Sales Figures News

The slowdown in the auto sector has affected every aspect of the industry. In fact, almost every manufactures has been hit but this auto crises, some more than the others, but the biggest hit so far has been received by Maruti Suzuki India.

China has reported a decline of 16 per cent in electric vehicle sales for the month of August. Last month the cumulative sales of all pure-electric, fuel-celled, and plugin hybrids vehicles stood at 85,000 units the China Association of Automobile Manufacturers, compared to 100,000+ vehicles sold during the same month in 2018.

India's second-largest commercial vehicle manufacturer, Ashok Leyland has announced that the company will be observing non-working at its five plants in September. In a regulatory filing, the Hinduja Group company stated that the Ennore plant will have 16 non-working days, Hosur 1, 2 and CPPS will have five non-working days; while the Alwar and Bhandara facilities will have 10 non-working days each. The Pantnagar plant will see the longest shutdown with 18 non-working days this month. The manufacturer has cited weak demand for its products as the reason behind the stopping production.

Auto companies' heads urged New Delhi to revive the sector, crippled by sluggish demand resulting in hundreds of thousands of job cuts, at a conference last week.

Two-wheeler sales in India declined the worst in over two decades in August 2019, with both motorcycle and scooter sales falling over 22 per cent.

The Indian auto industry saw the worst drop as August 2019 saw a decline of 31.57 per cent for total passenger vehicle sales.

The slowdown in the Indian auto industry has left most automobile manufacturers as well as dealers in a pessimistic and sombre mood, as sales continue to elude dealerships. At the second conclave of the Federation of Automobile Dealers Association (FADA) in New Delhi, the overall sentiment remained 'cautiously optimistic' as the FADA President described it.

The Maruti Suzuki Dzire has recently crossed the 19 lakh sales milestone in India, retaining its position as the country's top-selling sedan. The Dzire, earlier called the Maruti Suzuki Swift Dzire, has been maintaining the top spot in the subcompact/compact sedan space for the past 10 years.