Page 5 - Auto Sales

Suzuki Motorcycle India's sales jump 18.7% at 80,737 units in June

Suzuki Motorcycle India Pvt Ltd on Monday reported an 18.7 per cent year-on-year growth in total sales at 80,737 units in June. The company had sold 68,018 units in June 2022, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in a statement. SIMPL, Executive Vice President, Sales, Marketing and After Sales, Devashish Handa said the June sales growth reflected robust demand in domestic and overseas markets.

VE Commercial Vehicles reports 6.5% rise in sales at 6,715 units in June

VE Commercial Vehicles Ltd on Monday reported a 6.5 per cent growth in sales at 6,715 units in June 2023. The company, a joint venture between the Volvo Group and Eicher Motors, had sold 6,307 units in June 2022, VE Commercial Vehicles (VECV) said in a statement. Eicher branded trucks and buses recorded sales of 6,527 units last month as against 6,185 units in June 2022, a growth of 5.5 per cent, it added. In the domestic market, sales of Eicher branded trucks and buses grew by 12.4 per cent to 6,277 units as compared with 5,584 units in the corresponding month last year. Exports of Eicher branded commercial vehicles were at 250 units last month, down from 601 units in the year-ago period. Volvo trucks and buses recorded sales of 188 units in June 2023 over 122 units in June 2022, representing a growth of 54.1 per cent, the company said.

Ashok Leyland June total sales up 5% at 15,221 units, CV sales jump 10%

Commercial vehicles maker Ashok Leyland on Monday reported a 5 per cent rise in total vehicle sales in June at 15,221 units. In the year-ago period, total vehicle sales of the company stood at 14,531 units. Total domestic sales were higher by 7 per cent at 14,363 units as against 13,469 units a year ago, the company said in a statement. Domestic medium and heavy commercial vehicle sales were at 9,274 units as compared to 8,399 units in June last year, a growth of 10 per cent, it added. Sales of light commercial vehicles in the domestic market marginally increased to 5,089 units from 5,070 units in June 2022, the company said.

TVS Motor Company reports 3% jump in its total vehicle sales in June

The sale of its electric scooter, TVS iQube Electric, recorded a 209 per cent jump

Bajaj Auto reports 2% decline in total June sales to 340,981 units

On a year-to-date (YTD) basis, however, the company reported a 10% rise in sales

Auto cos post record sales for May amid better chip supply, high SUV demand

The domestic auto industry's bookings rose 10 per cent in May year-on-year, while the number of enquiries jumped 17 per cent in May year-on-year

Passenger vehicle dispatches jumped 13% to 331,278 units in April: SIAM

Two-wheeler dispatches increased by 15% to 1,338,588 units in April

EV push, pent-up demand: Why auto exports fell in April amid healthy sales?

According to experts, it may take some time for auto exports to touch 2016 peak numbers

April auto retail sales drop of 4% on decline in two-wheeler demand

The two-wheeler and passenger vehicle categories experienced YoY degrowth of 7% and 1%, respectively

Mahindra & Mahindra vehicle sales up 36% in April, exports shrink 33%

The automaker saw a 54 per cent jump in passenger vehicles in April to 34,698 units from 22,526 units a year earlier

Bajaj Auto sales jump 7% to 331,278 units in April, exports fall 43%

Domestic sales more than doubled to 213,172 units in April this year from 102,177 units in the same month last year

Hero MotoCorp's sales decline by 5% YoY to 396,107 units in April

Hero MotoCorp on Monday said its total wholesales declined 5 per cent year on year to 3,96,107 units in April. The country's largest two-wheeler maker had dispatched 4,18,622 units in the year-ago period. Domestic sales declined to 3,86,184 units from 3,98,490 units in April 2022. Exports also dipped to 9,923 units last month from 20,132 units in the year-ago period. The company expects the momentum to build up in the coming months on account of a combination of multiple factors, including a slew of new product launches, healthy growth in the country's GDP and positive consumer sentiments, Hero MotoCorp said in a statement.

Hyundai Motor's total sales rise by 3.5% to 58,201 units in April

Hyundai Motor India on Monday said its total sales increased by 3.5 per cent to 58,201 units in April. The automaker had dispatched 56,201 units in April 2022. The company's domestic wholesales last month rose by 13 per cent to 49,701 units as compared with 44,001 units in the year-ago period. Exports, however, declined to 8,500 units last month from 12,200 units in April 2022. "This strong growth has been backed by an overwhelming response to the recently launched all-new Verna that has more than doubled its volumes from its earlier version," Hyundai Motor India COO Tarun Garg said in a statement. The automaker looks to carry forward this momentum with a soon-to-be-launched SUV, Hyundai Exter, he added.

Don't see growth in small car segment in this fiscal year: R C Bhargava

With rising commodity prices and increasing inflation, the cost of acquisition for small cars has increased significantly during the last few years

Bajaj Auto reports fall of 2% in total sales in March to 291,567 units

Bajaj Auto Ltd on Wednesday reported 2 per cent decline in total sales at 2,91,567 units in March as against 2,97,188 in the same month last year. Total domestic sales grew 47 per cent at 1,86,522 units last month from 1,26,752 in March 2022, Bajaj Auto said in a statement. Exports stood at 1,05,045 units as compared to 1,70,436 units in the year-ago month, down 38 per cent. Overall two-wheeler sales were at 2,47,002 units as against 2,56,324 units in the same month a year ago, down 4 per cent, the company said. Commercial vehicles sales were up 9 per cent at 44,565 units last month, compared to 40,864 units in March 2022. Bajaj Auto said, in fiscal year 2022-23, its total sales declined 9 per cent to 39,27,857 units from 43,08,433 units in 2021-22.

Retail auto sales up 16% YoY in Feb but still lower than pre-Covid level

The change in onboard diagnostics and the wedding season were the key drivers of growth in the month

Escorts, Bajaj-Auto: Trading strategies for auto stocks post Feb sales nos

Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA

Overall passenger vehicle dispatches cross 335,000 units in February

Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 1,55,114 units in February as compared with 1,40,035 units in the same month last year. The sales of mini segment cars, comprising Alto and S-Presso, grew to 21,875 units as against 19,691 units in February 2022. According to the automaker, the sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, Tour S and WagonR, rose to 79,898 units in February as compared with 77,795 units in the year-ago month. Utility vehicles, consisting of Brezza, Ertiga, S-Cross

Bajaj Auto slips over 4% on concerns of weak export sales

Analysts believe that exports are likely to remain under pressure in \near term, owing to weak macros, adverse currency movements and dollar availability issues in Africa, South Asia and Latin America

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday