Page 8 - Automobile Sales

Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units

Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October

Bajaj Auto reports 11% jump in total sales at 512,038 units in Oct

Bajaj Auto Ltd on Monday reported an 11 per cent increase in its vehicle sales

Navratri sales: Cars zoom past sales goalposts, two-wheelers trudge along

Car market leader Maruti Suzuki India delivered around 85,000 to 90,000 cars as against 60,000 to 65,000 it delivered last year, said an industry source

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Maruti Suzuki's compact SUV Brezza logs 550,000 sales in 4.5 yrs of launch

The country's largest carmaker Maruti Suzuki India on Tuesday said its compact SUV Vitara Brezza has crossed 550,000 units cumulative sales milestone within 4.5 years of launch

Sales recovery 'tactical' due to pent-up demand, not sustainable: MG Motor

Recovery seen in auto sales in the past couple of months is not a sustainable one and there is a question mark on how the industry would fare next year as the sector is hugely linked to the economy

Maruti Suzuki's total sales grow 31% in September to 160,442 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported a 30.8% increase in total sales at 160,442 units in September

Morris Garages Motor reports 3% decline in retail sales in September

MG Motor India on Thursday said it has recorded 2.72 per cent decline in its September retail sales at 2,537 units

Automobile sales may fall 20-25% this fiscal, says India Ratings

Rating agency Ind-Ra expects automobile sales to decline by 20-25% this fiscal against its earlier forecast of 22-25% on account of increasing preference for personal mobility

Global automobile sales forecast to fall by 20% this year, says S&P

Global light vehicles sales are expected to fall by 20 per cent this year compared with 2019 following sales and production disruption due to the COVID-19 pandemic, S & P Global Ratings in a report published on Friday."This new forecast follows a first-half 2020 sales slump of 25 per cent, an unprecedented shock for the global industry," said S & P Global Ratings analyst Vittoria Ferraris."We project global vehicle sales to expand 7 to 9 per cent both in 2021 and 2022, meaning that light vehicle sales two years from now will still be 6 per cent below 2019 volumes."Any upside to our sales scenario will stem mainly from the Chinese market, the most dynamic but least predictable among the main global auto markets, said Ferraris adding that China may be the only market to catch up with 2019 volumes by the end of 2022.S & P said its global auto sales forecast is more conservative than general market standards.But it deems it consistent with the pandemic-related dramatic squeeze

Passenger vehicle sales increase 14% in August to 215,916 units: SIAM

Passenger vehicle sales in India increased by 14.16 per cent in August to 2,15,916 units as against 1,89,129 units in the same month last year, auto industry body SIAM said

Maruti, Tata Motors: Auto stocks likely to gain as August sales improve

Despatches at India's top two carmakers - Maruti Suzuki India (MSIL) and Hyundai Motor India (HMIL) - zipped past not only the pre-Covid phase

Bajaj Auto posts 9% fall in total sales in August with 356,199 units sold

Bajaj Auto on Wednesday reported a 9 per cent fall in its total vehicle sales at 3,56,199 units in August

New vehicle registrations plunge 36% in July; PV retail sales down 25.19%

Dealers say full-year outlook remains negative with a projected contraction in retail sales of 15-35% across all segments, save tractors

Toyota Kirloskar sales decline 48% in July; Hyundai records 28% drop

"Despite various challenges, the month of July witnessed better sales in terms of both retail and wholesales when compared to June," TKM Senior Vice-President said

Auto Q1 preview: Tractor, two-wheeler companies may buck the slowdown trend

Analysts at Nirmal Bang Institutional Equities expect Maruti Suzuki to post a loss for the quarter under review, led by 80 per cent sequential sequential dip in volume and negative operating leverage

Royal Enfield records 35% decline in sales at 38,065 units in June

Niche bike maker Royal Enfield has reported a 35 per cent decline in total sales at 38,065 units in June. The company had registered total sales of 58,339 units in the same month a year ago, Royal Enfield said in a late night statement on Wednesday. Domestic sales in June were at 36,510 units as against 55,082 units in the year-ago month, down 34 per cent, it added. Exports last month were at 1,555 units as compared with 3,257 units in June 2019, a decline of 52 per cent, it said.

Auto stocks in top gear despite sales de-growth due to Covid-19

In May, the S&P BSE Auto index gained 5.6 per cent as compared to 3.8 per cent decline in the S&P BSE Sensex.

RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs

Rise in group exposure limits to help large corporates

Royal Enfield starts production at Chennai, 120 dealers back in business

Two other plants to start in a phased manner; 100 more dealers likely to get back this month