TVS Motor sales down 19 per cent in October
Business | November 01, 2019 15:35 ISTThe company, which primarily makes two-wheelers and three-wheelers, had sold 3,98,427 units in the same month last year, TVS Motor Company said in a statement.
The company, which primarily makes two-wheelers and three-wheelers, had sold 3,98,427 units in the same month last year, TVS Motor Company said in a statement.
Maruti Suzuki, India's biggest car manufacturer has managed to give its sales numbers a boost in the Diwali festive season. Maruti, which was struggling because of the overall slowdown in the auto sector has managed to rack up some solid numbers.
Passenger vehicle sales, which were in the doldrums since late last year, have shown positive sales trajectory this year in comparison to the off-take witnessed during Dhanteras 2018.
Prolonged weak domestic demand and falling prices have forced the Sajjan Jindal-led alloy major JSW Steel to revise its production and sales guidance by nearly 3 per cent.
Passenger car sales were down 33.4 per cent to 1,31,281 units last month as against 1,97,124 units in September 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday.
Luxury carmaker Mercedes-Benz India on Wednesday reported a 15.89 per cent fall in sales in the first nine months (January-September) of the year at 9,915 units as compared with 11,789 units in the same period last year.
German luxury carmaker Mercedes-Benz said on Tuesday that it has delivered over 200 cars of various models to customers in Mumbai, Gujarat and other cities in a single day as part of the festival season sale.
During the January-June period of 2018, sales were recorded at 72,438 units. Compared to the previous six months of July-August 2018, the sales in the first half of 2019 rose by 8 percent, according to JLL's half-yearly report.
The company is still hopeful that sales will revive due to favourable indicators on monsoon and expected actions by the new government. In April, HCIL reported 23 per cent increase in domestic sales at 11,272 units as against 9,143 units in the same month last year.
The company had sold 40,158 units in December 2017, HMIL said in a statement.
The Delhi-NCR witnessed sales of 31,550 units during January-September 2018 as against 29,400 units in the corresponding period of the previous year.
Online channels will see around 42 per cent of the total business in smartphones, which will hog the limelight this festival season.
The company had sold 42,207 units in the same month last year, M&M said in a statement.
Honda Motorcycle India, crosses 5 lakh sales mark and becomes number one two-wheeler brand in South India. Expanded production capacity in Narsapura plant in Karnataka, the largest two-wheeler production plant in the world.
Flipkart has revealed that it will offer 10 percent cashback on credit cards from Citibank during 72 hours of Freedom Sale.
The issue figured prominently during the third India-Russia military industrial conference held here on the sidelines of the Defence Expo, officials said.
Amazon India has said that its gross merchandise sales grew 66% between April and September, signifying a 23% lead over its homegrown competitor Flipkart during the period.
Indian smartphone users have reiterated that lack of innovation, coupled with high prices of iPhone devices, stopped them from buying iPhone8 and 8Plus
German luxury car maker Mercedes Benz on Tuesday reported its best ever quarterly sales in India at 3,650 units, albeit just a marginal increase from the year-ago period.
Automobile major Maruti Suzuki India on Thursday reported a 12.2 per cent increase in sales for November.
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