Despite festive season, large auto firms see muted growth; SUV, UVs log sharp sales growth in Oct.
1 month, 3 weeks ago

Despite festive season, large auto firms see muted growth; SUV, UVs log sharp sales growth in Oct.

The Hindu  

In line with sluggish automobile sales over the past several months, India’s top three passenger car makers namely Maruti Suzuki India, Hyundai Motor and Tata Motors, despite the tailwinds of a favourable festive season, were seen barely keeping their heads above the water while automakers with a strong SUV and UV line up like Mahindra & Mahindra and Toyota Kirloskar Motor reported substantially high sales numbers in October 2024 as per sales data released by auto companies on Friday. Second largest auto maker Hyundai Motor India Ltd. reported domestic sales of 55,568 units as compared with 55, 128 units a year ago up 0.8%. Tarun Garg, Whole-time Director and COO, HMIL said, “We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including highest ever monthly domestic sales of the Hyundai CRETA at 17,497 units.” Tata Motors’ October 2024 sales remained flat at 82,682 units In the same period last year the company had sold 82,954 units. Veejay Nakra, President, Automotive Division, M&M Ltd., “The month began on a fantastic note with Thar ROXX garnering 1.7 lakh bookings in the first 60 minutes and the positive momentum continued across the SUV portfolio through the festive season.” Toyota Kirloskar Motor reported sales of 30,845 units, up 41% over 21,879 units sold in the year ago period. Our focused approach to aligning production and inventory with demand positions us well to sustain this momentum,” said Kunal Behl, Vice President, Marketing & Sales, Honda Cars India Ltd. JSW MG Motor India today announced sales of 7,045 units a YoY growth of 31% over the same period last year.

India Growth Vehicles Festive Season Exports Domestic Sales Period Units Sold Oct Yoy Suv Toyota Compared Total Sales Tkm  muted  sharp  period  suv  india  total  sales  units  oct  growth  compared  vehicles  exports  sold  large  season  log  uvs

History of this topic

Passenger vehicle sales highest in Nov., up 4%, says SIAM
1 week, 3 days ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline
3 weeks, 1 day ago

Maruti Suzuki, Tata Motors, and M&M post PV sales growth YoY in Nov; Hyundai records decline

Deccan Chronicle  

India's passenger vehicle market witnessed varied performance across major automakers in November 2024.While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market.Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. However, the company's sales in October 2024 were higher at …

Hero MotoCorp Q2 Results: Net profit rises 6% to ₹1,066 crore, revenue up 9.9%
1 month, 1 week ago

Hero MotoCorp Q2 Results: Net profit rises 6% to ₹1,066 crore, revenue up 9.9%

Live Mint  

Hero MotoCorp Q2 Results: Hero MotoCrop Limited announced its July to September quarter results on Thursday, November 14. The company recorded a 6 per cent hike in net profits to ₹1,066 crore in the second quarter of the financial year 2024-25, compared to ₹1,007 crore in the same quarter the previous year in the consolidated statements, according to the company's …

Stocks to Watch: Mankind Pharma, Suzlon Energy, Adani Enterprises, Godrej Properties, and more
2 months, 3 weeks ago

Stocks to Watch: Mankind Pharma, Suzlon Energy, Adani Enterprises, Godrej Properties, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Maruti Suzuki India recorded total sales of 1.84 lakh units in September 2024, marking a 1.9 percent year-on-year increase. While total domestic sales declined by 1.15 percent to 1.57 lakh units, passenger vehicle sales dropped by 3.9 percent to 1.45 lakh units. Eicher Motors saw an …

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM
4 months, 1 week ago

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

Hindustan Times  

Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,355 units in July 2023, automobile industry body SIAM said on Wednesday. Utility vehicles continued to …

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM
4 months, 1 week ago

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

Hindustan Times  

Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The overall passenger vehicle dispatches from companies to dealers stood at 3,50,355 units in July 2023, automobile industry body SIAM said on Wednesday. …

Honda overtakes Hero in June two-wheeler sales
5 months, 3 weeks ago

Honda overtakes Hero in June two-wheeler sales

New Indian Express  

Japan’s Honda Motorcycle & Scooter India has overtaken India’s Hero MotoCorp in the two-wheeler market. HMSI’s total 2W sales stood at 5.19 lakh units in June 2024 while Hero’s total sales last month were at 5.03 lakh units, as per monthly sales data published by the two companies. Hero’s domestic sales stood at 491,416 units last month, translating into a …

