Mahindra’s December 2024 sales, exports up 70%
Mahindra Scorpio N Over time, Mahindra has pared back everything except SUVs from its portfolio and expanded its electric vehicle line-up with the launch of the BE 6 and XEV 9e Mahindra Auto, India's leading SUV and CV manufacturer, has gracefully closed its accounts for December 2024. Mahindra achieved year-on-year growth in both passenger cars and commercial vehicles. Although passenger car sales were down 10.38% month-on-month compared to 46,222 units in November 2024, this is a common trend observed at the end of the calendar year. Mahindra sales December 2024 Mahindra seems to be dominating as far as SUVs are concerned, especially in the mid-size car segment. The popularity of vehicles like the Thar Roxx, Scorpio and XUV700 shows no sign of declining. The company's passenger car sales totaled 41,424 units, an increase of 18% from 35,174 units last year. Mahindra sales December 2024 This resulted in a year-on-year sales increase of 6,253 units for the brand. So far this…
World ECR | Dutch exports to risk-averse countries
Home > information > Dutch exports to risk-averse countries surge, study finds A December 10 study by Statistics Netherlands (CBS) showed that Dutch exports of EU-sanctioned goods to seven countries identified as high-risk for evading sanctions have increased significantly since 2022, although direct exports to Russia fell by 86 % and University of Groningen. CBS said that while this form of sanctions evasion is not directly observable in CBS statistics, it can be investigated to which countries exports of sanctioned products increase disproportionately. The study lists Armenia, Kazakhstan, Kyrgyzstan, Mongolia, Serbia, Türkiye and Turkmenistan as countries exhibiting questionable trade patterns. “For these destinations, Dutch exports of sanctioned goods to Russia increased significantly and strongly. The study noted that exports from these countries to Russia did not decrease and even increased. The report adds, “In 2022, the value of exports of sanctioned goods to the Eurasian Economic Union+ region (EAEU countries Armenia, Kazakhstan and Kyrgyzstan, as well as Mongolia and Turkmenistan)…
November 2024 2W Sales and Exports – Hero, Honda, TVS, Bajaj,
Heroic Glory: Pictures – Ryt To Know Hero MotoCorp topped the list with sales of 439,000 units despite year-on-year and month-on-month declines in the domestic market Leading two-wheeler brands such as Hero, Honda, TVS, Bajaj, Suzuki and Enfield have seen ups and downs in domestic sales and exports in November 2024. While most of the purchases in this two-wheeler segment are made during the auspicious festive period of September and October 2024, year-end purchases show a dip. Domestic sales of two-wheelers in November 2024 Major two-wheeler brands Hero, Honda, TVS, Bajaj, Suzuki and Royal Enfield ended November 2024 with negative domestic sales. The six major OEMs sold a total of 15,32,048 vehicles last month, a year-on-year decrease of 1.23% from 15,50,849 vehicles in November 2023. The month-on-month sales volume also dropped by 25.75% from 20,63,387 units. Unit numbers for October 2024 were driven by festive demand. Hero MotoCorp, despite being the number one two-wheeler manufacturer by sales, saw sales decline…
New controls on space exports begin
Leading professional publication providing news and insights on global export controls and sanctions.First published in 2011, WorldECR is a platform for understanding developments in international sanctions and export controls and their impact on global trade. WorldECR is your indispensable resource when it comes to solving problems around the world.
Honda 2W sales in October 2024 – 553,000 domestic sales, 44,000 exports
New Honda Activa Honda 2W sales increased year-on-year and month-on-month in October 2024, driven by Activa, Shine, Dio, etc. Honda Motorcycle and Scooter India (HMSI) has released sales data for October 2024. Sales grew significantly during the festive season and the company sold a total of 5,97,711 units last month. Among them, the sales volume in the domestic market was 5,53,120 units and the export volume was 44,591 units. Honda 2W sales in October 2024 - year-on-year and month-on-month Honda 2W total sales will show double-digit year-on-year growth in October 2024. Total sales (domestic + export) increased by 21.27% year-on-year, from 4,92,884 units in October 2023 to 5,97,711 units in the past month. This was associated with a sales increase of 1,04,827 units. Honda 2W sales in October 2024 Domestic sales in October 2024 were 5,53,120 units, an increase of 19.53% from 4,62,747 units in October 2023. Domestic sales accounted for 92.54%. Exports also increased significantly in the past month…
Business sector gets more space: Exports fall
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Honda 2W sales in September 2024 – 583,000 domestic sales, 47,000 exports
Honda SP125 sports version Honda two-wheeler sales improve year-on-year and quarter-on-quarter, while overtaking Hero MotoCorp in Q3 and YTD In September 2024, HMSI's sales performed well both year-on-year (YoY) and month-on-month (MoM). Domestic market sales dominate, accounting for 91.91% share. On the other hand, exports accounted for 8.09%. Year-on-year and month-on-month sales of Honda 2W in September 2024 Total HMSI sales (domestic + export) in September 2024 were 5,83,633 units. This is an increase of 10.75% from the 5,26,998 units sold in September 2023, with sales rising by 56,635 units. The month-on-month sales volume also increased by 8.31% from 5,38,852 units in August 2024, or an increase of 44,781 units. Honda 2W sales September 2024 The company's domestic market sales were 5,36,391 vehicles, a year-on-year increase of 9.07%. This is an increase of 44,589 units compared to the sales of 4,91,802 units in September 2023. The year-on-year export growth rate increased significantly, reaching 34.23%, with 47,242 units shipped last month.…
