Chennai, 01 Nov 2016 : Domestic sales of automobiles were on the growth path last month (October) with most of the major players in different segments logging growth over corresponding month of the previous year and experts confident the trend is expected to continue.
However the lower exports dragged down the overall sales of major players in the passenger car segment.
“Passenger cars and two wheelers sales continue to grow. This is backed by positive customer sentiments and better in hand cash flows to support their discretionary spends. Overall we should see good growth this year in all the vehicle categories,” said Abdul Majeed, Partner- Price Waterhouse and an auto expert.
According to him, medium and heavy commercial vehicles will bounce back once demand for freight movement picks up.
India’s largest passenger car maker Maruti Suzuki India Ltd said it closed last month selling 133,793 units (domestic 123,764 units, exports 10,029 units) last month as against 134,209 units (domestic 121,063 units, exports 13,146 units) sold during October 2015.
The company saw sales decline in its mini (Alto, WagonR), compact (Swift, Ritz, Celerio, Baleno, Dzire) super compact (Dzire Tour) and van (Omni, Eeco) segments, but on the other hand, sales of its utility vehicles (Gypsy, Ertiga, S-Cross, Vitara, Brezza) zoomed to 18,008 units last month, up from 9,435 units sold in October 2015.
Similarly Hyundai Motor India Ltd said it sold 64,372 units (domestic 50,016 units, exports 14,356 units) in October, up from 61,701 units (domestic 47,105 units, exports 14,686 units) sold during October 2015.
“Hyundai with a highest-ever domestic volume of 50,016 units registered record cumulative sales of 64,372 units in October 2016.
“Hyundai achieved the highest and fastest domestic sales of 50,000 units mark within 15 months from the earlier milestone of 40,000 units,” MD and CEO Y.K.Koo was quoted as saying in the statement.
On its part, Tata Motors Ltd said it sold 16,311 passenger vehicles up from 12,747 units sold during October 2015.
Tata Motors closed last month with a total sales of 52,813 units as against 43,486 units sold during the corresponding period of the previous year.
Smaller player in the Indian car market Volkswagen Passenger Cars India sold 5,534 units last month as compared to 3,255 units in the corresponding month the previous year.
In the two-wheeler segment, high capacity motorbike maker Eicher Motors Ltd increased its sales volumes by 33 per cent to 59,127 units as compared to 44,522 units sold during October 2015.
Bulk of the sales for Eicher Motors came from two-wheelers with engine capacity up to 350 cc (55,188 units) while vehicles with more than 350cc engine capacity accounted for 3,939 units sold last month.
Commercial vehicles major Ashok Leyland sold 12,533 units, up from 9,803 units sold in October 2015.
The other major commercial vehicles player Tata Motors logged 15 per cent growth selling 30,169 units last month.
McDonald’s CEO fired over relationship with employee
San Francisco, 4 Nov : Fast food giant McDonald’s has fired its CEO Steve Easterbrook after its board of directors found that he “demonstrated poor judgment” in a consensual relationship with an unidentified employee, the media has reported.
McDonald’s Corporation on Sunday announced that its Board of Directors has named Chris Kempczinski, most recently President, McDonald’s USA, as President and CEO, effective immediately. Kempczinski has also been elected to the McDonald’s Board of Directors.
“Kempczinski succeeds Steve Easterbrook, who has separated from the company following the board’s determination that he violated company policy and demonstrated poor judgment involving a recent consensual relationship with an employee,” the fast food giant said in a statement.
According to MarketWatch, Easterbrook sent an e-mail with a memo to employees acknowledging the relationship and said it was a mistake, Efe news agency reported. “Given the values of the company, I agree with the board that it is time for me to move on,” he said in the letter.
McDonald’s said it voted to approve Easterbrook’s departure last Friday after conducting a thorough analysis of the situation, and his compensation details will be known on Monday after the submission of documents to federal authorities.
Now DGCA tells GoAir to change engines in 13 aircraft
New Delhi, 29 Oct : The country’s civil aviation regulator — the Directorate General of Civil Aviation (DGCA) — has instructed GoAir to install at least one modified engine in 13 of its A320neo aircraft within the next 15 days.
