Page 3 - Automobile Sales

M&M reports 60% rise in domestic passenger vehicle sales at 32,298 units

Mahindra & Mahindra Ltd on Tuesday reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement. Utility vehicle sales were at 32,226 units, as against 20,034 units in the year-ago month, a growth of 61 per cent, it added. However, car and van sales were down 25 per cent at 72 units, from 96 units in October 2021. "Our sales volume continued to grow in October on the back of strong festive demand," M&M President, Automotive Division Veejay Nakra said. M&M said in the commercial vehicles segment, it sold 20,980 units in October 2022. Total tractor sales were higher by 11 per cent at 51,994 units last month as compared to 47,017 units in October 2021. Domestic tractor sales were at 50,539 units as against 45,420 units in the same month last year, a growth of 11 per cent, while exports were down 9 per cent at 1,455 units as .

Hyundai Motor India sales increase 33% at 58,006 units in October

Hyundai Motor India on Tuesday reported a 33 per cent increase in total sales at 58,006 units in October. The company had dispatched 43,556 units to dealers in October last year, HMIL said in a statement. Domestic sales increased 30 per cent to 48,001 units last month as compared to 37,021 units in October 2021. Exports grew 53 per cent to 10,005 units as against 6,535 units in the year-ago month.

Maruti Suzuki India Q2 net profit jumps 334% YoY to Rs 2,112 crore

Chip supply resolution, favourable forex rate and record sales drive growth

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis

Porsche India reports 37% rise in sales to 193 units in third quarter

Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022. The company had retailed a total of 141 cars in the third quarter of 2021, according to Porsche India. Retail sales of 193 units during the third quarter helped Porsche India reach 571 deliveries so far in 2022, surpassing the previous best full-year total of 534 units delivered in 2013, it said in a statement. On a consolidated basis, it has delivered 71 per cent growth in its car sales in the first nine months -- January-September -- of the current year, it added. Porsche India, which is a part of the Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL), had retailed a total of 378 cars in the domestic market in the first half of this year. "By stimulating the market with Porsche Exclusive Manufaktur (programme) showcases through our dealerships, we have generated a buzz that will help carry the momentum into the fourth quarter and next year," said Manoli

Mercedes-Benz India sees accelerated growth in top-end car sales

Mercedes-Benz India has said it is witnessing an accelerated growth in sales of its top-end cars priced above Rs 1 crore, having sold 68 per cent more such vehicles in the first nine months of 2022. According to the company's Vice President - Sales and Marketing - Santosh Iyer, the company, which sold 11,469 units in the January-September period this year surpassing what it sold in the whole of 2021, has seen 30 per cent of its sales coming from its top-end vehicles. Mercedes-Benz India had sold a total of 11,242 units in 2021. "If I look at it internally, we are seeing 68 per cent growth in our TEV segment, which is our top-end luxury segment, compared to the overall growth of 28 per cent. Today, 30 per cent of our sales are in top-end vehicles, cars above Rs 1 crore price. So, that shows again the maturity of the Indian luxury car market," Iyer told PTI. Earlier, the luxury car market was more driven by entry level cars but today the mix is changing and the maturity is much highe

Automobile sales in entry level segments remain lukewarm, says SIAM

The sales of two wheelers in Q2 in FY23 at 4,674,000 units still remained below its FY17 levels. But, when compared to Q2 of FY22, it was 13 per cent high

Passenger vehicle wholesales surge 92% in Sep on robust festive demand

Riding on the back of strong festive season demand, passenger vehicle wholesales in India increased 92 per cent to 3,07,389 units last month, as compared to the same month last year, auto industry body Society of Indian Automobile Manufacturers said on Thursday. Passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 13 per cent to 17,35,199 units, as compared to 15,37,604 vehicles in September 2021. Motorcycle sales rose 18 per cent to 11,14,667 units, as against 9,48,161 units in September 2021. Scooter sales were up 9 per cent to 5,72,919 units, from 5,27,779 vehicles a year ago. In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal. Similarly, total two-wheeler sales rose 13 per cent to 46,73,931 units, as compared with 41,36,4

Mercedes-Benz reports 28% rise in sales in India at 11,469 units in Jan-Sep

German luxury carmaker Mercedes-Benz on Wednesday reported a 28 per cent rise in sales in India at 11,469 units in the January to September period this year, surpassing what it sold in the whole of 2021. The company had sold 8,958 units in the same period last year, Mercedes-Benz India said in a statement. "Our sales are at pre-pandemic level, having crossed CY 2021 sales numbers in the first nine months this year. The current market momentum gives us the confidence for striving to achieve our highest sales ever," Mercedes-Benz India Managing Director & CEO Martin Schwenk said. Mercedes-Benz India had sold a total of 11,242 units in 2021. The sales growth witnessed this year so far is despite supply shortages and has been on the back of a "young product portfolio, resurgent customer sentiment scaling up businesses and the ongoing festive period", the company said. The total order bank of Mercedes-Benz India as of September 2022 is over 7,000 units, it added. The company said high

Auto sales up 57% during Navratri as all categories put up strong show

Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

Automobile retail sales rise 11% in Sep on festive fervour, better supplies

Automobile retail sales in India rose 11 per cent in September as better supplies from manufacturers enabled dealers to ramp up customer deliveries amid the ongoing festive period, Federation Of Automobile Dealers Associations said on Tuesday. Last month, total retail sales stood at 14,64,001 units as compared to 13,19,647 units in September 2021. FADA noted that October is expected to witness even better overall sales due to the festive season further gathering steam. "Dealers anticipate this to be the best festive period in a decade for the passenger vehicle segment as we anticipate even higher sales during the month," it said. Barring tractors and some three-wheeler trims, all other segments like passenger and commercial vehicles and two wheelers performed better in September as compared to the year-ago period. Passenger vehicle retails increased 10 per cent to 2,60,556 units last month as against 2,37,502 units in September 2021. "Better availability of cars due to easing ..

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

TVS Motor sales increase 9% in Sept with 379,011 units amid festival season

Domestic two-wheeler registered a growth of 16 per cent, with sales increasing from 244,084 units a year ago to 283,878 units in September 2022

Honda Cars' domestic PV sales jump 29% to 8,714 units in September

The company's product range includes Honda Jazz, Honda Amaze, Honda WR-V, Honda City and Honda City e:HEV

Chip crunch driving used-vehicle sales, Shriram Automall revenues up 52%

Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice

People opting for scrapping should get discount on new vehicles: Gadkari

Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister

Automobile retail sales in India increase by 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. Passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-ago month, a growth of 6.51 per cent. Two-wheeler (2W) retail sales also grew by 8.52 per cent at 10,74,266 units in August 2022 as against 9,89,969 units in the same month last year, it added. FADA said the three-wheeler (3W) segment witnessed the highest growth rate last month posting 83.14 per cent increase at 56,313 units, up from 30,748 units in the same month a year ago. Commercial vehicles (CV) also witnessed a robust 24.12 per cent growth at 67,158 units as against 54,

Healthy order book, launches to help Maruti take the growth wheel

Market share, margin recovery remain key triggers for the stock, say brokerages