September retail sales drop 1.5 percent, biggest decline in 9 months, as auto sales plungeOctober 14th, 2009 Retail sales fall 1.5 percent in SeptemberWASHINGTON — Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program. The Commerce Department says retail sales dropped 1.5 percent last month.
India Yamaha sales up 160 percent in SeptemberOctober 1st, 2009 NEW DELHI - Two-wheeler major India Yamaha Motor has reported 160 percent increase in sales in September. The company sold 26,394 units last month as against 10,142 units sold in September last year.
India logs 26 percent spurt in car salesSeptember 8th, 2009 NEW DELHI - Even as auto companies worldwide are in a slump, India saw a 25.59 percent growth in the sale of passenger cars in the domestic market in August, compared to the like month of last year, industry data showed Tuesday. According to the Society of Indian Automobile Manufacturers (SIAM), 120,669 units were sold last month, compared to 96,082 units in August 2008.
Hyundai's August sales jump nearly 11 percentSeptember 1st, 2009 NEW DELHI - Hyundai Motor India, the countrys second largest car manufacturer and the largest passenger car exporter, Tuesday reported a growth of 10.7 percent in sales in August. The company sold 49,521 vehicle last month as against 44,710 units sold in August last year, it said in a statement.
Skoda's August sales up 33 percentSeptember 1st, 2009 NEW DELHI - Skoda Auto India Tuesday reported sales of 1,463 units in August as against 1,103 units in the like month last year, reflecting a year-on-year growth of 33 percent. According to the company, its Skoda Octavia and the New Skoda Laura proved to be the hottest selling cars in the high-end C+ segment with sales figure of 627 units in August 2009.
VW: 6-month profit down 81 pct to euro494 million; '09 sales likely lower than 2008July 30th, 2009 Volkswagen says 6-month profit falls nearly 81 pctBERLIN — German automaker Volkswagen AG said Thursday that its six-month net profit slipped nearly 81 percent to euro494 million ($696.7 million) on decreased demand during the recession and that total sales this year will be less than in 2008. The Wolfsburg-based company, whose brands include Audi, VW, Seat and Skoda, earned euro2.5 billion in the first six months of 2008.
Germany's VW says 2Q profit down 83 pct to euro283 million on dropping sales amid recessionJuly 30th, 2009 VW's 2Q profit careens 83 pct lower to euro283MBERLIN — Volkswagen AG says its second-quarter net profit plummeted 83 percent as sales of its cars — from Audis to Skodas — slid lower as consumers put off new car purchases worldwide during the recession. The Wolfsburg-based automaker, currently in talks to merge with Porsche SE, said Thursday that it earned euro283 million ($399.14 million) in the April-June period compared with euro1.6 billion a year earlier.
Nestle India net up 33.8 percentJuly 30th, 2009 MUMBAI - Food products major Nestle India Thursday reported a 33.8 percent increase in net profit to Rs.162 crore for the quarter ended June 30 as compared to Rs.121 crore in the like period last fiscal. The total income surged 16.8 percent to Rs.1,218 crore from Rs.1,042 crore, the company said in a regulatory statement.
German carmaker Volkswagen increased global car market share to 12 percent in first half 2009July 24th, 2009 Volkswagen increases market share in first halfFRANKFURT — German carmaker Volkswagen AG said Friday it was able to increase its global car market share during the first six months of the year despite difficult operating conditions. The Wolfsburg-based company said its market share for the January-June period increased to 12 percent from 9.9 percent in the first six months of 2008, despite selling less cars because of the recession.
Maruti launches Ritz hatchbackMay 16th, 2009 MUMBAI - Maruti Suzuki India Ltd has launched its premium hatchback, Ritz, as it battles to boost sales in a segment that is set to see greater competition. Maruti, which sells one of every two cars sold in India, expects to get a "good response" for the new car, Managing Director and CEO Shinzo Nakanishi said, but he declined to give sales forecast.
Maruti sales jump 15 percent in AprilMay 1st, 2009 NEW DELHI - The country's largest passenger car manufacturer Maruti Suzuki India Ltd Friday reported 15 percent growth in its sales, at 71,748 units sold in April as compared to 62,336 units in the corresponding period previous year. 'This is the fourth consecutive month of sales crossing the 70,000 units mark,' a company statement said.
Nestle India sales up 16 percentApril 30th, 2009 NEW DELHI - Nestle India Thursday reported 16 percent jump in sales during January-March this year at Rs.1,265.85 crore from Rs.1,091 crore in the like period last year. The company's domestic sales saw 18.7 percent rise during the quarter, while exports plummeted 15.1 percent, Nestle said in a statement.
Nestle India sales up 16 percentApril 30th, 2009 NEW DELHI - Nestle India Thursday reported 16 percent jump in sales during January-March this year at Rs.1,265.85 crore from Rs.1,091 crore in the like period last year. The company's domestic sales saw 18.7 percent rise during the quarter, while exports plummeted 15.1 percent, Nestle said in a statement.
Skoda launches new Superb for Indian marketMarch 11th, 2009 NEW DELHI - Czech auto major Skoda Tuesday launched an upgraded version of its premium sedan Superb at a discounted price for the Indian market. The new Superb, of which only one variant will be available now, is priced at Rs.1.88 million (ex-showroom Delhi), while the older models were priced between Rs.2.01 million and Rs.2.27 million.
Skoda clocks 28.5 percent sales growth in 2008January 1st, 2009 NEW DELHI - Auto manufacturer Skoda India sold 16,188 vehicles in the 2008 calendar year as compared to 12,596 units in 2007, clocking a 28.5 percent growth. Skoda's latest offering, the Skoda Fabia that was launched last January, sold 6,634 units during the period.
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