Tag: February auto sales

Bajaj Auto’s February sales decline 10%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Bajaj Auto Ltd. on Monday reported a 9.9 percent year-on-year fall in total vehicle sales in February. The company sold 354,913 units in last month as compared to 393,089 units it sold in February 2019.

Total domestic vehicle sales in February declined 24 percent to 168,747 units from 221,706 units while exports rose 9 percent to 186,166 units YoY.

The company’s two-wheeler sales during the month fell 5 percent to 310,222 units from 327,985 units YoY. Domestic two-wheeler sales declined 21 percent to 146,876 units, while exports rose by 15 percent to 163,346 units YoY.

Bajaj’s commercial vehicle segment also registered 31 percent fall in total sales during the month at 44,691 units as compared to 65,104 units sold in the year-ago month.

The company sold 21,871 units of commercial vehicles in the domestic market, 38 percent lower than that sold in February 2019. Exports of commercial vehicles also declined 24 percent to 22,870 units YoY.

At 10:05 am, shares of Bajaj Auto were trading 0.31 percent higher at Rs 2,899.35 on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Honda Cars February sales fall 46% YoY at 7,269 units

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Honda Cars India Ltd (HCIL) February domestic sales declined 46.26 percent at 7,269 units as compared to 13,527 units sold in February 2019.

The company’s exports during the month stood at 64 units, it said in a statement.

“Our despatches were limited and in line with our plan of total supply availability for the month,” HCIL Senior Vice-President and Director (Marketing and Sales) Rajesh Goel said.

The company is determined to enhance the supplies with subsequent introduction of BS-VI versions of other models and bring down the waiting period for customers, he added.

“Since we have been supplying only BS-VI cars from January onwards and dealers were aggressively liquidating their BS-IV stock, our channel is left with negligible stock of BS-IV cars as of February end,” Goel said.

The company said it has been producing only BS-VI models at both its plants since January this year.

(With inputs from PTI)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Tata Motors reports 34% YoY fall in February domestic sales

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tata Motors Ltd reported 34 percent on-year decline in domestic sales at 38,002 units in the month of February 2020 as against 57,221 units sold in the same month last year.

Total domestic and international sales fell 48 percent to 40,634 vehicles as compared to 60,151 units during February 2019.

Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors Ltd said the outbreak of Covid-19 in China and a recent fire incident at one of the strategic vendors affected the vehicle production and wholesale volumes.

“Multiple actions are being taken to reduce the impact, staying close to our customers by providing transparency of the delivery situation,” Pareek said.

Total commercial vehicle sales during the month also witnessed a fall of 33 percent at 28,086 units as against 41,882 units sold in the same month last year.

“Retail in February was ahead of wholesale by 37 percent, helping bring down stocks even further to an all-time low. Retail in M&HCV grew by 23 percent over last month with fleet buyers stepping up purchases,” said Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd.

Further, Wagh added that the company is on the track for the BSVI migration, with BSIV stocks being consumed as per plan and BSVI production initiated.

“The supply disruptions from the COVID-19 outbreak in China could have some impact on the BSVI transition and all efforts are underway to mitigate it,” he said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Maruti Suzuki’s February sales down 1%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Maruti Suzuki India on Sunday reported a 1.1 percent year-on-year (YoY) fall in its total sales in February at 1,47,110 units. During the same period last year, the company had sold 1,48,682 units.

Its domestic sales last month declined by 3.6 percent to 1,34,150 units, the company said in a regulatory filing. Exports during the period under review, on the other hand, rose by 7.1 percent to 10,261 units.

“Maruti Suzuki India Limited sold a total of 1,47,110 units in February 2020. This includes 1,34,150 units in domestic market, 2,699 units of domestic OEM (original equipment manufacturer) sales and 10,261 units of exports,” the company said in its filing.

The company sold 1,33,702 passenger vehicles in India last month, against 1,36,912 units sold during the same period last month.

The sale of its light commercial vehicle — Super Carry — plunged over 79 percent to 448 units from 2,188 units sold in February 2019.

During the financial year 2019-20 so far (April 2019-Feb 2020), the company has sold 14,79,505 units, which is 13.2 percent lower than the sale of 17,04,373 units reported during the corresponding period of the last fiscal.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow