Sales Figures News

With petrol prices and diesel in India rising almost every single day and reaching new record highs, one would expect auto sales to slow down. In fact, auto sales in May 2018 have been on the increase with the likes of Maruti Suzuki and Toyota both showcasing growth in most segments. Car sales have also recently shown an upward trend due to the fact that many automakers are offering discounts on older models and variants while preparing for the salvo of new launches that are expected to come just in time for the looming festive season. Another trend that is noteworthy is the fact that Indian car buyers are moving more and more towards petrol cars as compared to diesel due to a smaller differential in fuel prices between these two fossil fuels.

India's largest automaker, Maruti Suzuki is showing no signs of slowing down. With over 50 per cent market share in India today, the automaker has showcased a huge improvement in sales in May 2018 as compared to the same month last year. Overall sales are up by 26 per cent as compared to the same time period last year with domestic sales up by 24.9 per cent and exports up by a whopping 48.1 per cent. The big growth was led by the compact segment which includes the likes of the Celerio, Ignis, Baleno, Dzire and the recently launched Swift. The segment was up by 50.8 per cent with sales figures of 77.263 units as compared to May 2017! The surge is being led of course by the thee hot sellers, the new Swift, the Dzire and the Baleno.

Toyota Kirloskar Motor sold a total of 13113 units in the domestic market in the month of May. The company sold a total of 13940 units and this includes the 827 units of the Etios series which were exported this month.

Mahindra today announced financial results for the last quarter of the 2017-18 financial year that ended on March 31. The automaker reported achieving a growth of 50 per cent with profit after tax (PAT) (after EI), between January and March 2018, accounting for Rs. 1,155 crore, against the Rs. 770 crore gained during the same period last fiscal year.

Tata Motors has recently updated the dividend model for its premium car brand Jaguar Land Rover during the 2018 financial year. As per the new payout plan, the Tata-owned British carmaker will now have to pay 20 per cent divided from its profits to the parent company Tata Motors.

Tata Motors today announced the financial results for the last quarter of the financial year 2017-18, ending with March 31. While Tata Motors' net income grew 14 per cent, but consolidated net profit went down by 49.82 per cent in Q4 of FY 2018.

Tata Motors Group has announced achieving a growth of over 40 per cent in global wholesales, with total wholesales of 102,297 vehicles, for the month of April 2018, against the 61,378 units sold in April 2017.

In April 2018, overall automobile exports grew by 24.21 percent. While Passenger Vehicles exports declined by 15.89 percent