Two-wheeler maker Hero MotoCorp reported domestic sales of 371,204 units in July 2023. The company registered a decline of 13.8% when compared to 430,684 units sold in the same month last year. During the month under review, the company reported a total (Domestic + Exports) 391,310 units, down 12%, as compared to 445,580 units in… Continue reading Hero MotoCorp July domestic sales down 14% at 371,204 units
Author: Autocar_Professional India Online News
Mahindra tractor sales up 8% in April at 25,175 units
Mahindra & Mahindra on Tuesday reported an 8 percent decline in total tractor sales to 25,175 units in July. The company sold a total of 23,307 units in the same month last year, M&M said in a statement. Domestic tractor sales were at 24,168 units last month, as against 21,684 in July last year, a… Continue reading Mahindra tractor sales up 8% in April at 25,175 units
Escorts Kubota domestic tractor sales up 10% at 5,161 units in July
Tractor and construction machinery major Escorts Kubota on Tuesday reported a growth of 9.7 percent at 5,161 units in its domestic sales in July. The company had posted domestic sales of 4,704 units in the same month a year ago, as per a company release. Faridabad-based company’s total sales (domestic+ exports) also rose by 4… Continue reading Escorts Kubota domestic tractor sales up 10% at 5,161 units in July
Mahindra SUV sales hit record levels in July as demand surges for popular models
Mahindra & Mahindra has reported total SUV wholesales of 36,205 units in July 2023, which makes for strong 29% year-on-year growth (July 2022: 28,053 units). This, according to the company, constitutes its highest-ever monthly sales of SUVs. The month-on-month growth in July 2023 is 11% (June 2023: 32,588 units). This also makes July the fifth… Continue reading Mahindra SUV sales hit record levels in July as demand surges for popular models
Escorts Kubota reports highest ever quarterly net profit at Rs 283 crore in Q1
Farm equipment manufacturer Escorts Kubota reported an all-time high standalone net profit of Rs 282.8 crore in the quarter ended June 20203 (Q1 FY24), up 91%, as compared to Rs 147.5 crore reported during the corresponding quarter in the previous fiscal. The revenue of operations of Escorts Kubota also jumped 15.5% at Rs 2,327.7 crore… Continue reading Escorts Kubota reports highest ever quarterly net profit at Rs 283 crore in Q1
Ashok Leyland’s wholesales jumped by 11% in July (YoY)
Ashok Leyland, India’s third-largest commercial vehicle manufacturer, recorded an 11% increase in monthly wholesales, including exports, to 15,068 units in July 2023, up from 13,625 during the comparable period last year. Medium and heavy commercial vehicle (M&HCV) trucks increased by 16% to 8037 units in July 2023, up from 6943 units in July 2022. M&HCV… Continue reading Ashok Leyland’s wholesales jumped by 11% in July (YoY)
Ashok Leyland’s wholesales jumped by 11% in July (YoY)
Ashok Leyland, India’s third-largest commercial vehicle manufacturer, recorded an 11% increase in monthly wholesales, including exports, to 15,068 units in July 2023, up from 13,625 during the comparable period last year. Medium and heavy commercial vehicle (M&HCV) trucks increased by 16% to 8037 units in July 2023, up from 6943 units in July 2022. M&HCV… Continue reading Ashok Leyland’s wholesales jumped by 11% in July (YoY)
Maruti Suzuki registers 6.5% growth in July, increases market share by 1.4 percentage points
Riding on the success of SUVs – Brezza, Fronx, Jimny and the Grand Vitara – the company has more than tripled its SUV market share to 24.6 percent in July, over 7 percent in July 2022. Maruti Suzuki India (MSIL) has clocked overall sales of 152,126 units in July 2023, registering a 6.5 percent year-on-year… Continue reading Maruti Suzuki registers 6.5% growth in July, increases market share by 1.4 percentage points
Tata Motors sells 47,689 cars and SUVs in July, growth slows down
Tata Motors has reported wholesales of 47,689 units in July 2023, which makes for flat and zero growth year-on-year sales (July 2023: 47,636 units). Growth clearly is slowing down for Tata Motors which has, for the past couple of years, witnessed strong double-digit gains albeit on a lower year-ago base. Nonetheless, given the average monthly… Continue reading Tata Motors sells 47,689 cars and SUVs in July, growth slows down
Hendrickson eyes India’s air suspension market, expected to surpass 1 lakh units by 2027
Hendrickson, a US-based supplier of parts to commercial vehicle manufacturers, is keeping an eye on the country’s rapidly evolving air suspension market, which is expected to surpass 1 lakh units by 2027 and is expanding at a CAGR of 30%. Mohit Khosla, whole-time director and CEO for India and the Middle East stated that the Indian… Continue reading Hendrickson eyes India’s air suspension market, expected to surpass 1 lakh units by 2027