Tuesday, August 3rd, 2010
Mercedes Benz India had entered the Indian market 15 years ago and had been the market leader ever since then. BMW had challenged its position in 2009 but the company has been able to regain its status quo in the Indian market once again. Now the recent press release from Mercedes states that the company has posted highest ever month sales in its 15-year history in India. The German car manufacturer sold 521 units in July 2010 recording 80 percent jump in its sales over July 2009 sales. It sold 62 units of its SUV GL and M-class in July 2010 alone as compared to total 140 units sold in whole 2009.
“Our SUVs impressed one and all during our 5 city ‘StarDrive Experience’. The demand for the GL and M-Class reflects the confidence and pride of ownership associated with our SUVs,” said Dr. Wilfried Aulbur (Managing Director and CEO, Mercedes-Benz India). For the period Jan-July 2010, the company has sold 2,922 units, up from 1,670 units sold during the corresponding period the previous year. Aulbur also added that the July 2010 has been the best month in the history of the company so far and Jan-Jul 2010 had been months of robust sales.
[Via: cartradeindia]
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Thursday, July 1st, 2010
Riding on the recently launched scooter Wego, TVS – General Manager, S Srinivas is expecting an increase in revenue this fiscal year as compared to the previous one. The growth rate is expected to be double as compared to the previous fiscal year. The estimate revenue figures of this fiscal year is expected to be between Rs.1,500 to Rs.1,600 crores as compared to Rs.800 crore in the previous year. The TVS Wego was launched around September 2009 and has majority of the TVS hopes riding on its shoulders, focusing on women mobility and independence. The scooter comes with a 110cc engine and priced at Rs.41,762 per unit.
According to Mr. S Srinivas the two wheeler sales in India is upswing and TVS has managed to sell 25,000 units per month in the previous year, this year however expectations have been almost doubled to 40,000 units per month! In other news, TVS is also planning to launch a new motorcycle in the entry level segment early July 2010. The two-wheeler major hopes that the new small capacity bike would add to the company’s sales volume.
[Via: BikeIndia]
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Wednesday, May 5th, 2010
India’s largest two wheeler manufacturer, Hero Honda has reported an increase in its sales for the month of April 2010 at 3,71,652 units as against 3,70,575 units during April 2009. This is the 16thtime in a row when the company has sold more than 3 lakh bikes in a month. The company achieved this feat despite an acute shortage of batteries for over 15 days which left around 50,000 fully built bikes stranded at the factory. It is known that earlier last month, there was an agitation at the Exide’s Bawal facility. However, according to the company officials, the issue has been resolved. On the similar lines, second largest two wheeler giant, Bajaj Auto registered an 84 percent growth during the month at 2,76,095 units as compared to corresponding month of the previous fiscal. The company sold 1,49,733 units during April 2009. Following the same trend, the third largest two wheeler manufacturer, TVS Motors’ sales for the month rose by 28 percent to 1,44,689 units as against 1,13,119 units from April 2009.
On the other hand, Yamaha Motors reported a growth of 42 percent in its monthly sales of 24,960 units against 17,576 units sold during April 2009. The newly launched entry level YBR 110 merged with the FZ series with refreshed shades are expected to boost the sales further for the company in the coming months. Yamaha targets attaining a share of 20 percent in the 150cc and above segment by the year end. Suzuki Motorcycle, too, reported a growth of 53.22 percent growth in the month’s sales. The company sold 20,771 units during April 2010 as compared to 13,556 units during April 2009. Officials from Suzuki credit their GS150R and Access 125 for the increased growth in sales.
Further, Mahindra two wheelers reported a whopping growth of 460 percent to 9009 units during the month as against 1609 units during the corresponding month from the previous fiscal. Rodeo, Duro and Flyte are believed to be doing wonders for the company. However, the vertical growth for the month is a result of a low base of 1609 units from April 2009.
