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Dec auto sales fall by 13%, commercial vehicles down 12%

“Exports witnessed growth of 9.9 per cent to 66,073 units, mainly due to incremental contribution of 6,341 units by Kia Motors, which otherwise could be flattish,” he said.

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Car Sale Down

New Delhi, Jan 10 : Domestic automobile sales continued to decline in December with the overall sectoral off-take plunging 13.08 per cent on a year-on-year basis, data showed on Friday.

As per the data furnished by the Society of Indian Automobile Manufacturers (SIAM), the sector’s total sales declined to 14,05,776 units in December from 16,17,398 units sold during the corresponding month of the previous year.

In terms of the calendar year, the 2019 sales decline is the worst ever in the last 20 years.

The off-take of commercial vehicles took a major hit with sales declining 12.32 per cent to 66,622 units, compared to 75,984 units in December 2018.

Medium and Heavy Commercial vehicles were a major victim of the ongoing slowdown as sales fell 31.70 per cent to 31,314 units.

Shamsher Dewan, Vice President, Corporate Sector ratings, ICRA, said: “During December 2019, the focus by CV OEMs continued to be on paring down inventory levels at dealerships, especially for the Goods Carrier segment, considering the impending transition to BS-VI emission norms within a quarter and dealer inventory of more than a month.”

He said that wholesale dispatches of Medium and Heavy Commercial Vehicles and light commercial vehicles contracted by 43 per cent and 1 per cent on a YoY basis.

Wholesale dispatches of the bus segment, on the other hand, has been improving over the past quarter, Dewan added.

Passenger vehicle sales declined by 1.24 per cent during the month on a year-on-year basis to 2,38,753 units. Two-wheeler sales were recorded at 1,259,007 units, lower by 16.60 per cent for a year ago period.

“Robust growth (30 per cent YoY) in the UV segment, supported by new launches like Hyundai Venue, Renault Triber, Kia Seltos and MG Hector arrested PV wholesale decline to 1.2 per cent. Retail enquiries are showing some signs of recovery, which augurs well for the industry,” said Ashish Modani, Vice President, Corporate Sector ratings, ICRA.

“Exports witnessed growth of 9.9 per cent to 66,073 units, mainly due to incremental contribution of 6,341 units by Kia Motors, which otherwise could be flattish,” he said.

However, bucking the larger trend, sales in the three-wheeler segment, which includes both goods and passenger carriers, rose by 22.10 per cent to 43,650 units in December 2019.

Overall exports too witnessed a dip of 8.75 per cent at 3,77,472 units last month.

On the production front, total production last moth stood at 19,16,213 units, lower by 5.22 per cent. Manufacturing of commercial vehicles stood at 62,021 units, lower by 9.76 per cent on a year-on-year basis.

A total of 2,58,391 passenger vehicles were produced in the country in December 2019, 3.11 per cent lower than 2,66,686 units during the same month in 2019.

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Maruti Suzuki launches all new Vitara Brezza

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Maruti Suzuki Vitara Brezza

New Delhi, Feb 24 : Automobile major Maruti Suzuki India on Monday launched the all new compact SUV Vitara Brezza, which was unveiled at the recently held Auto Expo 2020.

The new vehicle has been priced in the range of Rs 7.34 lakh to Rs 11.40 lakh, the automobile major said on Monday.

According to the company, the new compact SUV offers enhanced sportiness, bolder looks, stronger stance, premium interiors and a host of new features.

The vehicle is equipped with the powerful 1.5 litre K-series BS6 petrol engine.

“The compact SUV will be offered with 5-speed manual and advanced automatic transmission with Smart Hybrid,” the company said in a statement.

In less than 4 years of its launch, Vitara Brezza has sold over 500,000 units.

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Bill Gates Is Driving a Porsche Taycan. Here’s Why He Didn’t Get a Tesla

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San Francisco, Feb 18 : Tesla CEO Elon Musk on Tuesday took a jibe at Microsoft co-founder Bill Gates after the world’s second richest man declared he has bought his first EV — Porsche Taycan.

Gates told a noted YouTube tech reviewer Marques Brownlee in an interview that he purchased his first-ever EV Porsche Taycan, calling the vehicle “very, very cool”.

“My conversations with Gates have been underwhelming tbh (to be honest),” Musk tweeted to a user.

The initial EV Porsche Taycan Turbo S model starts at $185,000 while the entry-level Tesla Model 3 starts from $35,000.

In the interview, Brownlee asked Gates about his thoughts on Tesla’s dominance in the electric vehicle market.

Gates acknowledged that Tesla is the cream of the crop when it comes to electric cars, adding that lots of manufacturers are moving to produce electric vehicles because Tesla’s appeal has been increased over the past few years.

“Tesla, if you had to name one company, that’s helped drive that, it’s them,” said Gates.

You can watch the complete interview here:

Musk has been tweeting his thoughts about tech honchos.

He recently questioned Facebook CEO Mark Zuckerberg’s understanding of Artificial Intelligence (AI) and called Amazon Founder and CEO Jeff Bezos a “copycat”.

Gates recently commissioned a $644 million hydrogen-powered superyacht. The plans of buying the superyacht were unveiled at the Monaco Yacht Show in December last year.

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Maruti Suzuki India launches Ertiga S-CNG

“Being the first company to introduce factory-fitted CNG cars in the country, today we proudly own the largest portfolio of green vehicles.”

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Ertiga S-CNG
Maruti Suzuki BS-VI compliant Ertiga S-CNG

New Delhi, Feb 7: Automobile major Maruti Suzuki India on Friday rolled out the BS-VI compliant Ertiga S-CNG, offering a mileage of 26.08 km per kg.

According to the company, the factory-fitted Ertiga BS-VI S-CNG will be available for Rs 8.95 lakh (Ex-showroom, Delhi).

At the launch, Maruti Suzuki India’s Executive Director (Marketing & Sales) Shashank Srivastava said: “Ertiga has been a market leader amongst MPVs, and the introduction of BS6 S-CNG will further help augment its leadership in the segment.”

“Being the first company to introduce factory-fitted CNG cars in the country, today we proudly own the largest portfolio of green vehicles.”

Besides, the company said that the launch of S-CNG vehicle range is aligned to and complements the government’s vision of reducing oil imports and enhancing the share of natural gas in the energy basket of the country from the current 6.2 per cent to 15 per cent by 2030.

At present, the government is working to rapidly increase CNG fuel pumps network in the country.

In addition, the automobile major said that S-CNG vehicles are equipped with dual interdependent ECUs (Electronic Control Units) and intelligent injection system.

“Vehicles are specially tuned and calibrated to deliver optimum performance and enhanced drivability across all kinds of terrains,” the company said in a statement.

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