Maruti Suzuki, Honda, Tata Motors Bank on Sales to Pick Up During Festive Season Despite Covid-19
4 years, 4 months ago

Maruti Suzuki, Honda, Tata Motors Bank on Sales to Pick Up During Festive Season Despite Covid-19

News 18  

Leading automakers Maruti Suzuki India, Honda and Tata Motors expect sales to pick up during the festive season, although there is uncertainty about their performance this year on account of COVID-19 pandemic. So in any year festive season is one of the better month for sales, but however this year we would expect festive season to be good but then we are very careful in making this conclusion as you can also have negative sentiment coming from COVID-19," Srivastava said. Similarly, Honda Cars India Ltd Senior Vice President and Director-Marketing & Sales Rajesh Goel said the company is optimistic about the upcoming festive period and expects demand to improve, further supporting retail sales. Tata Motors said this year's festive season is going to be an important time for the auto industry as customers will be looking to make big-ticket purchases post the lockdown.

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History of this topic

Festive cheer for car market: Sales zoom in October, but inventory still a concern
1 month, 2 weeks ago

Festive cheer for car market: Sales zoom in October, but inventory still a concern

India Today  

With Navaratri and Diwali falling in the same month, it was festive cheer for the Indian car market as retail sales sky-rocketed over 32% year-on-year and more than 75% month-on-month in October. According to data from the industry body Federation of Automobile Dealers Associations, the passenger vehicle retails grew 32.38% y-o-y at 483,159 units in October from 364,991 units in …

Festive demand drives SUV sales to record high in October
1 year, 1 month ago

Festive demand drives SUV sales to record high in October

Deccan Chronicle  

Pune: Sales of passenger vehicles in India rose in double-digits to record levels last month with car makers ramping up dispatches from factory gates to dealerships to meet robust demand during this festive season. Similarly, Hyundai Motor, India’s second largest car maker, saw its sales growing by 14.84 per cent year-on-year at 55,128 units last month. Domestic sales at Tata …

Auto dealers' body expects more vehicle launches this festive season. Here's why
2 years, 4 months ago

Auto dealers' body expects more vehicle launches this festive season. Here's why

Hindustan Times  

Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season compared to the last two years when Covid-19 pandemic overshadowed the festive cheer. Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season Federation of Automobile Dealers' Association president Vinkesh Gulati had termed 2021 festive season …

Maruti Suzuki Sells 1.3 Lakh Vehicles in August Amidst Electric Component Shortage
3 years, 3 months ago

Maruti Suzuki Sells 1.3 Lakh Vehicles in August Amidst Electric Component Shortage

News 18  

Automobile major Maruti Suzuki India’s total sales in August rose to 1,30,699 from 1,24,624 units sold during the corresponding month of 2020. “Sales volume of the company in August 2021 was affected due to electronic components shortage. “While the sales volume in August 2021 was affected due to electronic components’ shortage, the sales volume in August 2020 was impacted due …

Festive Season Sales Momentum Likely to Continue till December-End: Maruti Suzuki
4 years ago

Festive Season Sales Momentum Likely to Continue till December-End: Maruti Suzuki

News 18  

After witnessing healthy off-take conditions during the festive season, auto major Maruti Suzuki foresees sales momentum to continue till December-end. Accordingly, the passenger vehicle giant has achieved both sequential as well as yearly growth in sales during this year’s festive season. “Factors such as shift from shared to personal mobility, higher discretionary spending due to increased savings, pent up demand …

Maruti Suzuki Cautiously Optimistic About Sales Prospects During Upcoming Festive Season
4 years, 2 months ago

Maruti Suzuki Cautiously Optimistic About Sales Prospects During Upcoming Festive Season

News 18  

Despite an accelerated sales run in the Covid era, automobile major Maruti Suzuki is still cautiously optimistic about offtake prospects during the upcoming festive season. “We are optimistic about the festive season sales," Maruti Suzuki India’s Executive Director for Marketing and Sales Shashank Srivastava told IANS. Accordingly, the company’s total sales rose to 160,442 units in September 2020 from 122,640 …

Automobile industry in historically most challenging situation ever: Maruti Suzuki India MD & CEO
4 years, 3 months ago

Automobile industry in historically most challenging situation ever: Maruti Suzuki India MD & CEO

India Today  

Maruti Suzuki India Managing Director and Chief Executive Officer Kenichi Ayukawa today said that the automobile industry is in its historically most challenging situation ever and needs to think on how to boost demand for the festive season. Maruti Suzuki India had reported a 21.7 per cent rise in domestic sales to 1,15,325 units in August 2020. Kotak Mahindra Bank …

Maruti Suzuki Reports Marginal Sales Growth in July, Indicates Increase in First-time Buyers
4 years, 4 months ago

Maruti Suzuki Reports Marginal Sales Growth in July, Indicates Increase in First-time Buyers

News 18  

The percentage of first-time buyers and additional car buying have increased in the midst of the COVID-19 pandemic as customers prefer personal mobility over public transport, according to a senior official of Maruti Suzuki India. However, additional car buying is also up because of the functionality requirement," Maruti Suzuki India Ltd Executive Director Shashank Srivastava told PTI. MSI has In …

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