WHOLESALE DISPATCHES
Kia India sales surge 10 pc to 21,300 units in June
Kia India reported a 10% year-on-year increase in June wholesales, reaching 21,300 units. For the first half of 2024, sales grew by 6% to 126,137 units. Senior VP Hardeep Singh Brar credited strong product offerings and noted plans to maintain this growth through further network expansion.
Toyota records highest-ever monthly sales in June at 27,474 units
Toyota Kirloskar Motor achieved its best-ever monthly sales in June 2024, with 27,474 units, marking a 40% increase from June 2023. Domestic sales were 25,752 units, while exports reached 1,722 units. The sales surge was driven by strong demand for SUVs and MPVs and strategic expansion into rural markets.
PV sales up in low-digits as growth pace moderated in May: SIAM
Passenger vehicle dispatches increased by 3.9% in May, setting a new record. Three-wheeler sales surged by 14.7%. Two-wheelers grew by 10.1%. The industry is optimistic about steady growth in 2024-25 due to expected good monsoon and economic development.
HMSI posts 45 per cent jump in domestic sales in May
Honda Motorcycle and Scooter India sold 4,50,589 units in India in May, 45 per cent higher than 3,11,144 units dispatched in May 2023. Exports increased to 41,458 units in May from 18,248 units in the year ago period. Total sales last month rose to 4,92,047 units from 3,29,393 units sold in May 2023.
Passenger vehicle wholesales in slow lane in May due to high base effect, elections
Passenger vehicle wholesales in India grew marginally in May due to the high base effect and muted demand during the general elections. Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, Kia India, and MG Motor India all reported varying levels of growth.
Toyota sales up 24 pc at 25,273 units in May
In May, Toyota Kirloskar Motor (TKM) recorded a 24% year-on-year increase in total wholesales, reaching 25,273 units. Domestic sales accounted for 23,959 units, while exports were 1,314 units. This marks growth from 20,410 units dispatched to dealers in May 2023. TKM attributes success to customer-centric strategies, providing diverse products and services.
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MG Motor sales dip 5 pc in May at 4,769 units
MG Motor India's wholesale figures for May showed a 5% decline at 4,769 units compared to the same period last year when it dispatched 5,006 units. The company highlighted positive interest in its electric vehicles (EVs), which accounted for 36% of total monthly sales, maintaining a significant contribution in May 2024.
Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ongoing marriage season
Hyundai sales rise 9.5 pc to 63,701 units in April
Hyundai Motor India's April wholesales grew by 9.5% to 63,701 units, with domestic sales up 1% to 50,201 units. Exports increased by 59% to 13,500 units. SUVs like Creta and Venue were key sales drivers.
Toyota sales grow 32% to 20,494 units in April
Toyota Kirloskar Motor reported a 32% YoY increase in wholesales to 20,494 units in April, despite a week-long maintenance shutdown. The company's domestic sales reached 18,700 units, while exports reached 1,794 units. The company's diversified portfolio reflects its strong market connection.
Passenger vehicle wholesales surge; up by 8.4% in FY24, SIAM data shows
India's passenger vehicle wholesales reached a new high of 42,18,746 units in the 2023-24 financial year, an 8.4% increase from the previous year. The growth was attributed to strong demand for utility vehicles, with two-wheeler sales seeing a 13.3% growth. Vehicle sales across all categories also rose by 12.5%. Exports experienced a 5.5% decline. The Indian automobile industry's growth was attributed to India's 7.6% economic growth and favorable government policies.
Honda Motorcycle and Scooter domestic sales surge 81 pc to 3,58,151 units in March
Exports increased 95 per cent to 28,304 units last month from 14,460 units in March 2023, Honda Motorcycle & Scooter India (HMSI) said in a statement. The total sales rose to 3,86,455 units last month against 2,12,002 units in the same month last year, it added.
Bajaj Auto reports 25 pc rise in total wholesales in March
Total domestic sales (including commercial vehicles) rose 18 per cent at 2,20,393 units in the last month compared to 1,86,522 units sold in the same month last year.
Tata Motors total domestic sales rise to 90,822 units in March
Tata Motors reported a 2% increase in total domestic wholesales in March, reaching 90,822 units. Passenger vehicle sales surged by 14%, with commercial vehicle dispatches declining by 10%. For the fiscal year ending March 31, 2024, total domestic wholesales rose by 2%, marking the third consecutive year of record sales.
Royal Enfield wholesales rise 6 pc in February
Royal Enfield, a part of Eicher Motors, reported a 6% YoY increase in wholesales to 75,935 units in February. Domestic sales grew 5% to 67,922 units, and exports rose 13% to 8,013 units. Existing motorcycles contributed to the strong growth. CEO B Govindarajan is confident about a healthy overall performance.