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara
6 months, 3 weeks ago

Stocks to Watch: APSEZ, Maruti, Hero Moto, Eicher, REC, Puravankara

Live Mint  

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd, a subsidiary of Adani Ports and Special Economic Zone Ltd, has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania. Maruti Suzuki India: The company's total sales dipped by 2% to 1.74 …

Car Sales In April Rise Marginally To 3.38 Lakh Units
7 months, 3 weeks ago

Car Sales In April Rise Marginally To 3.38 Lakh Units

Deccan Chronicle  

After a record all-time high numbers in fiscal 2024, passenger vehicle wholesales during April grew marginally 1.76 per cent year-on-year at 3,38,341 units due to high base of last year and lukewarm retails during the electioneering season in the country. Tata Motors, the third-ranked passenger vehicle maker’s wholesales also grew 2 per cent at 47,983 units as against 47,107 units …

Robust Demand for SUVs Boost Record Sales in February
9 months, 3 weeks ago

Robust Demand for SUVs Boost Record Sales in February

Deccan Chronicle  

Pune: Passenger vehicle sales in February in India were the highest in the history of the auto industry, rising 11.3 per cent at 3,73,177 units on the back of robust demand for sports utility vehicles and improved supply, the industry data showed on Friday. Tata Motors sales, including electric cars, in Feb. jumped 20 per cent at 51,267 units, up …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Passenger vehicle sales reach all-time high in Nov, says Siam
1 year ago

Passenger vehicle sales reach all-time high in Nov, says Siam

Deccan Chronicle  

Pune: Total domestic Indian automobile wholesales, dispatches from factory gates to dealers clocked a robust growth in November on a year-on-year basis, led by festival season sales. The passenger vehicle sales achieved its highest-ever mark in November reaching 3.34 lakh units, a growth of 4 per cent. Three-wheeler wholesale dispatches rose by 31 per cent year-on-year to 59,738 units last …

Diwali Bumper Sales at Hero MotoCorp Touch 14 Lakh
1 year, 1 month ago

Diwali Bumper Sales at Hero MotoCorp Touch 14 Lakh

Deccan Chronicle  

Pune: Hero MotoCorp, India’s biggest motorcycle maker, on Thursday said it recorded the highest-ever sales in a festive season by clocking more than 14 lakh two-wheeler units in the 32-day period this year. The company achieved a 19 per cent growth compared to the previous year, surpassing its earlier highest retail record of 12.7 lakh units, which was achieved during …

Chandigarh: Two-wheeler sales sparkle bright on Dhanteras
1 year, 1 month ago

Chandigarh: Two-wheeler sales sparkle bright on Dhanteras

Hindustan Times  

With the UT administration lifting the cap on non-electric vehicles owing to the festive season, over 500 city residents drove home their sparkling dream vehicles on the auspicious occasion of Dhanteras. Popular cars like Swift, Brezza, Grand Vitara and Baleno are not available now due to the increased demand.” However, auto dealers lamented that though 700 two-wheelers were booked for …

Entry-level vehicles’ share in PV sales hits record low
1 year, 2 months ago

Entry-level vehicles’ share in PV sales hits record low

Live Mint  

New Delhi: The small car segment, which includes micro and mini cars, saw a record decrease in its share of passenger vehicle sales during the second quarter, pointing towards a notable shift in consumer preferences. The continuous downslide in these large automotive segments which represent a vast majority of the Indian consumer seeking upward social mobility shows that the pick-up …

Auto sector sees 9% growth in H1 FY24, fueled by record passenger vehicle, three-wheeler sales: FADA
1 year, 2 months ago

Auto sector sees 9% growth in H1 FY24, fueled by record passenger vehicle, three-wheeler sales: FADA

India TV News  

Automobile retail sales in India experienced a significant year-on-year increase of 9% during the April-September period of the current fiscal year, primarily driven by a record number of registrations for passenger vehicles and three-wheelers, according to a report from the Federation of Automobile Dealers Associations. Robust growth across all segments Total registrations for the April-September period in the current fiscal …

Hero MotoCorp reports 12% decline in July sales, domestic market hit by inclement weather
1 year, 4 months ago

