Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday
VE Commercial Vehicles Ltd on Thursday reported a 4.4 per cent growth in total sales at 5,003 units in August 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 4,793 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement. Sales of Eicher branded trucks and buses were at 4,893 units last month as against 4,667 units in the year-ago period, a growth of 4.8 per cent. Domestic sales of Eicher trucks and buses stood at 4,530 units as compared to 3,864 units in August 2021, while exports were at 363 units, down from 803 units earlier. Volvo trucks and buses posted sales of 110 units in August 2022 as compared to 126 units in the same month last year, down 12.7 per cent, the company said.
Mahindra & Mahindra on Thursday reported an 87 per cent increase in domestic passenger vehicles sales at 29,852 units in August. The company had sold 15,973 units in the same month last year, M&M said in a regulatory filing. Sales of cars and vans were at 336 units in the month under review, up from 187 units in the year-ago month. In the commercial vehicles segment, the company said it sold 21,492 vehicles in August 2022, as against 8,814 units in the same month last year. M&M President, Automotive Division Veejay Nakra said the demand across the company's portfolio remained strong and new launches such as Scorpio-N, Scorpio Classic and new Bolero MaXX Pik-up also helped in driving growth. "The supply chain situation continues to remain dynamic for select product lines and we are taking appropriate actions to minimize impact," he added. In the tractors segment, M&M said total sales grew marginally to 21,520 units last month, as compared to 21,360 units in August ...
Company says its performance is a good sign for the Indian automotive market
Market for entry-level passenger cars, two-wheelers and three-wheelers yet to recover
The auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road
Two-wheeler, tractor sales contract as people put off making expensive purchases before festival season in August
Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors
Maruti Suzuki India Ltd on Monday reported an 8.28 per cent increase in total sales to 175,916 units in July 2022
Tata Motors on Monday reported a 51.12 per cent increase in total sales at 81,790 units in July 2022, driven by the strong performance of its passenger vehicles in the domestic market
Hyundai Motor India Ltd (HMIL) on Monday reported 6 per cent increase in total sales at 63,851 units in July 2022. The company had sold 60,249 units in the same month last year. Domestic sales were at 50,500 units last month as against 48,042 units in July 2021, a growth of 5.1 per cent, HMIL said in a statement. Exports grew 9.4 per cent at 13,351 units as compared to 12,207 units in the year-ago month, it added. "With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends riding on the green shoots of pent-up demand and customer desire towards personal mobility," HMIL Director (Sales, Marketing & Service), Tarun Garg said. The company's newly launched SUV Tucson has also received strong customer response, he said adding, "We remain optimistic towards the future prospects of the Indian auto industry.
Mahindra & Mahindra Ltd on Monday reported a 33 per cent increase in domestic passenger vehicles sales in July this year at 28,053 units, driven by its utility vehicles. The company had sold 21,046 units in the same month last year, Mahindra & Mahindra (M&M) said in a regulatory filing. Domestic utility vehicle sales during the month were at 27,854 units, as against 20,797 units in the year-ago month, a growth of 34 per cent, it added. On the other hand, sales of cars and vans were down 20 per cent at 199 units, as compared to 249 units a year ago, M&M said. M&M President, Automotive Division, Veejay Nakra said the company witnessed robust demand for its brands, including XUV700, Thar, Bolero and XUV300. "The supply chain situation continues to remain dynamic, and we are monitoring the situation closely," he added. M&M said sales of commercial vehicles were at 20,946 units last month, as against 17,666 units in the year-ago month, a growth of 18.56 per ...
MG Motor India on Monday reported a 5 per cent decline in retail sales at 4,013 units in July as production impacted by supply chain constraints
Bajaj Auto on Monday reported a 5 per cent drop in its total two-wheeler sales at 3,15,054 units in July 2022
Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season compared to the last two years when Covid-19 pandemic overshadowed the festive cheer. Federation of Automobile Dealers' Association (FADA) president Vinkesh Gulati had termed 2021 festive season as the "worst" in a decade in terms of business of its retail partners. In an interaction with PTI, Gulati said this time the demand is "too good", except for the non-electric two-wheeler segment which remains the "biggest stress" on the industry owing to a host of factors. "If I compare with the last two years, you will find at least double the model launch during the festive season. Moreover, we are seeing a lot of electric vehicles being launched also. So you will find a lot of launches (ahead of the festive season)," Gulati told PTI. However, most of the new vehicle launches are expected to be in the compact SUV or SUV segment, he said and emphasised that "90 per cent of the launches
The company's global sales of all passenger vehicles were at 2,12,914 units, up from 1,61,780 units in June quarter of FY22
The Hyryder comes with two powertrains -- Neo Drive and Self-charging Strong Hybrid Electric powertrain
Audi India had retailed 1,181 units in the same period last year
Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster
Hero MotoCorp, Maruti Suzuki, M&M, Bosch and TVS Motor gain up to 13% in a week