car sales

car sales january 2024: Carmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front

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car sales january 2024: Carmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front

India’s leading carmakers reported their best-ever monthly sales in the local market growing volumes by more than 13% to 394,571 units in January as dealers filed in inventories depleted during year-end sales.Prior to this, passenger vehicle sales had peaked at 391,811 units in October 2023. Industry volumes were buoyed by market leaders Maruti Suzuki, Hyundai … Read more

Car sales in India drive past 4-million mark in 2023

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Car sales in India drive past 4-million mark in 2023

India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023 buoyed by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates. More than 4.1 million cars, sedans and utility vehicles were sold in the domestic market last year, an 8.2% increase from the 3.79 … Read more

Vehicle registrations zoom 21% in December

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Vehicle registrations zoom 21% in December

Vehicle registrations – a proxy for retail sales – increased 21% last month as consumers closed purchases across categories availing of year-end discounts and anticipating a price hike in the new year. This growth in monthly registrations was a sharp pickup from the previous two years when the numbers had dropped – by 5.4% in … Read more

Mercedes Benz India: Mercedes-Benz to invest Rs 200 cr in India in 2024, to launch a dozen new cars

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Mercedes Benz India: Mercedes-Benz to invest Rs 200 cr in India in 2024, to launch a dozen new cars

German luxury carmaker Mercedes-Benz is set to invest Rs 200 crore in India in 2024 and is gearing up to introduce more than a dozen new cars, including EVs this year. In 2024, Mercedes-Benz India is planning to introduce over 12 new vehicles, encompassing three electric models. Approximately half of these launches will fall within … Read more

car sales: Volvo says car sales in India jumped 31 per cent at 2,423 units in CY2023

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car sales: Volvo says car sales in India jumped 31 per cent at 2,423 units in CY2023

Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31 per cent yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model. Volvo Car India had retailed 1,851 cars in the domestic market in 2022 calendar year, the company said in a statement. The … Read more

car sales: Fantastic four – Hyundai, Tata, M&M and Toyota – fire up Motown, drive into record books

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car sales: Fantastic four – Hyundai, Tata, M&M and Toyota – fire up Motown, drive into record books

New Delhi: In a record year for car sales, only four companies – Hyundai, Tata Motors, Mahindra & Mahindra and Toyota – hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got to 1.71 million units, but that was still short of its pre-Covid record of 1.73 … Read more

India’s record car sales in 2023: Here’s a look under the hood

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India’s record car sales in 2023: Here’s a look under the hood

India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more

Sales of Indian SUVs soar, smaller cars skid in December

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Sales of Indian SUVs soar, smaller cars skid in December

Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday. While entry-level vehicles remain a millstone around automobile makers’ necks, they have benefited from the sales of premium vehicles, catering to a more well-off demographic largely unaffected by inflation. Maruti Suzuki … Read more

Efforts to boost localisation adding on to revenue of component firms

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Efforts to boost localisation adding on to revenue of component firms

India’s love for larger, feature-rich vehicles, coupled with efforts being undertaken by stakeholders to deepen localisation, is turning into a boon for local autos parts makers with component sales in the country surging to a whopping $ 36.1 billion in the first six months of the current financial year. An increase in value of sales … Read more