Page 8 - Car Sales

Global carmakers set to firm up India strategy amid auto sales slump

The success of late entrants such as MG and Kia has encouraged them to give it a go

Tata Motors total global sales down 3% in Dec, despite PV sales rising 5%

Jaguar wholesale units for the month were 12,742 vehicles, while Land Rover wholesale stood at 37,259 units

Indian luxury car market to be flat in 2020, growth to return in 2021: Audi

Indian luxury car market, comprising top five players -- Mercedes, BMW, Audi, JLR and Volvo, witnessed a total sales of 40,340 units in 2018 and is expected to see a decline in 2019

Buying a car? Enjoy attractive festive-season discounts in December

But if you delay purchase to the new year, you will get a higher value on resale

Passenger vehicle production up 4%, signaling potential recovery in sector

Sales of passenger vehicles were only marginally lower in November at 263,773 vehicles, compared with 266,000 vehicles last year

Car sales drop again after festive season; industry pins hope on Dec demand

Maruti Suzuki reported sales of 150,630 passenger vehicles in the domestic market in November, down 1.9 per cent over 153,539 units in the corresponding month last year

Daimler seeks to save over $1.1 bn with job cuts at Mercedes-Benz business

Earlier this year, Daimler had said it hoped to achieve a return on sales of 3% to 5% at Mercedes-Benz Cars

Top 10 biz headlines: Mahindra JV with Ford, falling car sales, and more

From Mahindra and Mahindra announcing a joint venture with Ford to car sales falling again, here are the top 10 business headlines on Wednesday

Why the festival season may not bring much cheer despite tax cuts by govt

Car sales in August fell the most on record and Maruti Suzuki India Ltd

Festival bonanza: Two-wheeler firms go full throttle to chase customers

This is the last-ditch effort by automakers to shore up sales in a financial year that has been marked by poor purchases and production cuts

Corporate tax rate cut may not benefit auto buyers, say analysts

Tax cut may not translate into a price cut for auto buyers as companies have been taking a hit by doling out discounts and incentives to boost sales in a dull market

Slowdowns are the nurseries of capitalism, says Asha Ram Sihag

Sihag also took a swipe on the industry for calling it an unprecedented slowdown

UK car output slumps nearly 11% in July over weak export demand

Car demand has been hit by a number of factors in recent months including a slump in sales of diesel vehicles in Europe and weakening demand in China, the world's biggest automotive market

Maruti Suzuki launches new XL6 multipurpose vehicle at Rs 9.79 lakh

The XL6 will be available in five-speed manual and 4-speed automatic transmission options

Passenger vehicle sales fall for 9th consecutive month, drop 31% in July

Domestic car sales were down 35.95 per cent at 1,22,956 units as against 1,91,979 units in July 2018, according to data released by SIAM

Tata Motors, Mahindra cut production to align with tapering market demand

Home grown auto majors Tata Motors and Mahindra & Mahindra (M&M) are suspending automobile manufacturing in order to adjust production with market demand. M&M on Friday said it will be suspending production for 8-14 days in the ongoing quarter while Tata Motors also confirmed taking steps to align manufacturing with tapering demand. In a regulatory filing, M&M said it would be observing 'no production days' in various plants for 8-14 days during the second quarter of 2019-20. When contacted, a Tata Motors spokesperson said,"as indicated earlier, external environment remains challenging, leading to demand contraction. We have aligned our production to actual demand and adjusted the number of shifts and contractual manpower". The companies are announcing production suspension at a time when the domestic auto industry has been going through one of the longest sales slumps. In April-July, M&M's total domestic vehicles sales dipped 8 per cent to 1,61,604 units as ...

Auto sales in July fall for 9th consecutive month due to poor demand

Cumulative sales of India's top five manufacturers of passenger vehicles dropped by 30.6% to 172,992 units over July last year

Maruti, Hyundai skip rural slump, manage to increase sales in FY19

Hyundai's rural sales were 17.3 per cent of its FY19 total, as against 15.6 per cent a year before

Domestic car sales slump continues in June; only Mahindra posts 4% growth

Combined sales of top six passenger vehicle makers dropped 16.3 per cent to 206,115 units compared to the same month a year ago

Tata Motors sales down 14% at 49,073 units in Jun; PV segment takes 27% hit

Passenger vehicle sales in domestic market dropped by 27 per cent to 13,351 units as compared with 18,213 units in June 2018