Page 6 - Passenger Vehicle Sales

Indian PV market to nearly double in size by FY31: Maruti MD Takeuchi

Automobile businesses need to be 'reviewed, re-aligned' for higher scale of operations, he says

Domestic passenger vehicle wholesales up 9% in Aug, exports rise: Siam

Highest ever August sales for passenger vehicles and three-wheelers, says report

Passenger vehicle retail sales lag wholesales in August, shows data

In August, PV wholesales were at an all-time high at 360,897 units, beating the previous peak of 355,400 units in September 2022

Bajaj Auto total vehicle sales fall 15% to 341,648 units in August

Bajaj Auto on Friday said its total vehicle sales, including sale of commercial vehicles, declined 15 per cent to 3,41,648 units in August. The company had reported total sales of 4,01,595 vehicles in August last year. The total domestic sales dropped 20 per cent to 2,05,100 units in the previous month as compared to 2,56,755 units sold in August 2022, Bajaj Auto Ltd said in a statement. Total vehicle exports fell 6 per cent year-on-year to 1,36,548 units in August from 1,44,840 units shipped to the overseas markets in the year-ago period, it said. Its total two-wheeler sales declined 20 per cent to 2,85,031 units in the previous month from 3,55,625 units sold in August 2022. Two-wheeler exports, however, increased 2 per cent to 1,24,211 units in August 2023 as against 1,21,787 units in the same month last year.

Passenger vehicle sales set to cross 1 mn mark in festive period this year

Domestic passenger vehicle sales are expected to cross 10 lakh mark in the festive period this year with demand remaining robust, especially for utility vehicles. The 68-day festive period this year falls between August 17 and November 14. Few days in between are not considered auspicious for buying. In an interaction with PTI, Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava said that usually the festive season sales account for around 22-26 per cent of the overall sales during a year. "With the overall passenger vehicle sales expected to be in the range of 40 lakh units this fiscal, the festive season is expected to witness sales of around 1 million units," he said. Srivastava said the industry has witnessed strong sales this year and the same is expected to continue in the coming months as well. "We have seen the best ever April, May, June and July in terms of sales this fiscal. July witnessed the second highest sales ever in a month at aro

Domestic PV wholesales rise 2.94% YoY in July at 302,521 units: SIAM

Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers said on Thursday. As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,93,865 units in July 2022. Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022. Three-wheeler wholesales were higher at 56,034 units, as compared to 31,324 units in the year-ago month. Total vehicle dispatches across categories were at 16,40,727 units, as compared to 17,06,545 units in July 2022, SIAM said. "Though the passenger vehicle and three-wheeler segments are performing well, there has been a de-growth of two-wheelers in July 2023, compared to July 2022. "Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support ...

Expect to grow at double speed of passenger vehicle industry in 2023: Kia

The South Korean carmaker on Tuesday unveiled the Seltos facelift. Seltos, an SUV, currently contributes 55 per cent to the company's overall domestic sales

India's June passenger vehicle sales climb on account of new launches

Auto sales numbers are keenly watched as they are a key indicator for assessing private consumption, which has more than 50% weightage in calculating the country's economic growth

Domestic PV sales see lukewarm growth of 1.9% due to strong base effect

Noting that the semiconductor chip supply was not up to the mark in the first quarter of 2023-24, Maruti Suzuki's official said that its availability is expected to be better in the second quarter

Tata Motors total sales decline YoY, electric cars give firm a boost

Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market

M&M's passenger vehicle sales up by 22% on-year in May at 32,886 units

Mahindra & Mahindra Ltd on Thursday reported a 22 per cent increase in passenger vehicle sales at 32,886 units in May, as compared to the same month last year. The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing. Utility vehicles sales last month were at 32,883 units, as against 26,632 units in the year-ago period, a growth of 23 per cent, it added. Sales of cars and vans were at 3 units as compared to 272 units in May last year. "We continue our growth trend, backed by strong demand in SUVs," M&M President, Automotive Division Veejay Nakra said. He, however, said, "The sales volume for both SUVs and 'Pik-Ups' were restricted by a short-term disruption in engine-related parts at the supplier-end. The semiconductor supply constraints on specific parts like Air Bag ECU, continued during the month too." Total exports were at 2,616 units last month, up 29 per cent from 2,028 units in May .

Maruti Suzuki total wholesales jump 10% on-year to 178,083 units in May

The country's largest carmaker Maruti Suzuki India (MSI) on Thursday reported 10 per cent increase in total wholesales at 1,78,083 units in May. The company had sold 1,61,413 units in May 2022, MSI said in a statement. Last month, the company's domestic sales rose 13 per cent to 1,51,606 units as against 1,34,222 units in May 2022, it added. Total domestic passenger vehicle sales were higher 15 per cent to 1,43,708 units as compared with 1,24,474 units in the same month last year. Sales of mini cars, comprising Alto and S-Presso, fell 30 per cent to 12,236 units as compared with 17,408 units in the year-ago period. Compact cars sales, including models such as Swift, Celerio, Ignis, Baleno and Dzire, increased 5 per cent to 71,419 units as against 67,947 units in May 2022. Sales of mid-sized sedan Ciaz last month increased to 992 units from 586 units in the year-ago period. Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, rose 65 per cent to 46,243 units as again

April auto retail sales drop of 4% on decline in two-wheeler demand

The two-wheeler and passenger vehicle categories experienced YoY degrowth of 7% and 1%, respectively

Domestic PV wholesales jump by 12.9% in April amid sturdy demand

Hyundai Motor domestic PV sales jumped by 13 per cent to 49,701 units

Maruti Suzuki India's sales jump 6.5% in April, exports drop by 8%

The total domestic sales were up from 132,248 units in April last year to 143,558 units this year

Maximum waiting period accelerates for India's best-selling cars

Only five of India's top 20 car models have seen a reduction in wait times over the past year

PV, CV segments drove auto sales in FY23; demand moderation likely in FY24

PV industry 'very sentiment-driven', will close financial year with 24% growth rate: Analyst

Passenger vehicle dispatches rise 11% to 291,928 units in Feb: Siam

PV exports decreased by 9.24 percent Y-O-Y to 46,486 units in February this year. Maruti Suzuki, largest exporter of PVs, saw its foreign sales decrease by 28.7 percent to 16,956 units

India's passenger vehicle sales to grow 9%-10% in 2024: Crisil Ratings

SUVs are expected to nearly double their share in overall domestic sales to roughly 55% in fiscal 2024 from about 28% in fiscal 2018

Passenger vehicle sales expected to grow 9-10% in 2024: Crisil Ratings

Higher incomes and a strong order book driven by pent-up demand, especially for SUVs, will support domestic growth even as exports remain sluggish helping vehicle sales touch a record of 5 mn units