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Tata Motors Group August global wholesales down 32%

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Mumbai, Sep 12 (IANS) Tata Motors Group on Wednesday reported a decline of 32 per cent in August’s global wholesales, including that of Jaguar Land Rover, over the corresponding period of last year.

According to the company, the global wholesales during the month under review declined to 72,464 units.

“Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 nos, lower by 45 per cent, over August 2018,” the company said in a statement.

“Global wholesales of all passenger vehicles in August 2019 were at 47,098 nos, lower by 22 per cent, compared to August 2018.”

As per the statement, global wholesales for Jaguar Land Rover were 39,615 vehicles.

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Historic fall in India vehicles sales enters 11th month

Besides, two-wheeler sales – often tracked to analyse the rural markets health – were also down 22.09 per cent.

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Auto sector slowdown

New Delhi, Oct 11 : Despite a 135 basis point interest rate cut since February and a number of measures announced by the Central government, including a sharp corporate tax cut, domestic vehicle sales plummeted for the 11th straight month in September.

Society of Indian Automobile Manufacturers (SIAM) data released on Friday showed that total commercial vehicle sales — a proxy for the economy’s commercial health — steeply fell by 39 per cent to 58,419 units in September.

Rating agency ICRA had, earlier this month, said its outlook on the domestic commercial vehicle sector was negative, considering the sharp correction in vehicle sales amid slowing economic growth, overcapacity and tight financing environment.

Signs that the customers were still away from showrooms was clearly visible in passenger vehicles sales data, which witnessed a decline of 23.69 per cent to 223,317 units this September.

Passenger cars sales witnessed de-growth of of 33.4 per cent to 131,281 units. In August, sales were down 41 per cent.

SIAM President, Rajan Wadhera, however, told reporters that the festive season retail sales that are monitored on a regular basis is “good” but avoided giving any sales forecast.

“The Navaratri sale has also been good and if we compare it to the sales from last year, the sale has been nearly 10-12 per cent better,” he said.

Wadera stressed that owing to number of government steps and ongoing festive season, the consumer sentiments have improved. Consumer confidence, the Reserve Bank of Indian showed, dipped to six-year low in September.

Besides, two-wheeler sales – often tracked to analyse the rural markets health – were also down 22.09 per cent.

Three-wheeler sales declined by 6.66 percent in April-September 2019 over the same period last year. Within three-wheelers, passenger carrier sales registered a de-growth of 6.37 percent and that of goods carriers declined by 7.98 percent in April-September 2019 over April-September 2018.

In the two-wheeler segment, sales registered a de-growth of 16.18 percent in April-September 2019 over April-September 2018 while in the segment, scooters, motorcycles and mopeds declined by 16.94 per cent, 15.24 per cent and 25.33 per cent, respectively, in April-September 2019 over the comparable period last year.

Overall domestic automobile sales fell 22.41 per cent in September 2019. In August, the sales data had showed that overall sectoral offtake in the domestic market had plunged 23.55 per cent.

This level of downturn was witnessed only once earlier, in December 2000, when the de-growth was registered at 21.81 per cent. The available data series commences from 1997-98.

However, exports across categories inched-up by 0.68 per cent to 417,232 units from 414,428 units shipped-out during September 2018.

The sales decline has forced several auto markers were forced to announce production cuts and slash workforce in order to cut losses.

Automobile production declined by (-)18.29 per cent in September to 2,406,640 units across segments and categories.

“There is a small element of positive performance, if one were to look at the volume growth, on a sequential basis across segments and this is coming out of some new introductions and discounts offered. But this is nowhere near the volumes seen in the previous year,” Grant Thornton India LLP Partner Sridhar V. told IANS.

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Maruti Suzuki sells over 2 lakh BS VI-compliant vehicles

“The BS-VI petrol cars from Maruti Suzuki have been extensively tested with BS-IV fuel and there is no operational concern,”

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New Delhi, Oct 4 : Automobile Maruti Suzuki India on Friday reported that it has sold over 2 lakh BS-VI compliant vehicles in six months.

The company had launched its BS-VI range with Alto 800 and Baleno in April 2019, a year before the government stipulated timeline of April 2020.

At present, the complete range of Maruti Suzuki BS-VI compliant petrol models includes Alto 800, Baleno, WagonR (1.2 L), Swift, Dzire, Ertiga and the recently launched XL6 and S-Presso.

“The BS-VI compliant petrol vehicles will lead to a substantial reduction of nearly 25 per cent in nitrogen oxide (NOx) emissions,” the company said in a statement, adding that the BS-VI compliant petrol vehicles can run on BS-IV petrol also.

“The BS-VI petrol cars from Maruti Suzuki have been extensively tested with BS-IV fuel and there is no operational concern,” it said.

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Toyota car sales slip 18% in India

“In spite of higher exports, the total sales declined 17 per cent YoY to 10,911 units from 13,078 units a year ago,” said the statement.

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Bengaluru, Oct 1 (IANS) Japanese car maker Toyota on Tuesday reported an 18 per cent annual sales decline in India for September due to subdued sentiment and economic slowdown.

“We sold 10,203 units in September against 12,512 units in the same month a year ago, registering 18 per cent year-on-year (YoY) decline,” said Toyota’s joint venture with Kirloskar Motors, in a statement here.

Export of its Etios sedan, however, grew 25 per cent YoY to 708 units from 566 units a year ago (2018).

“In spite of higher exports, the total sales declined 17 per cent YoY to 10,911 units from 13,078 units a year ago,” said the statement.

Toyota Kirloskar Motor Deputy Managing Director N. Raja said the consumer sentiment continued to be subdued, reflecting in the sales decline in the industry.

“We expect the demand to pick up during the Dasara and Diwali festivals this month for better sales,” said Raja.

To prop up sales during the festive season, the company has rolled out a new version of its sports utility vehicle Fortuner TRD.

“The customer orders have been slightly encouraging since the 10-day Dasara fest began on the weekend. We hope the pace continues in the festive season to improve the demand,” added Raja.

The company hopes the recent industry-friendly changes ushered by the government to reduce corporate tax and minimum alternate tax would improve the consumer sentiment to boost sales.

Month-wise, Toyota’s car sales improved in September as it reported 24 per cent YoY decline in August when it sold 10,701 units as against 14,100 units in the same month a year ago.

“The consumer sentiment was muted in August, as customers deferred purchasing vehicles. Floods across some states also hurt the demand while unfavourable exchange rate did not help our cost,” Raja said in a statement on September 1.

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