Passenger Vehicle

Hyundai Motor shares rally 7%, hit all-time high; what's behind the surge?

Hyundai Motor India share price today: The stock price of the passenger cars & utility vehicles company surpassed its previous high of ₹1,968.80, which it recorded on the listing day

Govt cuts EV import tax for firms investing in local manufacturing

The application window for new government scheme will likely open within the next few weeks and will remain open for a minimum of 120 days

Passenger vehicle sales remain flat, wholesale numbers up marginally in May

Auto sales in May 2025: M&M wholesale numbers up 21%, Tata Motors posted an 11% dip in wholesale numbers

Cab segment drives up to 25% of Rapido's total bookings: Aravind Sanka

We are working with fleet operators and charging networks to make sure both of them work in tandem, says Sanka

India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki

Japanese small car major Suzuki Motor Corporation on Monday said overall passenger vehicle wholesale in the Indian market is expected to grow around 1-2 per cent in 2025-26, with the company's arm Maruti Suzuki looking to outpace industry growth. The company which has earmarked total capital expenditures of 380 billion yen for 2025-26 said "investments in India will account for approximately 50 per cent" of it with plans to increase production capacity of passenger vehicles. On the outlook for FY2025-26 in India, Suzuki Motor Corporation (SMC) in an investor presentation said, "Although SUVs continue to be strong in the market, demand for compact cars continues to be sluggish, and the overall market for wholesale sales is expected to grow by (around) 1 to 2 per cent." It further said, "With the launch of two new SUVs, including the BEV e VITARA, our company plans to outpace market growth." In addition, the new Kharkhoda plant where it initiated production in February this year, wil

PV industry to hit record 5 mn domestic, export units in FY26: Crisil

Passenger vehicle industry in India is expected to touch a record cumulative domestic and export volume of 50 lakh units this fiscal despite the annual growth rate slowing down to 2-4 per cent, according to Crisil Ratings. However, penetration of electric vehicles (EVs) is seen at a moderate 3-3.5 per cent despite new launches and declining battery costs due to high prices, modest charging infrastructure and range anxiety, restricting the market to urban users as a second car option, the insights-driven analytics firm said in a statement. The growth in the EV segment has slowed after doubling last year on a low base, it added. "India's passenger vehicle (PV) industry is set to scale a fresh high this fiscal with domestic and export volume cumulatively crossing 5 million units even as the annual growth rate slows to 2-4 per cent," Crisil Ratings said. This marks the fourth consecutive year of record sales, although momentum has significantly eased from the 25 per cent surge in fisca

PV sales up 2% in FY25 on utility vehicle demand, says industry group

Most segments clock growth, commercial vehicle numbers decline: SIAM

PV sales to end FY25 flat with 3.82 mn units sold in wholesale till Feb

Auto industry braces for sluggish growth in FY26 amid affordability concerns

Sri Lanka lifts ban on vehicle import placed in 2020 due to pandemic

Cash-strapped Sri Lanka has officially lifted the ban on the vehicle import which was put in place in 2020 to ease the pressure on foreign exchange reserves due to the COVID-19 pandemic, authorities said on Tuesday. This will be with effect from February 1. President Anura Kumara Dissanayake has issued a gazette dated January 24 which ended the ban on vehicle imports imposed in early 2020 with the COVID outbreak. The ban was continued when Sri Lanka suffered its economic crisis triggered by forex shortage. In April 2022, Sri Lanka declared its first-ever debt default. Commenting on the lifting of the import ban the Cabinet spokesman and minister Nalinda Jayathissa said only trucks, buses and double cabs would be allowed in the first phase. President Dissanayake said last week that the government would allocate USD 1.2 billion for vehicle imports for the first phase. In 2019, before the ban came into force the island had spent USD 1.4 billion for vehicle imports. We will be wary

Numeros Motors to launch electric two wheeler in Bharat Mobility Expo

Engineered to redefine clean mobility, the platform is available in three variants: Diplos Max, Diplos Pro and Diplos I-Pro

US to need PVs to sound alarms if rear passengers don't fasten seat belts

Starting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don't buckle up. The National Highway Traffic Safety Administration said Monday that it finalised the rule, which also requires enhanced warnings when front seat belts aren't fastened. The agency estimates that the new rule will save 50 lives per year and prevent 500 injuries when fully in effect, according to a statement. The new rule will apply to passenger cars, trucks, buses except for school buses, and multipurpose vehicles weighing up to 10,000 pounds. Before the rule, seat belt warnings were required only for the driver's seat. Under the new rule, outboard front-seat passengers also must get a warning if they don't fasten their belts. Front-centre seats will not get a warning because NHTSA found that it wouldn't be cost effective. The agency said most vehicles already have warnings for the outboard passenger seats. The rule also lengthens the duration o

PV dispatches rise 4% in Nov as demand sustains post-festive period: Siam

Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 units to its dealers last month, an increase of 5 per cent as compared with 1,34,158 units in November last year. Hyundai Motor India dispatches declined to 48,246 units last month as against 49,451 units in the year-ago period. Mahindra & Mahindra sales stood at 46,222 units last month as compared with 39,981 units in November last year, a growth of 16 per cent Two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units last month as compared with 16,23,399 units in the same month last year. Scooter sales rose 12 per cent year on year to 5,68,580 units last month while bike dispatches fell 7.5 per .

Tata Motors, Kia India to hike passenger vehicle prices from Jan 2025

Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -

Passenger vehicle sales growth expected to be below 5% in FY25: Siam Prez

May and June affected us badly, says Shailesh Chandra

Q2 result preview: 2Ws and 3Ws likely drivers of auto sector growth

Muted PV, CV sales volume in Q2 may reflect in performance of segment leaders

Passenger vehicle dealers struggle with inventory worth Rs 73,000 cr: Fada

Given the stockpile, carmakers should realign their production around retail figures, according to the Federation of Automobile Dealers Associations

At 7.238 mn, Delhi Metro set a new record for daily passenger journeys

As per a post on platform X by DMRC, Delhi Metro Achieves New Ridership Record on 13th August 2024

Demand, margin concerns likely to weigh on Tata Motors in near term

The prospects are good enough for analysts to marginally hike EPS estimates by 3 per cent or so for FY25. The stock trades at an estimated 19-20x of FY25 estimated EPS.

Domestic PV sales increase by 4% to 350,257 in May amid elections, heat

The share of hatchbacks in total PV sales has reduced from 47 per cent in 2020 to about 25 per cent in 2024

Maruti considering launching electric hatchback: MD & CEO Hisashi Takeuchi

Customers moving from two-wheelers to cars key to revitalising hatchback growth, says MD & CEO Takeuchi