Page 8 - Passenger Vehicle Sales

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 .

June qtr PV sales overtake Q1FY19 volumes, two-wheeler sales lag

Entry-level cars, two-wheelers remain in slow lane; two-wheeler exports jump

Passenger vehicle wholesales jump over two-fold to 2,51,052 units in May

Passenger vehicle dispatches to dealers in India rose over two-fold last month on a low base of Covid-19-hit May last year. As per the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle wholesales rose to 2,51,052 units last month as compared to 88,045 units in May 2021. The two-wheeler sales rose to 12,53,187 units in May as compared to 3,54,824 units in the year-ago period. Similarly, total three-wheeler dispatches stood at 28,542 units last month as against 1,262 units in May 2021. Overall sales of PVs, two-wheelers and three-wheelers rose to 15,32,809 units in May. The same stood at 4,44,131 units in the preceding year. "Sales of two-wheelers and three-wheelers continue to remain sluggish in the month of May 2022, as they are even below of what it was 9 years and 14 years ago, respectively," SIAM Director General Rajesh Menon said. Similarly, sales of passenger vehicle segment are also still below 2018 level, he added. "Recent Government interventions woul

Sales of two-wheelers, CVs in slow lane; 1.6 mn units sold in May: FADA

Retail sales of passenger vehicles grew last month but the sales of two-wheeler and commercial vehicles remained low compared to the pre-Covid month of May 2019, according to FADA

Two-wheeler sales drag domestic auto sales to six-year low, exports shine

Overseas shipments by volume of scooters and motorbikes hit the highest since FY16

Top headlines: Infosys Q4 net rises 12%; PV sales dip nearly 4% in March

Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the quarter from Rs 26,311 crore in the year-ago period

Passenger vehicle sales dip nearly 4% in March: SIAM data

Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units

Passenger vehicle retail sales dip 5% in March to 271,358 units: FADA

Domestic passenger vehicle retail sales in March declined by 4.87 per cent to 271,358 units, as compared to the same month last year, automobile dealers' body FADA said on Tuesday.

Easing supply side constraints of semiconductors fuel March PV sales' rise

Easing supply side constraints of semiconductors as well as healthy demand led many passenger vehicle manufacturers to report healthy wholesales during last month.

Retail sales of domestic passenger vehicle dip 8% in February: FADA

The industry body warned that the Russia-Ukraine conflict could further impact the production of semiconductors

Passenger vehicle wholesales dip 8% in Jan as semiconductor woes continue

The total passenger vehicle wholesales dropped to 2,54,287 units in January 2022 as compared to 2,76,554 units in the same month of last year.

Tata Power to set up EV charging stations at vehicle zones of Apollo Tyres

Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter's commercial and passenger vehicle zones across India. Tata Power and Apollo Tyres have announced a strategic partnership in this regard, a statement said. Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. "We are glad to partner with Apollo Tyres for the deployment of EV charging stations across their commercial & passenger vehicle zones. This partnership reflects our commitment to developing and expanding the electric vehicle ecosystem in the country," Praveer Sinha, CEO and MD of Tata Power, stated. Based on location, this classification of chargers will support EV charging for two-wheelers and four-wheelers, respectively. As per the agreement between Apollo Tyres and Tata Power, the latter will set up Charging Stations at 150

Passenger vehicle dispatches slide 13% in December on chip shortage: SIAM

Passenger vehicle wholesales in India declined 13 per cent to 2,19,421 units last month, auto industry body SIAM said on Friday. Passenger vehicle sales in December 2020 stood at 2,52,998 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 11 per cent to 10,06,062 units, compared to 11,27,917 vehicles in December 2020. Motorcycle sales declined 2 per cent to 7,26,587 units as against 7,44,237 units in December 2020. Scooter sales were also down 24 per cent at 2,46,080 units from 3,23,757 vehicles a year ago. In October-December period of this fiscal year, passenger vehicle sales declined 15 per cent to 7,61,124 units from 8,97,908 units in the year-ago period. Two-wheeler sales during December quarter dropped 25 per cent to 35,98,299 units as compared to 47,82,110 units in the same period a year ago. However, commercial vehicle sales saw marginal increase at 1,94,712 units in the quarter under review against 1,93,034

Vehicle registration falls 16% across categories in December: FADA

Poor demands plagues two-wheelers, chip shortage derails PV sales; dealer body cautious of road ahead as various state govts once again announce Covid curbs

Passenger vehicle retail sales dip 11% in Dec amid semiconductor woes

Passenger vehicle retail sales in India witnessed an 11 per cent year-on-year decline in December as semiconductor shortage continued to impact the segment, automobile dealers' body FADA said

Bharat sustains sales for Maruti even as chip shortage chokes India volumes

Positive macroeconomic indicators in rural India have helped passenger vehicle sales

Passenger vehicle sales dip 19% in Nov as chip shortage woes continue: SIAM

'In the festive season, industry was hoping to make up for the lost ground, but the sales in the month of November 2021, were the lowest in seven years for passenger vehicles,' says SIAM director