India’s passenger vehicle market is cooling off, with growth seen slowing to 1–2 percent in FY26 from 3 percent last year, as affordability issues, macro uncertainty, and changing buyer preferences weigh on demand.
Apart from supply issues at JLR, global car demand is slowing even as Tata Motors is faced with moderation in CV and PV sales in the domestic market
CAL is the largest player in the machining of cylinder blocks and cylinder heads for CVs in India. In the tractor segment, the company CAL is one of the key component players. Its aluminium product segment is expected to outperform driven by advanced emission norms and wider adoption of EVs
With better utilisation of fleet and regulatory concerns behind them, there should be replacement of vehicles over the medium term
Despite rising commodity prices and the increase in vehicle costs, factors like improved supply of semiconductor chips and strong economic growth for FY24 resulted in higher vehicle offtake, as per SIAM.
After two years of good growth, the commercial vehicles industry is seeing sales growth shift to the slow lane
While there may be some softness in demand due to elections in the near term, underlying demand appears to be intact
While domestic auto sales across all segments grew 19.48 percent YoY, PV exports slipped slightly to 1,69,463 units against 1,70,458 units during this period.
The only stumbling blocks, says Balaji, are semiconductor availability for JLR, inflation, and the ability to manage cost challenges at Tata Motors
October wholesale data shows that while Tata Motors’ overall CV sales vaulted in recent months to grab half the market share, Mahindra and Mahindra lost ground mainly due to supply-chain issues
CV sales are still below the August 2019 levels. Industry experts state that FY2022 sales would at best touch FY2015 levels, hardly a reason for celebration
Sales of tippers and long haul trucks indicate that infrastructure projects are gaining traction
While the current upward trend in autos is welcome, in the long run, it will be Bharat Forge's foray into new areas that will provide support
The upward trajectory may not, however, be a smooth one as seen by stuttering auto retail sales in October and November
An interesting phenomenon is the spurt in demand for ICVs through the months of the pandemic and lockdown
According to Q3 2016 trends report from global background verification firm First Advantage, the discrepancy trend was consistent in both employment and education component across zones in the second and third quarter of 2016
The injectable drugs, known as PCSK9 inhibitors, could cost an estimated USD 7,000 to USD 12,000 per year for each person using the drug.
Tata Motors, India's largest automobile company with consolidated revenues of Rs 2,32,834 crore in 2013-14, has already launched the Prima range in various countries, including Kenya, Oman, the UAE and Qatar.
The company is also seeing a significant pick-up in commercial vehicle sales.
According to Vikram Kirloskar, the overall auto industry has been hurt even with a lower duty and so, with a high duty it is going to be even harder.
The company is planning to expand its Chennai plant with an investment of around Rs 1,400 crore.
The Pune-based forging company is increasing penetration in new sectors like aerospace with four new customers in the segment.
Steel Strips Wheels is now focusing on catering to the commercial vehicle (CV) segment, says Mohan Joshi.
In an interview to CNBC-TV18, Romesh Sobti, managing director and chief executive officer, IndusInd Bank, says the bank will continue to post stable margins as there are very strong signals for rate reductions.
Auto components maker Bharat Forge is hopeful of sustaining margins in its Europe subsidiary on improved demand.