Page 5 - Car Sales

Kia India reports 76% increase in sales at 15,016 units in July

Automaker Kia India on Monday said its sales increased by 76 per cent to 15,016 units in last month as compared with 8,502 units in July 2020. The company dispatched 7,675 units of Sonet, 6,983 units of Seltos, and 358 units of Carnival last month to dealers. The brand also crossed the one lakh sales mark in 2021, indicating an improving market sentiment. "In these tough times, the relentless efforts of our teams and partners have enabled Kia India to achieve a healthy sales momentum in 2021. We are optimistic that the future will witness an uptick in demand for personal mobility with the ease in COVID-19 curbs and heightened vaccination drive across the country," Kia India Chief Sales and Business Strategy Officer Tae-Jin Park said in a statement. The company is also expecting that the supply chain of the auto industry will be further streamlined in the upcoming weeks, he added. "In line with this commitment, we have recently announced a wave of finance schemes for our customers

Car sales can grow significantly if we avert third wave: Maruti Chairman

The performance in the next three quarters largely depends on how effectively all our citizens follow the government's advice to get vaccinated and observe safety protocols, says R C Bhargava

Maruti Suzuki reports 50% increase in July sales at 1,62,462 units

The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 50 per cent increase in sales at 1,62,462 units in July.

Toyota Kirloskar to increase Innova Crysta prices by up to 2 from August

Toyota Kirloskar Motor (TKM) on Thursday said it will increase prices of its multi purpose vehicle Innova Crysta by up to 2 per cent with effect from next month.

Used-car market to more than double to 8.2 mn units by FY'26: Report

The pre-owned car market is set to more than double to 8.2 million units or $47 billion over the next five years ending FY'26 from 4 million in FY'21 or $17 billion

Mahindra recalls around 600 vehicles to fix diesel engine issues

Mahindra & Mahindra (M&M) on Monday said it is recalling around 600 vehicles manufactured at its Nashik plant to inspect and replace faulty diesel engines. The Mumbai-based auto major said it is undertaking proactive inspection and replacement of diesel engines in some of its vehicles manufactured at Nashik factory for suspicion of premature wear of engine parts due to contaminated fuel that was received in the factory on a particular date and was filled in the select batch. The exercise is for a limited batch of less than 600 vehicles manufactured between June 21 and July 2, 2021 and is keeping in line with the company's customer centric approach, M&M said in a regulatory filing. The inspection and subsequent rectification will be carried out free of cost for all customers, who will be individually contacted by the company, it added. The auto major, however, did not elaborate on the models which would fall under the exercise. The company sells various popular models in ...

Hyundai Motor India receives over 11,000 bookings for Alcazar model

Hyundai Motor India on Monday said it has received over 11,000 bookings for its recently launched model Alcazar. Launched less than a month ago, the premium SUV has already garnered over 11 000 bookings, the auto major said in a statement. "This superlative response showcases our customer's affinity towards a high value, versatile and premium package that Hyundai Alcazar epitomizes perfectly," Hyundai Motor India Director (Sales, Marketing and Service) Tarun Garg said. The company has already delivered over 5,600 units of the model in the market, he added. "With the addition of this 6 and 7-seater SUV to our line up, we are now offering our valued Indian customers a stellar range of multiple SUVs which will help us to further fortify our SUV leadership in India," Garg noted. The automaker said that 63 per cent of bookings are for the SUVs diesel trims, indicating strong customer acceptance for the fuel efficient 1.5 litre diesel CRDi engine. Additionally, Hyundai has received one

June auto sales: MG Motor India reports retail sales of 3,558 units

MG Motor India on Thursday reported retail sales of 3,558 units in June

Chinese automaker Great Wall Motor aims to sell 4 million cars in 2025

China's top pickup truck maker Great Wall Motor is targeting sales of 4 million vehicles a year in 2025, Chairman Wei Jianjun said on Monday

Pre-war cars sell for roaring numbers at 2021's first major auction

Together the two auction houses that sold during the annual car show off the coast of Florida amassed sales of $61.3 million

Second wave of Covid-19 interrupted auto sales momentum in Q3-Q4: Ind-Ra

The second wave of the Covid-19 pandemic has interrupted the sales momentum recorded by the automobile industry in Q3-Q4 FY21, India Ratings and Research (Ind-Ra) said on Tuesday

Used luxury car market on a roll as volumes slowly accumulate

Martin Schwenk, country head for Mercedes-Benz, says the ratio of used Mercs to new ones is 1:4 - that is 25 per cent of all its car sales, underscoring the importance of the segment

Mercedes-Benz India's first quarter sales rise 34% to 3,193 units

Mercedes-Benz India reported a 34 per cent jump in car sales at 3,193 units in the first quarter of 2021 over the year-ago period, owing to strong sales in the first two months of the current year

Bajaj Auto reports sale of 3,69,448 units in March amid Covid-19 disruption

Bajaj Auto on Friday said its total sales stood at 3,69,448 units in March.

Major auto firms log robust sales in March on pent up demand

Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020. Both dispatches and production were hit last year due to the COVID-19 pandemic. "Domestic sales in March 2020 had dropped about 48 per cent due to COVID related disruptions. It will be seen that domestic sales in March 2021 have only recovered to March 2019 levels," MSI said in .

India's largest carmaker Maruti Suzuki reports March sale at 167,014 units

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported total sales of 1,67,014 units in March

Toyota Kirloskar sells 15,001 units in March, highest in the month in 8 yrs

Toyota Kirloskar Motor on Thursday said it sold a total of 15,001 units in March, registering the highest ever domestic sales in the month of March since 2013

Maruti Suzuki to substantially increase vehicle prices from April

Maruti Suzuki India (MSI) on Monday said it will "substantially" increase the prices of its entire product portfolio from next month in order to offset the impact of high input costs.

Vehicle scrapping policy: Experts say scheme not sales bonanza for firms

Actual number of vehicles available for scrapping 'a fourth of govt estimates'

Skoda hitches a ride on mid-size SUV Kushaq to drive up India volumes

Czech carmaker eyes 6x jump in volumes by 2025