Tag Archives: Sales

Government Bullish EVs Could Make 15 Per Cent Of New Car Sales In India In 5 Years

Nitin Gadkari, Minister of Road Transport Highways & Shipping, has announced at the SIAM annual convention 2018 that the government has no plans to subsidise electric vehicles in India. At present, GST on EVs is charged at the rate of 12 per cent. In contrast, GST is charged at the rate of 43 per cent on the minimum side for ... Read More »

Car Sales August 2018: Hyundai Registers Sales Growth Of 3.4 Per Cent

The country’s second largest car manufacturer, Hyundai Indiaregistered sales growth of 3.4 per cent in the month of August 2018 as it sold 61,912 units compared to 59,905 units sold in the same period last year. However, the domestic sales stood at 45,801 units, a decrease of 2.8 per cent as compared to 47,103 units sold in the same period last ... Read More »

Car Sales August 2018: Mahindra Registers 14 Per Cent Growth

Mahindra & Mahindra announced its auto sales for the month of August 2018, and the automaker has registered a 14 per cent growth in volumes. The company’s overall sales stood at 48,324 units last month, as compared to 42,207 units sold during August 2017. Mahindra’s domestic sales stood at 45,373 units last month, which grew by 15 per cent. The passenger ... Read More »

A year after GST rollout, used car sales rebound in Q1 on lower base

The pre-owned car market has been subdued since November 2016, when the government demonetized high-value notes. Photo: Shankar Mourya/HT New Delhi: A year after implementation of the nationwide goods and services tax (GST), the organized used or pre-owned car sales market has started to recover albeit at a slow pace as the taxes imposed on such vehicles are still higher compared ... Read More »

Auto sales zoom in June, aided by new car launches, low base due to GST

Passenger car market leader Maruti Suzuki’s domestic sales (excluding vans, commercial vehicles) rose 45.32% last month. Photo: Reuters Mumbai: Automobile sales that grew in May picked up further speed in June, aided by new model launches and the low base of the previous year. India’s top five carmakers, Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Tata Motors Ltd, Mahindra and ... Read More »

Report: Autonomous Cars Will Kill New-Car Sales in 2030

An influx of self-driving cars will trigger growth in ride-sharing services such as Uber and Lyft, causing new-car sales to plummet by 2030, according to a new report by financial services company Credit Suisse. “Our global automotive production chain model forecasts global car production flatlining in 2030 with rising production in developing markets offset by declines in developed markets,” the report said. The ... Read More »

Silicon Valley Auto Show hopes tech can help drive auto sales

The 2018 Silicon Valley Auto Show is underway at the McEnery San Jose Convention Center, showcasing a wide range of new technological features to improve safety and comfort. (KGO-TV )  The 2018 Silicon Valley Auto Show is underway at the McEnery San Jose Convention Center, showcasing a wide range of new technological features to improve safety and comfort. Some of ... Read More »

Auto firm links sales of used cars and new vehicles

The mobile phone app of Guazi.com, China’s largest used-car dealer, which is now a car trading firm.[Photo provided to China Daily] An auto services firm is riding the internet and technologies such as big data to adopt a new business model that integrates used-car and new-car sales businesses, including features such as financing and after-sales services. On Oct 31, Guazi.com, ... Read More »

Phone Compatibility Effecting New Car Sales: Report

A new report conducted by Strategy Analytics finds that whether in North America, Western Europe or China, the average car shopper now agrees on one thing — they want to be able to use their handsets and their favorite apps while behind the wheel — even if it means paying a premium to do so. After a slow start, car ... Read More »

New car sales in UK fall for fifth straight month

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