The company said its domestic sales increased by 14.6 per cent during the month at 64,143 units, against 55,952 units in May last year. Hyundai Motor India Ltd reported on Monday a 47.27 per cent jump in domestic passenger car sales at 24,510 units during May, against 16,643 units in the corresponding month of 2007.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
Car makers see a dip in demand from their biggest buyers, Ola and Uber. Demand from aggregators weakened for a number of reasons after a strong growth last year.
Despite a rise in input costs, leading car-makers refrain from hiking their price.
Maruti Suzuki and Hyundai would make the largest gain.
Sales in the month of March was, however, down by 2.1 per cent at 70,296 units as against 71,772 units in the same month last year. During the full fiscal year, domestic sales stood at 7,11,818 units as against 6,35,629 units, a growth of 12 per cent. Exports also recorded a quantum jump of 34.9 per cent at 53,024 units as compared to 39,295 units in the previous year.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
While the latest, fourth-generation Swift makes no pretence of being a performance car or the last word in luxury, what it does stand for is amply evident, notes Pavan Lall.
Passenger vehicle wholesale in India increased by 14.19 per cent to 3,10,294 units in October against 2,71,737 units in the same month last year as companies despatched more units to dealers to cater to enhanced demand in the festive season, auto industry body SIAM said on Wednesday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 16.88 per cent to 20,53,814 units, compared with 17,57,180 units in the same month last year. Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent.
Maruti Suzuki is the big exception, with double-digit surge in volume
The German carmaker will not introduce all-new models in 2013. Plans to launch such variants too keep sales going.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
India's largest carmaker Maruti Suzuki India tightened its grip in terms of best selling cars with six of its models featuring in the top-10 list for the just concluded fiscal.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
Two-wheeler sales were down 15.24 per cent in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
The car, the cheapest in its category, will compete against the Maruti Suzuki Dzire, the Honda Amaze, the Hyundai Xcent and the Tata Motors Indigo CS.
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
The Rs 17.70-lakh Honda Civic competes with the Skoda Octavia, Toyota Corola Altis and Hyundai Elantra.
The MG Motor India management is focused on scaling up and launching smaller cars to play the long game in the country, says Pavan Lall.
According to government data, the Centre procured only 35,179 ventilators out of the 50,000 originally ordered.
The car will be priced aggressively compared to its rivals.
Data available from top six players - Maruti Suzuki, Hyundai, M&M, Tata Motors, Honda and Toyota - shows an average growth of about 42 per cent for the industry in June
The model, which will compete with the likes of Hyundai Verna, Maruti Suzuki Ciaz and Skoda Rapid, now features smart devices ecosystem including Alexa remote capability and 32 connected features as standard feature across all variants with a five-year free subscription.
Let alone a discount, they might not even get the model, variant or colour of choice in BS-IV-compliant vehicles.
The price differential has been upwards of 20%.
'I have personally been very keen on investing in lithium ion battery technology for some time.'
Maruti Suzuki reported a 41.56 per cent jump in sales for August at 84,808 units. Hyundai Motor India reported a 12.92 per cent jump in domestic car sales at 24,401 units.
Demand rising for Maruti Celerio, Honda City, Hyundai Xcent, Nissan Terrano and Datsun Go, most of which were launched in 2014.
Companies are using additional service workforce and offering part waivers on charges to affected car owners.
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
Increasingly, more companies are making cars in the country and exporting them globally.
The first month of the new fiscal year saw a slight change in sales trends as market leader Maruti Suzuki saw a decline in sales of its popular models.
The Hyundai i20 is the classiest looking vehicle of the three -- the Jazz, while not exactly a bad looker, is a bit plain Jane (but, of course, classicists may prefer this aesthetic, says Aakash S Paul. But if you are on the lookout for a combination of space and sporty performance, the new Honda Jazz is the best-suited car for you.
Prices third Nexa car aggressively at Rs 4.59 lakh, to take on Hyundai's i10Grand and M&M'S KUV100.
According to the latest data from SIAM, in the top 10 best passenger vehicles, Maruti's Alto retained the top position last month
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
Almost every company launched a new product in FY16.
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