Page 7 - Car Sales

Mercedes-Benz reports 38% drop in sales at 2,058 units in India for Q3

German luxury car maker Mercedes-Benz on Wednesday reported a 38.64 per cent drop in its sales at 2,058 units in India in the third quarter of the ongoing year but almost reached its pre-COVID sales level. The company had sold 3,354 units in the July-September quarter last year. Mercedes-Benz India said it is witnessing a V-shaped recovery of sales based on the Q3 performance, pointing to the beginning of a good festive season. The Q3 sales also almost reached pre-COVID level for the first time since lockdown. In the first quarter of 2020, sales were at 2,386 units as against 3,885 units in the year-ago period, down 38.58 per cent, the company said. Commenting on the sales performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said,"We are glad to witness a strong comeback in the course of the last quarter, with a significant increase from month-to-month within the third quarter." This performance is a result driven by the company's new product introductions, ...

Car sales in China shine as rest of the world reels from coronavirus

Sales of sedans, SUVs, minivans and multipurpose vehicles jumped 7.4 per cent in September from a year earlier to 1.94 million units

Tesla reports record 1,39,300 vehicle deliveries in Q3 despite pandemic

The company produced 1,28,044 Model 3 and Model Y vehicles and delivered 1,24,100 of those

Sales, aftersales showing very positive results: Lamborghini India Head

Optimism over Covid-19 vaccine and gradual opening of the economy has resulted in improved business outlook and is helping Italian super sports car maker Lamborghini generate new orders in India

Kia motors biggest gainer in August, captures 4.2% market share in India

Hyundai Motor India, the country's second-largest car manufacturer increased its market share to 19.44 per cent from 18.88 per cent. However, sales dropped to 34,699 units from 36,294 units

No freebies, cash discounts to cheer car buyers this festive season

Auto majors focus on finance schemes, enhanced digital experience instead

Honda Amaze crosses 400,000 cumulative sales milestone in India

Honda Cars India Ltd said its compact sedan Amaze has crossed 4-lakh cumulative sales mark in the country

Shift in sales towards cars priced below Rs 5 lakh: Maruti's R C Bhargava

It is nowhere near the company's average sales in a month. We are producing vehicles that constitute only 60% of our capacity in Gurgaon and Manesar, Bhargava said

Car sales far from normal monthly numbers: Maruti chairman R C Bhargava

The auto major is currently producing vehicles at 60 per cent of its installed capacity in the Gurugram and Manesar plants, Bhargava pointed out during an interview

Hyundai records over 1.5 mn visitors on its online car sales platform

Hyundai Motor India Ltd (HMIL) on Monday said its online car buying platform has recorded over 1.5 million visitors and over 20,000 enquiries since its launch in March this year

Maruti Suzuki's 3 reasons why rural mkts are doing better than urban areas

Buying sentiment in rural areas is also better due to good initial spell of rains in June which has led to a better sowing of the kharif crop

Compact SUV Hyundai Venue crosses 100,000 sales-mark since launch last year

Hyundai Motor on Friday said its compact SUV Venue has crossed the 100,000 sales-mark since its launch last year

Auto dealers are coming together to walk online trail to stay in the game

As carmakers and customers engage directly via digital channels of commerce, the country's 15,000-odd dealerships explore ways to stay in the game

Covid-19 impact: Zero sales for Maruti Suzuki in April as lockdown bites

The carmaker suspended operations from March 22, in line with orders from the government as India rushed to curb the spread of the virus

Maruti Suzuki car sales drop 47% in March; ends FY20 with 16% decline

Export sales were down 55 per cent to 4,712 units from 10,463 in the year-ago period

Top headlines: Maruti Suzuki car sales drop; PSBs merger now effective

From a 47 per cent drop in car sales for Maruti Suzuki in March to China banning big crowd events over the fear of new coronavirus wave, here are top headlines of the day

Domestic passenger vehicle sales decline by 7.61% in February: SIAM

Motorcycle sales last month declined by 22.02 per cent at 8,16,679 units as against 10,47,356 units in the year-ago period, it added

BS-VI transition, supply disruption due to virus put car sales in slow lane

Carmakers also forecast that a continuous shutdown in China due to the spread of coronavirus would start affecting supply chains

Automobile slump: Confidence remains elusive; car sales skid 4.6% in Jan

Overall vehicle sales down by 7.13% YoY in Jan to 290,879 units

Kia Motors sells 15,450 cars in January, retains 4th position in PV segment

The firm despatched 15,000 units of Seltos and 450 units of Carnival to dealers during last month, Kia Motors India said in a statement