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Mercedes-Benz India’s 2015-16 sales rise over 21 percent

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Mumbai, April 6 : Luxury automobile manufacturer Mercedes-Benz India on Wednesday reported a rise of over 21 percent in its sales for the last fiscal.

According to the company, its sales grew to 13,558 units during the last fiscal from 11,213 units sold in 2014-15.

Further, the automobile manufacturer clocked sales growth of over 1.6 percent during the January-March quarter.

The company sold 3,622 units during the quarter under review from an off-take of 3,566 units.

“It is a significant achievement for us, as we have maintained our growth momentum in Q1 (first quarter), 2016, despite facing multiple market challenges,” said Roland Folger, managing director and chief executive, Mercedes-Benz India.

“We have been able to compensate the negative sales impact in the Delhi and NCR (national capital region) market, with a strong double digit growth achieved in most other markets across the country.”

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Honda Activa breaches 2 cr sales mark in India

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Honda Activa

New Delhi, Oct 17 : Hondas Activa scooter has breached the 2-crore sales mark in India, Honda Motorcycle and Scooter India said on Wednesday.

According to the company, while it took 15 years to achieve the first one crore sales, the recent addition has come in just three years.

“Over 18 years and 5 generations, Honda 2Wheelers India continuously added value to exceed customers’ expectations and making Activa the most preferred choice of Indian 2 wheeler buyers,” said Minoru Kato, President and CEO, Honda Motorcycle and Scooter India.

“We are delighted that Activa partnered over 2 crore Indian families on the move in realising their dreams.”

Honda Activa was launched in 2001.

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Hyundai’s Kona EV ready to hit the road

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Seoul, Oct 15: Carmaker Hyundai is developing a crossover sports utility vehicle (SUV) named Kona and the electric vehicle (EV) is reportedly ready to hit the road.

hyundai Kona Electric Kona EV

While industry stalwarts like Ford and startups like Tesla dominate the conversation around the future of the EV market, Hyundai is out here quietly developing the crossover SUV that can travel farther on a single charge — 258 miles, to be precise — than any other electric vehicle on the market, Engadget reported on Monday.

The Kona Electric has a 64KWH lithium-ion polymer battery pack delivering 258 miles per charge.

hyundai Kona Electric Kona EV

Notably, this make it the longest-range non-luxury EV, beating the likes of the Chevrolet Bolt EV (238 miles) and Nissan Leaf (151 miles) — and even Hyundai’s own Ioniq Electric (124 miles).

The Kona Electric or Kona EV is, unsurprisingly, based on the existing Hyundai Kona gas-powered platform.

“The exterior stylings are virtually identical, with the EV just 0.6-inches longer and 0.2 inches taller. The two models also share the same trio of trim packages. You’ve got the base SEL, then Limited and Ultimate,” the report added.

The SUV would be available in six colours, two of which are exclusive to the electric model.

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Base effect, fuel prices dent September passenger vehicles’ sales

The off-take of the sub-segment such as passenger cars dipped by 5.57 per cent during the month under review to 197,124 units.

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Car Sale Down

New Delhi, Oct 13 : Unfavourable base effect, along with high fuel and interest costs dented the sales of domestic passenger vehicles in September 2018, data showed on Friday.

According to the data furnished by the Society of Indian Automobile Manufacturers (SIAM), sales of passenger vehicles — cars, utility vehicles and vans — declined by 5.61 per cent to 292,658 units from 310,041 units sold in the corresponding period of last year.

The off-take of the sub-segment such as passenger cars dipped by 5.57 per cent during the month under review to 197,124 units.

Similarly, utility vehicles’ sales edged-lower last month. The off-take was lower by 8.29 per cent during the month under review to 77,378 units.

However, sales of vans increased by 7.27 per cent to 18,156 units.

Similarly, sales of overall commercial vehicles zoomed. It rose by 24.14 per cent to 95,867 units in September. The segment is a key indicator of economic activity.

The data pointed-out that off-take of three-wheelers accelerated by 11.65 per cent to 69,066 units during the month.

In addition, overall sales of two-wheelers, which include scooters, motorcycles and mopeds, climbed by 4.12 per cent to 2,126,484 units.

As per the data, total sales of the Indian automobile sector rose by 3.72 per cent during September 2018 to 2,584,096 units across segments and categories.

The overall exports of vehicles across categories also edged higher by 17.05 per cent to 414,428 units.

“PV sales decline of 5.6 per cent YoY during September-2018 came on very high base of September-2017, when industry clocked its highest ever monthly wholesale dispatches of 3.1 lakh units,” said Ashish Modani, Assistant Vice President, Corporate Sector ratings, ICRA.

“Weaker Q2 sales in FY2019 was expected, given high base of last fiscal and delayed festive season in current fiscal. Volume should recover in subsequent months with onset of festive season; however, higher fuel prices remain a drag on customer sentiments.”

Sridhar V, Partner, Grant Thornton India said: “The commercial vehicles are still on a roll this September and the enablers have been the road infrastructure and state of the economy. CV’s have achieved the second highest volume in the last 30 months.”

“Two Wheelers have also shown a healthy growth and probably their best performance yet in the last 30 months with motorcycles sales doing well.”

“However, while passenger vehicles have shown a YoY decline the numbers remain healthy. The decline is only due to the highest number ever hit in September 2017 coupled with rise in fuel rates, interest rates and deferment of some buys on account of expectation of new introductions, updates and price cuts expected during the ensuing festival season.”

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