Sales Figures

Sameer Contractor

Nov 8, 2019, 9:39 PM

Mahindra's Q2 Profit Drops By 27% For FY2020

One of India's largest conglomerates, Mahindra & Mahindra reported a 26.5 per cent drop in quarterly net profit for the period between July and September during FY2019-20. The drop in profits emerges after the automaker has been struggling to sail through the market slowdown that has limited the sales for its SUVs, cars, trucks and commercial vehicles since the beginning of the year. The Scorpio manufacturer reported a loss of 21 per cent in volumes in domestic sales with 110,824 sold during Q2 FY2020, as against 141,163 units sold during the same period last fiscal.

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  Seshan Vijayraghvan | Nov 8, 2019

  Renault India Delivers Over 10,000 Triber MPVs In Just 2 Months

  The Renault Triber subcompact 7-seater has achieved a new sales milestone in India by crossing the 10,000 deliveries mark, in just two months. The 10,001st Renault Triber was recently handed over to a customer at the company's Mumbai dealership, Benchmark Motors.

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  car&bike Team | Nov 7, 2019

  Toyota Posts 14% Rise In Second-Quarter Operating Profit As Car Sales Rise

  Toyota Motor Corp posted a 14% rise in second-quarter profit on Thursday, boosted by a rise in global vehicle sales and an improvement in its North American business.

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  car&bike Team | Nov 6, 2019

  Mitsubishi Motors Slashes Full-Year Profit Forecast On Slowing Car Sales

  Mitsubishi Motors Corp on Wednesday cut its full-year profit outlook by 67% as it expects sluggish demand in North America and China will continue, while a strong yen and research and development costs will also hurt the automaker's bottom line.

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  car&bike Team | Nov 5, 2019

  Suzuki Motor's Second-Quarter Profit Slides 32%, Hit By India Demand Slump

  Suzuki Motor Corp reported on Tuesday a 32% fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.

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  Sameer Contractor | Nov 4, 2019

  MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Survey

  The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. However, according to the data released by Jato Dynamics India, it was the Multi-Purpose Vehicle (MPV) segment that managed to sail against the tide and record growth between April and September FY2019-20.

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  Seshan Vijayraghvan | Nov 2, 2019

  Fully-Electric Audi e-Tron SUV Tops Norway's October Car Sales

  The fully-electric Audi e-Tron SUV has become the top-selling vehicle in Norway, for the month of October 2019. According to the registration data shared by the Norwegian Road Federation, the Ingolstadt-based carmaker delivered 879 units of the Audi e-Tron electric SUV in Norway last month.

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  Seshan Vijayraghvan | Nov 2, 2019

  Mahindra Has Retailed Almost 2000 Electric Vehicles In October 2019

  Mahindra Electric, the EV arm of the utility vehicle manufacturer, Mahindra and Mahindra has retailed almost 2000 electric vehicles in India, in October 2019. According to a social media post by Pawan Goenka, MD & CEO, Mahindra and Mahindra Ltd., the 2000 units are the cumulative sales between e-Verito, e-Alfa Mini, and Treo.

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  Sameer Contractor | Nov 2, 2019

  Car Sales October 2019: Volkswagen Polo & Vento Register 19% Growth

  Volkswagen India managed to buck the trend with its volume models - the Polo and the Vento registering a 19 per cent growth in October this year. While the auto industry has been on the road to recovery, sales reports continue to remain lower than expectations. However, the arrival of the festive season including Navratri, Dussehra and Diwali last month, expedited purchase decision for several buyers, helping carmakers post a positive growth. Volkswagen sold 3213 units of the Polo and the Vento in October 2019, as opposed to 3191 units that were sold during the same month last year. It is to be noted that the month October 2018 was a non-festive month last year.

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