Tractor sales also increased with largest tractor seller Mahindra & Mahindra selling 18 per cent more farm equipment indicating that a good monsoon was driving the rural economy
From SC ordering full refund of air tickets booked amid lockdown to Maruti Suzuki reporting 31% sales growth in Sept, Business Standard brings ypu top news of the evening
Competitive pressures, lower share of utility vehicle segment and margins are key worries
Maruti's exports during the month skidded 15.3 per cent to 7,920 units over the last year
Suzuki declined to offer forecasts for full-year profit and dividends, citing ongoing uncertainties
Domestic sales declined by 53.7 per cent to 53,139 units last month, as against 1,14,861 units in June 2019
Domestic sales declined by 88.93 per cent to 13,888 units last month, as against 1,25,552 units in May 2019
Domestic sales dropped 1.6 per cent to 1,36,849 units last month as against 1,39,100 units in February 2019
The company had produced 107,478 units in December 2018, Maruti Suzuki India said in a regulatory filing
During the year, the maker of the bestselling Baleno and Brezza, saw its sales volumes contract to 1.6 million units in the domestic market, from 1.8 million units a year ago
During April-December, Maruti said its domestic sales were down near 17% at 1.1 million units
Rural market contributes 40% sales for India's top carmaker, up from 7-8% 10 years back
The country's largest car maker Maruti Suzuki India (MSI) remains 'cautiously optimistic' over sales prospect going ahead as many of the challenges that led to slowdown in the auto industry still exist, a senior company official has said. The company, which posted a growth in domestic passenger vehicle sales after seven months in October, said it would take at least few more months to get clarity if the industry is finally on a revival path. "We are cautiously optimistic. The reason why we are cautious is that we do not have a crystal ball. Many of the factors like high cost of acquisition, confusion related to BS-IV and BS-VI, issues related to finance norms and liquidity etc, continue to be there," MSI Executive Director (Marketing & Sales) Shashank Srivastava told PTI. He was replying to a query whether October sales were an indication of revival of the industry which has been grappling with demand slowdown for almost a year now. "We are optimistic a little bit because the ...
Industry executives were optimistic about buyer enquiries, which have picked up, translating into sales as Diwali draws closer
Domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018
Maruti Suzuki, which produces about one in two of the passenger vehicles sold in the country, yesterday reported a 33.5% decline in sales in July to 109,265 vehicles compared with July 2018
Mini segment, comprising Alto and old WagonR, saw a slide of 36.2 per cent to 18,733 units as against 29,381 per cent in the year-ago month
Maruti's exports in May were down 2.4% at 9,089 units
Mid-sized sedan Ciaz sold 3,084 units as compared to 4,897 units in the same month a year ago