Industry sees second-highest monthly growth after November.
In October, MSI recorded domestic sales of 96,002 units compared to 51,458 units in the year-ago period, registering a rise of 86.56 per cent, it added.
With nearly 100 launches and unveils, the Bharat Mobility Global Expo 2025, held in Delhi from January 17 to 22, made one thing clear to automobile enthusiasts: Electric vehicles (EVs) are the way ahead for the Indian auto market for years to come.
Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.
Major automakers, including Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia, Toyota and Honda, on Thursday reported healthy growth in passenger vehicles sales in June, recovering from the disruptions induced by the second wave of COVID-19. The country's largest carmaker Maruti Suzuki India (MSI) posted total sales of 1,47,368 units in June, up from 46,555 units in May. Its domestic dispatches to dealers last month stood at 130,348 units, up from 35,293 units in May, as easing of COVID-related restrictions helped the auto major to dispatch more units to dealerships.
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The domestic passenger car sales fell by 6.59 per cent in October to 98,900 units from 1,05,877 units in the same month last year.
According to the company's business plan for 2013, the company said its plant at Chennai is projected to have a wholesale volume of 6,33,000 units as compared to 6,41,000 units clocked last year, a decline of 1.3 per cent.
In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent.
IT Department asks car dealers to furnish ledgers of all customers who have booked vehicles from November 1.
Sales plunged to 133,747 units from 158,767 in the same month last year.
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Sales of Mercedes-Benz in the country have jumped by 36.67 per cent to 16,497 units in 2022-23 amid high demand for its top-end vehicles, according to its India MD & CEO Santosh Iyer. "This is the highest-ever sales recorded by the company in any financial year," he stated. In the luxury car segment of India, Mercedes-Benz is the market leader with about a 42 per cent share.
Maruti Suzuki India (MSIL) does not anticipate growth in the small car segment because people continue to find these vehicles unaffordable, chairman R C Bhargava said on Wednesday. He said the market had clearly shifted towards the sport utility vehicle (SUV) segment and the company will go in the same direction. The domestic sales of utility vehicles jumped in India by 34.54 per cent to about 2 million units in FY23.
South Korean carmaker Kia was on Tuesday declared the top mass-market performer in the overall customer experience index (CEI), an annual survey done by the Federation of Automobile Dealers Associations (Fada) to assess and quantify customer experience across 97 parameters related to sales, product, and after-sales quality. Fada conducted this survey in collaboration with consulting firm Frost & Sullivan, with a sample size of 8,685 respondents.
With more and more Indians buying automobiles on the back of a rise in income and easy loans, car majors too are launching newer models to offer a wide choice to prospective customers.
Auto component sales in the country are likely to rise in 2010 on the back of positive outlook for cars sales but overseas demand will continue to be sluggish, global rating firm Fitch said.
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The new car market is estimated at around 30,000 units a year in sales in a good year, whereas the used car market for luxury vehicles is estimated at around 60,000 cars annually.
As per SIAM data, vehicle sales across categories, including passenger vehicles and two-wheelers and commercial vehicles stood at 18,21,490 units last month as against 23,82,436 units in August 2018, a fall of 23.55 per cent.
If you are in the market for a set of wheels, and have not considered this option yet, you could be losing out on a chance to get a great car and save lakhs of rupees.
Most of these car models have already been unveiled at the recently held Delhi Auto Expo 2012.
The double whammy of spiralling petrol prices and volatile interest rates on loans is driving car buyers to make payments out of their pockets rather than opting for bank loan.
Second-hand car prices have dropped 15 to 25 per cent following the imposition of stringent Supreme Court norms over repossessing and selling cars of owners defaulting on their loans.
Economic gloom and rising ownership costs have savaged sales.
The Society of Indian Automobile Manufacturers had earlier revised the sales forecast for financial year 2012 downwards for the passenger cars at 10-12 per cent in July against 16-18 per cent announced at the beginning of the fiscal.
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India's largest carmaker Maruti Udyog on Wednesday said its car sales grew by three per cent in September even as production continued to be hit by a prolonged strike at one its major component suppliers.
Let's take a look at some car companies that saw biggest rise in sales.
That means a manufacturer looking at a market like India needs to decide whether small, cheap cars or small, expensive cars or both will work better for them, says Pavan Lall.
The big-ticket year-ending discounts and the anticipated jump in prices in January pushed car sales in December
Car maker Maruti Udyog Ltd on Thursday said it has recorded highest ever monthly domestic sales for January at 62,248 vehicles a growth of 28.3 per cent over the corresponding month last year.
With the Nano's sales stuck in a low gear, firm drives hope on product variants and the base of hopefully satisfied customers.
Maruti Suzuki India's net profit surged 80.3 per cent to Rs 3,716.5 crore in the September quarter, driven by better sales, softening commodity prices, cost reduction efforts and higher non-operating income. The company had delivered a net profit of Rs 2,061.5 crore in the year-ago period, Maruti Suzuki India said in a statement on Friday. Maruti said it is expecting the affordability of small cars in the domestic market to come back in the next 2-3 years in the face of rising income levels of people and a growing economy, among others.
On Monday, Maruti Udyog Limitedposted 5.6 per cent increase in domestic car sales for March 2007, selling 64,556 vehicles as compared to 61,141 vehicles in the year-ago period.
While customers in metro cities are still buying cars, quick growth is likely only from upcountry markets, where highways and roads are being built, and discretionary income and aspirations are rising.
Hyundai Motor India said on Friday that its car sales rose by 42 per cent in July 2003 to an all-time high of 13,033 units
Maruti Suzuki India and Tata Motors reported decline in sales during June this year.
