June Auto Production LIVE Updates: Hero MotoCorp 2-Wheeler Sales Rises 10%
Key Highlights (YoY):
Dispatches 5.54 lakh motorcycles and scooters.
Maintains retail momentum with 3.94 lakh Vahan Registrations.
Scooter Sales rises 36.7% to 41,305 units versus 30,220 units.
Total domestic sales rises 7% to 5.25 lakh units versus 4.91 lakh units.
2-Wheeler Sales at 5.5 lakh units versus NDTV Profit Estimate of 5.6 lakh units.
Motorcycle Sales rises 8% to 5.1 lakh units.
Total 2-Wheeler Sales rises 10% to 5.5 lakh units.
Exports At 28,827 Units versus 12,032 units.
June Auto Production LIVE Updates: Maruti Suzuki Total Production Falls 4.2%
Key Highlights (YoY):
June total production down 4.2% to 1.27 lakh units versus 1.33 lakh units.
June total passenger vehicles production falls 4.2% to 1.25 lakh units versus 1.3 lakh units.
June Auto Sales LIVE Updates: Maruti Suzuki Total Sales Falls 6%
Key Highlights (YoY):
Passenger vehicle sales at 1.18 lakh units versus NDTV Profit estimate of 1.68 lakh units
Total sales falls 6% to 1.68 lakh units.
Total exports rise 22% to 37,842 units.
Total domestic sales falls 12% to 1.3 lakh units.
Total domestic private vehicle Sales falls 13% to 1.19 lakh units.
June Auto Sales LIVE Updates: Hyundai Exports Rise 13%
Key Highlights:
Total sales rises 3.7% to 60,924 units versus 58,701 units in May.
Total domestic sales were relatively stable with 0.3% advance to 44,024 units versus 43,861 units in May.
Total Exports rises 13% to 16,900 units versus 14,840 units in May.
Audi Retail Sales Decline 14% In First Six Months To 2,128 Units
Luxury carmaker Audi on Tuesday said its half-yearly retail sales declined 14% year-on-year to 2,128 units.
The company sold 2,477 units in the January-June period of last year.
The brand with the four rings is facing headwinds as slowing demand — driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions — continues to impact performance, Audi India said in a statement.
Source: PTI
Innovation Will Fast Track Growth For Indian Auto Players, Says Deepak Shenoy
The Indian auto sector is poised for acceleration, with innovators earnings the lion's share of growth, according to Deepak Shenoy, chief executive officer of Capitalmind Mutual Fund.
A general recovery in sales volumes have been particularly driven by higher disposable income due to revised tax slabs. The players who consistently redefine their offerings are set to capture the largest share of the upcoming demand, Shenoy said, during a televised interaction with NDTV Profit on Tuesday.
Read full story here.
June Auto Sales LIVE Updates: Atul Auto Sales Rise 3%
Key Highlights (YoY):
Total sales up 2.9% to 2,705 units
Domestic sales up 0.4% to 2,511 units
June Auto Sales LIVE Updates:Â Ashok Leyland Sales Rise 3%
Key Highlights (YoY):
Total sales up 3% to 15,333 units
Domestic sales down 1% to 14,184 units
June Auto Sales LIVE Updates: Tata Motors Monthly Sales Fall 12%
June Sales Key Highlights (YoY)
Domestic sales down 12% to 65,019 units
Passenger vehicle sales down 15% to 37,237 units; commercial vehicle sales down 5% to 30,238 units
Q1 Sales Highlights (YoY)
Domestic sales down 10% to 2.03 lakh units
Passenger vehicle sales down 2% to 1.16 lakh units; commercial vehicle sales down 6% to 85,606 units
Company cites volume pressure in passenger vehicle segment during Q1.
June Auto Sales LIVE Updates:Â TVS Motor Monthly Sales Rise 20%
June Sales Key Highlights (YoY)
Two-wheeler sales up 20% to 3.85 lakh units
Total sales up 20% to 4.02 lakh units
Exports up 54% to 1.17 lakh units
Three-wheeler sales up 42% to 16,303 units
Q1 Sales Key Highlights (YoY)
Two-wheeler sales up 17% to 12.32 lakh units
Three-wheeler sales up 46% to 45,000 units
Exports up 39% to 3.52 lakh units
Total sales at 12.8 lakh units
US-India Trade Deal: Limited Tariff Cuts Without Relief For Auto, Steel Expected
An interim trade deal between the US and India may offer only a limited tariff cut for Indian goods without relief on auto, auto components, steel, aluminium duties.
The mini trade deal is likely to exclude sector-specific tariff cuts, government sources told NDTV Profit on Tuesday.
Read the full story here.
June Auto Sales LIVE Updates: SML Isuzu Sales Up 6.3%
Key Highlights
Total sales up 6.3% to 1,871 units
Cargo vehicle sales up 41.6% to 480 units
Passenger vehicle sales down 2.1% to 1,391 units
June Auto Sales LIVE Updates: Eicher Motors' Royal Enfield Monthly Sales Rise 22%
Key Highlights (YoY):
Royal Enfield sales up 22% to 89,540 units
Total exports up 79% to 12,583 units.
June Auto Sales LIVE Updates: M&M Monthly Sales Rises 14%
Key Highlights (YoY):
Total sales up 14% to 78,969 units
Passenger vehicle sales up 18% to 47,306 units
Total exports up 1% to 2,634 units
Tractor sales up 13% to 53,392 units
Domestic commercial vehicle sales down 0.1% to 20,575 units
Three-wheeler sales up 37% to 8,454 units
Read full story here.
June Auto Sales LIVE Updates:Â JSW MG Motor India Sales Rise 21%
JSW MG Motor India sales rose 21% year-on-year to 5,829 units in June, according to a statement.
June Auto Sales LIVE Updates: Escorts Kubota Monthly Sales Up 1%
Key Highlights (YoY)
Escorts Kubota June tractor sales up 2.2% to 11,498 units.
Domestic tractor sales down 0.1% to 10,997 units.
Tractor exports up 114.1% to 501 units.
June Auto Sales LIVE Updates: Bajaj Auto Monthly Sales Up 1%
Key Highlights (YoY)
Two-wheeler sales down 2% to 2.98 lakh units.
Commercial vehicle sales up 14% to 62,322 units.
Total sales up 1% to 3.6 lakh units.