Hero MotoCorp, the world’s largest two-wheeler maker, said it has cut its estimate for expenditure on capital expenses — such as factory expansion — by half for the current year due to the COVID-19 pandemic. The company had said it would invest Rs 10,000 cr in the next five to seven years for product development, […]
TVS Motor Co, one of India’s top three two-wheeler makers, said it is getting ready to restart manufacturing operations after registering zero sales for the month of April due to the pan-India Coronavirus lockdown. “TVS Motor Company is gearing up to restart operations as per state guidelines and is undertaking strong measures to safeguard the […]
VE Commercial Vehicles, a joint venture between Sweden’s Volvo Group and India’s Eicher Motors, said it has received permission from the government to restart manufacturing operations at its commercial vehicle manufacturing plant in Madhya Pradesh. Considering the wider lock-down in place, it said, it is not planning on any immediate ramp-up in manufacturing operations. “The […]
Maruti Suzuki, India’s largest carmaker, reported a sharp decline in the sales of its larger cars and utility vehicles in January, even as sales of small and compact cars remained resilient. Sales of Ciaz, the mid-segment sedan that costs around Rs 10 lakh, fell by a whopping 71.5% to 835 units in January compared to […]
After a slow 10 months, Escorts – one of India’s largest tractor makers – reported a 1.2% growth in tractor sales in India during January this year compared to the same month of 2019. The growth indicates a slight increase in the company’s sales trends compared to the rest of the financial year so far. […]
Maruti Suzuki, India’s No.1 car maker, said its SUV-like mini car, S-PRESSO, has crossed the 10,000 unit sales mark within the first month of its launch — an important milestone that puts the model in the top 10 selling cars in the country. The best-selling cars in the country, such as the Swift, moves around […]
Tata Motors’ UK unit Jaguar Land Rover reported a 5.5% decline in its October retail volumes, largely in line with the performance seen in recent months. However, the dip indicated a reversal from September, when it had posted largely flattish numbers and strong sales of 56,832 units. In October, the company has been able to […]
Royal Enfield, the country’s most popular premium motorcycle brand, reported a 22% decline in its September quarter motorcycle sales, even as revenue for parent Eicher Motors fell 9%. Royal Enfield sold 1.63 lakh motorcycles during the three months, down from 2.10 lakh motorcycles sold over the same period in 2018, even as it invests heavily […]
The arrival of the festival season a month earlier than last year helped Maruti Suzuki report a decent auto sales growth for October 2019. Maruti Suzuki reported a 2.5% increase in its domestic market sales in October to 1.41 lakh vehicles, compared to 1.38 lakh in October last year. This comes after a string of […]
Mahindra & Mahindra, one of India’s biggest home-grown automakers, reported continued pain in its passenger vehicle department, but sales decline a its commercial vehicle and tractor divisions seemed to show signs of moderation in September. Domestic sales of passenger vehicles were down 33% in September, doing worse than August, when they had declined 32%. The […]
Hero MotoCorp, Tata Motors and Royal Enfield have reported sharp declines for their August 2019 auto sales. While Hero MotoCorp, the world’s largest motorcycle manufacturer by volumes, reported a 21% fall in August sales to 5.43 lakhs, Royal Enfield reported a 24% decline and Tata Motors reported a 48% fall. Hero MotoCorp’s numbers indicated an […]
Mahindra & Mahindra Ltd. (M&M Ltd.), the second biggest home-growth automaker, reported a 15% fall in its July auto sales, shortly after Maruti Suzuki reported a 33% decline. Total domestic auto sales was down 16%, versus 35% for Maruti Suzuki. The decline in its Utility Vehicle sales, which account for about 40% of the company’s […]
Maruti Suzuki reported one of the worst auto sales declines in recent years, with sales in India falling 35.1% to 98,210 vehicles in July 2019. The company had seen a decline of 17.3% in its India retail sales in the previous month, which stood at 1.11 lakh. The decline in July was similar across the […]
Jaguar Land Rover, the UK subsidiary of Tata Motors, reported a decline of 12.2% in retail sales in May due to ‘lower sales in China, overseas market and Europe’. It sold 42,370 units in May 2019, down 5,911 units from the same month last year. This compares to a decline of 13.3% posted in April […]
Commercial vehicle maker Ashok Leyland reported a 4% drop in domestic sales of medium and heavy commercial vehicles in May as the Indian auto industry grapples with an overall slowdown. Within the medium and heavy commercial vehicle segment, truck numbers fell by 168 units or 2% to 7,325, while bus numbers declined by 173 units […]
Bajaj Auto reported a 7% jump in two-wheeler sales in India for May, while overall sales of two-wheelers and three-wheelers were up 3%. Bajaj Auto, the country’s biggest two-wheeler exporter, also reported a jump of 6% in its May exports. Bajaj sold 2.05 lakh motorcycles in India during May and exported 1.59 lakh. Bajaj Auto’s […]
Jaguar Land Rover, the UK subsidiary of Tata Motors, reported a decline of 13.3% in retail sales in April due to ‘lower sales in China, overseas markets and Europe’. It sold 39,185 units in April 2019, down 5,995 units from the same month last year. This compares to a decline of 8.2% posted in March […]
Two-wheeler maker TVS Motors reported an increase of 2% in the domestic two-wheeler sales in April. It sold 2.48 lakh units of two-wheelers in India, up by 6,852 units from last year. Of the 2.48 lakh units, TVS Motors sold 1.43 lakh of motorcycles and 97,323 lakhs of scooters in April. Both scooter sales and […]
Indian car manufacturer Mahindra and Mahindra reported a decline of 7% in sales of its utility vehicles in April. It sold 18,884 utility vehicles in the month, down by 523 units last year. Its competitor, Maruti Suzuki, on the other hand, witnessed an increase of 6% in the utility vehicle segment in April, though the […]
Bajaj Auto, the country’s biggest two-wheeler exporter, reported a jump of 8% in its April exports, and an increase of 3% in domestic sales. Overall, the company’s total sales for the month were up 2%. Bajaj sold 2.05 lakh motorcycles in India during April and exported over 1.68 lakh. The company reported its highest ever […]
