TVS Motor Company recorded monthly sales of 301,898 units in December 2023 with a growth of 25% as against 242,012 units in the month of December 2022. Total two-wheelers registered a growth of 27% with sales increasing from 227,666 units in December 2022 to 290,064 units in December 2023. Domestic two-wheeler registered growth of 33%… Continue reading TVS Motor Company’s sales grow by 25% in December 2023
Category: US Motoring Press
TVS Motor Company’s sales grow by 25% in December 2023
TVS Motor Company recorded monthly sales of 301,898 units in December 2023 with a growth of 25% as against 242,012 units in the month of December 2022. Total two-wheelers registered a growth of 27% with sales increasing from 227,666 units in December 2022 to 290,064 units in December 2023. Domestic two-wheeler registered growth of 33%… Continue reading TVS Motor Company’s sales grow by 25% in December 2023
Hyundai Motor India hits all-time high sales of 602,111 units in CY2023
CY2023 has turned out to be a record-breaking year for the Chennai-based Hyundai Motor India. The Korean car and SUV manufacturer has announced its best-ever annual calendar year sales of 602,111 units in 2023. This constitutes a 9% year-on-year increase (CY2022: 552,511 units) and marks the first time that it has surpassed the 600,000-units wholesales… Continue reading Hyundai Motor India hits all-time high sales of 602,111 units in CY2023
Ola Electric records over 30,000 registrations in December
Ola Electric today announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2w segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% compared to the same month last year. Additionally, it posted… Continue reading Ola Electric records over 30,000 registrations in December
Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, 12.55% EVs
Tata Motors has registered its best-ever annual wholesales performance yet in CY2023: 550,838 units. This constitutes a 3% increase over the 526,798 units it sold in CY2022 and marks the second consecutive year that it has surpassed the half-a-million passenger vehicle sales milestone. The company, which retails seven PVs – Altroz, Tigor, Tiago, Nexon, Punch,… Continue reading Tata Motors records best-ever annual sales in CY2023: 550,838 PVs, 12.55% EVs
Maruti Suzuki December 2023 despatches down by 6.5% in a stock-correction move
Maruti Suzuki India (MSIL) reported sales of 104,778 units in December 2023, registering a 6.5 percent Year-on-Year (YoY) decline over December 2022’s volume of 112,010 units. The company’s entry-level Alto and S-Presso models continued to be distressed, with volumes plummeting to a mere 2,557 units (December 2022: 9,765), and registered a YoY de-growth of almost… Continue reading Maruti Suzuki December 2023 despatches down by 6.5% in a stock-correction move
Maruti Suzuki sells 1.7 million vehicles in CY2023, SUVs and MPVs record 68% growth
India’s passenger vehicle market leader has sold a total of 17,07,668 units in the domestic market CY2023, which makes for 8.35% year-on-year growth (CY2022: 15,76,025 units). This India total, when added with sales of 35,012 units of the Super Carry LCV, sales to other OEM (Toyota Kirloskar Motor / 54,493 units) and highest-ever annual exports… Continue reading Maruti Suzuki sells 1.7 million vehicles in CY2023, SUVs and MPVs record 68% growth
JK Tyre raises Rs 500 crore via Qualified Institutional Placement
JK Tyre & Industries Limited has raised Rs 500 crore by way of a Qualified Institutional Placement (QIP). The QIP funds will be used for growth capex and strengthening the balance sheet. The Qualified Institutional Placement was priced at Rs 345 per share, (including a premium of Rs 343 per share, with a face value… Continue reading JK Tyre raises Rs 500 crore via Qualified Institutional Placement
Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units
Toyota Kirloskar Motor (TKM) has reported domestic market sales of 221,356 units, up 38% YoY (CY2022: 160,364 units). This is the car and SUV manufacturer’s best-ever annual sales performance. The company’s strong performance has been helped by the enhanced production capacity through three-shift operations, which has enabled TKM to meet sustained market demand for its passenger… Continue reading Toyota Kirloskar Motor registers best-ever annual sales in CY2023: 221,356 units
MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales
MG Motor India has announced its retail sales figure for calendar year 2023: 56,902 units. This constitutes an 18% year-on-year increase (CY2022: 48,064 units) and marks the fourth consecutive year of growth for the company. The company, which retails the Astor, Gloster, Hector 5-seater, Hector Plus SUVs and two EVs – the ZS EV and… Continue reading MG Motor India sells 56,902 units in CY2023, EVs account for 25 percent sales