Tag: Automobile

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 global wholesales for March at 118,750 nos.

Tata Motors global wholesales for March at 118,750 nos.

12/04/2016 08:28

The Tata Motors Group, largest automobile manufacturer in India, has reported its global wholesales in the month of March, 2016. It said that, including Jaguar Land Rover, global wholesales were at 118,750 numbers, up by 11 per cent when compared to the month of March last year i.e. in 2015.

The Tata Motors Group’s cumulative wholesales for this 2016-17 were at 10, 66,254 numbers, up by 8 per cent over the last fiscal.

Meanwhile, the global wholesales of all Tata Motors’ commercial vehicles and its Tata Daewoo range in March 2016 were 45,235 numbers, increased by 18 per cent, compared to what it had reported in March last year i.e. 2015. Tata Motors’ cumulative commercial vehicles wholesales for this fiscal were higher by 4 per cent, over the last fiscal i.e. 2015-16, at 391,629 numbers.

Tata Motors’ worldwide wholesales of all passenger automobiles in March 2016 were at 73,515 numbers, higher by 8 per cent, compared to what it had reported in the month of March last year. The company’s cumulative passenger vehicles wholesale for this fiscal is at 674,625 numbers. It was higher by 11 per cent, over the last fiscal.

Tata Motors’ global wholesales for the Jaguar Land Rover were 64,579 vehicles. It includes CJLR, a JV between JLR and Chery Automobiles, wholesales of 6,388 units. Wholesales for Jaguar in the month of March were 13,370 automobiles and collective wholesales were 1,02,106 automobiles, while Land Rover wholesales for the month were 51,209 automobiles and cumulative wholesales were 4,41,979 automobiles. Tata Motors said that its cumulative wholesales for Jaguar Land Rover for the fiscal were 544,085 automobiles.

Tata Motors had consolidated revenues of Rs 2,62,796 crores in 2014-15. Through subsidiaries and secondary companies, Tata Motors has setups in the UK, South Korea, Thailand, South Africa and Indonesia.

Meanwhile, Tata Motors’ share price was at Rs 382.65, up 3.02 per cent on the National Stock Exchange at 14:10 hours.

Auto industry down 18 pct in FY16; misses target

Auto industry down 18 pct in FY16; misses target

11/04/2016 00:09

Auto industry missed the target of producing 4.1 million passenger vehicles last fiscal under the Automotive Mission Plan 2006-16, although it exceeded the cumulative production target of 27.75 million units for the 10-year period by 1 per cent.

The turnover in 2015-16, as per Society of Indian Automobile Manufacturers (SIAM) estimates, stood at Rs 6.01 lakh crore, which is within the target range of Rs 5.61 lakh crore and Rs 7.31 lakh crore under the Automotive Mission Plan (AMP) 2006-16.

According to SIAM, in 2015-16 actual production of passenger vehicles was at 3.4 million units, by 18 per cent from the target of 4.1 million.

Likewise, in the two-wheelers there was a shortfall of 42 per cent with actual production in FY16 at 18.8 million units as against a target of 32.6 million units.

Commercial vehicles also missed the target of achieving 8.9 lakh units in 2015-16 with actual production standing at 7.8 lakh units, a shortfall of 12 per cent.

Similarly, three-wheelers also missed the target by 4 per cent with actual production in 2015-16 at 9.3 lakh units against the target of 9.7 lakh units.

On the other hand, the auto industry managed to exceed the cumulated production targets of various categories except the two-wheelers for the ten-year period.

As per SIAM figures, cumulative production of passenger vehicles in FY06-FY16 period was at 27.91 million, more than 1 per cent from the target of 27.75 million. This was possible due to a surplus of 26 per cent witnessed around 2009-10 to 2012-13.