Bonanza for stock markets in the works; DDT to be scrapped
New Delhi, 29 Oct : A bonanza is in the offing for the stock markets as the Prime Minister’s Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs and holding period of long term capital gains (LTCG), short term capital gains (STCG) and securities transaction tax (STT).
- Gujarat was first state to adopt policy for solar power: PM Modi
- Mehbooba Mufti said she would not raise any flag other than Kashmir
- APPLE HOMEPOD MINI LAUNCHED AT $99, IPHONE 12 STARTING $699, IPHONE 12 PRO FROM $999
- PDP chief Mehbooba Mufti released from detention after 14 months
- 96 percent paddy procured in state mandis of total a arrival so far
- Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF
- Johnson & Johnson Pauses COVID-19 Vaccine Trial Participant Became Unwell
- Delhi records season’s worst air day, AQI mounts to 304
PDP chief Mehbooba Mufti released from detention after 14 months
Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on...
Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15
Swimming pools for training of sportspersons to open with SOP from Oct 15
SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance
Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had...
Bigg boss 13: Siddharth Shukla won, Asim first runnerup
Delhi court convicts 19 persons in Bihar’s Muzaffarpur shelter home case
New Delhi, 20 Jan : The Saket court in Delhi on Monday convicted 19 accused, including high-profile Brajesh Thakur, in...
Kings XI Punjab won by 97 runs
Dubai, Sep 24 : King XI Punjab beat Royal Challengers Bangalore (RCB) by 97 runs in the sixth match of...
IPL 13: Delhi won in super over, Mayak’s half-century wasted
Dubai, 21 September: The second match of the season played in the 13th season of the Indian Premier League (IPL)...
Chennai Super Kings beat Mumbai Indians by 5 wickets
Abu Dhabi, 19 September : Chennai Super Kings defeated Mumbai Indians by five wickets in the first match of IPL-13...
IPL 13 : Mumbai Indians set 163 run target for Chennai Super Kings
LIVE Score : IPL 13 – Mumbai Indians VS Chennai Super Kings
IPL 13 : Chennai Super Kings win the toss and chose to bowl
Abu Dhabi, 19 Sep : Last year’s runners-up Chennai Super Kings won the toss and chose to bowl against defending...
Disha Patani Crosses 40 million followers on instagram
Disha Patani now has over 40 million followers on Instagram. The actress thanked her fans saying she is nothing without...
Jacqueline song ‘Genda Phool’ crosses 550 million views
On the super success of Genda Phool, Jacqueline Fernandez said, “We have recently crossed the 550 million views and it...
Sushant Singh Rajput commits suicide at Mumbai home
Mumbai, 14 June : Well known Bollywood actor Sushant Singh Rajput was found dead at his Bandra residence here on...
Salman wishes fans ‘Eid Mubarak’ with releasing his latest song Bhai Bhai
Mumbai, 25 May : Salman Khan wishes fans ‘Eid Mubarak’ with releasing his New track titled Bhai Bhai.
India’s international actor Irrfan Khan no more
Mumbai, 29 April : Irrfan Khan, who won over millions of fans with his roles in numerous international and Indian...
Breaking2 years ago
Happy Diwali Images 2018, Happy Diwali Wallpapers 2018 |Happy Diwali Images | Live24India
Breaking1 year ago
Toilet in MP anganwadi serves as midday meal kitchen
Don't Miss4 years ago
12 Things You Should Never Put In Your Vagina
Himachal Pradesh4 years ago
#Photogallery : Shimla, Manali, Dharamsala receive fresh snowfall
Don't Miss4 years ago
15 Epic Beach Photos
Entertainment1 year ago
Prabhas is super excited to join his Baahubali team in London for the royal reunion
Bollywood3 years ago
Priyanka Chopra chilling in Miami in a bikini is TOO HOT
Don't Miss4 years ago
11 Sex Mistakes Men Make (And How to Avoid Them)