Mahindra wholesales rise 24 pc in Feb at 72,923 units
The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 40 per cent to 42,401 units last month against 30,358 in February last year, the auto major said in a statement.
Auto dispatches scale new peak as dealers stock up post year-end sales
Sales of two-wheelers rose 26% from a year earlier to 1,495,183 units last month. Three-wheeler dispatches went up by 9.5% to 53,537 units. "Passenger vehicles sales have remained resilient led by positive consumer sentiments, while the two-wheeler segment witnessed good growth in January as well, as the rural market continues to recover," SIAM president Vinod Aggarwal said.
Hyundai sales rise 8.5 pc in January at 67,615 units
Exports, however, declined by 14 per cent to 10,500 units in January as against 12,170 units in 2023. This strong growth has been fuelled by an overwhelming customer response to the newly launched Hyundai Creta, which has already garnered close to 50,000 bookings within a month opening, Hyundai Motor India COO Tarun Garg said in a statement.
Sharp correction in December dispatches for Passenger Vehicles in India indicates market slowdown
In December, passenger vehicle (PV) manufacturers in India are expected to experience a significant decline in dispatches to dealers, signaling a slowdown in sales. The easing of demand after festivals and the impact of last year's high base have prompted automakers to reduce dispatches.
Passenger vehicle & two-wheeler sales grow in November on festive demand
According to industry estimates, about 335,354 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, an increase of 3.9% over 322,600 units sold in the same period last year. Industry numbers were supported by market leaders Maruti Suzuki and Hyundai Motor India which reported a growth of 1.3% (134,158 units) and 3.1% (49,451 units), respectively last month.
Royal Enfield sales rise 13 pc to 80,251 units in November
Royal Enfield records 13% rise in November wholesales, reaching 80,251 units. Domestic sales surge by 14%, totaling 75,137 units, while exports witness a 2% increase, reaching 5,114 units. CEO B Govindarajan expresses confidence in sustaining growth with recent launches.
Honda Cars wholesales climb 24 pc to 8,730 units in November
Exports grew by over four-fold at 3,161 units last month as against 726 units in the year-ago period, it added. "Our product line-up saw a good surge in demand throughout the festive period. Our new SUV Elevate has been well received by the market with very high customer consideration," HCIL Director (Marketing and Sales) Yuichi Murata stated.
Festive demand leads to best-ever passenger vehicle, three-wheeler dispatches in October
Indian auto industry (SIAM) reported a record high in passenger vehicle wholesales in October, driven by strong festive season demand. The overall dispatches to dealers rose 16% YoY to 3,89,714 units, while the three-wheeler segment saw its highest monthly dispatch at 76,940 units, a 42% growth from the previous year. The growth is attributed to government policies and the festive season.
Festive demand drives passenger vehicle dispatches to record high in October
Sales of cars, sedans, and utility vehicles in the domestic soared to record levels in October, as automakers increased deliveries to meet strong customer demand during the festive season. Industry estimates indicate that 391,472 passenger vehicles were dispatched to dealers, a 16.3% rise from the previous financial year's 336,679 units. This marks the tenth consecutive month of record-breaking sales, primarily driven by SUV demand, which constituted half of all passenger vehicle sales in October.
Auto dispatches may hit a peak in October and move to the slow lane soon
Carmakers in India have reportedly delivered record numbers of vehicles to dealers in October in anticipation of robust demand. Estimates suggest they shipped between 380,000 and 385,000 cars during the month, outpacing the previous high of 362,000 cars in September, representing an annual growth of 13.5% to 14.5%.
Festive demand steers passenger vehicle wholesales to record high in September
Passenger vehicle wholesales in India reached a record high in September as automakers supplied dealers to meet strong demand during the festive season. The industry dispatched 363,733 units last month, the highest ever recorded. The increase in dispatches can be attributed to dealers preparing for the festive season and the stabilization of chip supplies.
Powered by utility vehicles, PV dispatches to dealers increase 9 pc in August: SIAM
Passenger vehicle wholesales in India increased by 9% in August compared to the same period last year, driven by strong demand for utility models, according to industry body SIAM. Utility vehicle sales rose by 34% to 181,825 units, while passenger car dispatches declined by 10% to 120,031 units, data showed.
Maruti, Hyundai, Tata Motors report brisk wholesales in April
Leading automakers in India, including Maruti Suzuki, Hyundai and Tata Motors, witnessed a double-digit increase in dispatches to dealers in April 2023, as demand for SUVs remained robust. Maruti Suzuki's domestic passenger vehicle wholesales surged by 13% to 137,320 units last month and the SUV's market share rose to 21% from 12.6% in April 2022.
Nissan reports 24 pc increase in wholesales in April
Nissan Motor India Managing Director Rakesh Srivastava said that the positive momentum continues on the strength of the Magnite, which has garnered over one lakh customer bookings.
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