Sales Figures News

Mercedes-Benz India sold over 4,000 cars in Q1 2022 and already has an order bank of over 5,000 cars, its largest ever so far and the company expects that number to grow exponentially.

Two-wheeler loans are likely to become more expensive, leading to a hit in consumer demand in the segment.

Carmaker said that the company has sold over 11,000 cars under its new sales model while its order books continued to grow.

The Federation of Automobile Dealers Associations cautioned comparison with the April 2020 and April 2021 period since the Indian vehicle market witnessed a country-wide lockdown during phases 1 and 2 of Covid-19.

In Q4 FY2022, Hero MotoCorp achieved a profit after tax of Rs. 627 crore, witnessing a drop of 28 per cent compared to the Rs. 865 crore profit registered in the quarter that ended on March 31, 2021.

The Bajaj Pulsar 250 was launched in October 2021, and is offered in two variants, the Pulsar N250 and the Pulsar F250.

In April 2022, WardWizard, manufacturer of Joy e-bike electric two-wheelers, sold 4,087 units in India, witnessing a more than 8-fold growth of 766 per cent compared to the 472 electric two-wheelers sold in April 2021.

Porsche India sold a total of 188 units in this period, led by the Porsche Cayenne and Porsche Macan, as well as the recently launched Porsche Taycan electric sports car.