Page 3 - Passenger Vehicle Sales

Automobile sales inch up 2.95% in April, CV sales see decline, says Fada

Two-wheeler retail sales in April this year reached 1,686,774 units compared to 1,649,591 units in the same month last year, Fada said

Domestic PV wholesales rose by 4.4% to around 353,000 units in April

Mahindra & Mahindra (M&M) emerged as the second-largest carmaker in terms of domestic PV wholesales in April, overtaking Hyundai and Tata Motors, which had ranked ahead of it in March

Domestic CV volumes may touch 1 mn units mark this financial year: Crisil

Domestic CV volumes are expected to touch 1 million units mark this fiscal, the pre-pandemic peak logged in FY19, driven by accelerating infrastructure execution, replacement demand and policy support from the PM-eBus Sewa scheme, ratings agency Crisil said on Wednesday. The sector's credit outlook remains stable, supported by strong liquidity and healthy cash flows, it said. The volume growth will be led by light commercial vehicles (LCVs), which are expected to account for around 62 per cent of total volume on account of rising penetration of e-commerce and warehousing. A pickup in freight-intensive sectors such as cement and mining will boost the overall demand, it said. Crisil said its analysis is based on four key CV players, which account for around 70 per cent of the sector volume. The commercial vehicle (CV) sector comprises two segments-- LCVs and M&HCV ( medium and heavy commercial vehicles) -- with buses classified under both the segments. The M&HCV volume, ...

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

Most segments clock growth, commercial vehicle numbers decline: SIAM

Digital shift, women steer used-car market growth, says Spinny report

The report revealed that 77 per cent of all transactions in the January-March 2025 period took place digitally, indicating continued preference for online car purchases

Car sales in India hit a speed bump in FY25; slow lane ahead in FY26

Moreover, domestic PV sales in March stood between 380,000 and 390,000 units compared to 368,016 units in the corresponding month last year

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

Passenger vehicle sales hit record high in Feb, two-wheelers decline

The three-wheeler segment also showed strong performance, growing by 4.7% Y-o-Y. Total sales for Feb 2025 reached 57,788 units, compared to 55,175 units in the same period last year

Domestic PV dispatches show resilience in Feb at 2% annual growth: Siam

Domestic passenger vehicle dispatches from factories to company dealers rose 1.9 per cent year-on-year to 3,77,689 units in February, industry body SIAM said on Thursday. The total passenger vehicle wholesales stood at 3,70,786 units in February 2024. Total two-wheeler dispatches, however, witnessed a dip of 9 per cent year-on-year to 13,84,605 units last month. Total sales stood at 15,20,761 units in February last year.

Rs 69K cr capital expenditure to fuel Suzuki's India growth engine

SMC aims for 4 million units of annual manufacturing capacity to meet in India and expand as a global export hub

PVs in top gear as rural growth back on track; inventory levels decline

OEMs feel consumption in this segment will continue to grow this year

Passenger vehicle dispatches hit record 4.3 million units in 2024

Sales grew 11.4% in December as several OEMs continued with their festive discounts

Auto retail sales dip 12% in December despite a good show in CY 2024

Sales of two wheelers dipped by 18 per cent, passenger vehicles by 2 per cent and commercial vehicles (CV) by 5.2 per cent

Domestic PV wholesales increase by 11% in December to 320,000 units

Annual PV sales growth stands at about 4.7 per cent

Maruti Suzuki sets record rolling out two million vehicles in a year

Ertiga was the two millionth vehicle to be rolled out from the production line while the Baleno, Fronx, WagonR, Ertiga and Brezza were the top five manufactured vehicles during the calendar year 2024

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 -

Nuvama bets on M&M, TVS Motor & Uno Minda ahead of November auto sales data

On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%

Icra cuts PV factory dispatch outlook down to 0-2% on high inventory level

Rating agency Icra on Monday revised downwards the outlook for passenger vehicle factory dispatches to showrooms in the current fiscal on acccount of high inventory levels. Despite good retail sales, a year-on-year growth of 6 per cent in April-October FY2025 partially on account of an early festive season, the high inventory levels for the industry curtailed wholesale volume growth, as per a report on the domestic automotive industry by the domestic ratings agency. "ICRA has thus revised the outlook for the wholesale volume growth for the industry in FY2025 downwards to 0-2 per cent," it added. The rating agency had earlier pegged PV wholesale growth at 3-6 per cent for 2024-25 fiscal. Retail sales of passenger vehicles during the festive season grew at a moderate pace of 6 per cent year-on-year to 6.5 lakh units, aided by attractive discounts and competitive financing rates. ICRA also revised the outlook for the wholesale volume growth for the industry to 11-14 per cent in FY202