Tag: Auto industry

Maruti Suzuki clocks 16.8% rise in May production

Maruti Suzuki clocks 16.8% rise in May production

07/06/2017 12:32

Country’s largest carmaker Maruti Suzuki India Ltd (MSIL) on Wednesday reported an increase of 16.8 per cent in its May 2017 production at 1,51,262 units, as compared to 1,29,509 units during the same period last year.

Maruti Suzuki said that it’s production of the compact segment comprising Swift, Ritz, Dzire, Celerio, Baleno/ Ignis/ Dzire Tour increased to 68,562 units in May this year, as against 58,253 units last year.

Further, its production of mini (Alto/ Wagon R) segment jumped to 41,669 units during May 2017, from 34,805 units in the same month a year ago.

MSIL said production of its mid-sized Ciaz segment, however, witnessed a slide to 4,378 units during May 2017 as compared to 5,165 units in May 2016.

Besides, in May 2017 production of it’s utility vehicles Gypsy/ Ertiga/ S-Cross/ Vitara Brezza segment jumped significantly to 22,665 units, against 15,656 units in May 2016.

The company’s Vans Eeco/ Omni segment production during May this year too grew to 13,152 units, from 12,864 units during the same month last fiscal.

Moreover, its CV segment of supper carry (less than 2 ton) reported a production of 836 units in May current year, against 153 unit in May previous year.

Meanwhile, shares of the company were trading at Rs 7,193 apiece, up 1.07 per cent, from previous close on BSE at 12:37 hours.

Bajaj Auto rises nearly 3% on bourses

Bajaj Auto rises nearly 3% on bourses

05/06/2017 12:00

Shares of Bajaj Auto rebounded nearly 3 per cent on the Bombay stock Exchange amid surge in volume trade. The company has reported a 10 per cent decline in total vehicle sales in May at 3,13,756 units, compared to 3,47,655 units in the same month last year.

In line with benchmark indices, shares of the company gained as much as 2.80 per cent to hit intra-day high of Rs 2927.20 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 2921.95 against previous close price of Rs 2846.10.

In a similar fashion, stocks of company were trading 2.60 per cent higher at Rs 2,927.05 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,335.34, up 62.05 points or 0.20 per cent, at 11:50 hours.

Wheels India Q4 net profit up 8.4% to Rs 18.40 cr

29/05/2017 15:06

Auto component manufacturer Wheels India Ltd on Monday reported a rise of 8.4 per cent in its net profit after taxes (PAT) at Rs 18.40 crore for the fourth quarter ended March 31, 2017.

“The net profit after taxes (PAT) of the company stood at Rs 16.97 crore during the same period a year ago,” said Wheels India Ltd in a filing to the Bombay Stock Exchange on May 29, 2017.

Further, the total income of the company too grew by 9.7 per cent to Rs 557.49 crore during Q4 2016-17, as compared to Rs 508.04 crore during the same period last year.

The company’s board has recommended a final dividend for the year ended March 31, 2017 at Rs 8 (80 per cent) per equity share. The final dividend is subject to the shareholders approval at the ensuing AGM.

Despite earnings, shares of the company were trading at Rs 1,290 apiece, down 0.62 per cent from previous close on BSE at 15:11 hours.

Tata Motors Q4 net dips 16.8%; JLR margin surprises

Tata Motors Q4 net dips 16.8%; JLR margin surprises

24/05/2017 12:49

India’s leading automobile manufacturer Tata Motors Ltd has reported a drop of 16.8 per cent in its consolidated net profit after tax at Rs 4,336.43 crore, however, its JLR business surprised with strong earnings.

“The consolidated net profit of the company stood at Rs 5,211.49 crore during the same period a year ago,” Tata Motors Ltd said in a filing to the Bombay Stock Exchange.

It’s consolidated total income, too, fell by 2.6 per cent at Rs 78,980.77 crore during Q4 2016-17, as compared to Rs 81,079.71 crore during the same period last year.

Consolidated revenues for the quarter are lower by Rs 9,032 crores due to translation impact from GBP to INR, the company said in a statement.

In standalone business, the company witnessed de-growth in the M&HCV segment and LCV segment partially offset by growth in Passenger vehicle segment.

The company said its subdidiary which is UK’s largest car manufacturer, Jaguar Land Rover (JLR), business witnessed a 13 per cent growth in retail sales during the fourth quarter of fiscal 2016-17.

Jaguar Land Rover (JLR) retail sales including the China JV in the quarter were 179,509 units, up 13 per cent on strong demand across the product portfolio, primarily reflecting higher volumes in China, North America, UK and Europe led by strong sales of F-PACE, Range Rover and Discovery Sport. Jaguar Land Rover wholesales, including the China JV, were 175,000 units, the company said in a statemnent.

JLR’s profit after tax (PAT) was £ 557 million for the quarter ended March 31, 2017, up 18 per cent y-o-y, while revenues were up by 10.1 per cent at £ 7,268 million.

Meanwhile, shares of the company were trading at Rs 466.65 apiece, up 3.68 per cent, from previous close on BSE at 12:52 hours.

Tata Motors global sales fall 4% in April

Tata Motors global sales fall 4% in April

10/05/2017 12:55

Auto major Tata Motors on Wednesday said that its global wholesales in April 2017, including Jaguar Land Rover, dipped 4 per cent year-on-year to 73,691 units.

“Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in April, 2017 were at 18,844 units, lower by 36 per cent, over April 2016,” said Tata Motors in a filing to the Bombay Stock Exchange.

The company stated that global wholesales of all passenger vehicles in April2017 were at 54,847 units, higher by 16 per cent, compared to April 2016.

Global wholesales for Jaguar Land Rover were 41,923 vehicles (which includes CJLR volumes of 6,788 units). CJLR – is a JV between JLR and Chery Automobiles and is an unconsolidated subsidiary for JLR.

Jaguar wholesales for the month were 12,608 vehicles, while Land Rover wholesales for the month were 29,315 vehicles, it added.

Meanwhile, shares of company were trading at Rs 431.00 apiece, up 1.01 per cent, from previous close on the BSE at 13:00 hour.

HCIL domestic sales zoom 38% at 14,480 units in April

HCIL domestic sales zoom 38% at 14,480 units in April

02/05/2017 11:20

Honda Cars India Ltd (HCIL) has reported a 38.1 per cent increase in domestic sales at 14,480 units in April.

The company had sold 10,486 units in the same month last year, HCIL said in a statement.

Last month, the company sold 438 units of small car Brio, 2,061 units of premium hatchback Jazz, 2,029 units of compact sedan Amaze and 5,948 units of mid-sized sedan City.

The company also sold 3,266 units of its new compact sports utility vehicle (SUV) WR-V. Besides, SUV BR-V saw sales of 701 units.

The sales for SUV CR-V stood at 36 units and Accord Hybrid 1 unit last month.

In addition, it exported a total of 442 units during the month under review.

HCIL said it has received overwhelming customer response for the newly-launched Honda WR-V and the new Honda City.

It has received over 25,000 bookings for Honda City since its launch in mid-February and 12,000 for WR-V since its launch in mid-March.

On the sales performance, HCIL President and CEO Yoichiro Ueno said: “The new fiscal year has begun on a positive note and we hope to continue the growth momentum.

Tata Motors Q3 net nosedives 96% at Rs 111.57 cr

Tata Motors Q3 net nosedives 96% at Rs 111.57 cr

15/02/2017 12:10

India’s leading automobile manufacturer Tata Motors Ltd has reported a steep fall of 96.2 per cent its consolidated net profit after tax at Rs 111.57 crore, on a steep decline in profit in JLR business and higher losses in domestic operations.

“The consolidated net profit of the company stood at Rs 2,952.67 crore during the same period a year ago,” Tata Motors Ltd said in a filing to the Bombay Stock Exchange.

The consolidated numbers were impacted by JLR’s lower wholesale volumes and relatively weaker product mix, including the run out of Discovery, in Jaguar Land Rover business. The overall higher marketing expenses, were partially offset by credit relating to the recovery because of explosion at the port of Tianjin (China), Tata Motors said in a statement.

It’s consolidated total income (including other income), too, fell by 4.3 per cent at Rs 68,708.48 crore during Q3 2016-17, as compared to Rs 71,809.35 crore during the same period last year, due to unfavourable translation impact of Rs 10,670 crore.

It’s net sales during Q3 FY17 were down by 2.2 per cent at Rs 67,864.95 crore, as against Rs 69,398.07 crore in the year-ago period.

Jaguar Land Rover (JLR) total retail sales including the China JV in the third quarter were 149,288 units, up 8.5 per cent on strong demand for products, primarily reflecting higher volumes in China (incl. CJLR), North America and Europe led by strong sales of Discovery Sport, F-PACE and the new long wheel base XFL in China, the company said in a statemnent.

