Page 6 - Passenger Vehicles

Car firms likely to witness sales growth crawling at 1-2% in FY26

Two-wheeler industry's volume growth expected to be in 8-10 pc in FY26

Auto exports jump 40% in Jan; domestic dispatches in PVs, 2Ws remain flat

On the export front, car exports saw nearly a 13 per cent drop year-on-year (Y-o-Y), while utility vehicle (UV) exports went up by around 61.5 per cent in January

PVs in top gear as rural growth back on track; inventory levels decline

OEMs feel consumption in this segment will continue to grow this year

Tata Motors Q3 results: Net profit down 22% on muted revenue growth

Revenues of commercial and passenger vehicles were down 8.4% and 4.3%, respectively

Passenger vehicle dispatches hit record 4.3 million units in 2024

Sales grew 11.4% in December as several OEMs continued with their festive discounts

Mandatory hi-security number plates in Maharashtra to cost Rs 531-879

As per SOP, the vehicle owner is responsible for getting HSRP and a third registration mark sticker installed by March 31, 2025

US to need PVs to sound alarms if rear passengers don't fasten seat belts

Starting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don't buckle up. The National Highway Traffic Safety Administration said Monday that it finalised the rule, which also requires enhanced warnings when front seat belts aren't fastened. The agency estimates that the new rule will save 50 lives per year and prevent 500 injuries when fully in effect, according to a statement. The new rule will apply to passenger cars, trucks, buses except for school buses, and multipurpose vehicles weighing up to 10,000 pounds. Before the rule, seat belt warnings were required only for the driver's seat. Under the new rule, outboard front-seat passengers also must get a warning if they don't fasten their belts. Front-centre seats will not get a warning because NHTSA found that it wouldn't be cost effective. The agency said most vehicles already have warnings for the outboard passenger seats. The rule also lengthens the duration o

High dispatches, low retail sales may up passenger vehicle inventory

According to data from the Society of Indian Automobile Manufacturers (Siam), 347,522 PV units were dispatched by original equipment manufacturers (OEMs) in November

PV dispatches rise 4% in Nov as demand sustains post-festive period: Siam

Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 units to its dealers last month, an increase of 5 per cent as compared with 1,34,158 units in November last year. Hyundai Motor India dispatches declined to 48,246 units last month as against 49,451 units in the year-ago period. Mahindra & Mahindra sales stood at 46,222 units last month as compared with 39,981 units in November last year, a growth of 16 per cent Two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units last month as compared with 16,23,399 units in the same month last year. Scooter sales rose 12 per cent year on year to 5,68,580 units last month while bike dispatches fell 7.5 per .

Passenger vehicle discounts peak at Rs 3.7 lakh amid muted demand

Automakers have announced a price hike for January 2025, which typically should pre-pone the buying decisions of consumers

Tata Motors, Kia India to hike passenger vehicle prices from Jan 2025

Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Wedding season, rural traction drive car sales; PV wholesales up 4% in Nov

Toyota sees sharp jump of over 44%

Icra cuts PV factory dispatch outlook down to 0-2% on high inventory level

Rating agency Icra on Monday revised downwards the outlook for passenger vehicle factory dispatches to showrooms in the current fiscal on acccount of high inventory levels. Despite good retail sales, a year-on-year growth of 6 per cent in April-October FY2025 partially on account of an early festive season, the high inventory levels for the industry curtailed wholesale volume growth, as per a report on the domestic automotive industry by the domestic ratings agency. "ICRA has thus revised the outlook for the wholesale volume growth for the industry in FY2025 downwards to 0-2 per cent," it added. The rating agency had earlier pegged PV wholesale growth at 3-6 per cent for 2024-25 fiscal. Retail sales of passenger vehicles during the festive season grew at a moderate pace of 6 per cent year-on-year to 6.5 lakh units, aided by attractive discounts and competitive financing rates. ICRA also revised the outlook for the wholesale volume growth for the industry to 11-14 per cent in FY202

Festive season stabilises PV sales, 2Ws jump 14%; over 393K vehicles sold

PV, 2W segments post their highest-ever domestic sales on demand spurred by Dussehra, Diwali

Auto retail sales up 32% in Oct as 2W, PVs shine in festival season

Inventory levels improve from record high in Sept; dealers expect business improvement to continue

PV wholesale up by 2% in Oct; retail sales posts 20% rise on festive push

Industry leaders Maruti Suzuki India and Tata Motors saw a decline in domestic wholesale sales of 5 per cent and 0.4 per cent, respectively

Passenger vehicle sales growth expected to be below 5% in FY25: Siam Prez

May and June affected us badly, says Shailesh Chandra

Passenger vehicle sales drops 19% in September, inventory hits record high

Fada, however, said that the near-term outlook for automobile retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in sales

From Maruti to Tata, auto firms prune sales to dealers over low demand

September tally hit by Shraddh period, but enquiries and bookings rise