Major automobile manufacturers see big dip in June sales, though fared better as compared to May .
Sales for the company fell across segments. While sales of mini cars Alto and S-Presso declined 44.2% to 10458 units in June, those of compact cars (Swift, DZire, Tour S, Celerio, Baleno, Ignis, WagonR) fell 57.6% to 26,696 units. Wholesale volumes of midsize sedans Ciaz dropped 76.2% to 553 units in the month under review.
The rise in diesel price has wiped out the gains from the lower running cost of diesel vehicles.
According to industry observers, growth in passenger vehicle sales in the last quarter of the current fiscal will be aided by the low base of the fourth quarter of FY20, when around 657,244 units were dispatched by manufacturers to dealers. This is 22% lower than 844,195 units sold in the year-ago period.
MG’s journey with startups started back in 2017 with its first MG Innovation Hunt that was launched in partnership with TiE Delhi.
Automakers retailed 60,000 passenger vehicles in the local market last month, just over a fourth of what they did in May a year earlier.
Nissan to introduce eight new products in Africa, Middle East and India as part of Global Transformation Plan
Japanese auto major Nissan on Wednesday said it will introduce eight new products in Africa, Middle East and India (AMI) region under the company’s Global Transformation Plan.
The industry has lost nearly two months of sales due to the nationwide lockdown to check the spread of Covid-19. While production has restarted last month, it still hasn’t reached normal levels. Also, fewer people are visiting showrooms.
Ampere claimed the Magnus Pro runs 100 km per charge on economy mode and 80 km per hour on performance mode. The scooter takes five hours to for full charge. The scooter has a running cost of 15 paise per km.
After extensive deliberations and considerations on the current and future cash flow requirements of MKTSN clubbed with COVID 19 pandemic impact, the Board of Directors decided not to undertake further financial exposure in MKTSN and advised that the capital be allocated for growth and profitable business opportunities.
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