Hero MotoCorp reports 12% decline in July sales, domestic market hit by inclement weather

Hindustan Times  

Hero MotoCorp on Tuesday reported a 12 per cent decline in total sales at 3,91,310 units in July. The company had sold 4,45,580 units in the year-ago period, Hero MotoCorp said in a statement. The numbers are reflective of the inclement weather conditions in July, including unprecedented rains and floods in certain parts of the country, the company said. New …

Bajaj Auto or Hero MotoCorp? Which stock to prefer after new premium launches
1 year, 5 months ago

Bajaj Auto or Hero MotoCorp? Which stock to prefer after new premium launches

Live Mint  

Shares of two-wheeler manufacturers Bajaj Auto and Hero MotoCorp are trading at their respective 52-week high levels after a rally fuelled by the recent launches in the premium motorcycle segment. Analysts believe the new launches will help Hero MotoCorp and Bajaj Auto gain substantial share in the premium market which is largely dominated by Royal Enfield. The global brokerage house …

Hero MotoCorp shares zoom to 52-week high riding Harley Davidson X440 launch
1 year, 5 months ago

Hero MotoCorp shares zoom to 52-week high riding Harley Davidson X440 launch

Live Mint  

Hero MotoCorp share price witnessed a sharp rally driven by the launch of X440 in India, a premium motorcycle co-developed by the world’s largest two-wheeler manufacturer and iconic American brand Harley-Davidson. The X440, which marks Hero MotoCorp and Harley-Davidson’s foray into the 440cc segment for the first time in India, is expected to drive market share gains of the Indian …

Best-selling SUVs in May: Creta ahead of Nexon, Brezza | 3 Maruti models among top 10
1 year, 6 months ago

Best-selling SUVs in May: Creta ahead of Nexon, Brezza | 3 Maruti models among top 10

India Today  

Robust demand and an improvement in semiconductor supply resulted in handsome passenger vehicle wholesales in May at 334,802 units with the sport utility vehicle segment accounting for 47% of the domestic volumes during the month. While the top-selling SUV in May was Hyundai Motor India's Creta, Maruti Suzuki India had three models -- Brezza, Fronx and Grand Vitara -- among …

Two-wheelers kick into high gear
1 year, 6 months ago

Two-wheelers kick into high gear

Live Mint  

Two-wheeler auto companies are finally having their moment in the sun, show the wholesale volumes in May. After many months, all the listed two-wheeler companies clocked growth both year-on-year as well as sequentially in their wholesale volumes in May aided by wedding demand. In fact, Hero MotoCorp Ltd even surpassed analysts’ estimates, clocking volume growth of nearly 7% year-on-year. On …

Hero MotoCorp shares surge sharply today. Check what's driving the rally
1 year, 6 months ago

Hero MotoCorp shares surge sharply today. Check what's driving the rally

India Today  

Shares of Hero MotoCorp Limited gained over 3 per cent on Friday, providing a boost to the overall Nifty Auto index. At 12:45 pm, shares of the company were trading 3.17 per cent higher at Rs 2,889 apiece, emerging as the top gainer on the Nifty Auto index. Its total sales stood at 519,474 units in May 2023, marking a …

Maruti Suzuki May sales rise 10% to 1.78 lakh units; PV sales up 15%
1 year, 6 months ago

Maruti Suzuki May sales rise 10% to 1.78 lakh units; PV sales up 15%

Live Mint  

Maruti Suzuki India, the largest passenger car manufacturer in India, reported total vehicle sales at 178,083 units in May 2023, registering a rise of 10.32% as compared to 161,413 units sold in the same month last year. In the passenger vehicle segment, the company's domestic sales increased 15.3% to 143,708 units as against 124,474 units, YoY. Among its Mini and …

Hero MotoCorp to introduce highest-ever number of products in 2023: CEO
1 year, 7 months ago

Hero MotoCorp to introduce highest-ever number of products in 2023: CEO

Live Mint  

Hero MotoCorp CEO Niranjan Gupta said the company is gearing up for highest ever model introductions this fiscal as it looks to consolidate market share especially in the premium bike segment. Probably this fiscal, we'll see the maximum number of launches ever seen in the company's history," Gupta said in an analyst call. As per a report by PTI, the …

