Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
Auto mobile retail sales in India witnessed a 10 per cent annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday. Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022. Passenger vehicle sales saw an increase of 4 per cent to 284,064 units last month, as compared to 273,055 units in the year-ago period, the Federation of Automobile Dealers Associations (FADA) said in a statement.
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September. Consumption of diesel, the most consumed fuel in the country -- accounting for about two-fifths of the demand, fell to 5.81 million tonnes in September from 5.99 million tonnes demand in the same period a year ago.
The dynamics are changing as the sales pick up.
The company had recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further.
The company is eyeing sales of 8,000 units per month for the Kylaq, which starts at Rs 7.89 lakh (ex-showroom) and boasts 96 per cent localisation.
Maruti Suzuki India on Thursday said the locally manufactured Jimny five-door model has made its debut in the Japanese market. The SUV, which is exclusively manufactured at Maruti Suzuki's Gurugram-based plant, was unveiled in Japan on Thursday.
Customers have started to factor in the narrowing gap between petrol and diesel and the premium that needs to be paid for a diesel vehicle.
General Motors India on Tuesday said its car sales soared by 77.3 per cent in June 2003 on the back of a surge in demand for the mid-size car, Opel Corsa.
Armed with swanky showrooms, decked with plush fixtures, and offering indulgences such as high-end perfumes and customisable accessories, BMW, Mercedes, Audi are rolling out the red carpet for the well-heeled.
The Tatas sold over 14,466 Indica cars, which was slightly lower than the sales of 14,592 units of the Santro hatchback in January.
The new scheme, promoting manufacturing of electric vehicles (EVs) by global majors, will give a fillip to companies like Tesla and its upstart rival Vinfast, both of whom have lobbied for lower import duties from the Centre. While Vinfast has already announced an investment of Rs 4,000 crore to set up an electric vehicle (EV) plant in Tamil Nadu, Tesla's next move will be watched carefully. Four years ago, Musk announced that his company would come to India.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
The strong domestic growth for new vehicle sales during 2008-12, which witnessed a compounded annual growth rate of 14 per cent, led to an increased inventory of used cars, thanks to trade-ins.
The 11th edition of the Mercedes-Benz Classic Car Rally in Mumbai on Sunday featured headturners that left the audience gasping in awe. Rajesh Alva/Rediff.com presents a ringside view.
According to the figures released by the Society of Indian Automobile Manufacturers, motorcycle sales in the country during the month was up by 7.39 per cent at 5,13,209 units, against 4,77,901 units a year ago. Total two-wheeler sales in May went up by 6.99 per cent at 6,47,358 units, compared to 6,05,014 units in the same month last year.
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%.
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The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages. Automakers had even cited this confusion as one of the reasons for dwindling car sales in India, reports Arindam Majumder.
Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced technologies like autonomous driving, vehicle intelligence, connected features and electrification are quickly gaining traction -- will be reflected in the upcoming Bharat Mobility Global Expo in which India's flagship Auto Expo has been clubbed to be held from January 17-22, 2025 in Delhi-NCR.
Hyundai Motor India said on Friday that its car sales surged by 83 per cent in December 2003 to 12,382 units, driven by rising demand for compact car Santro and mid-size model Accent.
From watches and sunglasses to trekking/fitness bicycles, online shoppers seem ready to loosen purse strings.
Sales for the same month last year were at 79,872 units.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
The phenomenal success of Xcent, Grand and Santa Fe increased volumes creating positive momentum
Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June, even as the overall passenger vehicle segment crossed the 20 lakh units sales mark for the first time-ever in the first half this year. Toyota Kirloskar Motor reported a double-digit growth in dispatches to dealers, while Kia saw a dip in wholesales last month. MG Motor India also reported a double-digit increase in retail sales in June 2023 compared to the same month last year.
China is the world's bright spot when it comes to car sales. Despite a slowdown in sales, China has even dethroned the US as the world's biggest auto market--every month this year, more cars have been sold in China than in America, where industry sales have plunged by a third in recent months.
General Motors India on Thursday said its car sales surged by 162.8 per cent in January 2003 to 1,477 units over 562 units in the same month last year.
General Motors India said on Friday that its car sales surged by 192.7 per cent in July 2003 to 1,935 units from 661 units a year earlier.
Coming out with its first ever such forecast, SIAM said rising commodity prices, supply constraints from components makers and a declining low-base effect will be the major factors that will impact the sales growth.
Despite efforts by carmakers such as Ford, GM and Nissan to aggressively expand their Indian operations, domestic automakers continue to dominate the market.
According to the Society of Indian Automobile Manufacturers, domestic passenger car sales in July went up to 1,15,067 units from 87,901 units in the same month last year. The total two-wheeler sales in July also surged by 20.07 per cent to 7,19,668 units from 5,99,369 units in the same period last year. Bike sales during the month was up 19.48 per cent at 5,46,245 units as against 4,57,178 units in the corresponding month a year ago, SIAM said.
"Out of the total sales, we feel that Chevrolet Spark would enjoy major share in total car sales for this year as small cars continue to have largest share in passengers cars market in the country," General Motors India Director (Operations) S Garg told reporters in Chandigarh on Friday.
Demand for passenger vehicles has been driven by new models, especially in the SUV category with the likes of Maruti Vitara Brezza and Hyundai Creta clocking good numbers
ITRs with zero tax liability have increased to 55.7 million in FY25.
Better roads, more disposable income helps boost demand.
Car market leader Maruti Suzuki India Ltd (MSIL) on Saturday reported a 24 per cent jump in its car sales in the domestic market during November at 65,216 units against 52,574 units in the corresponding month last year.
Contrary to expectations that car sales dip in December, auto majors Maruti Suzuki and Hyundai Motor India are poised to grow 30 per cent in sales (the two companies control 72 per cent of the domestic market). General Motors is looking at 70-80 per cent increase in sales.
Country's largest car maker draws nearly half of its sales from exchange programmes, rural focus.
