India on Monday said it has sold over two lakh cars through the online channel. The company, which initiated its online sales platform around two years back, said the digital channel now covers nearly 1,000 dealerships across the country. "Since the introduction of this new digital channel in 2018, we have witnessed three times increase in digital enquiries and recorded sales of over 2 lakh units since April 2019. This digital channel has helped to generate over 21 lakh customer enquiries," Maruti Suzuki India Executive Director (Marketing & Sales) Shashank Srivastava said in a statement. Citing 'Google Auto Gear Shift India 2020 Report', he said nearly 95 per cent of new car sales in India are digitally influenced as per the customers first research online and then buy at the physical dealerships. While online experience provides the complete spectrum of information to the customers, at the last mile the customers seek assurance of the

As demand outpaces supply, Oct tractor sales up 9 per cent over last year

Good monsoon followed by good crop have given a fillip to demand for tractors

China's appetite for luxury cars is now a boon for eastern European nations

Slovakia and the Czech Republic, which make the most cars in the world per capita, have closed shops to tame second wave of Covid-19. Their factories, however, continue to churn out luxury vehicles

Diwali cheer for auto, durable makers as need for convenience drives sales

While retailers, manufacturers said that sales growth has been in double-digits for home and kitchen appliances during the Diwali period this year, car dealers say some models have stocked out

Fragile recovery: Retail auto sales contradict robust wholesale numbers

While automakers reported record growth in October sales, retail figures saw a fall

Maruti expands lead over rivals with 51% share, best ever sales in October

Shift towards petrol, entry-level vehicles and robust distribution in rural areas helps company to maintain pole position