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India's record car sales in 2023: Here's a look under the hood

The pandemic depressed the passenger vehicle market across the world. India emerged as the fastest-growing automobile market for a key reason. Semiconductor chips, important components for cars, went scarce due to the pandemic disrupting supply chains. And when the pandemic effect started waning, there was a big scramble for those chips. India was able to produce cars faster than other major markets because its cars have fewer chips.

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Auto sales Nov 2023: Maruti Suzuki, Tata, Hyundai, and more

Here is a data of car sales for November 2023. - Overdrive

United-kingdom , India , Delhi , Nasik , Maharashtra , British , Maruti-suzuki , Max-power , Tata-motors , Hyundai , Toyota , Grand-vitara

Maruti Suzuki total sales up 3.39 pc to 1,64,439 units in November

Maruti Suzuki, India's largest automaker, reported a 3.39% YoY increase in total sales in November. Domestic sales, including passenger and commercial vehicles, inched up 1.57% from the previous year. While sales of entry-level mini cars declined, utility vehicle sales increased, contributing to the overall growth, the company said on Friday.

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Maruti Suzuki vs M&M: Which auto stock should you buy for long term?

The auto space is back in the game after a very long time. The decline in major commodity prices has been fruitful and margins have already started to improve. Amid this positive environment, let's find out between Maruti Suzuki and M&M, which auto major is a better investment for the long term.

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Auto sales Oct 2023: Tata, Hyundai, Mahindra, Kia, and more

As the festive season continues, the Indian automotive market appears to be witnessing a growth in sales, with some automakers achieving record figures for the month of October. - Overdrive

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Maruti Suzuki expects 16%-18% growth during festive season, says top official

Talking about Maruti's growth in the SUV and its current market share in the MPV and the MUV segment, Shashank Srivastava said that he expects growth to plateau around high numbers.

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Auto sales 2023: Maruti Suzuki, Hyundai, Toyota, and more

Here are the monthly sales results of the various carmakers in India. - Overdrive

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Maruti Suzuki total sales rise to 1,81,630 units in July

Maruti Suzuki India reported a 3% rise in total sales, with demand for utility vehicles driving the growth in July. The automaker sold 1,81,630 units last month as compared to 1,75,916 units in the same month last year. The domestic passenger vehicle sales increased by 6% to 1,52,126 units. However, sales of mini and compact cars saw a decline by 53% and 21%, respectively, due to a semiconductor shortage. Maruti Suzuki expects a better situation with semiconductor supply in the coming months.

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Maruti Q1 net profit doubles on robust sales

Net profit at the country's largest carmaker rose to ₹2,485.1 crore in the fiscal first quarter ended June 30 from ₹1,012.8 crore a year earlier. Net sales increased to ₹30,845.2 crore as against ₹25,286.3 crore, while the average selling price of vehicles rose to ₹5.33 lakh from ₹4.76 lakh a year earlier.

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Maruti expects sales momentum to continue; hopes to deliver more cars to customers this festive season

Despite a robust demand for its models, Maruti Suzuki India (MSI) foresees muted growth for the remainder of the fiscal year, said Senior Executive Officer (Marketing and Sales), Shashank Srivastava. With the semiconductor shortage subsiding, the carmaker hopes to achieve higher production and reduce wait times for models like Ertiga, Brezza, and XL6.

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