Tag Archives: Sales

New car and bike sales decline for ninth consecutive month

With nine straight months of declining sales, it is no surprise that sales in July 2019 across vehicle segments – passenger vehicles and two-wheelers – are not worth writing home about. Instead, they point to an urgent need for a growth stimulus – ideally a GST rate cut from the existing 28 percent to 18 percent – to revive sales. Else, ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »

Women driving used car sales in India: Honda, Volkswagen, Nissan preferred brands

Women are now key drivers in the growth of used car market in India Gone are the days when a woman was expected to occupy only the passenger seat with a smile plastered on her face as the man flexed his ‘skills’, occasionally cracking a joke or two on women drivers and their lousiness. Shattering all these stereotypes with utmost ... Read More »

BS4 Used Car Sales Increase — BS6 Emission Norms Effective From April 2020

BS4 (BS-IV) used car sales increase ahead of the updated BS6 emission norms that come to effect in April 2020. Major automotive manufacturers are busy making their existing products BS6-compliant while certain models are being discontinued. In order to prevent such units from piling up the inventory, the soon-to-be-discontinued models are currently available with attractive discount offers and exchange bonuses. ET ... Read More »

New car sales in Russia seen slowing in 2019: AEB

MOSCOW: Sales of new cars in Russia are expected to rise 3.6 percent this year to 1.87 million, marking a slowdown from last year’s surge, the Association of European Businesses (AEB) lobby group said on Monday. New car sales in 2018 rose 12.8 percent year on year, while the number of new cars sold in December was 5.6 percent higher than ... Read More »

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 »