Declining sales, negative customer sentiments and unclear future growth has made the business climate more difficult not only for the vehicle manufacturers but also for the auto dealers, according to a study.
Japanese car giant Honda plans to nearly double sourcing of auto components, including engine parts, from India to over Rs 800 crore during 2014-15.
Suzuki Motorcycle India (SMIL) today reported a 13 per cent growth in total sales at 32,117 units for May 2014. The company's total sales stood at 28,455 units in the corresponding month of the previous year.
Country's largest car-maker Maruti Suzuki India (MSI) today reported 19.2 per cent rise in total sales in May to 1,00,925 units as against 84,677 units in the same month last year.
Ford India today reported over two-fold increase in total sales at 12,288 units in May 2014. It had sold 5,993 units in the same month last year, Ford India said in a statement.
Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) today reported a 55 per cent growth in total sales at 3,55,726 units for May 2014. The company's total sales stood at 2,29,143 units in the corresponding month of the previous year.
Mahindra Two Wheelers today reported a 131 per cent growth in domestic sales at 15,878 units for May. The company had sold 6,858 units in the corresponding month last year, the company said in a release.
Honda Cars India today reported 17.8 per cent increase in domestic sales at 13,362 units for last month.The company sold 1,333 units of its small car Brio, 4,752 units of compact sedan Amaze and 7,218 units of the mid-sized sedan City.
Chennai-based TVS Motor Company today reported 27.33 per cent jump (rpt) jump in total sales at 2,10,293 units in May 2014.
Toyota Kirloskar Motor today reported a nearly 6 per cent increase in total sales at 13,230 units in May 2014.The company had sold 12,502 units in the corresponding month of the previous year, Toyota Kirloskar Motor (TKM) said in a statement.
Japanese automobile major Toyota has drawn up a two-pronged strategy to boost sales figures of its Indian operations in a depressed market scenario, a company official said.
Japan's Isuzu Motors aims to expand its dealer network in India six-fold to about 60 outlets in the country by the end of the next financial year. The company, which opened its first dealership in North India in Delhi today, also launched three variants of pick-up trucks under the D-Max range.
Tata Motors is giving a much stronger focus on the design of its cars, from planning product life cycle in a better way to incorporating subtle Indian elements to its future models, to woo back customers.
Automobile major Tata Motors today launched its Ultra trucks range, aiming to garner more share in the intermediate and light commercial vehicle segment.
Maruti Suzuki India strengthened its dominance with five of its models figuring in the top 10 best selling car brands in the domestic market in April.In the same month last year, the company had four models among the top 10 selling cars in India.
Suzuki Motorcycle India Limited (SMIL) aims to increase its market share in the scooter segment from 12 to 15 per cent with the introduction of the new LET's scooter.
The Indian automobile industry pinned hopes on the new government, to be led by Narendra Modi, to push reforms such as GST and policies that boost infrastructure development on the back of a clear mandate in the polls.
US auto major General Motors today said the new government in India should retain the excise duty cut for the sector as announced in the last budget.
Bajaj Auto employees' union has postponed its proposed strike from tomorrow after considering suggestions of Shramik Ekta Mahasangh, the umbrella organisation of trade unions in the region.
The company was producing 700 to 800 Ambassador cars per month a few years back. But at present, production has fallen to low levels owing to lack of funds. Last month, the plant manufactured 100 cars.