Ultraviolette exports F77 Mach 2 electric truck made in India
Indian electric car manufacturer Ultraviolette has started exporting its F77 Mach 2 electric motorcycle to Europe, marking a major milestone in its global expansion strategy. After Turkey, this is the second international market to receive the performance-focused electric motorcycle. The company dispatched the first batch of the F77 Mach 2 at a ceremony held at its Jigani plant near Bengaluru. The ceremony was presided over by HD Kumaraswamy, Union Minister of Heavy Industries, India, marking the start of exports of the model to the European country. The model will be shipped to several markets including Germany, Italy and Spain. Known for its high performance and futuristic design, the F77 Mach 2 is powered by an advanced electric drivetrain that delivers impressive acceleration and a range suitable for both city commuting and long-distance riding. Entirely made in India, the F77 Mach 2 boasts cutting-edge technology including fast charging capabilities and connectivity features such as on-board diagnostics and smartphone integration. With the…
Ford to reopen Chennai plant: Return to Indian exports
This is a major move. Ford Motor Company Preparing to Tamil Nadu, Indiaafter a two-year hiatus. The decision marks Ford's return to the Indian market, albeit with a focus on exporting vehicles to global markets. The company has filed a Letter2 intention Just two days ago, the Tamil Nadu Chief Minister confirmed that discussions were taking place on the possibility of reopening. Ford's return to India: an export-centric strategy In 2021, Ford exited the domestic Indian car market, citing low sales and stiff competition from Asian automakers. The company also stopped exporting in 2022, effectively ending its presence in the world's third-largest auto market. However, Ford's decision to restart operations in India is a strategic move aimed at leveraging the country's manufacturing capabilities for export production. According to Ford’s statement, Chennai Factory will be reoriented to focus on Production of export vehicles Ford Motor will enter the global market. Although Ford has not yet announced the specific details of which…
Maruti Suzuki CEO: Exports to triple by 2030
Maruti Suzuki's exports increased by over 1.85 lakh units from FY21 to FY24. Hisashi Takeuchi said that in order to reduce carbon emissions, the company plans to use multiple technologies in its cars for the domestic market. Maruti Suzuki India (MSI) plans to significantly increase its overseas exports by 2030, its managing director and chief executive Hisashi Takeuchi said. The company's international shipments will "grow exponentially" in the coming years, he said at the 64th annual conference of industry body SIAM. "There is no reason why India should not target a big piece of the global trade pie," Takeuchi said. "As Maruti Suzuki, I can tell you that we are not talking about percentage growth, we are talking about exponential growth. So, our exports in India today are three times what we were four years ago. Not only that, about six years from today, our exports will be three times what we are today." The company is already exporting some…
Suzuki sales in August 2024 – domestic growth, exports
2024 Suzuki Access 125 launched Suzuki sales overview in August 2024 – performance data Suzuki Motorcycle sales in India were steady in August 2024, with a total of 1,04,800 units sold. The figure registered a slight increase of 1.42% year-on-year. It is higher than the 1,03,336 units sold in August 2023. Despite a slight month-on-month decline of 10.21% compared to July 2024, the overall sales performance showed resilience in a competitive market. These figures indicate that despite slight fluctuations in sales trends, the demand for Suzuki motorcycles/scooters in India is steady. Domestic sales in August 2024 reached 87,480 units, a growth of 5.34% compared to 83,045 units in August 2023. The growth of 4,435 units showcases Suzuki's strength in the Indian market. However, sales in July fell by 13.04% compared to July 2024, with 1,00,602 units sold. This decline suggests that market conditions or seasonal factors may have affected the sales pattern. Suzuki sales in August 2024 – 2W export,…
Honda sales in August 2024 – exports exceed domestic sales
Honda Elevate Honda sales in August 2024 – domestic sales down year-on-year, exports up Honda Cars India reported improved total sales of 11,143 units in August 2024. Honda India sales are split between domestic and export markets. Domestic sales were 5,326 units and export sales were 5,817 units. The sales performance shows that the company has adopted a diversified approach to market participation, balancing domestic demand and expanding international presence. Year-on-year data shows that domestic sales fell by 2,554 units, equivalent to a drop of 32.41%. In contrast, export sales increased significantly, increasing by 3,628 units, an increase of 165.74%. The significant increase in export volume indicates that Honda's sales strategy has changed, focusing more on the international market rather than the domestic market. Honda Cars India – Domestic Sales, Export Market Share MoM – July-August: Honda's slight increase, but bright outlook Honda Cars India's domestic sales increased by 702 units, or 15.18 per cent, compared to July 2024 on…
