Economy

Maruti Suzuki sales up 9.5% to 146446 units in October 2017

Maruti Suzuki sales up 9.5% to 146446 units in October 2017”

While sales for its entry-level segment offerings, the Alto and the Wagon R have registered a dip of 4.2 percent in October 2017 with 32,490 units (October 2016: 33,929), the quintet of compact cars - Swift, Celerio, Ignis, Baleno and the Dzire - registered solid 24.7 percent growth with sale of 62,480 units (October 2016: 50,116).

Sangareddy: Managing Director and Chief Executive Officer, Maruti Suzuki India, Kenchi Ayukawa has observed that India will be third largest automobile industry in the world by 2026 by recording a rapid growth over the next one decade.

Toyota Kirloskar Motor (TKM) today reported a 6.45 per cent rise in domestic sales at 12,403 units in October.

"Utility vehicles (Vitara Brezza, Ertiga, S-Cross) segment recorded a whopping 29.8 percent growth", Maruti said, adding it sold 872 units of Super Carry that comes under light commercial vehicles, against 80 units in year-ago month. The Suzuki Motor unit had, in the last two months, reported strong sales as dealers stocked up ahead of the festival season that started in September, considered an auspicious time in India to purchase vehicles. Mahindra's domestic sales grew marginally to 48,818 units last month compared to 48,729 in October 2016.

M&M President Automotive Sector Rajan Wadhera said: "The auto industry has had a mixed month. The build-up to Dhanteras and Diwali was good but the demand tapered off subsequently". The total sales also include the 1.36 lakh units sold in the domestic market along with the 10,446 units which are exported and both saw a growth of 9.9 per cent and 4.2 per cent respectively.

Its domestic sales stood at 1,36,000 units, up 9.9 per cent from 1,23,764 in October previous year, MSI said in a statement. Similarly, compact vehicle sales went up by 24.7 per cent with 62,480 units against the 50,116 units sold in October 2016.



Like this

loading...
loading...

Latest


01 November 2017
Justin Trudeau As Clark Kent Aka Superman For Halloween Is 10/10
Last year, Trudeau dressed as the pilot to his son's Petit Prince as he went trick-or-treating with all his kids. World leaders can get away with a lot these days, even showing up for work in a Halloween costume.

01 November 2017
Barrick Gold Corporation (NYSE:ABX) Pressured Under Trend Lines
The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. The stock exchanged hands with 9,338,295 numbers of shares compared to its average daily volume of 9.36M shares.

01 November 2017
General's slip highlights U.S. troop numbers in Syria
And in Iraq, the official U.S. presence is 5,262 - but again officials acknowledge a bigger footprint. When pressed on the issue, Jarrard backtracked.

01 November 2017
Mortgage Interest Rates Worsen at TD, PHH Mortgage Nov 1, 2017
The 5 year ARMs at Commerce are published at 3.125% with a starting April of 3.868% which will change as interest rates adjust. The short term 15 year refinance fixed rate mortgages at the bank are being offered for 3.000% with an April of 3.145% today.

01 November 2017
New Analyst Ratings For Royal Bank Of Scotland Group (LON:RBS)
The Firm operates through three business divisions: agriculture and turf, construction and forestry, and financial services. Citigroup Inc. restated a "sell" rating on shares of Royal Bank of Scotland Group plc in a report on Friday, July 21st.

01 November 2017
Max Evans is Dancing On Ice's fifth celebrity skater
Max revealed: "I haven't done any skating since I was a kid, and this is completely different having to skate on live television". Previous hosts Phillip Schofield and Holly Willoughby will return to front the series, due to air in early 2018.

01 November 2017
Hybridization Is Inevitable For Lamborghini's Huracan Successor
Lamborghini's next-generation Huracan is set to come with a hybrid powertrain when it is introduced in 2022. In addition, the long-awaited Urus SUV will launch with a hybrid powertrain later this year.

01 November 2017
Highway 400 closed south of Barrie
All lanes of Highway 400 are closed between Country Road 88 and Highway 89 and are expected to remain closed throughout Wednesday. Police said the highway closure of both the northbound and southbound lanes of Highway 400 will be in effect for most of the day.

01 November 2017
September unemployment drops for Jefferson and Lewis counties from a year ago
Lancaster County's unemployment rate fell to 3.8 percent in September, the state Department of Labor & Industry said Tuesday. It was up 24,400 jobs from 1,230,200 to 1,254,600, or a full two percentage point increase over the prior 12 months.

01 November 2017
StanChart Reports Third-Quarter Profit Rises 78 Percent
The bank said the global economy is recovering, albeit at a slow pace, but warned that strong competition was keeping asset margins "under pressure".