Sales Figures News

Mahindra & Mahindra announced its auto sales performance for August 2019 and the company's domestic sales stood at 33,564 units, a drop of 26 per cent over 45,373 units sold in August last year. The automaker continues to be affected by the overall slowdown in the auto sector and the Indian economy. The company's passenger vehicle (UV + cars) sales for August 2019 stood at 13,507 units, declining by 32 per cent, when compared to the 19,578 units that were sold during the same month in 2018. UV sales dropped by 27 per cent with 13,037 units sold, as against 17,892 units sold August 2018. In the cars+vans segment that includes electric cars from Mahindra, the company registered a 75 per cent decline in volumes with 470 units sold as opposed to 1866 units in August last year.

The auto sector continues its negative trajectory for the ninth month now and automakers have shown no signs of growth as volumes have nosedive across different segments. India's largest automaker Maruti Suzuki continues to be one of the worst affected by the slowdown as sales for the month of August 2019 continued to show a decline in volumes. The company registered a 34.4 per cent decline in domestic sales in August this year with 97,061 units sold as opposed to 147,700 units sold in August 2018. The automaker has registered the massive drop in volumes for the third consecutive month with its bread and butter segment - hatchbacks - taking the largest hit.

Tata Motors today announced the group's global wholesales for the month of July 2019, which stood at 78,600 units, 14 per cent less than the company's total global wholesales from July 2018.

Suzuki Motor Corp has reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.

Sales of Japanese-branded autos in South Korea slumped in July amid a worsening diplomatic row between the two countries that has led to consumer boycotts and efforts by Seoul to cut the economy's reliance on imports from Japan.

Royal Enfield's domestic sales in July 2019 fell by a whopping 27 per cent, with the motorcycle brand despatching less than 50,000 motorcycles for the first time since May 2016. Exports however have shown impressive growth of over 140 per cent.

Two-wheeler manufacturing giant Hero MotoCorp sales decline 21 per cent in July 2019, amidst a massive slowdown in the Indian auto industry.

Suzuki Motorcycle India's sales volumes are modest in the world's largest two-wheeler market, but the two-wheeler manufacturer beat industry slowdown to post positive growth in July 2019.