New Delhi: The country's largest carmaker Maruti Suzuki on Friday reported 4.99 per cent fall in total sales at 98,884 units for May. The company had sold 1,04,073 units in the same month last year, Maruti Suzuki India said in a statement. In May, MSI recorded domestic sales at 89,478 units, compared to 93,519 units in the year-ago period, registering a fall of 4.32 per cent. Similarly, MSI's exports went...
12:21 PM, Jun 01, 2012
New Delhi: Car makers are hoping that bank will reduce interest rates on car loans following the RBI's cut on lending rates as the industry looks forward to overcome slow growth witnessed last fiscal. Describing RBI's cut in short term lending rate by 0.50 per cent to 8 per cent as "good direction", Maruti Suzuki India Managing Executive Officer Marketing and Sales Mayank Pareek said: "It will spur growth. I...
03:50 PM, Apr 17, 2012
New Delhi: Car sales in India rose just 2.2 percent in the fiscal year that ended in March, a year to forget for automakers marked by demand-smothering high interest rates and rising fuel costs, but are seen posting double-digit growth this year. Sales rose an annual 19.7 percent in March, a fifth straight monthly increase, but still lower than the 30 percent growth seen in the 2010/11 fiscal year, before...
05:51 PM, Apr 10, 2012
New Delhi: The country's largest car-maker Maruti Suzuki has made a turnaround in monthly sales after seven consecutive months of drop, with the company reporting 5.18 per cent rise in sales to 1,15,433 units for January. The company had sold 1,09,743 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. MSI's sales had declined for the seventh consecutive month in December 2011 with the...
02:26 PM, Feb 01, 2012
New Delhi: Car sales in India rose an annual 8.5 percent in December, an industry body said on Tuesday, the second consecutive monthly rise as the industry continued to rebound from record falls in sales in late 2011. Demand for cars in India, the world's second-fastest growing auto market after China, shrank in July for the first time in nearly three years. Sales continued to fall for three consecutive months...
02:06 PM, Jan 10, 2012
New Delhi: Car sales in India registered their steepest monthly decline in over 10 years in October, tanking by 23.77 per cent on account of a huge drop in output by the country's largest car-maker Maruti Suzuki due to labour trouble, coupled with high interest rates and fuel prices. According to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday, domestic passenger car sales stood at 1,38,521...
01:40 PM, Nov 09, 2011
New Delhi: Tata Motors on Tuesday said its global sales stood at 85,392 units in July, down six per cent as compared to the same month last year. Sales of luxury brands from Jaguar Land Rover were flat at 19,119 vehicles in July, Tata Motors said in a statement. While sales of luxury sedans of Jaguar brand were down 23 per cent last month to 4,372 units, Land Rover sales...
06:35 PM, Aug 16, 2011
New Delhi: Car sales in India fell 15.8 percent in July, an industry body said, as higher interest rates, rising fuel prices and vehicle costs crimped demand in the world's second-fastest growing major auto market. Indian automakers sold 133,747 cars in July, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Wednesday. Sales of trucks and buses, a key pointer to economic activity, rose 23.7 percent...
11:30 AM, Aug 10, 2011
Demand is likely to remain strong in the near-term on a robust economic outlook and the easy availability of finance. ...
07:01 PM, Jun 09, 2010
Car companies to ramp up production as sales trends stump their estimates. ...
11:27 PM, Oct 01, 2009
India is one of few markets in world where demand has been picking up. ...
02:32 PM, Sep 08, 2009
Nine of the 11 carmakers saw sales going up in the auspicious 'Navratra' period that began on September 23. ...
02:23 PM, Oct 10, 2006
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