Maruti Suzuki intends to sell 500,000 SUVs in fiscal 2023-24
1 year, 8 months ago

Maruti Suzuki intends to sell 500,000 SUVs in fiscal 2023-24

India TV News  

Maruti Suzuki, the country’s largest carmaker, plans to sell approximately 500,000 vehicles in the current fiscal year 2023-2024 in order to maintain its lead in the country’s fast-growing sports utility vehicle market. Due to high demand for these new models this year, Maruti Suzuki plans to boost its overall market share to 45% in FY24, up from 41% in FY23. …

From Maruti Suzuki to Tata Motors - A look at vehicle sales in March
1 year, 8 months ago

From Maruti Suzuki to Tata Motors - A look at vehicle sales in March

Live Mint  

As the financial year comes to an end, several automobile companies have posted their sale records for the month of March. Total two-wheelers sales grew 5% last month to 3,07,559 units while domestic two-wheeler sales rose 22% to 2,40,780 units. Kia India Automaker Kia India said on Saturday that its sales wholesales had declined by 5% to 21,501 units last …

Hero MotoCorp to expand e-bike range in 12-18 months
1 year, 10 months ago

Hero MotoCorp to expand e-bike range in 12-18 months

Hindustan Times  

The country's largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing …

Top 10 best-selling SUVs in India in January 2023: Nexon rules; Creta, Brezza, Punch, Seltos, Scorpio make list
1 year, 10 months ago

Top 10 best-selling SUVs in India in January 2023: Nexon rules; Creta, Brezza, Punch, Seltos, Scorpio make list

India Today  

The SUV segment currently commands the highest share in the passenger vehicle market at nearly 43%. The Tata Nexon, Hyundai Creta, Maruti Suzuki Brezza, Tata Punch, Hyundai Venue, Kia Seltos, Kia Sonet, Mahindra Scorpio, Maruti Suzuki Grand Vitara and Mahindra Bolero were the top 10 best-selling SUVs in India in January 2023. The Kia Sonet, which rivals the Tata Nexon, …

Carmakers begin 2023 on a strong note, post handsome growth in domestic volumes in January
1 year, 10 months ago

Carmakers begin 2023 on a strong note, post handsome growth in domestic volumes in January

India Today  

After a stupendous performance in 2022, during which the passenger vehicle industry witnessed its highest-ever domestic volumes in a calendar year, the carmakers have begun 2023 on a strong note, posting handsome growth in domestic wholesale despatches in January on the back of robust customer demand and relatively better semiconductor supply leading to higher production. The domestic wholesales of Hyundai …

Hero Splendor, Honda Activa, Honda Shine, HF Deluxe, TVS Jupiter: Top-selling two-wheelers in September
2 years, 1 month ago

Hero Splendor, Honda Activa, Honda Shine, HF Deluxe, TVS Jupiter: Top-selling two-wheelers in September

India Today  

The two-wheeler segment, which had been facing headwinds for a long time, now seems to be in recovery mode with the volumes improving 12.85% year-on-year to 1,735,199 units in September from 1,537,604 units in the year-ago month. The Hero Splendor, Honda Activa, Honda Shine, HF Deluxe and TVS Jupiter were the five best-selling two-wheelers during the month. Honda Activa - …

Hero’s Splendor top selling 2-wheeler in Sept, Honda Activa on spot 2: Report
2 years, 2 months ago

Hero’s Splendor top selling 2-wheeler in Sept, Honda Activa on spot 2: Report

Hindustan Times  

Hero Motocorp Splendor emerged as the top-selling wheeler last month, defeating the likes of Honda Activa, Bajaj Pulsar and TVS Apache among others. According to a report by HT's sister publication Live Hindustan, Splendor sold 2,90,649 units in September compared to 2,77,296 units in the same month last year. Honda Activa secured the second position with 2,45,607 units sold last …

Passenger Vehicle Wholesales Zoom 92 Per Cent In September On Festive Season Demand
2 years, 2 months ago

Passenger Vehicle Wholesales Zoom 92 Per Cent In September On Festive Season Demand

ABP News  

Passenger vehicle wholesales in India rose 92 per cent to 3,07,389 units last month, as compared to the same month last year, riding on the back of strong festive season demand, auto industry body Society of Indian Automobile Manufacturers said on Thursday. According to the latest data by the Society of Indian Automobile Manufacturers, two-wheeler sales also rose 13 per …

Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh
2 years, 2 months ago

Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh

Hindustan Times  

Motorcycle maker Hero MotoCorp launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the country's clean mobility push. Like many legacy automakers in India, Hero Motocorp has been a laggard in electric two-wheelers, where start-ups such as Ather Energy and Softbank Group-backed Ola Electric have gained …

Honda races ahead of Hero MotoCorp in retail sales in September
2 years, 2 months ago

Honda races ahead of Hero MotoCorp in retail sales in September

India Today  

Honda Motorcycle and Scooter India has for the first time gone past Hero MotoCorp in terms of monthly retail sales. The Hero MotoCorp dealerships India Today spoke with said that the drop in the company's share can be attributed to the headwinds in the entry-level two-wheeler segment. The relatively higher ownership costs owing to high fuel costs and multiple price …

Honda's sales grew 29% last month from September 2021, data shows
2 years, 2 months ago

Honda's sales grew 29% last month from September 2021, data shows

Hindustan Times  

Honda Cars is another automobile giant which has released its sales data for September. As per a report in HT's sister publication Live Hindustan, the company sold nearly 29 per cent more units last month than it did in September 2021. Representative Image Honda Cars performance in September In September, as many as 8,714 cars manufactured by the company were …

Auto sales on ascending track riding on festival cheer, smooth chip supplies
2 years, 2 months ago

Auto sales on ascending track riding on festival cheer, smooth chip supplies

The Hindu  

Robust festival demand, coupled with better production due to easing of semiconductor supplies, helped the domestic passenger vehicle industry post its best-ever monthly sales performance in September. The country's largest carmaker Maruti Suzuki India said its total domestic passenger vehicle wholesales stood at 1,48,380 units last month as compared to 63,111 units a year earlier. Tata Motors Passenger Vehicles managing …

Honda Gearing up to Launch all-new SUV Next Year in India
2 years, 3 months ago

Honda Gearing up to Launch all-new SUV Next Year in India

News 18  

Japanese auto major Honda expects its India business to get back on growth path as it gears up to re-enter the high-selling sports utility vehicle segment next year, as per a top company official. In an interaction with PTI, Honda Cars India President and CEO Takuya Tsumura said the company has taken several steps in the last few years to …

Passenger vehicle sales to remain in fast lane in August: report
2 years, 3 months ago

Passenger vehicle sales to remain in fast lane in August: report

The Hindu  

Passenger vehicle sales are expected to be robust in August on account of large pending orders with various companies and production ramp up, according to a report. Besides, two-wheeler volumes are also expected to improve, owing to festive demand and inventory build-up with dealers, according to brokerage firm Emkay Global Financial Services. In the two-wheeler space, Emkay Global expects domestic …

Maruti Suzuki aims to produce 20 lakh units this fiscal: Chairman RC Bhargava
2 years, 4 months ago

Maruti Suzuki aims to produce 20 lakh units this fiscal: Chairman RC Bhargava

Hindustan Times  

Maruti Suzuki India will increase its production and aims to produce 20 lakh units in the ongoing fiscal with improving availability of semiconductors, according to company Chairman RC Bhargava. In 2021-22, total sales of Maruti Suzuki India Ltd increased by 13.4 per cent to 16.52 lakh units. In his address to shareholders in the company's annual report for 2021-22, he …

Honda Motorcycle & Scooter India sees 15% jump in vehicle sales in July
2 years, 4 months ago

Honda Motorcycle & Scooter India sees 15% jump in vehicle sales in July

Hindustan Times  

Honda Motorcycle & Scooter India saw a 15% jump in its total vehicle sales at 4,43,643 units in July. In March, the company announced that its cumulative exports crossed the 30 lakh unit milestone in the 21st year of operations. According to a statement on Monday, HMSI said that domestic sales grew 18% to 4,02,701 units in the previous month …

SUV craze drives passenger vehicle sales
2 years, 7 months ago

SUV craze drives passenger vehicle sales

Live Mint  

Sales of passenger vehicles are showing signs of healthy recovery, driven by rocketing sales of utility vehicles, which accounted for five of India’s 10 best-selling passenger vehicles in April. According to data shared with Mint by auto intelligence firm JATO Dynamics, the Tata Nexon outsold Maruti Suzuki’s Baleno and Alto 800, a premium hatchback and a micro-hatch, respectively, in the …

