Auto Sales

Passenger Vehicle Sales Fall Nearly 24% In September: Industry Body SIAM

Business | Edited by Sandeep Singh (with inputs from Reuters) | Friday October 11, 2019

Passenger vehicle sales in the country fell 23.69 per cent last month, data from industry body SIAM or the Society of Indian Automobile Manufacturers showed on Friday. That marked the longest ever streak of falling sales for the country's automobile industry. The data comes at a time the country's auto sector is struggling against weak demand leadi...

Car Sales September 2019: SUVs Demand On The Upswing During Festive Season, Despite Slowdown

Shubham Parashar | Friday October 11, 2019

Heavy discounts on popular SUVs like the Maruti Suzuki Vitara Brezza and Hyundai Creta has helped the UV segment to record positive growth while sales in all other segments have declined.

Passenger Vehicle Sales Slump 23.7% In September, 11th Month Of Decline

Business | Reuters | Friday October 11, 2019

Passenger vehicle sales slumped 23.7% in September - the eleventh straight month of declines - amid one of the worst slowdowns seen in India's auto industry, data released by an industry body showed on Friday.

Slowdown In Auto Sector Prompts Goa To Cut Road Tax By 50 Per Cent

India News | Press Trust of India | Wednesday October 9, 2019

In a bid to boost demand in the auto sector battling downturn, the Goa government on Wednesday announced to slash road tax by 50 per cent on the purchase of any type of new vehicles for a period of three months, till December 31.

There's a Disconnect in the Latest Auto Sales Figures: Report

Bloomberg LP | Saturday October 5, 2019

A key figure used for decades to sum up the state of the auto market looked wildly out of step with carmakers' own sales reports this week, and the dissonance could continue for months to come.

Maruti Suzuki Sales Fall 27% In September

Business | Edited by Sandeep Singh | Tuesday October 1, 2019

Maruti Suzuki said its total passenger vehicle sales in the domestic market fell 27.10 per cent to 1,10,454 units. Maruti Suzuki shares rose around 2 per cent in intraday trade.

Maruti Suzuki Expects Higher Retail Sales In September 2019

Reuters | Tuesday September 24, 2019

Indian auto sales fell for the 10th straight month in August, marking one of the worst slowdowns in the industry's history and the festive season will bring in some relief

Maruti Suzuki Sees Higher Sales In September

Business | Thomson Reuters | Monday September 23, 2019

August domestic sales at Maruti Suzuki fell 34.3 per cent, one of the biggest monthly drops in sales in recent times.

GST Council Meeting: No Reduction In GST For The Auto Industry

Ameya Naik | Friday September 20, 2019

The GST council has not announced any rate cuts on the passenger vehicles and that means there will be no change in the price of cars and bikes.

Tata Motors Group Global Wholesale Down By 32 per Cent

Edited by Shubham Parashar | Sunday September 15, 2019

The overall de-growth in Tata Motors business is due to the slowdown in the Indian auto business which has adversely affected its domestic business while JLR sales in global markets aren't adding up substantially.

Mahindra Extends Plant Shutdown By Three Days

Edited by Shubham Parashar | Sunday September 15, 2019

Automakers in India have reduced their inventory level to 21 days on an average as compared to an average of 90 days prior to the slowdown phase.

Auto Crisis: Maruti Suzuki's Market Share Down By 2%; Huge Jump For Hyundai

Edited by Ameya Naik | Saturday September 14, 2019

The automobile sector has been a witness to the biggest drop in sales ever since 1998 and there are several factors that have contributed to this. Right from new emission norms kicking in to raw materials and fuel prices soaring, to GST rates and finally, low buying sentiment. The drop in sales have of course affected even the market share of compa...

Skoda Auto Says Global Deliveries Down 4.1 Per Cent In August

Reuters | Saturday September 14, 2019

In China, Skoda sold 22,100 cars, down by 23.8 per cent compared to the same month last year. In all other segments, Skoda reported growth.

Auto Sector Crisis: Government In Consultation With States On GST, Says Nitin Gadkari

Business | Indo-Asian News Service | Wednesday September 11, 2019

the country's automobile industry, which has been heavily dented by the consumption slowdown, has been demanding a reduction in GST from 28 to 18 per cent.

Finance Minister's "Ola, Uber" Remark Misinterpreted, Says Nitin Gadkari

Sameer Contractor | Wednesday September 11, 2019

Minister of Road Transport and Highways (MoRTH) Nitin Gadkari said says that Finance Minister Nirmala Sitharaman's statement on the slowdown in the auto sector contributed by Ola and Uber was misinterpreted. The Union Minister was speaking earlier today at the launch of the BS6 compliant Honda Activa 125 and said that there were, in fact, many reas...