Cars India Ltd. (HCIL) registered monthly domestic sales of 8,291 units in
August 2019 whereas the number of export units stood at 227. The company had
sold 17,020 units in domestic market in August 2018. The fall in domestic sales
is to the tune of (-) 51 per cent.
company’s Aug’19 results are also on a higher base of Aug’18 when all new Amaze
was in its early months after mega launch.
Goel, Senior Vice President and Director-Sales and Marketing, Honda Cars India
Ltd said, “The auto sector continues to witness high de-growth due to poor
consumer sentiment. This is despite the high discounts prevailing in the market
which makes it the best time to buy cars. We hope the recent measures taken by
the government will help in improving consumer sentiment and demand creation as
we move forward. With the impending festive season, the sales are likely to
pick-up in coming months.”
Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced its Global Automotive Colour of the Year 2022 – Royal Magenta.
ReadyAssist, an autotech startup plans to invest USD 8 million over a year to augment EV infrastructure in the country. It will kick-off the initiative by setting-up Grid, a phygital store (Physical s...
Hyundai Motor India Ltd. (HMIL) has announced its new campaign with the 6- and 7-Seater SUV – Alcazar, featuring Shah Rukh Khan and the four 4 Indian Women Cricketers -Smriti Mandhana, Jemimah Rodrigu...