Tata Capital Blog
  • Aspiration
    • Home Loan
    • Business Loan
    • Education Loan
    • Vehicle Loan
  • Lifestyle
    • Personal Loan
    • Travel Loan
    • Wedding Loan
    • Consumer Durable Loan
    • Home Renovation Loan
  • Protection
    • Medical Loan
    • Insurance
  • Finance Essentials
    • Loan Against Property
    • Loan Against Securities
    • Wealth Management
    • Trends
    • Government Regulations
  • Moneyfy
    • Investments
  • Business
    • Equipment Financing
    • Equipment Leasing
    • Working Capital Loans
    • Term Loans
    • Construction Finance
  • COVID-19
    • CORONAVIRUS
    • GOVERNMENT UPDATES
    • WORK FROM HOME
    • LOCKDOWN SOLUTIONS
    • FINANCE SOLUTIONS

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • July 2017
  • June 2017
  • March 2017
  • January 2017
  • November 2016

Newsletter

Enter your First Name and Email Address below to subscribe to our newsletter

Categories

  • Business Loan
  • Construction Finance
  • Consumer Durable Loan
  • CORONAVIRUS
  • Education Loan
  • Equipment Financing
  • Equipment Leasing
  • FINANCE SOLUTIONS
  • Government Regulations
  • GOVERNMENT UPDATES
  • Home Loan
  • Home Renovation Loan
  • Insurance
  • Investments
  • Loan Against Property
  • Loan Against Securities
  • LOCKDOWN SOLUTIONS
  • Medical Loan
  • Personal Loan
  • Term Loans
  • Travel Loan
  • Trends
  • Vehicle Loan
  • Wealth Management
  • Wedding Loan
  • WORK FROM HOME
  • Working Capital Loans

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
Tata Capital Blog
  • Aspiration
    • Home Loan
    • Business Loan
    • Education Loan
    • Vehicle Loan
  • Lifestyle
    • Personal Loan
    • Travel Loan
    • Wedding Loan
    • Consumer Durable Loan
    • Home Renovation Loan
  • Protection
    • Medical Loan
    • Insurance
  • Finance Essentials
    • Loan Against Property
    • Loan Against Securities
    • Wealth Management
    • Trends
    • Government Regulations
  • Moneyfy
    • Investments
  • Business
    • Equipment Financing
    • Equipment Leasing
    • Working Capital Loans
    • Term Loans
    • Construction Finance
  • COVID-19
    • CORONAVIRUS
    • GOVERNMENT UPDATES
    • WORK FROM HOME
    • LOCKDOWN SOLUTIONS
    • FINANCE SOLUTIONS

Have Car Sales Gone up in February?

by tatacapitalblogMarch 15, 2019 in Vehicle Loan,
Have Car Sales gone Up in February?

In February 2017, the automobile sector in India saw a marked increase in the number of vehicles sold. Carmakers like Honda Cars India, Renault India, Nissan, and Maruti Suzuki India gained many customers. Let us take a look at what happened.

Know More
  • Demonetisation’s impact declined:
    Demonetisation had led to a decrease in the sale of cars. This was natural after the ban on high-value currency in India. Automobile sales were on a decline after 8 November 2016. The disruption in cash flow had a direct impact on the sector. Sales across segments had declined by 5.48% in November 2016. It fell further to 18.66% in December. But the auto industry since then seems to have recovered from the impact of demonetisation. Car sales have gone up considerably in February. You may see an increase in the following months as well.
  • Effect on the car sales of leading manufacturers:
    Maruti Suzuki sold 10.9% more utility vehicles in February 2017 than the previous year. Hyundai, India’s second-largest automaker, sold about 42,327 vehicles in February 2017. Contrast this with the 40,716 units it sold in February 2016. Honda Cars India sold around 14,997 units in February this year. In the same month last year, it had sold 13,710 vehicles. Nissan and Renault also saw a good increase in their sales numbers. Thus, car sales in February have seen a marked increase.
  • Domestic car sales increased, two-wheeler sales decreased:
    India has seen an increase in the number of vehicles sold. Domestic car sales went up 4.9% to 1,72,623 units in February 2017. The sales in February 2016 were only 1,64,559 units. This is as per the Society of Indian Automobile Manufacturers (SIAM). But two-wheeler sales decreased to 13,62,045 units. In February 2016, it stood at 13,62,177 units. Motorcycle sales fell 3.13% in February this year to 8,32,697 units from 8,59,582 units last year. This implies that people seem to prefer buying cars to two-wheelers. This has led to an increase in car sales.
  • Car exports increased:
    The increase in car sales was not just in the domestic sector. In February, there was an increase in exports as well. Maruti Suzuki registered a growth of 2.2% in exports. The company sold 9,545 vehicles in February as compared to 9,336 units last year. Hyundai India, the nation’s largest passenger car exporter exported 10,407 vehicles in February, up 15.5% on a year-on-year basis. Honda Cars saw an increase of 7.75% in exports. Thus, all leading manufacturers registered a growth in car sales in February 2017.

The sale of commercial vehicles also increased by 7.34%. All in all, February was a great month for purchasing cars. Here’s hoping for more growth in the coming months!

Apply Now
Share on FacebookShare on Twitter
Previous

5 Ways to Manage your Personal Loan EMI Payments

March 15, 2019
Next

Are you Eligible for a Tata Capital Car Loan? Find out Now

March 15, 2019

Related posts

Why You Should Buy a Certified Used Car

Why You Should Buy a Certified Used Car?

by tatacapitalblogJanuary 6, 2021no comment
What to Expect From the Used Car Loan Market in 2021

What to Expect from the Used Car Loan Market in 2021?

by tatacapitalblogJanuary 6, 2021no comment
Upcoming Cruiser Bikes to be Launched in 2021 in India

Upcoming Cruiser Bikes to be launched in 2021 in India

by tatacapitalblogJanuary 6, 2021no comment
Top 5 Trusted Used Car Brands in India

Top 5 Trusted Used Car Brands in India

by tatacapitalblogJanuary 6, 2021no comment

Newsletter

Enter your First Name and Email Address below to subscribe to our newsletter

Recent Posts

  • Why should an investor do a periodic portfolio review?
  • What wins in the long term: Diversification or Concentration?
  • Understanding the Credit Quality of Debt Funds
  • Short Term Liquidity: Where does one invest for the same?
  • Direct Equity vs. Equity Mutual Funds: Which should be preferred?

Most Popular

  • Coronavirus: Facts vs Myths

    Coronavirus: Facts vs Myths

    March 12, 2020
  • What are the Steps Taken by the Government to Fight Coronavirus in India?

    What are the Steps Taken by the Government to Fight Coronavirus in India?

    April 3, 2020
  • How To Check If you Have Coronavirus?

    How To Check If you Have Coronavirus?

    March 13, 2020
  • Top Ten Best Bikes for Your Daily Use

    Top Ten Best Bikes for Your Daily Use

    December 18, 2019
  • Top 5 Mileage Bikes of Honda

    Top 5 Mileage Bikes of Honda

    October 17, 2019

© 2017 Rever Magazine Theme. All rights reserved.