Sales Figures News

Tata Motors Group has released its global wholesale sales numbers for the month of October 2019. The group's cumulative wholesales, including Jaguar Land Rover, stood at 89,108 vehicles, registering a decline of 19 per cent, as compared to the company's total wholesales from October 2018, which was around 1,10,009 units.

The Diwali month has given some relief to automakers after the prolonged slowdown the industry has been through. Passenger Vehicles sales have gone up, though almost flat (0.28 per cent), after a 11 months at 285,027 units as compared to 284,223 units sold a year ago. The growth was largely driven by the Utility Vehicle (UV) segment which grew by 22.22 per cent at 100,725 units as compared to 82,413 units in the same month last year. In fact, popular SUVs like Maruti Suzuki Vitara Brezza and Hyundai Creta were under heavy discounts which have a fillip to the volumes. In the same month, sales of passenger cars went down by 6.34 per cent at 173,649 units as compared to 185,400 units a year ago while the Vans segment witnessed a slump of 35.08 per cent at 10,653 units as compared to 16,410 units a year ago.

One of India's largest conglomerates, Mahindra & Mahindra reported a 26.5 per cent drop in quarterly net profit for the period between July and September during FY2019-20. The drop in profits emerges after the automaker has been struggling to sail through the market slowdown that has limited the sales for its SUVs, cars, trucks and commercial vehicles since the beginning of the year. The Scorpio manufacturer reported a loss of 21 per cent in volumes in domestic sales with 110,824 sold during Q2 FY2020, as against 141,163 units sold during the same period last fiscal.

The Renault Triber subcompact 7-seater has achieved a new sales milestone in India by crossing the 10,000 deliveries mark, in just two months. The 10,001st Renault Triber was recently handed over to a customer at the company's Mumbai dealership, Benchmark Motors.

Toyota Motor Corp posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales and an improvement in its North American business.

Mitsubishi Motors Corp on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line.

Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.

The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. However, according to the data released by Jato Dynamics India, it was the Multi-Purpose Vehicle (MPV) segment that managed to sail against the tide and record growth between April and September FY2019-20.