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Tag Archives: Car sales

Petrol variants hit the most, car sales lacklustre in May

Car sales continued on the downhill path in May on worrisome macroeconomic situation and were further roiled by a rise in petrol prices towards the month-end. Sales at Maruti Suzuki, the country’s top car maker, fell 4.3% while Hyundai, the second-largest company, and Tata Motors witnessed subdued growth. Petrol cars bore most of the brunt. Only Mahindra & Mahindra (M&M) ... Read More »

Feb car sales up 13 pct y/y

Demand for cars in India fell for the first time in three years last July as high interest rates and rising fuel costs deterred buyers. Indian automakers sold 211,402 cars in February, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Sales of trucks and buses, a key indicator of economic activity, rose 18.7 percent ... Read More »

A bumpy ride for the world’s cheapest car

But then, no-one, not even Tata, could have imagined the incredibly challenging gestation period the Nano went through from motor show to showroom. Undoubtedly the biggest setback for the Nano was the traumatic factory relocation of 1,000 miles (1,600km) across the country, from Singur, West Bengal, to Sanand in Gujarat, which delayed the launch by over a year. When the ... Read More »

Car sales growth slows in April

NEW DELHI: Car sales started the new fiscal on a modest note as rising interest rates and fuel prices are set to moderate demand from the scorching 30%-plus growth rate of 2010-11. Companies are already concerned about the “negatives” that are building up at a time when vehicle prices have gone up due to higher input costs, hitting affordability and ... Read More »