Sales Figures News
Passenger Vehicles Sales Up After 11 Months In October 2019
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.
Mahindra's Q2 Profit Drops By 27% For FY2020
Nov 8, 2019 09:39 PM
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.
Renault India Delivers Over 10,000 Triber MPVs In Just 2 Months
Nov 8, 2019 01:07 AM
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 Posts 14% Rise In Second-Quarter Operating Profit As Car Sales Rise
Nov 7, 2019 04:32 PM
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 Slashes Full-Year Profit Forecast On Slowing Car Sales
Nov 6, 2019 08:41 PM
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's Second-Quarter Profit Slides 32%, Hit By India Demand Slump
Nov 5, 2019 08:03 PM
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.
MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Sur
Nov 4, 2019 10:01 PM
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.
Fully-Electric Audi e-Tron SUV Tops Norway's October Car Sales
Nov 2, 2019 06:17 PM
The fully-electric Audi e-Tron SUV has become the top-selling vehicle in Norway, for the month of October 2019. According to the registration data shared by the Norwegian Road Federation, the Ingolstadt-based carmaker delivered 879 units of the Audi e-Tron electric SUV in Norway last month.
Mahindra Has Retailed Almost 2000 Electric Vehicles In October 2019
Nov 2, 2019 04:56 PM
Mahindra Electric, the EV arm of the utility vehicle manufacturer, Mahindra and Mahindra has retailed almost 2000 electric vehicles in India, in October 2019. According to a social media post by Pawan Goenka, MD & CEO, Mahindra and Mahindra Ltd., the 2000 units are the cumulative sales between e-Verito, e-Alfa Mini, and Treo.
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