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Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Livemint

Livemint · 11m ago

Maruti Suzuki reports 3.9% decline in August sales, Tata Motors witnesses 8% dip | Mint

Indian automobile manufacturers Maruti Suzuki and Tata Motors both reported declining sales for August 2024. Maruti Suzuki saw a 3.9% decline in sales, with a total of 181,782 units sold. Tata Motors reported an 8% reduction in sales, with a total of 70,006 units sold. Maruti Suzuki's decline was largely driven by a decrease in sales in the small car segment, while Tata Motors saw a decline in both commercial vehicle and passenger vehicle sales.

Related News

Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%

Money Control

Money Control · 1y ago

Weak July sales sour mood for auto stocks; Maruti Suzuki, Tata Motors, Eicher fall up to 3%

Auto sales for major automakers in July fell below market expectations, resulting in a decline in auto stock prices. Companies such as Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra saw a drop in sales, dragging down the Nifty Auto index by nearly 2%. Royal Enfield saw an 8% decline in motorcycle sales, Tata Motors recorded an 11% drop in total sales, and Maruti Suzuki experienced a 5% decline in sales. However, Mahindra & Mahindra saw a slight increase in sales. The data indicates weakness in commercial vehicles and potential risks for passenger vehicles.

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

OutlookIndia

OutlookIndia · 2m ago

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

Tata Motors reported a 7% decline in overall domestic sales in April, selling 72,753 vehicles compared to 77,521 the previous year. Both commercial and passenger vehicle sales fell, with commercial vehicle sales dropping by 8% and passenger vehicles by 5%. Notably, the electric passenger vehicle sales witnessed a significant 16% decline. Despite initial stock drops, Tata Motors shares rebounded slightly. Meanwhile, competitor Maruti Suzuki recorded a 7% sales growth, including exports.

Auto sales remain mixed in August: Passenger Vehicles, CV volumes drop, Electric two-wheelers see strong growth | Mint

Livemint

Livemint · 11m ago

Auto sales remain mixed in August: Passenger Vehicles, CV volumes drop, Electric two-wheelers see strong growth | Mint

In August, automobile companies experienced a decline in sales volume for both passengers and commercial vehicles. Weak retail demand, monsoon season, and high inventory levels were cited as factors impacting the PV and CV segments. However, there was a high single-digit growth in domestic two-wheeler sales driven by festival season preparations. The electric two-wheeler segment saw a significant surge in retail sales. Tractor sales remained flat due to uneven rainfall distribution. Major companies like Maruti Suzuki, Hero MotoCorp, and Tata Motors reported varying sales figures for the month of August.

Auto players line up array of new EV models in coming years on govt push to green mobility

Thehindubusinessline

Thehindubusinessline · 1y ago

Auto players line up array of new EV models in coming years on govt push to green mobility

The Indian auto industry is preparing to introduce a range of electric vehicle models in response to the government's new policy promoting eco-friendly mobility solutions. Major players such as Maruti Suzuki, Hyundai, Mahindra & Mahindra, and Tata Motors are developing new electric vehicles to meet demand. Mahindra & Mahindra is set to launch five new battery electric SUVs starting January 2025, while Maruti Suzuki plans to produce a high-spec EV with a 550 km range in FY24-25. Hyundai, Tata Motors, Audi, and Mercedes-Benz also have electric vehicle expansion plans for the Indian market.

Local car sales dip again in June as buyer sentiment stays weak

Economic Times

Economic Times · 1m ago

Local car sales dip again in June as buyer sentiment stays weak

Local car sales in India fell by 6% in June, with 320,000 units sold, as weak buyer sentiment continued. Major carmakers like Maruti Suzuki, Hyundai, and Tata Motors saw significant declines in sales, with Maruti Suzuki down 13%. The small car segment particularly struggled due to affordability issues, despite GDP growth. However, the electric vehicle sector showed promise with robust growth. In contrast, Mahindra & Mahindra experienced an 18% sales increase, bucking the trend.

Tata Motors says no panic yet over rare earth supply

Economic Times

Economic Times · 1m ago

Tata Motors says no panic yet over rare earth supply

Tata Motors is exploring alternative sources for rare earth magnets amid China's export restrictions but reports no immediate production disruptions. Tata's CFO, PB Balaji, assured no current panic or curtailment in production. Meanwhile, Maruti Suzuki reduced its electric e-Vitara production due to rare earth shortages. The Indian government is considering subsidies to boost domestic rare earth magnet production to mitigate the impact of China's tightening export policies and reduce import dependency.

Tata Motors drives past Maruti, becomes most valued automaker

Livemint

Livemint · 1y ago

Tata Motors drives past Maruti, becomes most valued automaker

Tata Motors has surpassed Maruti Suzuki to become India's most valued automotive company, with a market capitalization of ₹3.15 trillion. The strong performance of its luxury vehicles arm, Jaguar Land Rover, and achieving free cash flow targets have contributed to Tata Motors' stock price rise of 9.4% in the last month. Analysts predict better operating margins in the upcoming third quarter earnings, driven by higher sales and a favorable mix of products. Tata Motors aims to grow its EV sales by 40% in 2024.

Demerger caps a decades-long metamorphosis of Tata Motors

Money Control

Money Control · 1y ago

Demerger caps a decades-long metamorphosis of Tata Motors

Tata Motors, formerly known as Telco, has succeeded in a corporate transformation that took 25 years. The idea of dividing the company into two was proposed in 1998, and Tata Motors has since focused on producing both heavy and light motor vehicles. Over the years, the company has faced the challenge of competing with Maruti Suzuki and has emerged as a prominent player in the passenger vehicle and electric vehicle markets. The acquisition of Jaguar Land Rover also helped Tata Motors establish a strong presence in the EV industry.

Maruti Suzuki will continue efforts in low-cost car segment; budget buyers in focus: Report

Livemint

Livemint · 1y ago

Maruti Suzuki will continue efforts in low-cost car segment; budget buyers in focus: Report

Maruti Suzuki India plans to continue manufacturing low-cost small cars for budget-conscious consumers, according to RC Bhargava, the company's Chairman. Despite a dip in the small car segment of the passenger vehicle market, Maruti Suzuki aims to meet societal and economic needs by offering affordable and safe options. Additionally, the company is exploring green technologies, including strong hybrids, CNG, and ethanol, to reduce carbon emissions and improve fuel efficiency. Maruti Suzuki is also planning to launch electric vehicles in the near future and has begun trials for biogas production.

Tata Motors, Maruti, M&M, Hyundai shares: Fresh price targets amid auto sector underperformance

Business Today

Business Today · 5m ago

Analysts from InCred Equities favor Hero MotoCorp as the top OEM for its valuation, followed by Maruti Suzuki and Ashok Leyland due to expected volume recovery. Tata Motors and TVS Motor are among the reduce-rated stocks, while Bharat Forge and Balkrishna Industries receive an add rating. Bajaj Auto is upgraded, alongside Samvardhana Motherson in the component sector. Despite some optimizations, the general stance on the auto sector remains neutral.

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