November Auto Sales

Two-wheeler growth was driven by better supply, new models, and strong rural demand, though finance constraints and rising EV competition posed challenges

The preceding week ended on a positive note for equity benchmarks. On Friday, the BSE Sensex surged 0.96 per cent to close at 79,802.79, while Nifty also gained 0.91 per cent to settle at 24,131.10

On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%

With a record October month behind, the country's largest carmaker Maruti Suzuki India is banking on a "few lakhs marriages" slated for November to carry forward the festive sales momentum, according to a senior company official. The company clocked retail sales of 2,02,402 units last month, which is its highest for any October month on the back of festive sales, breaking the previous record of 1,91,476 units posted in October 2020. "We are made to understand that some 'few lakhs' marriages are being planned across the country (in November). So we are pretty hopeful that it will also give us good traction in terms of our retail sales," Maruti Suzuki India Ltd Senior Executive Officer, Marketing and Sales, Partho Banerjee told PTI. He was responding to a query on whether the company would be able to carry on the momentum of festive season sales for the next few months. "We have to see actually but we feel there are a good number of marriages this time in the month of November. The .

Tata's commercial vehicle sales stood at 28,029 units in November 2023, which was down 4 per cent year-on-year from 29,053 units sold in November 2022

Bajaj Auto also reported an impressive jump of 81% Y-o-Y for commercial vehicles, which went up from 177,671 to 321,140 units for November 2023

Stocks bearing breakout on moving averages, price strength and technical indicators are ready to see steady upside of up to 9 per cent

Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations

Honda Cars India on Tuesday reported a 55 per cent increase in domestic sales at 9,990 units in November. The company had sold 6,459 units in the domestic market in November 2019, Honda Cars India Ltd (HCIL) said in a statement. Exports stood at 31 units last month, it added. "The festive season this year was good for us with sales improving by 55 per cent in November and contributing to overall industry growth. "With new and refreshed model line-up along with lucrative offers for consumers, we were able to leverage festive demand and register good sales," HCIL Senior Vice President and Director (Marketing & Sales) Rajesh Goel said. While the Amaze continues to show strong market performance, the all new City has been fuelling the demand in the mid-size sedan segment since its launch and maintaining its leadership position month after month, he added. "Although there are continuing challenges of pandemic and its impact on overall consumer sentiment, the rise in personal mobility

In a rare show, all segments of the automobile industry showed double-digit sales growth in November, thanks to the demonetisation-led low base of November 2016. Passenger vehicles (PVs), usually the star performer, grew 14 per cent, lowest among all segments. Two-wheelers grew 23 per cent."December data will also reflect the impact of last year's low base," said Sugato Sen, deputy director general at the Society of Indian Automobile Manufacturers (Siam).Data issued by Siam on Monday shows sale of PVs (cars, vans and utility vehicles) grew 14.3 per cent to 275,417 vehicles. Growth was driven by Maruti Suzuki, Hyundai and Mahindra & Mahindra, all with double-digit volume rises. Total two-wheeler sales in November rose 23.5 per cent to 15,35,277 units from a year before. Motorcycle sales last month increased 23.25 per cent to 959,122 units. Market leader Hero MotoCorp had domestic sales of 510,749 units as against 414,709 units in the year-ago month, up 23.1 per cent.Scooters, the ..