Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase out sales of conventional cars in Beijing by 2020 and nationwide by 2025, according to the official Xinhua news agency.
"Paytm Mall has noted a massive surge in two-wheeler sales over the last year as sales figures crossed Rs 100 crore. The company is currently witnessing over 3X quarter-on-quarter growth in the number of vehicles sold," Paytm said in a statement.
Domestic car sales were up 10.83 percent at 1,86,523 units as against 1,68,303 units in January last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Hinduja Group flagship company Ashok Leyland today reported a 7 percent increase in total sales at 14,872 units in January.
Domestic passenger vehicle sales declined by 1.36 per cent to 2,27,824 units in December 2016, from 2,30,959 units in the same month a year ago.
Consumption of fuel, a proxy for oil demand, totalled 14.8 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Motorcycle sales rose 5.66 percent to 10,65,856 units in October as against 10,08,761 units sold during the same month last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM).
Premium automaker Jaguar Land Rover said UK vehicle sales rose 19.7 percent in 2012 and new launches meant its outlook for 2013 was "positive".
Tata Motors today reported 13.43 per cent decline in its total vehicle sales to 66,500 units in November. The company had sold 76,816 units in the same month last year, Tata Motors said in a statement.
Vehicle sales in China, the world's largest automobile market, fell in September for the first time since January, largely as the result of anti-Japanese sentiment which suppressed sales of Japanese-branded cars on the mainland.
CNBC-TV18’s Ronojoy Banerjee reports that at a time when total car sales have seen virtually no growth this fiscal year, it was commercial vehicles which kept the engine running with an impressive double digit growth in the past 12 months. However, manufacturers fear that the euphoria could be short-lived.
Tata Motors Ltd's global vehicle sales rose 24 percent in February from a year earlier, the Indian company said on Friday, as continued strong sales of its luxury Jaguar Land Rover vehicles offset slower growth in India.
Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers’ revenues and profits in the April-June quarter.
Hinduja Group flagship firm Ashok Leyland today reported a 4.63% decline in total commercial vehicle sales to 8,009 units in June, 2011, compared to the same month of the previous year.
Vehicle sales in Japan fell by more than a third in March as a devastating earthquake, tsunami and resultant nuclear crisis wreaked havoc on assembly plants, parts manufacturers and the global supply chain.
Regaining its numero uno position on vehicle sales in the domestic market after a nearly two year gap, German luxury car maker 'Mercedes Benz' today exuded confidence on the future.