Automobile sales nosedive 55% in May, Will June bring respite with ease in COVID-19 restrictions?

New Delhi: In the month of May, automobile sales dropped by over 55% month on month (MoM), courtesy of the lockdown announced in many states across the country to tame the second wave of COVID-19. In comparison to May 2019, auto sales plummeted by over 70%.  The drop in sales was witnessed across all automobile … Read more

Covid pulls back Indian auto market by 7 years

The swift recovery in the personal vehicle segment in FY-21 was a singular event that did not translate to the other automotive segments, indicating that the worst is not over yet for an industry that is still reeling under the hard impact of Covid-19. As the two important segments of the automobile industry – two-wheeler … Read more

Honda Cars reports 28 pc increase in sales at 9,324 units in February

Honda Cars India Ltd (HCIL) on Monday reported a 28.3 increase in domestic sales at 9,324 units in February as compared with the same month last year. The company had sold 7,269 units in the domestic market in February last year, HCIL said in a statement. Exports for the period under review stood at 987 … Read more

Auto stocks in focus ahead of Feb sales figures: Here’s what to expect

NEW DELHI: Car and tractor makers are likely to report a strong set of auto sales numbers in February, but growth in two-wheeler sales may not be as strong despite a low base. Analysts said that the rising fuel cost may increase cost of ownership, while suggesting that hike in vehicle prices in January were … Read more

PV sales: Passenger vehicle retail sales increase 24% in December: FADA – Times of India

NEW DELHI: Automobile dealers’ body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at … Read more

Year-end vehicle retail impacted by farmers’ protests

NEW DELHI: Vehicle sales in Punjab, Haryana and Delhi-NCR have been adversely affected by the ongoing farmers’ protests in North India, industry executives and dealers have said. The downswing in retail vehicle sales, which typically slow for a month starting middle of December as it is considered inauspicious in the Hindu calendar, have been made … Read more

Toyota Kirloskar logs 12 per cent increase in retail sales on Dhanteras

Toyota Kirloskar Motor has said its Dhanteras retail sales spiked 12 per cent this year as compared to last year and it expects November volumes to be more bullish over the previous month. The automaker in a late evening statement on Friday also said that apart from other factors, pent-up demand coupled with festive season … Read more

PV sales grow in strong double digits in October due to festive demand

New Delhi: Sales of passenger vehicles and two-wheelers increased in strong double-digits last month as manufacturers stocked dealerships in anticipation of robust demand during the festive season. According to data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales rose 14.19 per cent to 310,294 units in October. The industry volumes … Read more

Diwali blitz: Car companies ramp up production to match steps with retail sales

Mumbai: Automakers have stepped up production, as dealerships are running low on stock ahead of Diwali after they retailed more cars and SUVs in October than what the manufacturers supplied.The passenger vehicle segment is upbeat about demand this month as well, but not so confident about the market beyond the festivals as uncertainty due to … Read more

Lower taxes, better roads needed to grow luxury car segment: BMW India head

To push demand for luxury cars in India, it is important to develop road infrastructure and to normalise the tax regime, which, in the current form dissuades people from buying luxury cars, BMW Group India President Vikram Pawah said. “…as the road network gets developed, I’m sure you know people will like to drive even … Read more