Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
The passenger car segment, in comparison, remained sluggish and grew a modest 1.9 per cent to 162,566 units in April
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
BS-VI emission norms and the COVID-19 lockdown impacted the dispatches.
HMIL sells a range of vehicles starting from entry-level small car Eon to premium SUV Santa Fe, which are priced between Rs 325,000 and Rs 31.75 lakh
Despite a rise in input costs, leading car-makers refrain from hiking their price.
Maruti Suzuki posted a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth.
Can a stronger platform, an all-new design, a more powerful engine and an extended feature list make the third-gen WagonR a better car than its rivals? Let's find out
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
Every three minutes, in some corner of the country, two Altos are being sold.
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
The industry needs stimuli to help revive consumer demand and conversions.
From Alto to Audi, get car discounts of up to Rs 900,000
From a Rs 9-lakh Maruti to a Rs 2 crore-Nissan, Indian auto industry packs quite a surprise for car buyers
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
This crisis has arisen just as demand in India's auto sector started seeing some sort of revival after the nationwide lockdown in March/April.
The industry players couldn't hide their disappointment.
The Jats, who went on a rampage to demand quota, attacked the showrooms of only non-Jats.
The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
'How low GDP would have been, we don't know.' 'It raises serious questions because so many indicators are pointing to such a sharp decline and GDP estimates are still showing 4 per cent growth.'
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
These are companies with a strong track record and good prospects on earnings.
After GM's India exit, Ford-Mahindra 'strategic alliance' under spotlight.
Car sales likely to touch record 3-mn mark by the end of March.
Tata group bets on design and price. It looks to mark its spot in a highly cluttered category with its newest offering. Tata Tigor might drives between the lanes!
Top carmakers, including Maruti Suzuki India, Hyundai and Honda, are expecting a spike in their sales following the implementation of 7th Pay Commission recommendations.
Prominent ones are Maruti's smoky Ciaz and Fiat's gorgeous Avventura.
Index heavyweights were the top losers along with bank shares.
Car sales are likely to grow further in November.
Apart from around 40 Japanese companies and five global vendors of MG Motor India, many other biggies are eyeing Gujarat for either greenfield opportunities or brownfield expansion.
Earning woes drag markets lower; TCS, HUL lead fall.
live with the car and you know why 'Nothing else is a Jazz'
Nifty50 surged 87 points to end at 8,157, highest closing levels since Oct 29, 2015.
Mekhail delivered the most deliberate heart-tugging line of the day: "If a son asks his mother for money is wrong, then tell me." At the back Indrani gave one of her most beaming smiles that was meant to convey the exact opposite. This was no mother happy that her son had said he turned to her when he needed money because she was his mother.
Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
