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Ford Motor Co.’s top sales analyst said that he expects sales of cars and car-based vehicles, such as crossovers, to continue increasing as consumers from baby boomers to young new buyers seek more efficient transportation options.
George Pipas, who spoke to the Automotive Press Association in Detroit, said a variety of factors will contribute to the continued growth of cars, especially smaller models. [click to continue...]
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Car makers in the country, led by Maruti Suzuki Hyundai and Tata Motors, today reported healthy jump in October sales, cashing in on robust purchases during the festive season.
Two-wheeler makers, except for market leader Hero Honda, also reported good sales growth during the month.
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This has been a heady Diwali weekend for carmakers which could pave the way for good sales numbers this month.
Market leader Maruti Suzuki sold 10,000-12,000 cars in three days from Dhanteras to Diwali, considered an auspicious period for buying.
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The festive season this year has given the recession-struck city car dealers a new lease of life with more customers flowing in for purchases. According to various car dealers in the city the car sales have jumped by 40 per cent from what it was in the last three months.
What’s cheering dealers is the fact that not only are the customers buying cars, they are also not settling for base models or regular cars. “All kinds of cars from Swift to Wagon R to Ritz, all categories are selling this season. The customers do not seem to be bothered by the recession and the salary cuts when it comes to buying cars this festive season,” Tapan Ghosh, regional manager, Maruti told ‘TOI’, adding that in the past one month the company has grown by 4 per cent despite recession. This being just the beginning of the festive season, Ghosh said that the company would expect more sales on Vijaya Dasami day, and later just before Diwali.
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A slew of new car launches, easing loan rates and an early pick-up in festive season demand helped the Indian auto industry continue its robust sales growth in August, crossing the 1 million mark for the first time in the current fiscal.
Commercial vehicle sales also reported an increase for the second consecutive month, growing 18.5% to 40,624 units in August from 34,289 units in the year-ago period. The major pull came from light trucks which has shown strong growth with demand picking up in rural markets, FMCG and infrastructure sectors. Commercial vehicle sales were negative for almost a year before bouncing back in July this year.
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A slew of new car launches, easing loan rates and an early pick-up in festive season demand helped the Indian auto industry continue its robust sales growth in August, crossing the 1 million mark for the first time in the current fiscal.
Commercial vehicle sales also reported an increase for the second consecutive month, growing 18.5% to 40,624 units in August from 34,289 units in the year-ago period. The major pull came from light trucks which has shown strong growth with demand picking up in rural markets, FMCG and infrastructure sectors. Commercial vehicle sales were negative for almost a year before bouncing back in July this year.
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