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17.05.25 - 19:39
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Vietnam Q1 Auto Sales Outperform Asian Peers, Rising 24%, Led By Chinese Brands (ZeroHedge)
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Vietnam Q1 Auto Sales Outperform Asian Peers, Rising 24%, Led By Chinese Brands
Vietnam led Southeast Asia's auto sales growth in Q1 2025, with a 24% year-on-year surge, outpacing larger markets thanks to strong economic momentum and rising public investment, according to Nikkei Asia.
Nikkei Asia data shows total sales across Southeast Asia's five biggest markets—Indonesia, Malaysia, Thailand, the Philippines, and Vietnam—fell 1.7% to 732,898 vehicles.
In Vietnam, hybrid vehicle sales soared 80% to 2,562 units, driven by new models from Toyota and Suzuki. Commercial vehicles and trucks also saw strong gains, rising 22% and 21% to 15,445 and 13,400 units, respectively, supported by a 19.8% jump in public investment to $4.67 billion.
“We expect Vietnam's passenger car sales, excluding VinFast and some luxury brands, to grow 15% year on year in 2025,” said Thuc Than, an analyst at Vietcap Securities. “Our forecast does not take into account a possible negative outcome of the tariff n...
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26.04.25 - 02:48
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Maruti goes slow on new plant amid sluggish sales (Times of India)
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Maruti Suzuki is slowing down land acquisition for its second Gujarat factory, a Rs 35,000-crore project, due to sluggish car sales growth. Chairman R C Bhargava stated that current expansion plans in Haryana and Gujarat are sufficient, given the market's 1-2% growth....
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25.04.25 - 11:54
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Maruti Suzuki reports slight 1% dip in Q4 profit (Times of India)
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Maruti Suzuki India reported a slight dip of 1% in its consolidated net profit for Q4 FY25, reaching Rs 3,911 crore. Despite this, the company experienced a healthy rise in revenue, with total income increasing to Rs 40,920 crore. For the full financial year, Maruti Suzuki posted a net profit of Rs 14,500 crore, a 7....
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08.01.25 - 00:01
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EV sales zoom 20% to nearly 1L units in 2024 on price cuts (Times of India)
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Electric car sales surged by 20% in 2024, with around one lakh units sold, thanks to price cuts despite concerns over charging infrastructure and battery longevity. Tata Motors led the market, followed by JSW MG Motor. Maruti Suzuki and Hyundai plan to enter the EV market this year, anticipating further growth through new model launches....
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02.01.25 - 01:24
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Car sales growth slowest in 4 years (Times of India)
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Car sales growth in India slowed to approximately 5% in 2024, the slowest in four years, due to urban market pressures. The industry sold about 43 lakh units, with SUVs making up 54% of sales. High car prices and affordability issues impacted demand. Despite this, Maruti Suzuki achieved its highest-ever annual sales, aided by rural market penetration....
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01.01.25 - 12:18
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Maruti Suzuki records 30% rise in December sales (Times of India)
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Maruti Suzuki India Ltd reported a 30% rise in overall wholesales for December 2024, totaling 1,78,248 units. Domestic sales increased, with mini and compact cars showing significant growth. Utility vehicle sales also rose, while Ciaz sedan sales dipped slightly. Exports climbed to 37,419 units....
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02.12.24 - 07:02
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India′s Nifty Auto index rises after Nov sales data (Reuters EN)
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BUZZ-India's Nifty Auto index rises after Nov sales data ** Shares of Bajaj Auto, Mahindra & Mahindra, Tata Motors, Maruti Suzuki and TVS Motor up between 0.5% and 1.6% after announcing Nov auto sales ** Shares of Ashok Leyland, Eicher Motors, Hyundai Motors India and Hero MotoCorp are down between 0.4% and 2.2% ** Ashok Leyland is the top loser an...
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