Page 16 - Passenger Vehicles

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..

Tata Motors expects PV industry to surpass FY19 volumes this fiscal

The firm expects a better business environment this fiscal even as chip shortages continue to making it challenging to cater to the enhanced demand

Mahindra Auto may be divided into three separate units, says report

Mahindra Group is also seeking funds for the EV unit and will club it with Italian design house Automobili Pininfarina to form a separate company, according to the report

Maruti Suzuki looks to ride SUV wave to drive past 50% market share

Maruti Suzuki India (MSI) will keep consolidating its existing product line-up while bolstering presence in the fast growing SUV segment

Tata Motors hikes prices to curb rising input cost, effective immediately

Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect

Govt's efforts to push EVs yielding results only in some segments & states

In Delhi, a sixth of the heavy passenger vehicles sold in 2021-22 were in the electric category

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

Share of home-grown auto firms rises to a 3-year high in PV market

Tata Motors leads with a sharp jump in volume and market share

PV demand to witness moderate growth over next few quarters: Report

The demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas, according to Acuite Ratings & Research. However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also the sharp increase in retail fuel prices. The domestic PV sales registered a healthy growth of 14.7 per cent year-on-year in FY22 despite the supply challenges in semiconductors that led to longer waiting periods and production cuts for certain models, Acuite said in a statement. The growth print was also supported by a low base factor, given the protracted lockdown in FY21, it added. "Acuite believes that the demand for PVs will witness a moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas," it said. For two-wheelers, the rating agency said the .

Passenger vehicle retail sales dip 8% in Feb as chip woes continue: FADA

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

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 & ...