New Delhi: Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September. The two-wheeler major had dispatched 5,36,499 units to dealers in September 2023. The company said its domestic sales rose to 6,16,706 units last month from 5,19,789 units in the year-ago period. Exports rose to 20,344 units … Read more
Bajaj Auto on Tuesday said its vehicle sales jumped 20 per cent to 4,69,531 units in September 2024 from 3,92,558 units sold in the same month of last year. During the reporting month, domestic sales rose 23 per cent to 3,11,887 vehicles from 2,53,193 units sold in September last year, while exports grew 13 per … Read more
Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last … Read more
Rakesh Sharma, ED, Bajaj Auto, says there is no silver bullet that will solve all problems, on the government, society, and consumer fronts. To address these use cases, we will have the coexistence of ICE or let us say gasoline, CNG, and EV. Ethanol is also on the horizon. If there is a significant push … Read more
Carmakers are offering deeper discounts in a desperate push to entice buyers and clear inventory as sales remain sluggish. Starting this month, the level of discounts has risen to 12-14% of the average selling price (ASP) of a vehicle from 10-12% in August. For some models, total discounts offered are well over ₹3 lakh which … Read more
Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in the country for the month of August was 18,91,499, a down from 20,34,116 in July. … Read more
New Delhi: TVS Motor Company expects the scooter segment to grow further and account for around 40 per cent of the overall two-wheeler sales, its CEO KN Radhakrishnan said on Thursday. The company, which on Thursday introduced the new Jupiter 110, said it has outpaced the industry in scooter sales with a compound annual growth … Read more
New Delhi: Two-wheeler sales in India are expected to grow around 6-8 per cent this fiscal and could reach the peak level of 2018-19 either in the fourth quarter or the beginning of next financial year, a top official of Bajaj Auto said on Tuesday. The rising commodity prices, specially natural rubber, have forced the … Read more
The volume growth of the two-wheeler industry will be lower than the last years with a growth rate of around 7-9 per cent in the Financial Year (FY) 2025, the CareEdge Ratings anticipated in its recent report. In the last financial year of 2024, the volume growth of the industry was recorded at 9.8 per … Read more
New Delhi: Vehicle registrations – a proxy for retail sales – were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their purchases. Data collated by industry body Federation of Automobile Dealers Associations (FADA) showed as many as 1,895,552 vehicles were registered last month, a 0.73% … Read more
