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

Tractor sales hit all-time high last fiscal; Sonalika registers highest 42% growth

Even as the auto industry was playing hide and seek with sales numbers in FY21 owing to various reasons, the tractor industry has been on an all-time high during the last financial year. While most tractor makers have shown growth margins, North India based Sonalika Tractors has recorded the highest domestic growth in tractors at … Read more

Mahindra tractor sales up 2 per cent to 46,558 units in October

New Delhi: Mahindra & Mahindra (M&M) on Sunday reported a 2 per cent increase in its tractor sales at 46,558 units in October. The company had sold 45,433 units of tractors in October 2019, Mahindra & Mahindra (M&M) said in a statement. Domestic sales grew 2 per cent to 45,588 units in October this year … Read more