Page 7 - Passenger Vehicle Sales

Auto sales up 48% in Oct; all vehicle segments gain in festive season: FADA

Two-wheeler segment up 51%; high demand continues for SUVs and premium cars

Passenger vehicles get a festive high in October; sales see sharp rise

Availability of semiconductor chips, rising consumer confidence contribute to the growth

M&M reports 60% rise in domestic passenger vehicle sales at 32,298 units

Mahindra & Mahindra Ltd on Tuesday reported a 60 per cent rise in domestic passenger vehicle sales at 32,298 units in October 2022. The company had sold 20,130 units in the same month last year, Mahindra & Mahindra (M&M) said in a statement. Utility vehicle sales were at 32,226 units, as against 20,034 units in the year-ago month, a growth of 61 per cent, it added. However, car and van sales were down 25 per cent at 72 units, from 96 units in October 2021. "Our sales volume continued to grow in October on the back of strong festive demand," M&M President, Automotive Division Veejay Nakra said. M&M said in the commercial vehicles segment, it sold 20,980 units in October 2022. Total tractor sales were higher by 11 per cent at 51,994 units last month as compared to 47,017 units in October 2021. Domestic tractor sales were at 50,539 units as against 45,420 units in the same month last year, a growth of 11 per cent, while exports were down 9 per cent at 1,455 units as .

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Passenger vehicle wholesales surge 92% in Sep on robust festive demand

Riding on the back of strong festive season demand, passenger vehicle wholesales in India increased 92 per cent to 3,07,389 units last month, as compared to the same month last year, auto industry body Society of Indian Automobile Manufacturers said on Thursday. Passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 13 per cent to 17,35,199 units, as compared to 15,37,604 vehicles in September 2021. Motorcycle sales rose 18 per cent to 11,14,667 units, as against 9,48,161 units in September 2021. Scooter sales were up 9 per cent to 5,72,919 units, from 5,27,779 vehicles a year ago. In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal. Similarly, total two-wheeler sales rose 13 per cent to 46,73,931 units, as compared with 41,36,4

Automobile sales revved up 11% in Sept amid festival fervour: FADA

October likely to be good, too, amid the festival season

Domestic PV sales see record jump in Sept with onset of festival season

The sales figures released by the top nine carmakers saw a jump of 89.6 per cent to 306,211 units

Maruti Suzuki's domestic sales more than doubles to 148,380 units in Sept

The sales of Maruti Suzuki's utility vehicles -- Brezza, Ertiga, S-Cross, XL6 and Grand Vitara -- have increased from 18,459 units in September 2021 to 32,574 units in September 2022

Tata Motors clocks record domestic monthly PV sales in Sept at 47,654 units

In September 2022, PV sales increased by 85 per cent. India's third largest carmaker sold 25,730 PV units in September 2021

Kia clocks highest ever monthly sales in India in Sept at 25,857 units

The Korean company said its 2021 domestic sales had been surpassed in the first nine months of 2022

Tata Motors expects 20% of domestic PV sales to come from EVs in 3 years

Tata Motors expects 20 per of its total passenger vehicle sales in the domestic market to come from electric vehicles in the next three years, a senior company official said on Thursday. The company, which has electric models such as Nexon EV and Tigor EV, expects to touch 50,000 units mark in total EV sales this year. It is also working on flex-fuels and expects its product portfolio to be E20 (20 per cent ethanol) compliant by 2025. "Right now, it (electric vehicles penetration) is between 8-8.5 per cent and the models in which we have electric, it is roughly 25 per cent," Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told reporters on the sidelines of the annual session of SIAM here. He was responding to a query on the level of EV sales of Tata Motors. "Last year, we ended at 5 per cent. Before that we were at 2 per cent and the year before that it was 1 per cent," he said. This fiscal itself the company expects to reach

Domestic PV sales may touch record level at nearly 4 mn units in 2022

Domestic passenger vehicle sales could touch a record level of nearly 40 lakh units this year on strong demand and companies finding ways to enhance production despite semiconductor shortage, a senior Maruti Suzuki India official said on Monday. Even as the chip shortage issue has improved compared to a year back, the industry is estimated to have a pending order of around 7.5 lakh units of passenger vehicles with Maruti Suzuki India (MSI) alone having around 4.18 lakh units, company Senior Executive Officer, Marketing and Sales, Shashank Srivastava told PTI here. "I think it would be slightly below 4 million (units mark). At the moment the projections are that in January-September, maybe we should be touching like 2.8 or 2.9 million," he said when asked about the sales prospects of passenger vehicles (PVs) in the domestic market in 2022. He further said,"In three months time, that is October, November, December - if we get let's say one million more, then we should be around that 3

Domestic sales of passenger vehicles jump by 21.1% in August: Siam

Three-wheelers' domestic sales jumped from 23,606 units in August last year to 38,369 units in August this year, Siam noted

Passenger vehicle dispatches surge 21% in Aug on better chip supply, demand

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent. Total three-wheeler sales rose to 38,369 units last month against 23,606 units in August 2021, up 63 per cent. Sales across segments rose by 18 per cent to 18,77,072 units in August this year, from 15,94,573 units in the same month last year, SIAM said.

With high August sales, has Indian auto sector entered the fast lane?

Experts say this year's passenger vehicle sales may be a quarter of a million more than the initial estimates. The sharp uptick in August sales also points towards it. Here's a peek into the auto boom

Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA

Dragged down by two-wheelers, overall retail falls 8%

July vehicle registrations fall 8% as rains, inflation hurt demand: FADA

Two-wheeler, tractor sales contract as people put off making expensive purchases before festival season in August

Auto retail sales dip 8% in July on poor registrations of PVs, two-wheelers

Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors

PV sales expected to be strong in July as production rises: Report

Passenger vehicle sales are expected to be robust in July, driven by a large order book and production ramp-up, while commercial vehicle volumes may remain in an uptrend, a report said on Thursday. However, tractor volumes are likely to decline due to a high base and uneven spread of the monsoon, according to brokerage firm Emkay Global Financial Services, which has retained a positive view on the auto sector. Emkay Global also expects an improvement in two-wheeler sales on the back of higher production and inventory build-up with dealers. Passenger vehicle segment should witness a robust growth on a large order book and production ramp-up, with automakers such as Tata Motors, M&M and Maruti Suzuki expected to log 49 per cent, 28 per cent and 8 per cent volume growth, respectively, in July, the brokerage firm said. For the two-wheeler segment, the brokerage estimates a 35 per cent improvement in domestic sales for Eicher Motor-Royal Enfield, 6 per cent each for TVS Motor and Hero .