Automobiles sales skid 6% in 2021-22: SIAM
2 years, 8 months ago

Automobiles sales skid 6% in 2021-22: SIAM

The Hindu  

Impacted by supply-side challenges, total automobile dispatches during the last financial year fell 6% in all segments, dragged down by lower sales of two-wheelers and entry-level cars amid rising vehicle and fuel costs, according to the Society of Indian Automobile Manufacturers. As per the data released by the industry body, two-wheeler sales fell by 11% to 1,34,66,412 units with scooter …

On the recovery path, auto sector has a bumpy ride
2 years, 9 months ago

On the recovery path, auto sector has a bumpy ride

Live Mint  

The Nifty Auto index was the biggest loser among sectoral indices on Wednesday, falling by almost 3%, on a day when the Nifty50 index fell by 1%. “Our Commodity Cost Index has started inching up and is 50-100 basis points higher for PVs and 150-200 bps higher for 2Ws currently versus the Q3FY22 levels," said analysts from Nomura Financial Advisory …

Chip shortage continues to play spoilsport for Indian auto makers
2 years, 9 months ago

Chip shortage continues to play spoilsport for Indian auto makers

The Hindu  

Special Correspondent The global semiconductor shortage continued to play spoilsport for the Indian automobile industry with major manufacturers such as Maruti Suzuki, Hyundai, Toyota and Honda reporting a drop in wholesales for February. Likewise, Hyundai Motor India registered domestic sales growth of 14.6% to 44,050 units while export dipped 10.7% to 9,109 units. While Toyota Kirloskar Motor said domestic sales …

Major Automakers in India Report Decline in Sales in Jan Due to Semiconductor Shortage
2 years, 10 months ago

Major Automakers in India Report Decline in Sales in Jan Due to Semiconductor Shortage

News 18  

Top passenger vehicle makers, Maruti Suzuki, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor and Honda, on Tuesday reported decline in vehicle dispatches from factories to dealers in January amid shortage of semiconductors continuing to hamper production. Maruti Suzuki India’s domestic sales slipped by 8 per cent to 1,36,442 units last month as against 1,48,307 units in January 2021. Similarly, Hyundai …

Hero MotoCorp to unveil its first EV in March, domestic sales down to 374,485 units
2 years, 11 months ago

Hero MotoCorp to unveil its first EV in March, domestic sales down to 374,485 units

Live Mint  

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has today reported its highest-ever sales in global markets outside of India in any calendar year. The company sold 2.89 lakh units of motorcycles and scooters in its markets spread across Asia, Africa South and Central America and the Caribbean in calendar year 2021, clocking a growth of 71 per …

Auto Manufacturers Report Subdued Sales in October as Chip Shortage Hampers Production
3 years, 1 month ago

Auto Manufacturers Report Subdued Sales in October as Chip Shortage Hampers Production

News 18  

India’s major automobile manufacturers posted subdued sales numbers for October on the back of production issues caused due to a global shortage of electronic components. In terms of sales, auto major Maruti Suzuki India’s October total sales fell over 24 per cent to 138,335 units in October 2021 from 182,448 units sold during the corresponding period of last year. The …

Indian Auto Sales Rise in Aug Despite High Fuel Cost, Electronic Component Shortage
3 years, 3 months ago

Indian Auto Sales Rise in Aug Despite High Fuel Cost, Electronic Component Shortage

News 18  

India’s major automobile manufacturers posted healthy sales numbers for August despite high fuel cost as well as shortage of electronic components. In terms of sales, auto major Maruti Suzuki’s total off-take in August rose to 130,699 units from 124,624 units sold during the corresponding month of last year. The company’s August sales rose by over 12.3 per cent on a …

Hero MotoCorp commences retail operations in Mexico
3 years, 4 months ago

Hero MotoCorp commences retail operations in Mexico

Live Mint  

Indian two-wheeler major Hero MotoCorp informed that it has commenced retail sales in Mexico. Hero Motocorp will market models including the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, Hunk 150, Eco 150 TR, Eco 150 Cargo, and Ignitor 125, and the Dash 125 scooter in the South American country. The range of products that we have introduced here should …

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