Page 3 - Car Sales

July auto sales rise 10% YoY as chip availability improves: SIAM

Market for entry-level passenger cars, two-wheelers and three-wheelers yet to recover

Auto industry expects car sales on fast lane on back of new launches

Auto industry expects car sales to be on the fast lane this festive season on back of new launches and improved production but is cautiously optimistic on the road ahead once the festivities peter out

Maruti Suzuki could not produce 51k units due to chip shortage in Q1: CFO

The country's largest carmaker, which sold a total of 4,67,931 vehicles during the June quarter, noted that the semiconductor shortage is a challenge in planning its production activities.

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

Porsche India sales up two folds at 378 units in first half of 2022

Luxury carmaker Porsche India on Monday reported an over two-fold jump in sales at 378 units in the first half of 2022

BMW Group India reports 64.2% rise in car sales in Jan-Jun period

BMW Group India on Wednesday reported 64.2 per cent growth in its car sales at 5,570 units in the January-June period of 2022. The BMW brand posted sales of 5,191 units during the period, a growth of 65.4 per cent while the MINI clocked 379 units, an increase of 50 per cent over the comparable period last year, the group said in a statement. The group's luxury motorcycle brand BMW Motorrad registered sales of 3,114 units at a growth of 56.7 per cent in the first half of 2022, it added. "Against all odds, BMW Group is taking rapid and consistent strides in India. Despite the turbulences caused by various factors in the domestic and international market, we have achieved the best-ever half-yearly sales performance for BMW, MINI and BMW Motorrad," BMW Group India President Vikram Pawah said. He further said, "This success underpins the enormously strong demand for BMW Group products in the luxury car and premium motorcycle segment in India." Reiterating the group's commitment towards

Maruti Suzuki June sales at 122,685 units, down 1.2% due to chip crunch

However, if sales of Baleno and Brezza models to Toyota Kirloskar and of LCV Super Carry are included, the dispatches were up from 130,348 units a year ago to 132,024 units last month

M&M drives in Scorpio-N, hopes to stay in top gear with 'disruptor SUV'

Company expects car will impress buyers considering premium offers like Toyota Fortuner, Jeep Meridian and MG Gloster

Hyundai total sales at 51,263 units in May; exports at 8,970 units

The company's two plants in Chennai observed the scheduled biannual maintenance shutdown leading to no production for six days in the month (May 16-21), the automaker said in a statement.

Utility vehicles' share in sales expected to rise steadily: Fitch Ratingss

Share of utility vehicles in car sales expected to be on an upward trajectory amid growing popularity of such vehicles and automakers' reduced focus on compact hatchbacks owing to rising production

PV dispatches dip 4% in April as supply challenges remain, says SIAM

Total passenger vehicle domestic wholesales stood at 251,581 units last month as compared to 261,633 units in April 2021

Honda Cars reports 13% dip in domestic sales to 7,874 units in April

Honda Cars India Ltd (HCIL) on Sunday reported a 13 per cent decline in domestic sales to 7,874 units for April.

Supply chain worries for auto sector to continue even as demand improves

Industry fears Russia-Ukraine war will further dent recovery prospects as supply chains will be disrupted further

Car sales in India rise but automakers warn of supply chain disruptions

Tata Motors, which is also India's largest electric carmaker, reported its highest ever annual sales of passenger vehicles, up 67% to 370,372 units from a year ago

Skoda reports best monthly sales in March; dispatches rise to 5,608 units

Skoda Auto India on Friday reported a five-fold increase in its sales to 5,608 units in March compared to 1,159 units in the same month last year.

Maruti Suzuki plans to take car subscription business to more cities

The company is getting more than 7,000 enquiries every month. But the conversion rate is low with 100-110 enquiries getting converted to actual order and Maruti wants to improve that

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

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

Maruti Suzuki opens bookings for its hatchback Baleno; know details here

Customers can book the new Baleno with a payment of Rs 11,000

Toyota Kirloskar Motors temporarily stops bookings for newly launched Hilux

Toyota Kirloskar Motors on Thursday said it has temporarily stopped bookings for its newly launched premium utility vehicle Hilux, considering various factors impacting the supply

Kuwy launches a platform for complete online car sales process

Automotive fintech startup Kuwy on Thursday said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders. The Chennai-based company, which is a subsidiary of Volkswagen Finance, introduced - KUWYLaaS, an AI-driven platform with block chain technology to complete car sales online. In addition to democratising online car sales with complete transparency, the technology provides greater level of information to power the choice as well as right decision making for all three - seller, buyer and lender. "KUWYLaaS will jump start the journey of online car retailing in India. The technology innovation in the KUWYLaaS will not only eliminate all the challenges associated with online car sales today but also provide deeper insights that will enable the completion of online transactions," Kuwy CEO & Co-Founder B Ganesh Kumar noted. The platform allows a customer to select finance options, choosing a lender and getting instant approval