Passenger Vehicles

Banerjee said that the wholesales in December are also expected to be good as the production team is working overtime to satisfy the high demand

Strong order books keep automakers driving past slowdown fears

In their assessment, Nomura analysts said the Sierra's modern, feature-rich positioning and aggressive pricing strategy could meaningfully lift Tata Motors' volume trajectory in FY26-28.

Throw tax rates, complex regulations and shifting demand into the mix, and things start to get complicated for automakers

Domestic passenger vehicle volumes are likely to grow by around 5 per cent this fiscal, with double-digit growth anticipated in the second half as pent-up demand remains robust even after the festive season, according to Tata Motors Passenger Vehicles MD and CEO Shailesh Chandra. The April-September period this fiscal witnessed a 1.6 per cent year-on-year decline, and it was only the festive period that passenger vehicle sales rebounded in the domestic market. The sales volume in the October-March period should grow in double digits, Chanda said during an analyst call. He noted that the industry witnessed a growth of 5 per cent and 17 per cent in September and October, respectively, due to festive demand. The pent-up demand still continues to overflow in November and December, and both months should be strong in business terms, he added. "So, overall, in the financial year, because the first half had seen a decline of 1.6 per cent before the festive period, it should be in the zon

Tata Motors Passenger Vehicles slipped almost 5 per cent after a sharp drop in Jaguar Land Rover volumes and a cut in the luxury unit's margin outlook

On the bourses, Tata Motors PV shares bled, with the stock dropping up to 7.26 per cent to hit an intraday low of ₹363.15 per share.

SIAM data shows strong festive demand and GST rationalisation pushed India's PV wholesales up 17.2 per cent in October, with UVs, small cars and two-wheelers also recording robust year-on-year growth

As TMPV begins its independent journey, analysts caution that several structural risks - from slower EV adoption to JLR's global dependence - could weigh on its growth trajectory.

Tata Motors Q2 preview: Key factors to watch will be JLR and India CV demand and margin outlook, analysts at Nuvama said.

India's automotive sector recorded 30 transactions valued at USD 4.6 billion in September quarter, its strongest in over a year, boosted by Tata Motors' USD 3.8 billion acquisition of Iveco S.P.A., Grant Thornton Bharat said on Wednesday. Excluding the Tata Motors-Iveco deal, values dipped 36 per cent over the June quarter, signalling that large strategic bets continue to define overall deal momentum, as per Grant Thornton Bharat Q3 2025 Automotive Dealtracker. While deal volumes remained consistent with the previous quarter, values surged sharply, largely driven by Tata Motors' USD 3.8 billion acquisition of Iveco S.P.A., marking one of India's largest outbound automotive transactions to date, it added. "The quarter's strong M&A and PE activity reflects India's growing global ambition in commercial mobility and a clear shift toward scalable, tech-enabled platforms," Grant Thornton Bharat Partner and Automotive Industry Leader, Saket Mehra said. As policy tailwinds and festive ...

Maruti, Tata, and Hyundai post record festive sales growth between 15% and 35% as GST 2.0 reforms, repo rate relief, and strong consumer sentiment boost demand

SIAM data showed that automakers dispatched 372,458 PVs to dealers in September 2025, a year-on-year increase of 4.4 per cent

The government has raised the engine cap for central public sector enterprises staff cars from 2,000 cc to 2,500 cc, allowing its executives to buy India-made vehicles under new guidelines

Post-demerger, global financial services group Nomura set a target price of ₹365 for the CV business and ₹367 for the PV entity

Sales were muted in the first three weeks of September but surged after September 22, when the revised goods and services tax (GST) rates took effect, the association said

Passenger vehicle production and dispatches fell in August as demand weakened after GST 2.0, while two- and three-wheeler sales recorded strong growth, led by scooters and SUVs

Among companies, Maruti Suzuki is expected to gain market share with new SUV launches and a revival in first-time buyers, prompting the brokerage to raise its target from ₹14,262 to ₹18,360.

Hyundai to cut prices of Verna, Creta, Venue, i20 and Tucson by up to ₹2.40 lakh from Sept 22 after GST rate cut, making cars more affordable this festive season

Nomura expects the GST cut to spark a volume surge of 5-10 per cent across categories, with passenger vehicles (PVs) and two-wheelers leading the growth.