Page 16 - Passenger Vehicles

Tata Motors to hike prices of passenger vehicles by up to Rs 26,000

The company had earlier increased prices of commercial vehicle range, from 1 January

Tata Motors hikes prices of passenger vehicles by up to Rs 20,000

Tata Motors on Friday said it has increased prices of its passenger vehicle (PV) range by up to Rs 20,000 to offset rising input costs and semiconductors. The company joins others like Maruti Suzuki and Mahindra & Mahindra, which have also hiked their vehicles' prices. "Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on the part of the cost to customers," Tata Motors said in a regulatory filing. The company further said, "Tata Motors has marginally increased prices from 0 to Rs 26,000, depending on the variant. Continuing its commitment towards customers, the company will also offer protection from the price increase to customers who have booked Tata passenger vehicles on or before January 21, it added. Tata Motors currently sells PVs ranging from hatchback Tiago with starting price of Rs 4.7 lakh to SUV Harrier tagged at Rs 19.1 lakh (ex-showroom Delhi). Tata Motors said its PV business has been witnessing ...

Passenger vehicle retail sales rise 24% to 271,249 units in Dec: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units on the back of the pent up demand continuing from the festive season. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019. Two-wheeler sales increased 11.88 per cent to 14,24,620 units last month, as compared to 12,73,318 units in December 2019. Commercial vehicle sales, however, slipped 13.52 per cent to 51,454 units in December 2020, as against 59,497 units a year ago. Similarly, three-wheeler sales fell 52.75 per cent to 27,715 units last month, from 58,651 units in December 2019. Tractor sales, however, grew by 35.49 per cent to 69,105 units last month, against 51,004 units in the same month of 2019. Total sales across categories increased 11.01

Tata Motors gains 4%, nears 52-week high on strong December sales data

Tata Motors' total vehicle sales grew 21 per cent in domestic markets in December

Automakers see double-digit growth as robust demand lifts PV sales in Dec

Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said. Similarly, Hyundai ...

Retail auto weakens in Dec due to lower discounts farmers protest: Report

Farmers protest, lower discounts, especially for passenger vehicles compared to last year coupled with exhaustion of pent up demand, among others, resulted in weak auto retail sales in December

PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%

New launches, specially compact SUV's, continued to show good demand in the PV segment

Passenger cars brightest spot in auto industry on high festive demand

Maruti and Tata Motors witnessed a strong demand.

Passenger vehicle wholesale up 14% to 3,10,294 units in October: SIAM

Motorcycle sales were at 13,82,749 units as against 11,16,886 units in October 2019, up 23.8 per cent

We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar

Tata Motors reaches milestone of producing 4 mn passenger vehicles

Automobile major Tata Motors has achieved the production milestone of 4 million passenger vehicles in India since its inception

India's passenger vehicles exports fall 58% in first half of FY21

Passenger car exports during the period under review stood at 1,00,529 units, down 64.93 per cent from 2,86,618 units in April-September, 2019-20

Festive stocking pushes up passenger vehicle sales in September

Vehicle manufacturers had increased inventory amid expectation that retail sales would pick up during festivals

Passenger vehicle sales rise 26% in Sept; up for 2nd straight month: SIAM

Scooter sales were also up marginally at 5,56,205 units from 5,55,754 units in the same month last year

Passenger vehicle industry's FY21 volumes expected to see 22-25% dip: ICRA

Passenger vehicle industry's FY21 volumes are expected to witness a 22-25% decline, ratings agency ICRA said on Wednesday

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Two-wheelers prove to be better bet for auto makers amid economic slowdown

Analysts attribute this to the slowdown in the job market, which has a bigger economic impact on urban India

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Skoda drives into pre-owned car market as demand for owned vehicles soars

The used car market in India has been growing at more than 1.5 times that of new cars

Penetration of EVs to remain low in medium-term in PVs, CVs: ICRA

ICRA said modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge