Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
Helped by softer interest rates on vehicle loans as well as their better availability, the country's top car makers posted healthy sales growth in July.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
About two dozen car & SUV models and two-wheelers lined up for launch
The auto industry is on a roll with the sales of passenger cars showing robust growth in November this year as against the sales of last November.
The economy segment of India's car market is unlikely to revive soon term as inflation and prices prompt buyers to defer purchases. The share of entry-level cars in the passenger vehicle market dropped to the lowest in seven years at the end of the Financial Year 2021-22 (FY22). A recovery in the segment will be largely driven by the overall economic growth, improvement in income levels, and easing of semiconductor shortage, say carmakers and analysts.
The industry needs stimuli to help revive consumer demand and conversions.
Maruti sold 191 units of SX4 sedan in January 2014.
For the longest time the Polo GT had no real competition in terms of its build quality and product positioning. Until now, says Pavan Lall.
Bajaj Auto's margins are expected to expand 100 basis points, as volumes have recovered.
Ahead of the international auto show that begins next Wednesday, the Indian auto industry continues to be buffeted with bad news. According to data released by leading automobile companies on Saturday, the industry's sales volumes in January fell about five per cent from those in the same month last year.
The car will compete with Hyundai Grand i10 and Maruti Suzuki Celerio
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Maruti Suzuki India continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Maurti and Hyundai recorded jump in sales in May.
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
The Maruti Vitara Brezza is a perfect embodiment of being the right product in the right place at the right time.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
Maruti, Honda and Tata Motors posted highest sales growth during the month
Top 10 vehicles, value-wise, is dominated by the two players in the market, Maruti Suzuki & Hyundai
Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
BS-VI emission norms and the COVID-19 lockdown impacted the dispatches.
The protection to the driver's chest due to high chest compression was poor and the passenger's chest received weak protection
Maruti Suzuki and Hyundai would make the largest gain.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
The models from Hyundai and Maruti, which might go on sale in October 2018 and February 2019, respectively, are set to revive a segment that had lost sheen to the compact SUV segment, lately
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
From Alto to Audi, get car discounts of up to Rs 900,000
The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
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.
Reflecting the mood, passenger vehicle sales in November either remained muted or skidded for most manufacturers as high fuel prices and the higher cost of borrowing dampened buying sentiment.
In September, sales of 125cc models - that include the Hero Glamour, Splendor, Pulsar 125, Victor Star City, among others - grew by a whopping 30 per cent over the same period a year ago to 305,615 units.
Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
According to a report by rating and research agency CRISIL, it now takes six years to recover the premium-between Rs 100,000 on small cars and Rs 300,000 on luxury sedans-paid for diesel variants.
The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
Continuing with his praise of Arvind Kejriwal, Congress leader Digvijaya Singh on Thursday said that Bharatiya Janata Party's prime ministerial candidate Narendra Modi should learn austerity and humility from the Aam Aadmi Party leader.