[Via: BIKE INDIA]
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Wednesday, May 5th, 2010
Tata Motors total sales (including exports) of Tata commercial and passenger vehicles in April 2010 were 57,202 vehicles, a growth of 52% over 37,518 vehicles sold in April 2009. The company’s domestic sales of Tata commercial and passenger vehicles for April 2010 were 54,065 nos., a 49% growth over 36,257 nos. sold in April last year.
Commercial Vehicles - Company’s sales of commercial vehicles in April 2010 in the domestic market were 30,963 nos., a 36% growth compared to 22,847 vehicles sold in April last year. LCV sales were 17,806 nos., a growth of 20% over April last year. M&HCV sales stood at 13,157 nos., a growth of 63% over April last year.
Passenger Vehicles - The passenger vehicles business reported a total sale and distribution offtake of 24,902 nos. (23,102 Tata + 1,800 Fiat) in the domestic market in April 2010, a 70% increase compared to 14,615 nos. (13,410 Tata + 1,205 Fiat) in April last year. Sales of the Tata Nano were 3,525 nos. The Indica range sales were 9,036 nos., a growth of 5% over April last year. The Indigo range recorded sales of 7,201 nos., a growth of 180% over April last year. The Sumo/Safari range accounted for sales of 3,340 nos., higher by 51% over April last year. Jaguar Land Rover sales continued their upward trend since launch in June 2009.
Exports - The company’s sales from exports at 3,137 vehicles in April 2010 registered a growth of 149% compared to 1,261 vehicles in April last year.
Courtesy: Tata Motors India
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Wednesday, May 5th, 2010
Augmented by substantial contributions across all segments of the two wheeler market and riding on the back of new launches, TVS Motor Company began the first month of FY11 on a positive note, with total two wheeler sales growing 28% from 113,119 units in April 2009 to 144,689 units in April 2010. Domestic two wheeler sales registered 22% growth from 102,985 units in April 2009 to 125,471 units in April 2010. The company’s three wheeler business continued to post substantial growth.
Motorcycle sales of the company grew by 24 % in April 2010 with sales of 66,000 units compared to 53,235 units in the same month of the previous year. Scooters continued its impressive sales growth increasing by 43% from 18,819 units in April 2009 to 26,860 units in the April 2010. Three wheeler sales continued to excel with the company registering sales of 2483 units in April 2010 over 706 units in April 2009.
Exports recorded remarkable growth of 90 % growth during the month of April 2010 with sales of 19,218 units against 10,134 units in April 2009. During the month, TVS Wego, the company’s metal bodied scooter, with unisex styling was launched in Pune and Nagpur. The product has received favourable response among customers and will be made available across the country over the next two months.
[Via: Infibeam]
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Wednesday, May 5th, 2010
Hero Honda Motors Ltd (HHML), the world’s largest two wheeler manufacturer, continues to post monthly sales of over 3 lakh units. This is the 16th consecutive month that the company has reported three-lakh-plus sales. The company started the first quarter (April-June) of Financial Year (FY) 2010-11, with sales of 3,71,652 units in the month of April, 2010. Hero Honda had sold 3,70,575 two-wheelers in April last year. Anil Dua, Sr. Vice-President (Marketing and Sales), Hero Honda Motors Ltd said, “”We have been witnessing a steadily growing demand for our products, and have been ramping up our production levels accordingly. However, as we have already informed, due to certain IR issues at our suppliers’ end, we have faced an acute shortage of batteries for over two weeks in the month of April.
As a result of this, our despatches have been adversely impacted and currently over 50,000 fully finished motorcycles are stranded at our plants for want of batteries. I am happy to inform that these issues have now been resolved and we have been assured of supply returning to normal within a week’s time.” Hero Honda’s retail sales continue on its robust growth trajectory. To further keep up this momentum, the company has introduced two models in April – the refreshed Glamour and Glamour FI. Both these models have been contributing significant volumes to the company’s strong share in the deluxe segment, and the launch of the refreshes are set to further build on this leadership.
