General Motors India on Monday said its car sales soared by 112.6 per cent in August on good demand of the new premium mid-size model Chevrolet Optra.
Total sales of vehicles across categories registered 21.32 per cent growth to 13,70,932 units in February, 2011.
Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.
Passenger car sales saw a modest single digit growth in the domestic market in January 2005 at 8.17 per cent even as motorcycles continued their strong run, witnessing a 22.8 per cent jump fuelled by higher demand for Hero Honda and Bajaj Auto bikes.
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.
Spiralling car loan rates continue to dent the passenger car market, as Tata Motors, Hyundai and Honda Motors reported slower sales in July over that in the corresponding month last year.
Hyundai Motor India said on Wednesday that its car sales has surged by 53.1 per cent in September 2003 to 17,009 units from 11,105 units a year earlier.
The passenger vehicles sales in the country has seen a 21.21 per cent growth during April at 1,30,013 units as against 1,07,263 units during the same month a year ago. The domestic car sales rose 17.2 per cent in April to 98,740 units from 84,283 in the same month a year earlier. The domestic sale of commercial vehicles such as trucks and buses increased 7.6 per cent to 33,271 units in April, from 30,914 over the same period last year.
Risks emerging from the US have left automotive investors worried. US President Donald Trump has announced 25 per cent tariffs on automotive imports, while global electric carmaker Tesla has taken its first steps towards entering India. While these developments are sentimentally negative for related stocks, it may be too early to conclude the eventual impact, analysts said.
'Reduce your equity allocation, put that allocation into gold and fixed income.'
'Without his vision and foresight, his willingness to take a risk that no one else was willing to take, his deep and abiding love for India, the Indian automobile industry could not have become the powerhouse that it has become.'
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
This is the third consecutive monthly slide.
Maruti Udyog today posted 17 per cent increase in domestic car sales for the month of April, selling 48,652 vehicles compared to 41,574 vehicles sold in the same period last year.
It has better styling, more appealing interiors, higher equipment, much more interior room, class leading ride quality and better drivability.
Hyundai Motor India, India's second-biggest carmaker, on Monday said its car sales surged by 46.8 per cent in August to 14,436 units on higher domestic demand and exports.
A quarter of the car sales in China are of electric vehicles; domestic brands command 81% of EV sales in the country.
From Audi to Porsche, you can get a discount ranging between Rs 3 lakh and Rs 20 lakh.
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
After a successful tie up in traditional ICE and strong hybrid models, Suzuki and Toyota are now set to take their partnership to the next level: the electric vehicle segment. Both the Japanese auto giants recently announced a plan to produce Suzuki eVX-based SUV which will be sold under Toyota brand across the globe. This electric SUV, bearing Toyota's logo, will go for production at Suzuki Motor Group (SMG) facility in Hansalpur, Gujarat beginning the spring of 2025, marking the first EV launch for both companies in India.
The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.
With an annual production of about 2,632,694 cars in 2009, India is now the seventh largest vehicle producing nation in the world. It is a milestone the country achieved six years ahead of the set target.
Maruti Suzuki India (MSIL) will hold discussions with the Centre and state governments on how the production of compressed biogas (CBG), which can be used in vehicles that run on compressed natural gas (CNG), can be expanded in the country, its majority shareholder Suzuki Motor Corporation (SMC) said. The demand for CNG vehicles has been rising significantly in the country. MSIL sold 145,000 CNG vehicles in the first quarter of 2024-25, marking a 28.3 per cent year-on-year (Y-o-Y) growth.
This is the first time that petrol sales in the world's third-largest oil importer have risen since the March 25 nationwide lockdown crippled economic activity and sent demand plummeting.
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
Automaker Tata Engineering & Locomotive Co Ltd said on Monday its total vehicle sales in May vaulted 67.9 per cent from a year ago to 21,929 units, boosted by higher car sales.
From Tetley Tea to Jaguar Land Rover and Air India, Ratan Tata has ticked off almost every item on his bucket list. However, one that remains unfinished is the electric version of his small car, the Tata Nano. A concept entrusted to Coimbatore-based Jayem Automotives (Jayem Auto) is still on the shelves, despite nearly 400 cars being launched, primarily due to Covid-19 and new crash norms.
About 45 per cent of car sales since October have been diesel, but the capacity has been constrained.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.
Tata Indica, the Tata Group's big passenger car bet, was not delivering expected returns a year into its launch. Desperate, the Tata Motors brass, led by Ratan Tata, acceded to a meeting request from Ford Motors for a possible sale of the passenger vehicles division to the American auto major. Some people had advised Tata to sell the business, and the Ford officials came to Bombay House to hold talks.
However, the company's cumulative sales (including exports) in November were up by 48.89 per cent to 43,105 units compared with 28,950 units in the year-ago period, HMIL said. Its exports for the month rose by nearly three-fold to 28,500 units, the same stood at 9,898 units during the same month in 2007.
State governments need to focus on building charging infrastructure to realise the goal of transitioning a large proportion of their sales to EVs, reports Ishaan Gera.
Auto manufacturers have focused on launching CNG variants of their popular models to meet consumer demand for vehicles with lower running costs.
Dealerships, too, are going all out to roll out the red carpet for women.
Major carmakers, including Maruti Suzuki, Hyundai, Tata Motors on Friday reported growth in their passenger vehicle sales in June as semiconductor shortage woes showed gradual signs of easing out. Other manufacturers, Kia India, MG Motor India and Skoda Auto India also reported robust sales growth last month. Maruti Suzuki India (MSI) reported 5.7 per cent increase in total wholesales at 1,55,857 units in June as compared to 1,47,368 units to dealers in June 2021.
The total automobile sales in India dropped by 4.7 per cent during the fiscal year 2007-08, at 9,648,105 units as compared to 10,123,988 units in the last financial year. Motorcycle sales in the country during the year were down by 11.9 per cent at 57,68,341 units, against 65,47,195 units in 2006-07. Sales of the domestic passenger car rose by 12.2% in March 2007-08 to 128,074 units from 114,145 units in the same month last year. Total two-wheeler sales were down by 0.41%.
Several carmakers, including car market leader Maruti Suzuki India pulled the plug on diesel models citing higher costs for BSVI variants leaving buyers with limited options.
'However, this process will take some time. Depending on the approval timeline, it may span a few quarters.'
