Page 6 - Auto Sales

Lamborghini looking to cross century mark in sales in India this year

Italian automaker Automobili Lamborghini is looking to cross the century mark in sales in the Indian market this year on the back of a record showing in 2022, according to the company's country head Sharad Agarwal. The company, which sells a range of super luxury cars with prices starting from Rs 3.8 crore in India, is also bringing to the country this year its first hybrid car after it makes its global debut in the first quarter of 2023. Lamborghini posted record sales in India in 2022 at 92 units, growing at 33 per cent from the previous year. Its previous best-ever sales in the country was in 2021 with 69 units. Before that, its best sales was in 2019 when it had sold a total of 52 units. "Yes, that's going to be our direction. This is the question which has been coming for some time. We look forward to how do we achieve the three digit mark and hit the century, maybe in 2023. We are hopeful that's the direction we are taking," Agarwal told PTI. He was responding to a query on .

No near-term boost likely for auto stocks from Expo 2023, say analysts

Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward

After two good months, retail auto sales decline 5% in December: FADA

The two-wheeler segment registered a de-growth of 11 per cent YoY in December 2022. All the other categories were in the green

TaMo, Maruti Suzuki: Auto stocks in tight spot amid diverse December sales

In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki

Mercedes-Benz India on road to best-ever sales: MD & CEO Martin Schwenk

'We reached our highest (unit sales) number in the calendar year 2018. It was 15,538 units. We assume we should be able to cross this number'

Nissan Motor total wholesales up 20% in November, aided by exports

Nissan Motor India on Thursday said its total wholesales rose by 20 per cent on a year-on-year basis to 6,746 units last month, aided by increase in exports. The automaker had dispatched 5,605 units in November 2021. The company saw a dip in domestic sales with 2,400 units last month, as against 2,651 units in November 2021. Exports increased to 4,346 units last month, from 2,954 units in the year-ago period. "Booking fulfilments have continued into November after the festive season, indicating that demand is benefiting from several positive indicators, such as improvement in economic activities and confident consumer sentiments. "Going ahead, stable demand from tier-I and tier-II cities is expected," Nissan Motor India Managing Director Rakesh Srivastava said in a statement.

Skoda India reports two-fold increase in November sales at 4,433 units

Skoda Auto India on Thursday reported two-fold increase in sales for November 2022 at 4,433 units. The company had sold 2,196 units in the same month last year. "We have doubled our annual sales this year, over 2021, with a big month of December still to go," Skoda Auto India Brand Director Petr Solc said in a statement. Cumulatively, from January to November 2022, the automaker sold 48,933 units, which is more than double of the 23,858 cars sold in 2021.

Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA

Two-wheeler segment up 51%; high demand continues for SUVs and premium cars

Has festival cheer brought India's consumption story back on track?

The festive season is here. So, what do the sales data and other indicators of the season suggest about consumption, which has suffered due to persistently high inflation? Let's find out

Auto sales up 57% during Navratri as all categories put up strong show

Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

Tata Motors dips 5% on lower-than-expected JLR wholesale volumes in Q2

However, Tata Motors said it is witnessing healthy demand for its products with the order book increasing to ~2.05 lakh units vs. ~2 lakh units as of Q1FY23

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

Auto sales on ascending track riding on festive cheer, smooth chip supplies

Robust festive demand coupled with better production due to easing of semiconductor supplies helped the domestic passenger vehicle industry post its best-ever monthly sales performance in September. The industry volumes in September stood at 3,55, 946 units, registering an year-on-year increase of 91 per cent, enabling the second quarter sales to cross the 10-lakh sales mark. Leading automakers Maruti Suzuki, Hyundai and Tata Motors were able to improve their dispatches to dealers last month on the back of improved production with the easing of chip shortage situation. The country's largest carmaker Maruti Suzuki India (MSI) said its total domestic passenger vehicle wholesales stood at 1,48,380 units last month as compared to 63,111 units in September last year. "It is the second best month for the company in 42 months," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava told reporters. The best month for the auto major was October 2020 when it had dispatched ...

Second-hand car market to be regulated, dealers to play a bigger role

When the vehicle is received for reselling by the dealer, it will be registered for sale. The dealer will then become the sole responsible person for any untoward incident like theft etc

Top cars to be launched in India this Sept, just ahead of festive season

From Hyundai Motors to Maruti Suzuki and Toyota, all major market players will be ramping up their SUV offerings, giving consumers a variety of options

Stocks to watch: Adani Enterprises, UPL, Zee Ent, Hero Moto, Tata Motors

Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

Auto Sales Report July 2022: Toyota breaks their sales record

Auto Sales Report July 2022: Toyota and Maruti Suzuki showed positive growth, while Kia and MG Motors shows a negative trend. Check out the Auto sales report July 2022 insights

Auto sales show positive trends in July as global chip headwinds ease

Hyundai reported sales of 50,500 units in the domestic market (up 5.1 per cent YoY), against 48,042 units a year ago

Mercedes India clocks highest ever sales of 3,551 units in June quarter

The company had sold 1,664 units in the April-June period of 2021