Page 9 - Auto Sales

MG Motor reports 24% drop in retail sales in Oct amid production challenges

MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage

Buyers may go for cars with lower running costs as fuel prices spike: Study

With fuel prices going up by 35% over the past 15 months, cars that have higher fuel efficiency and lower maintenance costs are expected to gain higher traction among buyers in India, a report said

Chip shortage: Auto retailers staring at huge losses this festive season

Automobile retailers are staring at huge losses this festive season as manufacturers struggle with vehicle dispatches to dealerships amid the ongoing semiconductor shortage crisis

Jeep India records over-two fold increase in September dispatches

Automaker Jeep India on Friday said its sales surged over two-fold in September as compared to the same month last year

Lamborghini looks at doubling sales number in next 4 years in India

Lamborghini, which crossed cumulative sales milestone of 300 units in India last month, is looking to double the number in the next four years on the back of robust demand a company official said

Maruti Suzuki sales slide 46% in September due to chip shortage

For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year

Skoda Auto India posts over two-fold rise in sales at 3,027 units in Sep

Skoda Auto India on Friday reported an over two-fold increase in sales at 3,027 units in September 2021, riding on its newly launched SUV Kushaq. The company had sold 1,312 units in the same month last year, Skoda Auto India said in a statement. While Kushaq has fueled the growth for the brand in India, other models such as Superb, Octavia and Rapid have also contributed to the increase in sales volumes, it added. The company had launched the midsize SUV Kushaq in June this year priced between Rs 10.5 lakh and Rs 17.6 lakh (ex-showroom Delhi). The model crossed the 10,000 bookings milestone in September 2021, it said. Commenting on the sales performance, Skoda Auto India Brand Director Zac Hollis said, "Skoda Auto India has managed to consolidate and move forward in September, despite the headwinds that the industry is facing in terms of some key components." He further said, "we are confident of building our momentum, as we approach the festive season, and look forward to delive

Auto shares trade mixed ahead of Sept sales data; here's what to expect

According to analysts at Emkay Global, commercial vehicles (CVs) should maintain positive momentum in September while passenger vehicles (PVs) volumes are likely to be hit by the chip shortages

Health insurance dominates premium mop-up; motor and crop recover

General insurers have seen Covid-related health claims mount, especially after the second wave of the pandemic

Kia Sonet crosses 100,000 cumulative sales mark in less than one year

Kia India on Tuesday said its compact SUV Sonet has crossed one lakh cumulative sales mark in less than one year of its launch in the market. During the same period, the vehicle has also become the fourth highest-selling SUV in the country, the automaker said in a statement. Introduced in September 2020, Sonet has emerged as a breakthrough product in its segment, contributing almost 17 per cent to the segment and 32 per cent to Kia's overall sales, it added. The Sonet was launched when the auto industry was facing its worst slump in history with the advent of COVID-19 pandemic. The market was battling rock-bottom customer sentiment amidst manufacturing and supply chain setbacks. We introduced the Sonet in September last year against all odds, and it would not be an understatement to say that it has rewritten Kia's success story in India and has made a stronghold in the segment with its industry-leading features and specifications," Kia India Executive Director and Chief Sales & ...

Maruti Suzuki Swift crosses 2.5 million cumulative sales milestone

The country's largest carmaker Maruti Suzuki India (MSI) on Tuesday said its premium hatchback Swift has crossed 25 lakh cumulative sales milestone in over 16 years of its launch in the country. The model, which was the country's leading model in terms of sales in the last fiscal, has transcended its records by clocking cumulative sales of 2.5 million units, MSI said in a statement. Swift had created the premium hatchback segment in the country with its launch in 2005. "With its launch in 2005, Swift heralded the start of the premium hatchback segment in India... million Swift lovers. The No. 1 selling car of FY20-21, the sporty Swift has created a glorious legacy with its scintillating looks and power-packed performance," MSI Senior Executive Director (Marketing & Sales) Shashank Srivastava noted. Swift is not a car, it is a feeling, an emotion and a refreshing new thought process that challenged many notions around hatchbacks, he added. "This success is a testament to the love .

China is on course to build the best cars in the world for the right price

China pays relatively low wages and has millions of skilled workers steeped in the nation's strong manufacturing culture.

Chip shortage: What caused it and how will this impact you & industry?

In this podcast, we discussed why there is a semiconductor shortage and what are its impact

What auto sales tell us about the demand problem in Indian economy

Wholesale two-wheeler sales are lagging PV sales by 10 steps, while retail 2W sales are 22 steps behind retail car sales, an analysis of auto sales data shows

Semiconductor shortage effect: Auto wholesale dip 11% in August, says SIAM

The total wholesales across categories, excluding commercial vehicles, declined to 1,586,873 units last month, compared to 1,790,115 units in August 2020.

Retail vehicle sales in August rose 14%, CV sales up 98%

Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year.

Auto demand recovery weaker than expected post 2nd lockdown: MOFSL

Automobile demand recovery has been weaker than expected post the lifting of second lockdown in June 2021, said Motilal Oswal Financial Services Limited (MOFSL).

Automobile sales skid on chip shortage; dealers stare at supply crunch

Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month

Chip shortage, rising input costs: Auto stocks may remain underperformers

To counter the rise in input costs, Maruti plans to hike prices across-the-board from September, making it the fourth such increase this year

Hero MotoCorp reports 22% dip in wholesales at 453,879 units in August

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 22 per cent dip in total sales at 453,879 units in August as compared with same month last year