light vehicles – Tires & Parts News https://tiresandparts.net Your News Source for Everything Automotive Tue, 24 Nov 2020 12:09:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.11 Light vehicles sales in India to decline by 32.6% in 2020 https://tiresandparts.net/interaction/light-vehicles-sales-in-india-to-decline-by-32-6-in-2020/ https://tiresandparts.net/interaction/light-vehicles-sales-in-india-to-decline-by-32-6-in-2020/#respond Sat, 18 Jul 2020 08:07:36 +0000 https://tiresandparts.net/?p=31226 The Indian automotive industry has been hit hard by the COVID-19 pandemic. Zero sales in April, limited resumption of economic activities in May and the increasing number of new COVID-19 cases in June and July have severely affected the demand of new vehicles. The after-effect of limited economic activity during April and May has kicked-in […]

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The Indian automotive industry has been hit hard by the COVID-19 pandemic. Zero sales in April, limited resumption of economic activities in May and the increasing number of new COVID-19 cases in June and July have severely affected the demand of new vehicles. The after-effect of limited economic activity during April and May has kicked-in as weak labor/jobs market and the subsequent weak consumer sentiments resulting in cautious spending. Though there has been healthy demand from rural areas, it is not sufficient to counter-balance the tragic decline that April and May have seen. The market clearly looks far from recovery.

“According to the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicles sales in April-June 2020 stood at 153,734 units, which is 78.4% down from the same period previous year. All major OEMs witnessed decline in their Q1 2020-21 sales. The extension of lockdown till 31 July in several states and weak consumer sentiments over volatile market situation continue to deter customers from big ticket purchases. However, June has been a bit positive, at least for mass market vehicles. OEMs such as Maruti Suzuki and Hyundai witnessed month-on-month increase in June 2020 sales, primarily driven by small cars i.e., entry-level sedans and hatchbacks, and driven by strong demand recovery in the rural areas.

“However, when compared to 2019, Maruti Suzuki and Hyundai’s June 2020 sales declined by 54% and 49%, respectively. It indicates that the demand is approximately half compared to pre-COVID levels. With the unlock of economy in process, the coming months are expected to witness a gradual increase in month-on-month demand, but getting back to the pre-COVID volume levels will remain a ‘difficult to achieve’ target for the industry and SIAM expects a decline in range of 26-45% in the FY 2020-21.

“GlobalData expects change in Indian light vehicle market dynamics with increase in demand for small and mid-size vehicles due to consumer sentiments, which are directly linked to both COVID-19 and the economy. However, with the increasing number of COVID-19 cases and unpredictable market situation in the near-term, GlobalData forecasts new vehicle sales to fall down to 2010 levels. GlobalData’s latest light vehicle sales forecast estimates calendar year 2020 sales to reach 2.38 million units, a decline of 32.6% from the previous year.

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Renault-Nissan Alliance Emerges as Top Seller of Light Vehicles in 2017 https://tiresandparts.net/news/automotive/renault-nissan-alliance-emerges-top-seller-light-vehicles-2017/ https://tiresandparts.net/news/automotive/renault-nissan-alliance-emerges-top-seller-light-vehicles-2017/#respond Wed, 07 Feb 2018 14:19:33 +0000 https://tiresandparts.net/?p=22710 The Renault-Nissan alliance overtook Volkswagen to emerge as the biggest seller of light vehicles in 2017, after the figures from Mitsubishi helped it co clinch the top spot. Nissan had record sales of 5.82 million units, while Renault contributed 3.76 million to the final figure. Mitsubishi’s sales amounted to 1.03 million, thus bringing the total […]

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The Renault-Nissan alliance overtook Volkswagen to emerge as the biggest seller of light vehicles in 2017, after the figures from Mitsubishi helped it co clinch the top spot.

Nissan had record sales of 5.82 million units, while Renault contributed 3.76 million to the final figure. Mitsubishi’s sales amounted to 1.03 million, thus bringing the total 2017 sales for the entire alliance to about 10.61 million light vehicles and Volkswagen came a close second with record figures of 10.53 million light vehicles. Volkswagen’s 10.53 million units included vehicles sold under the Volkswagen, Audi, Skoda, Seat and Porsche brands.

Volkswagen was the top selling automaker in 2016 and had achieved sales of 10.2 million units in 2017. This figure does not include its sales of Hino Motors heavy trucks.

Many car manufacturers are ramping up production volumes and sales in order to cut costs and achieve economies of scale. They all want to retain their competitive edge by investing heavily in innovative technologies like electric vehicles, self-driving cars and shared mobility services.

The Renault-Nissan group has been investing heavily in such new technologies and this was a key driver for Nissan acquiring a controlling stake in the smaller Japanese car manufacturer, Mitsubishi in 2016.

The Chairman of the Renault-Nissan Alliance, Carlos Ghosn has stated that he would use the company’s scale to increase savings to 10 billion euros by 2022, based on an estimated increase in annual sales to 14 million units. These savings would be achieved by sharing more vehicle parts and consolidating vehicle production platforms with other automakers.

Toyota too is looking to take advantage of scale by tying up with carmakers like Suzuki and Mazda to help control costs related to development and marketing of electric cars and other new technologies.

General Motors is going in the opposite direction and has sold off loss making subsidiaries like Opel in order to focus on markets and units that are more profitable and efficient. This strategy seems to be working as GM’s profit margin was 6.8 per cent in January-September. This was higher when compared to a margin of 5.0 per cent for Nissan and 4.3 per cent at Mitsubishi Motors in the six month period that ended in October, and a 4.8 per cent margin at Renault over January-June. GM is now focusing on
new trucks and SUVs, a new, low-cost

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