Page 14 - Passenger Vehicles

M&M total sales jump 89% in Feb to 54,455 units, PV sales rise 80%

Mahindra & Mahindra (M&M) on Tuesday said its total sales increased by 89 per cent to 54,455 units in February. The company's total sales stood at 28,777 units in February 2021. The Mumbai-based auto major's passenger vehicle sales in the domestic market rose by 80 per cent to 27,663 units last month as against 15,391 units in February last year, the auto major said in a statement. Commercial vehicle sales increased to 23,978 units last month as compared with 11,559 units in February 2021. The company said its exports last month stood at 2,814 units as against 1,827 units in the same month last year. "All segments showed robust growth including SUVs at 79 per cent, which registered the highest ever monthly volume. We expect demand to continue to remain strong as the Covid situation eases further. "We continue to closely monitor the semiconductor-related parts supply and take corrective action as appropriate," M&M Automotive Division CEO Veejay Nakra noted.

Passenger vehicle retail sales drop 10% in Jan due to chip shortage: FADA

Two-wheeler sales last month declined by 13.44 per cent compared to January 2021

Tata Motors to increase passenger vehicle prices from January 19

Tata Motors on Tuesday said it will increase prices of its passenger vehicles by an average of 0.9 per cent with effect from January 19, in order to partially offset the impact of rise in input costs.

Top headlines: Budget session from Jan 31; WPI inflation eases to 13.56%

Business Standard brings you the top headlines on Friday

Why are SUVs catching the fancy of Indians?

More and more Indians now prefer SUVs -- some of them as bulky as mini trucks -- over hatchbacks and sedans. Let's examine the causes for the dramatic shift in consumer preferences towards SUVs

Tata Motors drives past Hyundai to grab second-largest carmaker tag

Tata Motors shipped 35,461 units of passenger vehicles (PVs) to its dealers in December 2021

Tata Motors reports 50% jump in PV sales to 35,299 units in Dec

Homegrown auto major Tata Motors on Saturday reported a 50 per cent jump in total passenger vehicle sales to 35,299 units in December 2021.

Here are the eligibility criteria for govt's 'BH-series' for new vehicles

A personal vehicle bearing this registration mark shall not require assignment of a new registration mark when the owner of the vehicle shifts from one state to another

Near-term worries likely to keep Maruti Suzuki's stock under strain

Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair

Tata Motors ties up with Bandhan Bank for passenger vehicle finance

Tata Motors on Wednesday said it has tied up with Bandhan Bank for retail finance for its range of passenger vehicles. As part of the tie-up, Bandhan Bank will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.5 per cent, the automaker said in a statement. The scheme will offer a maximum of 90 per cent financing on the total on-road cost of the vehicle, it added. Customers can also enjoy a benefit of special EMI options with a repayment tenor of up to seven years and the bank has also designed certain exclusive features like zero charges on foreclosure and part payment, Tata Motors said. "This partnership is a part of our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India to make ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding to the celebrations of this festive season," Tata Motors Passenger Vehicle Business Unit Vice President (Sales, Marketing & ...

Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with 90% growth

Tata Motors: In advanced stages to raise $1 billion for EV biz - Report

Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.

Semiconductor shortage pulls down India's PV dispatches in Sept

The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated. Barring exports, the company reported a dip in all segments, including utility vehicles and compact hatchback dispatches in ...

Semiconductor shortage to further impact PV sales in Sep: Ind-Ra report

Semiconductor supply shortage is expected to further impact passenger vehicles (PVs) sale volumes in September.

High frequency indicators turn 'uneven' in Aug as unlock benefits taper

The performance of the high-frequency indicators in August 2021 was decidedly uneven, especially when compared to the pre-COVID levels

Amid pandemic blues, first time buyers make a comeback in the car market

A strong preference for personal mobility due to pandemic has prompted buyers who relied on shared mobility, public transport in pre-Covid years, to buy their own vehicles

Tech platforms to propel India car services, repair market to $25 bn

The share of the online segment is also expected to increase from 1 per cent in CY20 to 15 per cent by CY30

Passenger vehicle wholesales jump 45% to 264,000 units in July, says Siam

Though there was a recovery in the passenger vehicles segment sales

Maruti Suzuki sales at lowest in 6 years amid Covid-induced slowdown

The carmaker's production declined for the third consecutive year in financial year 2020-21 to an 11-year low

Strong tractor and UV sales drive up M&M's Q1 net 23-fold

Earnings, however, aren't strictly comparable due to last year's low base. Businesses had come to a halt in the June quarter of 2020 due to Covid-19-induced national lockdown