Page 4 - Auto Sales

Hero MotoCorp reports 26% jump in total sales to 574,930 units in October

Hero MotoCorp expects the demand to remain optimistic on the back of the recent product launches in the premium segment and the ongoing festive season

Toyota Kirloskar Motor reports 66% jump in sales in October to 21,879 units

Earlier this year, media reports stated that Japanese auto major Toyota is looking to set up a third manufacturing plant in India

M&M reports highest-ever SUV, commercial vehicle monthly sales in October

In the utility vehicle segment, Mahindra recorded the highest sales for the fourth consecutive month

India recorded flat car and SUV sales in Navratri this year: Report

Between Shraadh and Navratri this year, the total car sales were around 330,000 units, 16% higher than 283,000 last year

Auto retail sales up 9% in H1FY24; PVs, three-wheelers steal the show

Both three-wheelers and passenger vehicles witnessed their record H1 numbers during the period

Indian auto sales surge 20% in September, despite slump in tractors

Positive market sentiment fuelled by favourable monsoon leads to growth in most categories, but high inventory levels raise concerns for dealers as festive season approaches, FADA data shows

Tata Motors global wholesales up 7% in Q2, Jaguar Land Rover drives growth

Company sequentially posted a 6.3% rise in group global wholesales

Eicher Motors September sales: Total sales down 5%; YTD business up 16%

Sales of models with engine capacity up to 350cc also went down by about 5% as the sales went down from 74,206 units in September 2022 to 70,345 in September 2023

M&M total sales jump 17% at 75,604 units in September, PV sales up 20%

Mahindra & Mahindra Ltd on Sunday reported a 17 per cent year-on-year growth in overall auto sales at 75,604 units in September 2023. Passenger vehicles sales were at 41,267 units last month as against 34,508 units in September 2022, a growth of 20 per cent, M&M said in a statement. The company further said its utility vehicles sales were at 41,267 units as against 34,262 units in the year-ago month, up 20 per cent. M&M had nil sales of cars and vans last month although it sold 246 units in the category in September 2022. "While demand for our key SUV brands continues to be strong, we are keeping a close watch on the availability of semi-conductors and select components to meet the strong festive season demand," M&M President, Automotive Division, Veejay Nakra said. M&M said its total exports declined 5 per cent last month at 2,419 units as compared to 2,538 units in September 2022.

M&M offering discount of up to Rs 1.25 lakh on XUV400, Bolero, XUV300

However, there are no discounts on Mahindra's more famous cars, such as Thar, Scorpio N, and XUV700

Auto sales up 9% in August, PV inventory at an all-time high: FADA

Adopting a cautious stance for the near-term outlook, FADA said that low rainfall may impact rural auto demand during the upcoming festive season

M&M August sales up 19% overall, automaker reports 26% growth in SUVs

Farm equipment sales see 3% growth, while exports drop by 26% YoY; 3-wheeler sales up 47%

MG Motor India August retail sales rise 9% YoY, reach 4,185 units

MG Motor India on Friday reported a 9 per cent year-on-year increase in retail sales at 4,185 units in August. The automaker had sold 3,823 units in August 2022. The carmaker is gearing up and building further on the current momentum in the festive season, MG Motor India said in a statement. The company is readying the introduction of the Black Edition of its mid-sized SUV Astor, it added.

Stocks to Watch today, Sept 1: RIL, Vedanta, LIC, Five Star Business, Autos

Stocks to Watch today, September 1, 2023: Vedanta ran a "covert" lobbying campaign to weaken key environmental regulations during the Covid-19 pandemic, the OCCRP said in an article on Thursday

IEMC demands continuation of incentives for EV sector to maintain sales

Industry body IEMC on Thursday demanded continuation of incentives given to electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from estimated 125 million. According to India Electric Mobility Council (IEMC), India Energy Storage Alliance (IESA) has estimated that on discontinuation of the demand incentives, the electric vehicles (EV) sales in India will reduce from estimated 125 million units to 37 million units by 2030. The central government launched the FAME (faster adoption and manufacturing of hybrid and electric vehicles) scheme in 2015, under which subsidies are given to electric vehicle manufacturers and the benefit is passed on to buyers. The second phase of the scheme FAME II was launched in 2019. The scheme, which also provides incentives for setting up battery charging stations in the country, is likely to end in March next year. "...to ensure sustained growth of EV adoption in India, more than 80 EV ...

Auto retail sales up 10% in July; three-wheelers at record pace: Fada

Month-on-month, sales down for all vehicle categories, except three-wheelers, mainly due to rains

Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos

Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business

Royal Enfield's Hunter 350 bike sales cross 200K-mark in 11 months

'Most popular' product launched in mid-size motorcycle segment, says company

China's auto sales rise 8.8% in first half of 2023, but growth is fading

China's auto sales rose 8.8 per cent over a year earlier in the first half of 2023 as electric vehicle purchases surged, but growth is fading as an economic rebound following the end of anti-virus controls cools, an industry group reported Tuesday. Sales of SUVs, sedans and minivans rose to 11.3 million, decelerating from 2022's 9.5 per cent growth, according to the China Association of Automobile Manufacturers. Total vehicle sales including trucks and buses rose 9.8 per cent to 13.2 million. CAAC earlier forecast this year's annual sales growth might fall to as low as 3 per cent. Global automakers look to China to propel sales growth as US and European demand flattens and are pouring billions of dollars into developing electrics to meet government sales quotas. They face growing competition from Chinese brands that are developing rapidly, taking market share and starting to compete with global majors in their home markets by exporting to Europe and Japan. China's economic growth

Auto retail sales touch 1.86 million in June, 10% more than last year: FADA

'New model introductions, festive promotions, seasonal factors couldn't markedly boost sales'