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Reuters
36 minutes ago
- Automotive
- Reuters
Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows
June 4 (Reuters) - Tesla's (TSLA.O), opens new tab new car sales in Britain tumbled more than 45% from a year earlier in May, preliminary data from research group New AutoMotive showed on Wednesday. The automaker, which has been losing market share in part because of CEO Elon Musk's embrace of far-right politics in Europe, sold 1,758 units in Britain last month, down from 3,244 a year earlier, the data showed. Yet, Tesla remained the best-selling battery electric vehicle in Britain so far this year. Overall new car registrations in the UK increased 4.3% to 144,098 units in May, according to New AutoMotive, with BEV sales rising 28% year-on-year. Among Chinese rivals, BYD ( opens new tab more than doubled its new car sales in the UK to 1,388 units during the month.
Business Standard
a day ago
- Automotive
- Business Standard
M&M gains as total sales rises 17% YoY to 84,110 units in May'25
Mahindra & Mahindra added 1.55% to Rs 3,024.55 after its overall auto sales grew by 17.33% to 84,110 vehicles sold in May 2025 as against 71,682 vehicles sold in May 2024. On a month-on-month basis, Mahindra & Mahindras (M&M) total auto sales declined 2.11% in May 2025 compared to 85,925 units sold in April 2025. In the utility vehicles segment, the company sold 52,431 vehicles in the domestic market, registering a growth of 21% YoY and overall, 54,819 vehicles, including exports. The company sold 21,392 units of commercial vehicles (LCV+MHCV) in May 2025, down 46.05% from 39,652 units sold in May 2024. Three-wheelers (including electric 3Ws) sales grew 11% YoY to 6,635 units in May 2025. Total exports for the month stood at 3,652 vehicles, registering a growth of 37% on YoY basis. Nalinikanth Gollagunta, CEO, Automotive Division, M&M, In May, we achieved SUV sales of 52,431 units, a growth of 21%, and total vehicle sales of 84,110 units, a 17% growth compared to the same month last year. Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during May 2025 were at 40,643 units, up 9.52% from 37,109 units in May 2024. Domestic tractor sales grew by 10.43% to 38,914 units in May 2025, compared to 35,237 units sold in May 2024. Tractor exports fell 8% to 1,729 units in May 2025, compared to 1,872 units during the same period last year. Veejay Nakra, President Farm Equipment Business, Mahindra & Mahindra, said, We have sold 38914 tractors in the domestic market during May25, a growth of 10% over last year. Early advancement of above normal Southwest monsoon should bode well for kharif sowing. Land preparation activities are progressing well for paddy sowing. Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels, Government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand. In the exports market, we have sold 1729 tractors. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025.
Economic Times
2 days ago
- Automotive
- Economic Times
Passenger vehicle sales remain flat in May amid sluggish demand
Agencies Representational Image Sales of cars, sedans and utility vehicles remained largely flat last month, albeit on a high base, amid sluggish consumer demand in the local market. As per initial industry estimates about 352,000 passenger vehicles were sold last month, which is an increase of about 0.1% over the same period last fiscal. Automakers in India mostly report wholesale dispatches from factories to dealerships and not retail sales to customers. Retail sales are estimated to have dropped by 0.8% in this period, industry insiders said. A senior industry executive who did not wish to be identified said, 'There is pressure in the market. But we also have to remember that the base is now very high. India is one of the very high markets in the world which is selling more than 4 million passenger vehicles annually. So even if the growth is modest, and is likely to remain so for some time, volumes are still good.' Demand in the local market continued to be driven by SUVs last month, with companies like Mahindra & Mahindra (M&M) and Toyota Kirloskar Motor (TKM) clocking robust sales numbers. Market leaders Maruti Suzuki and Hyundai did not release sales numbers for May Sunday. Homegrown auto major Mahindra, in fact, continued to maintain its lead over rival Tata Motors in May, powered by demand for its range of utility vehicles. Mahindra sold 52,431 units last month, which is an increase of 21% over 43,218 units sold in May 2024. At Tata Motors, sales fell by 11% to 41,557 units in the same period. Nalinikanth Gollagunta, CEO, Automotive Division, M&M, said, 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio.' Toyota Kirloskar Motor (TKM) reported an increase of 22% to sell 29,280 units last month. Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, said, in line with overall market trends, the company's MPV and SUV segments continued to be the primary growth drivers—reflecting a clear shift in customer preference towards versatile mobility options.'With the onset of the monsoon and forecasts indicating a normal to above-normal season, we remain optimistic about improved market sentiment in the coming months, particularly across rural and semi-urban regions. This, backed by our vast product portfolio and innovative campaigns, we are well-positioned to maintain this growth trajectory', Wadhwa informed. Kia India and JSW MG Motor saw sales grow by 14% (to 22315 units) and 40% (to 6304 units), respectively. In the two-wheeler segment, demand remained healthy with Chennai-based TVS Motor Company reporting sales increase of 14% at 309,287 units in May. Sales of commercial vehicles was subdued. Market leader Tata Motors saw sales fall 9% to 25,872 units in the month under review. In the farm equipment sector, Mahindra sold 38,914 tractors last month, which is an increase of 10% over Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra, said, 'Early advancement of above normal Southwest monsoon should bode well for kharif sowing. Land preparation activities are progressing well for paddy sowing. Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels , Government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand.' COMPANY MAY 2024 MAY 2025 % CHANGE Mahindra & Mahindra 43218 52431 21 Tata Motors 46697 41557 -11 Toyota Kirloskar Motor 23928 29280 22.4 Kia India 19500 22315 14.4 JSW MG Motor India 4510 6304 40
Time of India
2 days ago
- Automotive
- Time of India
Passenger vehicle sales remain flat in May amid sluggish demand
Sales of cars, sedans and utility vehicles remained largely flat last month, albeit on a high base, amid sluggish consumer demand in the local market. As per initial industry estimates about 352,000 passenger vehicles were sold last month, which is an increase of about 0.1% over the same period last fiscal. Automakers in India mostly report wholesale dispatches from factories to dealerships and not retail sales to customers. Retail sales are estimated to have dropped by 0.8% in this period, industry insiders said. A senior industry executive who did not wish to be identified said, 'There is pressure in the market. But we also have to remember that the base is now very high. India is one of the very high markets in the world which is selling more than 4 million passenger vehicles annually. So even if the growth is modest, and is likely to remain so for some time, volumes are still good.' Demand in the local market continued to be driven by SUVs last month, with companies like Mahindra & Mahindra (M&M) and Toyota Kirloskar Motor (TKM) clocking robust sales numbers. Market leaders Maruti Suzuki and Hyundai did not release sales numbers for May Sunday. Homegrown auto major Mahindra, in fact, continued to maintain its lead over rival Tata Motors in May, powered by demand for its range of utility vehicles. Mahindra sold 52,431 units last month, which is an increase of 21% over 43,218 units sold in May 2024. At Tata Motors, sales fell by 11% to 41,557 units in the same period. Nalinikanth Gollagunta, CEO, Automotive Division, M&M, said, 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio.' Toyota Kirloskar Motor (TKM) reported an increase of 22% to sell 29,280 units last month. Varinder Wadhwa, Vice President, Sales-Service-Used Car Business, said, in line with overall market trends, the company's MPV and SUV segments continued to be the primary growth drivers—reflecting a clear shift in customer preference towards versatile mobility options. 'With the onset of the monsoon and forecasts indicating a normal to above-normal season, we remain optimistic about improved market sentiment in the coming months, particularly across rural and semi-urban regions. This, backed by our vast product portfolio and innovative campaigns, we are well-positioned to maintain this growth trajectory', Wadhwa informed. Kia India and JSW MG Motor saw sales grow by 14% (to 22315 units) and 40% (to 6304 units), respectively. In the two-wheeler segment, demand remained healthy with Chennai-based TVS Motor Company reporting sales increase of 14% at 309,287 units in May. Sales of commercial vehicles was subdued. Market leader Tata Motors saw sales fall 9% to 25,872 units in the month under review. In the farm equipment sector, Mahindra sold 38,914 tractors last month, which is an increase of 10% over Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra, said, 'Early advancement of above normal Southwest monsoon should bode well for kharif sowing. Land preparation activities are progressing well for paddy sowing. Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels , Government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand.' COMPANY MAY 2024 MAY 2025 % CHANGE Mahindra & Mahindra 43218 52431 21 Tata Motors 46697 41557 -11 Toyota Kirloskar Motor 23928 29280 22.4 Kia India 19500 22315 14.4 JSW MG Motor India 4510 6304 40
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Business Standard
3 days ago
- Automotive
- Business Standard
Mahindra & Mahindra's vehicle sales rise 17% to 84,110 units in May
Mahindra & Mahindra on Sunday reported a 17 per cent year-on-year increase in total sales at 84,110 units in May. In the utility vehicles segment, the Mumbai-based automaker sold 52,431 vehicles in the domestic market, a growth of 21 per cent, as compared to 43,218 units in May last year. "Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio," Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said. The company said its tractor sales in the domestic market stood at 38,914 units last month, as against 35,237 units in May 2024. Total tractor sales (domestic and exports) last month were at 40,643 units, as against 37,109 units for the same period last year. Early advancement of above-normal Southwest monsoon should bode well for kharif sowing, M&M President - Farm Equipment Business Veejay Nakra said. "Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels, government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand," he added.
