Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year
At present, EVs account for 2 per cent of the company's passenger vehicle (PV) sales
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Three-wheeler sales declined to 9,397 units last month as against 10,300 units in the same period last year
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An engine agnostic portfolio also reduces the EV transition risk
Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands
Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019
Automobile registrations across the country dropped by 32 per cent last month as compared to April 2019 with passenger vehicles showing a decline of over 11 per cent, FADA said on Monday
In a first, company to deliver car at customer's doorstep from the factory
Company's SUVs and car sales see a record 422% YoY y jump in March
Passenger vehicles and two-wheeler dealers in the country are expected to see higher revenue growth and profitability in the next fiscal, the report said
According to FADA data, two-wheeler numbers dropped 16% in February, while passenger vehicles' grew 10.5%
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As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020
Dec had seen sales grow for 1st time this FY, which dealers called a one-off
In a Q&A, the firm's MD &CEO says as fleets resume plying, recast requests are likely to be lower than the 3% that the company had earlier planned
Tata Motors expects the process of hiving-off its domestic passenger vehicles (PV) unit to be completed around May-June this year
The company had earlier increased prices of commercial vehicle range, from 1 January
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 ...