Auto companies ramp up discounts, cut prices amid demand revival hope

Auto companies ramp up discounts, cut prices amid demand revival hope

Automakers are hoping for October to bring the demand spike that is typical of the festive period, after a subdued start to the season, with sales during Onam and Ganesh Chaturthi failing to match expectations. And to entice potential buyers who may still be undecided about the timing of the purchase, the companies are offering … Read more

Bajaj looks to expand Triumph range, sales network to fuel future growth

Bajaj looks to expand Triumph range, sales network to fuel future growth

Bajaj Auto plans to expand the product line up and bolster sales network under the Triumph brand to consolidate its position in the robustly growing domestic mid-size motorcycle segment, according to a senior company executive. The Pune-based firm, which has a global partnership with British motorcycle brand Triumph, on Tuesday unveiled two 400-cc bikes, Speed … Read more

Two-wheeler sales volume growth to continue this fiscal: CareEdge Ratings

Two-wheeler sales volume growth to continue this fiscal: CareEdge Ratings

The two-wheeler industry is expected to sustain a steady volume growth this fiscal driven by improved domestic sales and good traction in executive and premium segment motorcycles, a report said on Monday. According to CareEdge Ratings, post-Covid, sales volume of two-wheelers had consistently declined during FY20, FY21 and FY22 before starting to recover from FY23, … Read more

Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth

Suzuki predicts India market to expand 2% in FY25, Maruti to outpace industry growth

New Delhi: Japanese auto major Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country.India is a bright spot for the Japanese auto giant, accounting for as much … Read more

Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%

Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%

New Delhi: Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ongoing marriage season. Retail sales of passenger … Read more

Election uncertainty could hurt Indian auto sales in May, dealers’ body says

Election uncertainty could hurt Indian auto sales in May, dealers’ body says

Uncertainty around the ongoing elections in India could hurt automakers’ sales in May despite rising consumer interest for new model launches, a dealers’ body said on Wednesday. The world’s most populous nation began voting on April 19 in a massive general election where Prime Minister Narendra Modi is seeking a rare third straight term. “Election … Read more

Auto sales April: India’s April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA

Auto sales April: India’s April auto sales rise 27% even as election uncertainty affects consumer sentiment: FADA

The auto retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger … Read more