Page 6 - Automobile Sales

China Jan auto sales post first monthly rise after eight months of falls

Sales of new energy vehicles (NEVs) in January reached 431,000, for an annual increase of 135.8%, according to the data

Flattish so far, market for three-row, seven-seater SUVs heats up

With prices starting from Rs 899,000, Kia launches the Carens

TVS Motor Q3 net up 9% to Rs 288 cr, revenue at all-time quarterly high

The company's operating EBITDA margin stood at 10 per cent during the period under review as against 9.5 per cent during the third quarter ended December 2020

Chip crunch, pandemic, high costs drag Dec qtr auto sales to multi-year low

The auto industry body expects current quarter to be better but stops short of sharing any guidance owing to pandemic related uncertainties

Tata Motors, Bajaj Auto: Near-term headwinds may keep auto shares volatile

Going ahead, analysts at Motilal Oswal Financial Services see easing semiconductor supplies supporting PV wholesales, but the two-wheeler segment will take time to recover

High prices of automobiles likely to persist during next year: Report

High prices of automobiles are likely to persist at elevated levels even during 2022, said Grant Thornton Bharat in a report.

Prolonged waiting period due to chip crunch can harm demand: Maruti Suzuki

Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November. "The bookings show that the demand continues to be quite robust, both in terms of inquiries and the bookings, but now availability is an issue and waiting periods have gone up," Maruti Suzuki India Ltd (MSIL) Senior Executive Director (Marketing & Sales) Shashank Srivastava. He further said, "So we are a little bit afraid that the longer waiting periods will affect the demand pattern and it can have a negative impact." Depending on models and variants the waiting period can range from weeks to months in the domestic passenger ..

Automobile sales affected in past 2 years due to Covid-19: Govt informs LS

Automobile sales have been affected in the last two years due to the spread of the COVID-19 pandemic, said the Ministry of Heavy Industries in a written reply in Lok Sabha on Tuesday."Sales of automobiles have been affected in the last two years due to the spread of the Covid-19 virus in the country. Production and sales of automobiles have been impacted due to lockdown imposed to contain the spread of the infection," the ministry said.This came after Chellakumar (MP) asked the ministry whether manufacturing of automobiles has been reduced and the automobiles sales have also declined due to the spread of the COVID-19 virus in the country.In a written reply to the measures being taken by the Government to tackle this situation, the ministry said, "The Government, as a policymaker, always attempts to sustain and improve the momentum of the economy through a package of measures for comprehensive and continued development of the sector.""The Government has notified the Production Linked ..

Kerala-based Popular Vehicles and Services plans entry in west, north

The company said it will focus more on the services segment of the business rather than sales, going ahead

Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

Current festive season worst in decade: Automobile dealers' body FADA

The industry body said the chip shortage situation has impacted offtake in the passenger vehicle segment

Navratri sales: Chip shortage dents PV retails, 2-wheelers see weak demand

High acquisition cost dissuades motorcycle and scooter buyers this festive season, while carmakers have been unable to cater to the demand owing to chip shortage

MG Motor India reports 28% rise in retail sales in Sept despite chip crisis

MG Motor India on Friday reported 28 per cent increase in retail sales at 3,241 units in September 2021 despite facing production challenges due to semiconductor shortage.

Nissan reports over three-fold increase in domestic sales in September

Automaker Nissan India on Friday said its domestic wholesales rose over three fold to 2,816 units in September, up from 780 units in the same month of last year

Auto volumes likely to rise 12-16% this fiscal: India Ratings report

Auto volumes are expected to rise 12-16 per cent year-on-year this fiscal, as against the earlier estimate of 16-20 per cent, India Ratings Research (Ind-Ra) said in its latest auto outlook.

Top headlines: Car sales skid, Prosus joins top global investors, and more

From vehicle sales taking a beating in August to Jet Airways' plans to resume service by early 2022, Business Standard brings you the top headlines at this hour

India auto retail sales up 34% in July as Covid-19 restrictions ease

Passenger vehicle sales rose by 63 per cent to 2,61,744 units last month, as compared to 1,60,681 units in July 2020.

Automobile sales skid in May as coronavirus second wave bites hard

Major automobile manufacturers like Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors and Toyota Kirloskar on Tuesday reported decline in domestic passenger vehicle sales in May compared to the previous month as a spike in COVID-19 cases and lockdowns across various states hit production and dispatches. The country's largest carmaker Maruti Suzuki India (MSI), which shut production from May 1 to May 16 so as to divert oxygen from industrial use for medical purposes, reported domestic dispatches to dealers at 35,293 units last month, down 75 per cent from 1,42,454 units in April. The company said sales of its mini cars, comprising Alto and S-Presso, declined by 81 per cent to 4,760 units in May as against 25,041 units in April this year. Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April. Likewise, utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, declined ..

TVS Motor sales down 30% in May to 166,889 units over April's 238,983 units

TVS Motor Company on Tuesday reported sales of 1,66,889 units in May, down 30 per cent from 2,38,983 units sold in April this year

Hyundai Motor total sales dip 48% to 30,703 units in May over April

Hyundai Motor reported total sales of 30,703 units in May, a decline of 48% from 59,203 units it had sold in April this year as coronavirus-induced restrictions across states hit dispatches to dealers