Hero Honda also recently crossed yet another significant milestone by covering 100,000 villages under its path-breaking rural initiative – “Har Gaaon Har Angan”. The umbrella platform for all rural initiatives which was launched in late 2007, has been instrumental in the steadily growing share of Hero Honda in the rural and upcountry markets, taking the contribution of sales from these markets to 42 per cent of the company’s total sales.Hero Honda crossed several new milestones in the recently concluded fiscal (2009-10). The company posted a stellar top line performance with the total cumulative sales volume of more than 4.6 mn units. Hero Honda also crossed the landmark million units in sales in each quarter of fiscal ‘10, capping it off with the highest-ever quarter sales of 11, 86,536 units in the fourth quarter. The company also reported an excellent bottomline with its highest-ever annual revenues, net profit and earnings per share.
Courtesy: Hero Honda India
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Sunday, May 2nd, 2010
Hyundai Motor India Ltd.(HMIL), 2nd largest car manufacturer in India, recorded a hike of 28.1% in its domestic sales segment for the month of April 2010. The company sold 28,501 units in April 2010 as compared to 22,247 units in April last year. HMIL total sales stand at 52,020 units as compared to 44,370 units in the same period for the year 2009.
“HMIL’s positive performance is a reflection of its strong product portfolio. The recently launched refurbished i20 has further strengthened its position, as it has received a tremendous response from the market and has become the growth driver for the segment,” HMIL Director (Marketing and Sales) Arvind Saxena said.
The segment-wise cumulative sales for April are: A2 segment (Santro, i10, Getz and i20) 46,059 units; A3 Segment (Accent and Verna) 5,944 units; A5 Segment (Sonata Transform) 17 units; and SUV Segment (Tucson) 0 units.
[Via: ICB]
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Sunday, May 2nd, 2010
Mercedes Benz India today announced a sale of 321 units in April 2010 taking the cumulative sales for January- April 2010 to 1603 units. This marks a growth of 80% as compared to April 2009 and 69% as compared to Jan- April 2009. In Jan-April 2010 the New E-Class (powered by 4 engines E350, E 350CDI BlueEFFICIENCY, E250, E250CDI BlueEFFICIENCY) continued to lead the segment and registered 139% growth, while the C-Class reinforced its popularity registering a growth of 32% over Jan-Apr 2009. The SUV’s from the Mercedes stable has received an overwhelming response. In Jan-April 2010 the company sold a total of 92 units of GL-Class and M-Class. In contast there were 55 units sold during the same period in 2009.
Dr. Wilfried Aulbur, Managing Director and CEO of Mercedes-Benz India commented: “Our intensive customer engagements, aggressive product introductions coupled with deep network penetration and focus on customer delight have ensured that we are the preferred choice for luxury car aficionados. Our sales numbers reflect our traction with the market.”
Mercedes-Benz started the year with the presentation of the SLS AMG at the Auto Expo 2010. In the past four months the company continued its aggressive product launch plans with12 new products introduced since January 2010. The Mercedes lifestyle quotient was further enhanced with the 10th edition of the Mercedes-Trophy (15 cities, 1800+ participants) and Mercedes’ association with Manish Arora ensured exciting fashion evenings with his unique couture “Fascination Collection” inspired by Mercedes. The recently introduced “StarDrive Experience” across 4 major cities combines driving experience with simulation of critical road situations while the multi-city “Fascination Showcase” provide an exposure of the entire range of Mercedes-Benz cars for customers and prospects across tier II & III cities in India. With an investment of over 200 crores in network, Mercedes-Benz is now present in 26 cities with 55 touch points, the largest for any luxury player in India.
[Via: ICB]
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Thursday, April 29th, 2010
SkodaAuto India , a fully owned subsidiary of SkodaAuto A.S., Czech Republic and one of the most promising automobile companies in India, today announced a sales growth of 213% for quarter ending March’10 over the same period last year. The year 2010 has commenced with remarkable momentum as SkodaAuto India’s total sales for Q1 2010 stood at 5510 units2585 units for the same period last year. This milestone achievement reflects ŠkodaAuto’s commitment towards India through our leading technology, superior built-quality and valuable services which enhance the ownership experience for our customers.