India bans onion exports
Due to natural calamities like rains, onion production has declined. Despite government interventions like procuring onions through NAFED and selling them in the market at subsidized prices, onion prices in the Indian market have been increasing since the last 5-6 months. The government initially imposed an export tax of 40% on onions, which was later reduced to 20% due to boycott by farmers and their organizations. But this did not help reduce exports and prices as expected. The government then imposed a minimum export duty (MEP) of $800/metric ton on onions, which slightly reduced exports as this rate was not applicable to all export destinations. Today, the Indian government has taken a major decision to ban on onion exports completely. India's export targets India has set a target of USD 1 trillion in exports and USD 100 billion in agricultural exports by 2030. All government policies and infrastructure are aligned with this goal. However, the Indian government unexpectedly decided to…
EU to introduce ‘no sell to Russia’ clause to restrict exports
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Export Control Reform: Responding to Expanded Exports
On July 29, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) proposed a series of transformative new rules designed to strengthen controls under the Export Administration Regulations (EAR) related to military, intelligence, and security activities. These proposed changes will impact how companies manage exports and interact with end-users, expanding restrictions to cover a wider range of activities and entities. These proposed changes further the U.S. government’s policy goal of using export control regulations to protect human rights around the world. The proposed rule expands controls on the activities of U.S. persons, strengthens end-use and end-user restrictions, and adds a definition of a specific ECCN for facial recognition software. BIS and the Directorate of Defense Trade Controls (DDTC) are seeking public comments on the proposed rule until September 27, 2024. Below is a detailed description of what these proposed changes are and how they might affect your business. Key Takeaways Expanded end-use and end-user control: The proposed…
China’s exports grew 31% in the first half of the year to 2.79 million
Japan ranked second with global car sales of 2.02 million units, second only to China go through Brad Anderson 14 hours ago The country's auto exports have grown 31% so far this year. The vast majority of vehicles exported by Chinese brands are internal combustion engine models. Chery Automobile is China's largest automobile exporter. China became the world's largest automobile exporter in 2023, and this year it further expanded its lead, leaving Japan far behind, proving that the Chinese automobile era has truly arrived. According to data from the Japan Automobile Manufacturers Association, Japan's total automobile exports reached 2.02 million units in the first half of this year. Compared with the same period last year, the export volume decreased slightly, with passenger car exports reaching 1.83 million units and commercial vehicle exports reaching approximately 187,000 units. The Chinese market made up for the slight decrease in Japan's automobile exports. Read: Global demand for Chinese cars at all-time high outstrips shipping…
U.S. exports surge 13% to $521 million
US explosives exports In 2023, explosives exports fell by -22.2% to 32,000 tonnes, marking the second consecutive year of decline after two years of growth. Overall, exports continued to decrease significantly. The fastest growth was recorded in 2021, when it increased by 24% over the previous year. During the reporting period, exports reached an all-time high of 53,000 tonnes in 2016; however, from 2017 to 2023, exports remained at a low level. In terms of value, exports reach $521 million in 2023 (IndexBox estimate). During the reporting period, exports continued to show a clear downward trend. The most significant growth was in 2021, when exports increased by 13%. During the reporting period, exports reached an all-time high of $770 million in 2015; however, from 2016 to 2023, exports were slightly lower. Exports by country Canada (21,000 tons) is the main destination for U.S. explosives exports, accounting for 65% of total exports. In addition, the amount of explosives exported to Canada…
Expansion in the UK: Europe is one of the main markets for my country’s construction materials exports
Expansion in the UK: Europe is one of the main markets for my country's construction materials exports 28440 Source: Quzhan.com 2017-06-20 14:13:09 The annual British Land Show has been held since 1962 and has been going strong for over 50 years.Harrog International Exhibition SocietyAs the organizer, the exhibition hall of this exhibition will be located at Harrogate International Center with an area of 35,000 square meters.More than 100 merchants10,000 people andExhibitor 500 families came to participate. The United Kingdom is a major trading entity, economic power and financial centre in the world. It is the fourth largest economic system in the world and one of the richest and most economically developed countries, with the highest standard of living in the world. The services sector, particularly banking, finance, shipping, insurance and business services, accounts for the largest proportion of GDP and is a world leader. London, the capital, is one of the world's leading financial, shipping and service centres. The United…
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