Page 2 - Passenger Vehicles

Auto sector mixed; Maruti, M&M top MOFSL bets as GST decision looms

Maruti Suzuki's volumes dipped marginally by 0.6 per cent Y-o-Y to 181,000 units, with export growth of 40.5 per cent Y-o-Y offset by a 7.5 per cent drop in domestic sales.

Tata Motors sales up 2% to 73,178 units in Aug; domestic dispatches fall 2%

Tata Motors on Monday said its total wholesales rose 2 per cent year-on-year to 73,178 units last month as compared with 71,693 units in August 2024. The company's total domestic dispatches, however, declined 2 per cent year on year to 68,482 units last month as against 70,006 units in August last year, the auto major said in a statement. Total passenger vehicle dispatches of the company in the domestic market declined 7 per cent to 41,001 units last month from 44,142 units in August 2024. Total domestic commercial vehicle sales stood at 27,481 units last month, an increase of 6 per cent as compared to 25,864 units in August last year. Shares of the company were trading 3.09 per cent up at Rs 689.45 apiece on BSE.

Passenger vehicle despatches in reverse gear for 3rd straight month in July

PV production in July was nearly unchanged at 398,071 units (up 0.1 per cent), indicating that original equipment manufacturer despatches are being calibrated to retail demand

July PV dispatches flat amid high inventory, festive season to boost demand

Domestic passenger vehicle dispatches show flat growth in July, but experts remain optimistic that the festive season and monsoon will revive demand

Auto companies align dispatches with retail demand amid stock pileup

Passenger vehicle dispatches rise just 0.5% in H1 2025 as OEMs curb factory output to align with slower retail demand and elevated dealer stock levels

Supreme Court dismisses plea to mandate six airbags in passenger vehicles

The Supreme Court on Thursday dismissed a plea to ensure installation of six airbags in passenger vehicles and said the matter was exclusively within the policy domain. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran told the petitioner to make a representation to the government. The petitioner said he had already given a representation to the government on May 17. "The prayers made in the writ petition are exclusively within the domain of policy to be framed by the executive. We are, therefore, not inclined to entertain the present petition," the bench said. If the petitioner has made a representation to the Centre, the bench said, the same would be considered on its own merits. The plea urged the court to declare non-mandating of six airbags was a violation of Articles 14 and 21 of the Constitution besides seeking a direction to authorities concerned to enhance vehicle safety mechanisms. While Article 14 deals with equality before the law, Article 21 pro

Maruti Fronx tops SUV exports in FY25, clocks 100,000 units in 25 months

Fronx drives Maruti Suzuki's record FY25 exports with 69,000 units shipped globally, becoming the fastest SUV to cross 100,000 units in overseas sales

Automobile exports rise 22% in Apr-June on record shipment of PVs: SIAM

Automobile exports from India rose 22 per cent year-on-year in the April-June quarter driven by record shipment of passenger vehicles and robust growth in segments like two-wheelers and commercial vehicles, according to industry body SIAM. Total exports across segments rose to 14,57,461 units in the first quarter as compared to 11,92,566 units in April-June quarter of last financial year. Passenger vehicles saw the highest-ever exports in the first quarter at 2,04,330 units, a growth of 13 per cent compared to 1,80,483 units in the same period last year. Export growth in this segment was driven by stable demand across most markets, with strong performance in the Middle East and Latin America, Society of Indian Automobile Manufacturers (SIAM) said. Revival in neighbouring markets like Sri Lanka and Nepal, rising demand from Japan, and growing exports under FTAs such as Australia also contributed to the overall uptick, it noted. The country's largest carmaker Maruti Suzuki led the .

India's auto sales flat in Q1 FY26; UVs, exports shine amid weak demand

India's auto sector began FY26 on a mixed note as UV sales and exports grew, but overall demand stayed soft. Two-wheelers and cars saw declines, while three-wheelers hit record Q1 sales

Auto sales shrug off rare earth, US tariff clouds to log June gains

Passenger vehicle sales grew modestly by 2.5% in June as rains and liquidity concerns affected demand, while all other segments also recorded positive year-on-year growth

PVs experience bumpy H1 ride; wholesales decline 6.4% in June to 320K units

In June, overall industry volumes dipped. According to industry estimates, wholesales fell 6.4 per cent to 320,000 units

Nuvama sees mixed June auto sales; two-wheelers, tractors to outperform

Analysts cite rural demand and the ongoing marriage season as key drivers supporting two-wheeler and tractor volumes, while subdued consumer sentiment and conversion delays are likely to weigh on PV &

Strong EV lineup pushes hybrids to the back seat; penetration hits 4.4%

EVs are taxed at 5% while hybrid vehicles attract an overall tax rate of 43%

Icra revises India's PV wholesale growth forecast to 1-4% for FY26

Ratings agency ICRA on Thursday lowered domestic passenger vehicles wholesale volume growth forecast to 1-4 per cent for FY26, citing concerns over high inventory levels and shortage of critical components such as rare earth magnets for especially for electric vehicles. ICRA had earlier pegged the passenger vehicles (PV) wholesale volume growth for FY26 at 4-7 per cent over FY25. The downward revision is "led by concerns regarding high inventory levels and supply shortage of critical components such as rare earth magnets, induced production constraints, especially for electric vehicles," ICRA said in a statement. "However, steady model launches from original equipment manufacturers (OEMs) are expected to partially support the overall industry volumes in the current fiscal year," it added. In May this year, domestic PV retail sales witnessed a 13.6 per cent month-on-month contraction at 3,02,214 units as against 3,49,939 units in April 2025, primarily due to subdued consumer sentime

Passenger vehicle dispatches dip marginally in May, two-wheelers edge up

While PV dispatches declined by 0.8% in May, UVs and two-wheelers saw modest gains; auto retail under pressure from inventory and weak sentiment

TaMo eyes 40% CV, 16% PV market share; EV biz hits Ebitda breakeven

Tata Motors targets 40% share in CVs and 16% in PVs by FY27, plans major EV investments and demerger of vehicle businesses by end-2025

Chennai to become Hyundai's largest export hub outside South Korea

Marking 25 years of exports from India, Hyundai targets 7-8% export growth in FY26 as demand from emerging markets rises and Chennai Port expands facilities

Tata Motors demerger to give shareholders long-term returns: Chandrasekaran

Tata Motors chairman N Chandrasekaran has said that the demerger will enhance agility, boost EV focus, and integrate AI to deliver long-term value

Auto firms need to think innovatively to attract buyers back to small cars

Car-market executives attribute the drop in small-car sales to stagnating incomes across the board, with only 12 per cent of Indian households earning over ₹12 lakh annually

Tata Motors shares hit speed bump, down 3% post muted Q4; what analysts say

Tata Motors' consolidated net profit tanked 51.2 per cent year-on-year (Y-o-Y) to ₹8,556 crore in the March quarter of financial year 2025 (Q4FY25), from ₹17,528 crore in Q4FY24.