The success is also a result of the efforts that ŠkodaAuto has taken to manage customer expectations in the after sales area in service along with improving the cost of ownership for the customers with the introduction of service at 15,000 Kms and 2 years warranty on spares. The introduction of Boutiques customer touch points in Delhi, Mumbai and Kolkata has generated a huge word of mouth among the target customer segments. ŠkodaAuto India plans to open a total of 15 such facilities by 2010. ŠkodaAuto India also actively engages its customers and prospects via social media platforms online. Earlier this month SkodaAuto India introduced the all new Superb 1.8 TSI Petrol in Manual Transmission. It offers a lethal combination of the powerful TSI engine and an efficient 6-Speed Manual Transmission which not only gives better fuel efficiency (ARAI: 13.14 km/lit) but also improves the driving experience. With the launch of Superb 1.8 TSI MT Skoda is slated to retain its dominance in D segment.
Internationally, SkodaAuto registered a 25% sales growth for the Q1 2010. In March alone the firm posted record monthly sales in its history, selling 72,900 vehicles. The overall sales for Q1 2010 stood at 178901 cars. SkodaAuto is one of the fastest growing automobile companies worldwide. The car maker has a strong presence in Central & Western Europe; it is also extremely successful in emerging markets like China and India.
[Via: Infibeam]
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Thursday, April 8th, 2010
Hero Honda - Hero Honda sold 414,638 units during March 2010, an increase of 14% over the 353,342 units sold during March 2009. Hero Honda also logged sales of over 4.6 million units during FY 2009-10, a growth of around 24% over the 3.7 million units sold during the previous fiscal. ‘Our high growth rate, despite the large base of the previous year, is reflective of the great momentum in our business and the strength of our strategy that continues to yield exceptional results,’ said Pawan Munjal, MD and CEO, Hero Honda Motors Ltd. ‘With a number of new strategic initiatives in the pipeline, we enter the next fiscal with renewed optimism. We will aggressively expand our presence across new rural, urban and export markets. We are also looking at setting up our fourth plant in the near future,’ added Munjal.
TVS Motor - TVS Motor reported a 24% growth in sales during March 2010, at 146,000 units, as compared to 118,000 units during March 2009. TVS sold 1,521,000 units during FY 2009-10, as compared to 1,325,000 units during the previous financial year. TVS’ three-wheeler sales increased by 25% in March this year, at 126,000 units, as compared to 101,000 units during March 2009. Sales in the scooterette segment were up 50% in March 2010, at 28,504 units, as compared to 19,054 units in March 2009. TVS’ motorcycles sales in March 2010 were up 7%, at 64,120 units, as compared to 59,796 units in March 2009. Exports during the month were up 23%, at 20,067 units, as against 16,340 units in March last year. Three-wheeler exports went up from 650 units in March 2009 to 2,431 units in March 2010.
Yamaha - Yamaha saw a 27% hike in sales during March 2010, at 27,460 units, as compared to 21,571 units during March 2009. During FY 2009-10, IYM sold 290,211 units (comprising of 223,307 units in the domestic market and 66,904 units sold overseas), a 44% increase over the 201,009 units during the previous fiscal. During March this year, IYM sold 17,892 units in the domestic market, as against 14,575 units during March 2009, an increase of 23%. Exports during the month went up by 37%, at 9,568 units, as compared to 6,996 units in March 2009.
Suzuki - Suzuki Motorcycle India Pvt. Ltd. sold 21,752 units during March 2010, a 76% hike over sales in March 2009.
Bajaj - Bajaj sold a total of 2.85 million units in FY 2009-10, the highest ever in its history. This includes exports of nearly 900,000 units, also the highest ever in the company’s history. The company sold 808,929 units during January-March 2010, an 84% increase over the sales figures for Q4 in the previous fiscal. Bajaj sold 244,828 motorcycles in March 2010, an 85% increase over the 132,253 units sold in March 2009. Three-wheeler sales during the month, at 29,344 units, were up 37% over March 2009.
[Via: indiaautomotive]
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