JLR wholesales and retails excluding China JV for the quarter were 1,30,910 units and 129,893 units respectively. China JV wholesales and retails for the quarter were 21,335 units and 19,395 units respectively, it added.

JLR’s profit after tax (PAT) was £167 million for the quarter ended December 31, 2016 compared to £440 million in the corresponding quarter last year.

Meanwhile, shares of the company were trading at Rs 446.70 apiece, down 8.24 per cent, from previous close on BSE at 12:15 hours.

Tata Motors gears up to launch new compact sedan Tigor

09/02/2017 13:41

Continuing with its efforts to reclaim lost ground in the Indian passenger vehicles market, Tata Motors will soon launch compact sedan Tigor, reported PTI.

The company announced that the Kite 5 concept, which was showcased at Auto Expo 2016, will be christened Tata Tigor.

“The Tata Tigor is the next offering of the IMPACT design language and is targeted at young, talented and confident individuals who express their individuality with a unique style of their own,” the company said in a statement.

Announcing the name, Tata Motors President, Passenger Vehicle Business Unit, Mayank Pareek said: “After Hexa, we are speeding towards our next market introduction, the Tata Tigor which opens a new category of style and attitude in this segment.”

While he did not share a timeline for the launch of the new model, Pareek said: “We will announce its commercial launch soon and are excited to see the IMPACT of the ‘Styleback’ on our customers.”

The Tigor will compete with the likes of Maruti Suzuki Dzire, Honda Amaze, Ford Aspire and Volkswagen Ameo which are priced in the range of Rs 5.35 to Rs 9.55 lakh.

Tata Motors has set a target of being among the top three passenger vehicles manufacturer in India by 2019. It’s hatchback Tiago has been received well in the market. It has also launched a new SUV Hexa.

Tata Motors skids over 2% on muted January sales

Tata Motors skids over 2% on muted January sales

02/02/2017 12:09

Shares of Tata Motors fell over 2 per cent on the Bombay Stock Exchange after the auto major said that its passenger and commercial vehicle total sales (including exports) in January 2017 were at 46,349 vehicles, a decline of 1 per cent over 47,035 vehicles sold in January 2016.

The company’s domestic sales of Tata commercial and passenger vehicles for January 2017 registered flat growth at 41,428 nos., over January 2016.

Weighed down by soft January sales, shares of company declined as much as 2.51 per cent to hit intra-day low of Rs 528.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of firm dipped 2.26 per cent to Rs 530.00 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,090.39, down 51.25 points, or 0.18 per cent, at 12:00 hours.

Maruti Suzuki India sales climb 27.1% in January

Maruti Suzuki India sales climb 27.1% in January

01/02/2017 14:16

India’s largest car maker Maruti Suzuki India Ltd (MSIL) on Wednesday reported a growth of 27.1 per cent in its total sales in January at 1,44,396 vehicles as compared to 1,13,606 vehicles during the same period a year ago.

The domestic sales of carmaker rose by 25.9 per cent to 1,33,934 vehicles during January month, as against 1,06,383 vehicles in January 2016.

Further, its exports during the month grew by 44.8 per cent to 10,462 vehicles, as compared to 7,223 vehicles in January last year.

MSIL’s mini segment car sales, including Alto and WagonR surged by 10.9 per cent to 37,928 vehicles as compared to 34,206 vehicles in the year-ago month, the company said in a statement.

Sales of the compact segment comprising Swift, Celerio, Baleno, Ritz, Ignis and Dzire jumped by 25.2 per cent to 55,817 vehicles in January 2017, from 44,575 vehicles last year.

MSIL said sales of its super compact Dzire Tour, however, slipped 15.3 per cent during the month-under-review at 3,001 vehicles, as compared to 3,545 vehicles in January previous year.

The sales of the company’s mid-sized Ciaz in January this year, climbed 20.2 per cent, at 6,530 vehicles, as against 5,431 vehicles in the same period last year.

Moreover, MSIL’s utility vehicles sales, including Gypsy, Ertiga, Vitara Brezza and S-Cross jumped 101 per cent to 16,313 vehicles in January 2017, as against 8,114 vehicles in the corresponding month of 2016.

The sales of the company’s vans segment, including Omni and Eeco witnessed a surge of 34.9 per cent to 14,179 vehicles in January month, as compared to 10,512 vehicles during the same period of 2016, the company said.

Meanwhile, shares of the company were trading at Rs 6,086 apiece, up 3.21 per cent, from previous close on BSE at 14:20 hours.