Page 10 - Passenger Vehicles

Anand Group ties up with Korean entity to boost aftermarket biz for PVs

Auto component maker Anand Group on Wednesday said it has joined hands with South Korea's HL Group to provide a wide range of aftermarket components for the passenger vehicle segment in domestic and international markets. The companies have formed a joint venture (JV) -- HL Anand Automotive Parts Pvt Ltd -- under which two dedicated distribution centres will be set up in the next two years. The JV plans to add around 1,200 new SKUs (stock keeping units) in the next two years, Anand Group said in a statement. The new JV would help increase the size of the Indian firm's aftermarket business two-fold while building the Korean entity's presence in India, it noted. The JV will expand the aftermarket portfolio with products manufactured by Anand Group's existing JVs with HL Group's Mando Corporation, an automotive components leader based in South Korea, it added. The existing partnerships between the two entities are HL Mando Anand Automotive Pvt Ltd, which makes steering, brake, and .

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

NEC Corp India bags deal for vehicle location tracking project from UPSRTC

Technology firm NEC Corporation India has been selected as the master system integrator by Uttar Pradesh State Road Transport Corporation (UPSRTC) for the Vehicle Location Tracking-Passenger Information System project, the company said on Tuesday. The project is supported by Nirbhaya fund of the Centre and aims at resolving the critical issue of safety in buses and enhancing the overall travel experience of passengers in UPSRTC buses through advanced technologies, such as live tracking of buses. "As a leader in Integrated Transportation Systems, NEC India has successfully implemented many similar bus projects in India and the Middle East," UPSRTC, General Manager (IT), Yajuvendra Kumar said. Under this project, AIS 140-based Vehicle Location Tracking (VLT) devices and emergency safety buttons will be installed across the majority of UPSRTC buses along with tracking of its entire fleet on the Uttar Pradesh state tracking platform. Large display screens will also be installed in ..

Domestic passenger vehicle sales jump 3.1% as strong base effect continues

The highest ever sales by the Indian PV makers was in September last year at about 355,000 units

Indian auto industry is driving sustainable mobility through 6 initiatives

Companies have demonstrated the sector's commitment to the country's green growth

Kia unveils new updated Seltos; eyes 10% market share in PV segment

Kia India on Tuesday unveiled the updated version of its mid-sized sports utility vehicle Seltos, as it aims to garner a 10 per cent market share in the domestic passenger vehicle (PV) segment. The automaker, which currently has a market share of around 7 per cent in the domestic market, also aims to double its existing sales network to 600 plus outlets from over 300. "Seltos is the product with which we entered India, and since then, the journey of Kia India and the Seltos has been almost identical. We have a segment disruptor and a segment winner in the new Seltos and are confident to take forward the strong legacy of the Brand Seltos to lead the premium RV market," Kia India Managing Director and CEO Tae-Jin Park said. This strategic launch is key to the company's ambitions of attaining a 10 per cent market share soon, he added. "We feel that there is a lot of growth potential in the mid-SUV segment, and the new Seltos will grow the premium end of it," Park noted. With the ...

Tata Motors to hike prices of PVs from July 17 to offset input costs

Tata Motors on Monday said it will hike prices of its passenger vehicles with effect from July 17. The company will increase prices of its passenger vehicles (including EVs) by an average of 0.6 per cent across models and variants, Tata Motors said in a statement. The price increase is to offset the residual impact of past input costs, it added. The auto major noted that it will offer price protection to bookings made up to July 16, 2023 and deliveries up to July 31, 2023. Tata Motors sells a range of passenger vehicles including Punch, Nexon and Harrier.

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India produces 27 mn vehicles, valued at $108-bn in FY23: Report

The Indian automobile industry produced a whopping 2.7 crore vehicles across segments and types, worth around USD 108-billion (Rs 8.7-lakh crore) in FY23, with passenger vehicle segment accounting for 57 per cent at Rs 5-lakh crore in the total value, a report said on Wednesday. Also, in the total 2.7 lakh crore vehicles churned out last fiscal, the commercial vehicle segment, which includes small 4-wheel carrier with less than 2-ton capacity to large tractor trailers and specialty vehicles like tippers, share stood at 10-lakh vehicles, generating a value of Rs 1.7-lakh crore, management consulting services firm Primus Partners said in its report. The CV segment accounted for 4 per cent in the total volume and 19 per cent in value terms, it said. According to Primus Partners, the production of two-wheelers is closely matched by China, with 20-million two-wheelers coming out of the manufacturing facilities in the country, accounting for 77 per cent of the volume share. The overall .

Better chip supply fuels passenger vehicle production by 16%: Siam

India's two-wheeler exports down 21% in the month

Car dealer inventories rise despite retail sales of PVs up 4% in May

FADA initiates talks with OEMs on recalibrating production plans

Auto cos post record sales for May amid better chip supply, high SUV demand

The domestic auto industry's bookings rose 10 per cent in May year-on-year, while the number of enquiries jumped 17 per cent in May year-on-year

Domestic PV sales expected to stay strong this fiscal: Tata Motors

Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. Managing Director Shailesh Chandra. The company, which sold around 50,000 units of electric passenger vehicles last year, is targeting to reach 1 lakh units this fiscal while it also targets deeper penetration of CNG with the launch of its Altroz iCNG premium hatchback. "So far the indicators are good in terms of demand sustaining at high levels, although the additional moves that we were getting from pent-up demand and low channel inventory that have subdued," Chandra told PTI here. He was responding to a query on the outlook of passenger vehicles sales in India in 2023-24. In the last five to six months, Chandra said two factors -- pent-up demand and low channel inventory, were really driving

PV dispatches highest ever in April, grow 13% YoY, shows SIAM data

2W dispatches up 15% YoY, auto body says all segments have posted growth this April, indicating smooth shift to BS VI Phase 2 emission norms

Passenger vehicle dispatches jumped 13% to 331,278 units in April: SIAM

Two-wheeler dispatches increased by 15% to 1,338,588 units in April

Connected vehicles market grew 60% in quarter ended March: CMR

The market for EVs in India grew 48% during the period

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

Tata Motors domestic sales fall 4% in April, passenger vehicle sales up 13%

The sales of commercial vehicles fell sharply by 27% to 22,492 units in April this year. It was 30,838 last year

Tata Motors to hike prices of its passenger vehicles next month

Tata Motors on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement. This will be the second price hike by the company for its PVs after it had increased in February. "Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes and rise in overall input costs and is hence compelled to pass on some proportion through this hike," it said. The company sells a range of passenger vehicles, including cars such as Tiago, Tigor and Altroz; and SUVs such as Punch, Nexon, Harrier and Safari, with prices ranging from Rs 5.54 lakh and Rs 25 lakh. Earlier in February this year, the company had increased prices across its internal combustion engine (ICE) portfolio of passenger vehicles at an average of 1.2 per cent.