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Indian car dealers worry about deeper discounts amid sales slump

Baua Electric

August sales fell 4.5 Dealers anticipate a boost during the festive season, but many buyers are delaying purchases for better deals. --> The Indian auto market struggles with high inventory and consumer hesitancy, prompting fears of deeper discounts. August sales fell 4.5 August sales fell 4.5 August sales fell 4.5

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Ford shows dealers new low-cost EVs, including sedans, crossover SUVs, and pickups

Baua Electric

Ford is doubling down on plans to launch low-cost EVs after showing dealers several new renderings. The latest images revealed electric sedans, crossover SUVs, and pickups that could hit the market to challenge Tesla and Chinese EV leaders like BYD. However, the company has been taking talent from all around the industry.

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August Auto Sales Fall Below Expectations But Relatively Stable

The Truth About Cars

Despite market analysts forecasting that August would offer a sizable boost in automotive sales, aided by the fact that Labor Day weekend partially overlaps with the end of the month, customers failed to come out in droves to buy a new vehicle. Though it was hardly a bloodbath for dealers and prices are starting to trend in favor of shoppers.

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Kia shatters US sales record again with its first three-row electric SUV picking up steam

Baua Electric

Kia just set another US sales record in August, with more cars sold than in any month in company history. As demand for its first three-row electric SUV, the EV9 , continues to build, Kia’s EV sales climbed 27% from last year. Kia credited higher demand for SUVs and EVs for the record-breaking performance.

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Auto dealers bet big on new launches, positive sentiment for car sales boost

Baua Electric

Read more FADA is betting big on new car launches, positive consumer sentiments, high demand for SUVs, and improved availability of cars for short and long-term passenger vehicle sales growth in 2024. This comes after the Indian automobile industry registered sales of more than 41 lakh passenger vehicles in 2023.

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Car sales continue to drop in August as major auto manufacturers report dip

Baua Electric

Sales of mini segment cars, comprising Alto and S-Presso , declined to 10,648 units last month as against 12,209 units a year ago. In a virtual press conference, Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Partho Banerjee said the company reduced vehicle dispatches by 13,000 units in August.

Sale 52
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Maruti Suzuki to cut down production this festive season amid sales slowdown

Baua Electric

By: HT Auto Desk | Updated on: 21 Aug 2024, 11:18 AM Maruti Suzuki’s sales dropped by 9.64 per cent in July as the carmaker reduced vehicle dispatches to dealers amid moderation in demand. Sales of most of the carmakers in India has been witnessing a downslide recently. However, the carmaker could sell only 4.27

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