Auto sales jump 19% in festive season; price hikes in the offing
Several automakers on Monday announced their plans to raise prices by January 2024.
automobile sales
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Geo-political situation, foreign exchange issues pull down auto exports by 6%: SIAM
Overall automobile exports declined by 6.02% YoY during the period under review.
PV wholesales up 9% to 3.59 lakh units in August: SIAM
In August, domestic utility vehicle sales stood at 1,20,031 units, declining by 10% against 1,33,477 units in the same period last year
Festive season, SUV demand drive auto sales to record high at 3.6 lakh units in August
The domestic automobile retail sales stood at 3,43,000 units during the month under review, up 7.3% vis-a-vis 3,19,800 units in the same period last year.
SUV drives domestic passenger vehicle sales to 3.52 lakh units in July
Notably, the wholesale in the automobile industry stood at 3,52,000 units as against 3,19,500 retail sales in July.
Passenger vehicle sales cross 2 mn mark; up 9.4% in Q1 FY24: SIAM
The total passenger vehicle domestic sales surged 9.4% to 9,95,974 units in Q1 of FY24 as against 9,10,495 units sold in the same period last year.
May auto sales: From Maruti to Kia, here's how automakers performed
Maruti Suzuki, the country's largest carmaker, reported a 10.3% year-on-year (YoY) surge in its sales to 1,78,083 units as against 1,61,413 units in the same period last year.
Auto sales surge 20.3% in FY23 on strong demand for passenger vehicles: SIAM
Passenger vehicle sales were the highest, witnessing a surge of 26.7% to 38,90,114 units in FY23, as against 30,69,523 units in the same period last year.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra rise on robust sales in Q4 FY23
While share prices of leading automobile manufacturers such as Maruti Suzuki, Tata Motors and Mahindra and Mahindra surged as much as 3.5% on Monday, the Nifty Auto index surged 1.53% to 12,430.90.
Quarterly PV sales at record 1 million; India skews further to SUVs, MPVs
In the quarter, 517,898 units of utility vehicles were sold in the domestic market, whereas passenger cars did sales of 468,513 units.
