Page 19 - Passenger Vehicles
PV retail sales fall 4.6% in June over liquidity issues, delayed monsoon
According to Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,35,539 units in June 2018
 "PV retail sales fall 4.6% in June over liquidity issues, delayed monsoon")
Automobile production, domestic sales decline marginally in February
Manufacturers concerned about monthly sales during April to June
 "Automobile production, domestic sales decline marginally in February")
Poor demand, costly fuel keep passenger vehicles sales in slow lane
Passenger vehicles reported a decline of 1.87% in sales in January; dispatch of cars declined 0.94% to 233,856 units
 "Poor demand, costly fuel keep passenger vehicles sales in slow lane")
Passenger, commercial vehicle sales dip marginally in Dec; motorcyles' rise
Sales of commercial vehicles were down 7.8 per cent to 75,984 units in December, SIAM said
 "Passenger, commercial vehicle sales dip marginally in Dec; motorcyles' rise")
Passenger vehicle sales dip in December on weak sentiment, unsold stock
An overall increase in cost of ownership, including a higher rate of interest on finance have weighed on buyer sentiment
 "Passenger vehicle sales dip in December on weak sentiment, unsold stock")
Passenger vehicle sales skid over 3% in November over costly fuel, loans
Manufacturers regulate dispatches to correct inventory at dealerships
On a lower gear: Car sales decline over 5% in September, says SIAM
Overall domestic sales for automobile industry rose 3.72% to 2.58 million units in the month
 "On a lower gear: Car sales decline over 5% in September, says SIAM")
Automakers offer discounts, schemes to woo buyers during festive season
The schemes for older models in the line-up are even more attractive
Passenger vehicle sales skid first time in 6-month, fall 2.7% in July: Siam
High base of last year after GST implementation hits demand
 "Passenger vehicle sales skid first time in 6-month, fall 2.7% in July: Siam")
Riding on new launches, auto sales extend momentum in April
Estimate passenger vehicles sales to grow 8-9 per cent in the current financial year, provided monsoon plays out well, said Subrata Ray, analyst with ICRA
 "Riding on new launches, auto sales extend momentum in April")
Passenger vehicle industry: India made four million cars in FY18
India was projected to become third-largest PV market by 2020; it stood fifth in 2017 after China, US, Japan, Germany
 "Passenger vehicle industry: India made four million cars in FY18")
With 9% growth, India scores over top car markets globally in 2017
Data showed that except for India and Japan, sales in most top countries have either moderated or at best remained flat in 2017
 "With 9% growth, India scores over top car markets globally in 2017")
India 2nd fastest growing market for passenger vehicles globally
India stood at 29,66,637 units in 2016 as against 27,72,270 units in 2015
 "India 2nd fastest growing market for passenger vehicles globally")
Passenger vehicle sales may grow up to 9% in 2017: Fitch report
Increase in auto sales would also strengthen India's GDP growth, touted at 6.9% at FY16 and 7.7% in FY17
September car sales may surge 14-15% on festive demand
This will be the third consecutive month of a double digit volume growth
 "September car sales may surge 14-15% on festive demand")
Is India a crowded car market?
Why every car maker wants a pie of the 3-million unit Indian market
 "Is India a crowded car market?")
Car sales slide for fifth month in 2016, dip 0.8%
Most segments of auto industry report growth in May
 "Car sales slide for fifth month in 2016, dip 0.8%")
FY17 passenger vehicle sales growth to be 6-8%
Siam revises projections due to infrastructure cess, concerns around diesel cars
 "FY17 passenger vehicle sales growth to be 6-8%")