Auto majors Maruti Suzuki India and Hyundai reported muted sales performance in October as the companies curtailed dispatches to dealers in order to cut inventory build up.
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4 per cent dip in total domestic passenger vehicle wholesales last month to 144,962 units compared to 150,812 units in the year-ago month. The auto major said sales of mini segment cars, comprising Alto and S-Presso, grew marginally to 10,363 units against 10,351 units in September 2023.
Compact sedans (Maruti Dzire, Hyundai Aura, Tata Tigor)' share in the overall sedan category grew from 68% in 2021 to 74.6% in 2024. Mid-sedans' (Honda City, Maruti Ciaz, Volkswagen Virtus) share declined from 26.2% in 2021 to 20.2%.
...But sales of domestic passenger vehicles dropped 2% to 3% year-on-year in August owing to low demand.
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Maruti Suzuki India (MSIL) plans to open new Arena Satellite showrooms as the country's largest carmaker aims to tap small towns and new markets, said a senior company executive, amid signs of recovery in rural demand and an approaching festival season. Senior executive officer for marketing and sales MSIL, Partho Banerjee, told Business Standard the company was aiming to penetrate deeper into markets and reach closer to its customers. "We have already had a concept of mobile showrooms in the Arena channel.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors reported decline in wholesales in August as the companies curtailed vehicle dispatches amid drop in demand and to cut inventories at dealer level. Market leader Maruti Suzuki India said its total domestic passenger vehicle wholesales were at 143,075 units last month as compared to 156,114 units in the year-ago month, registering a dip of 8 per cent. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,648 units last month as against 12,209 units a year ago.
Passenger vehicle wholesales saw a marginal growth of 4 per cent in June on account of high base effect and muted demand due to severe heatwave conditions in several parts of the country. Overall passenger vehicle dispatches last month stood at 340,784 units, a growth of 3.67 per cent compared with 328,710 units in June 2023.
'The customer is fast changing, and she demands newer experiences that wealth can buy.'
The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, it has already started work with used online car marketplace Spinny.
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
The chargesheet cited Goswami's alleged acceptance of his WhatsApp chat with Dasgupta as crucial evidence to indict him in the case.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
Sindhu pulls out of Uber Cup
Sources in the Kolkata police said that around 25 questions were asked to Partho.
Chirag Shetty and Satwiksairaj Rankireddy bagged the biggest title of their career, winning the French Open Super 750 crown with a straight-game decimation of Chinese Taipei's Lu Ching Yao and Yang Po Han in the men's doubles final in Paris on Sunday.
Raj Kishore Partho, has been in Mumbai for the past 12 years, and he has survided two terror attacks.
Paper notes, diaries, laptops and desktop computers recovered from the 'horor' house in Kolkata where a man was found living with a skeleton and carcasses have revealed a complicated relationship between the family members.
Doctors examined the house-owner's 45-year-old son and sole living family member Partho De, who had been living with the skeleton of his sister and those of two dogs for the past six months.
Naxalbari has some really good and unexpected twists and turns, observes Moumita Bhattacharjee.
'Dasgupta misused his official position and manipulated TRP of specific news channels broadcast by ARG Outlier Media Pvt Ltd such as Republic Bharat Hindi and Republic TV English,' the police alleged in its remand note.
It is good BJP leaders filed offences against makers of Tandav web series over its content, but they will be truly men if the party registers cases also against journalist Arnab Goswami who insulted martyrdom of Indian soldiers, the Shiv Sena said on Thursday.
Trade analyst Vinod Mirani gives us the box office verdict for the week.
The material collected by the investigating officer shows that Dasgupta manipulated TRP for particular channels by using his office as the CEO of BARC, the court observed.
Former Broadcast Audience Research Council (BARC) CEO Partho Dasgupta is the 'mastermind' of the Television Rating Points manipulation scam and there seemed more to the case than mere rigging of TRPs, as per the sessions court that had rejected his bail plea last month.
Congress leader Rahul Gandhi on Monday accused Prime Minister Narendra Modi is the 'person through which' prior information on India's air strikes in Balakot in Pakistan in 2019 was made available to Republic TV editor-in-chief Arnab Goswami.
The closing ceremony of the India-Vietnam friendship year in 2012 in Hanoi on Tuesday saw local youth present four dances, two of them from Bollywood. One, Jai Ho!, is really an international song, but the other song, O Yaara Dil Lagana, sung and performed to by the young Thanh Loan, was an eye-opener.
Brushing aside speculations of tension with ally Trinamool Congress, Union Finance Minister Pranab Mukherjee on Sunday said the two parties would form an alliance to fight the 2011 Assembly election.
Principal Sunirmal Chakravarti and three teachers -- Garnian, Partho Dutta and David Raun -- were arrested on Monday morning, Joint Commissioner of Police (Crime) Damayanti Sen said. The class VIII student had killed himself on February 12, four days after being caned by the principal. He got the caning along with two other boys for playing truant, the principal had said
Principal Sunirmal Chakravarti and three teachers -- Garnian, Partho Dutta and David Raun -- were arrested on Monday morning, Joint Commissioner of Police (Crime) Damayanti Sen said. The class VIII student had killed himself on February 12, four days after being caned by the principal. He got the caning along with two other boys for playing truant, the principal had said
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A photographer enables his visually impaired students to take up the camera.
The company has 828 sales outlets and there are plans to double them in the next five years, general manager (marketing and sales) Partho Banerjee told reporters in Kochi.
The Satyam Computer Services board is expected to induct former managing director of Tata Chemicals Homi R Khusrokhan on the company's board of directors as Executive Director and former chief financial officer of Murugappa group Partho S Datta as Director (Finance).
The Indian men's doubles pair of Satwiksairaj Rankireddy and Chirag Shetty's glorious run at the French Open Super 750 badminton ended tamely after they were beaten by top seeds Marcus Fernaldi Gideon and Kevin Sanjaya Sukamuljo of Indonesia 18-21, 16-21 in the final, in Paris, on Sunday.
The scam-tainted Satyam Computer Services appears to be gearing for action after almost a month of uncertainty.
Senior Central Bureau of Investigation official Partho Sarathi Bose, arrested by the agency in a graft case in Kolkata, has been remanded to police custody till January two by a special judge in New Delhi.Bose, a Deputy Superintendent of Police in the CBI's Kolkata branch, was arrested by the agency after being caught allegedly accepting a bribe of Rs 50,000 from a truck driver on December 28.The CBI official's arrest has also become a political talking point.
Sumit Bhattacharya lists what the leaked WhatsApp conversations reveal about the man named Arnab Goswami, and a certain PDG.
