Sales Figures News

Honda Cars India today announced a price increase on all its models, which will be effective from February 1, 2019. The company had already increased prices of its cars in January 2019 by up to 4 per cent and the coming month will see its cars getting costlier. The price increase on the CR-V will be Rs. 10,000 and on other models upto Rs. 7,000 depending on the variant.

The new-generation Honda Amaze has recently crossed the 63,000 sales mark in India, as of December 2018. The car which was launched in May 2018 has achieved this sales milestone in just seven months, with monthly average sales of over 7800 units.

The move could give a strong push to the passenger vehicles sales which otherwise have been cruising in the slow lane in the second and third quarter of Fiscal Year 2018-19 and the industry isn't expecting the performance to improve significantly even in the last quarter. Moreover, luxury carmakers like Mercedes-Benz, BMW, Audi, Volvo and Jaguar Land Rover who generally use a high level of export components in locally assembled models would be the major gainers from such a move.

2018 was a mixed bag for carmakers in India as there were several roadblocks which the industry body didn't see coming. At the start of 2018 the sales started on a good note as the first quarter of the Fiscal Year 2018 posted healthy sales. However, that didn't go for long on the wake of several disruptions which affected the sentiments of car buyers and in-turn the sales in the auto industry. Therefore, the Society Of Indian Automobile Manufacturers (SIAM) is expecting to miss the growth target of 7 per cent for the passenger vehicle segment in FY2019.

Within the passenger vehicles segment, the sales of passenger cars, utility vehicle & vans grew by 4.34 percent, 2.63 percent and 12.89 percent respectively in April-December 2018 over the same period last year.

The Mahindra Jeeto light commercial vehicle (LCV) recently achieved the 1 lakh sales milestone in India. In fact, it was just a few months ago that the company announced achieved the 1 lakh production milestone for the Jeeto LCV.

Tata Motors Group today released its global wholesale figures for the month of December 2018. The company's total wholesales, for the last month of 2018, reached 100,551, a decline of 13.9 per cent, compared to December 2017, when the company sold about 116,783 units.

Mercedes-Benz India has been the largest luxury automaker in India for the last few years now and has set a new record for luxury car sales in India at 15,538 units in 2018. The automaker had a fair few launches in 2018, in both the luxury segment with the facelifted Mercedes-Benz C-Class and in the performance segment with the likes of the Mercedes-AMG E63s sedan and the iconic Mercedes-AMG G63 SUV. This is the highest ever sales figure for Mercedes-Benz India and is the second year in succession with sales topping the 15,000 unit mark. 2018 was also the 4th year that Mercedes-Benz India beat out its closest rivals BMW and Audi to retain the number 1 spot amongst luxury automakers in India.