As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9 per cent in FY26, following an estimated 11-14 per cent growth in FY25.
The overall passenger vehicle dispatches to dealers stood at 3,89,714 units in October 2023.
PV sales saw steep decline of 18.81% YoY while CV sales fell 10.45% YoY, 'reflecting subdued market conditions and weak government spending', says FADA
According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent with volumes at 90,432 units in FY24, with an improving penetration rate, electric car sales in the passenger vehicle (PV) segment is likely to clock volume of around 1.30-1.50 lakh units in FY25.
New Delhi, Jun 9 Passenger vehicle exports from India rose by 2.68 lakh units in the last four financial years with Maruti Suzuki India accounting for..
Two-wheeler wholesales rose 26 per cent to 14,95,183 units last month as compared with 11,84,376 units in January last year.
The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing.
The total passenger vehicle (PV) exports stood at 6,62,891 units in the 2022-23 fiscal as compared to 5,77,875 units in 2021-22.
Deputy Head of Research & Auto Analyst, Institutional Equities, at MOFSL spoke about the challenges and positives for the sector in CY23
The company had sold 17,722 units in the same month in 2021, M&M said in a statement.
Passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units.
As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021.
Overall passenger vehicle wholesales increased to 2,93,865 units last month compared to 2,64,442 units in July 2021.
Domestic utility vehicle sales during the month were at 27,854 units, as against 20,797 units in the year-ago month, a growth of 34 per cent, it added. On the other hand, sales of cars and vans were down 20 per cent at 199 units, as compared to 249 units a year ago, M&M said.
Total passenger vehicle domestic wholesales stood at 2,51,581 units last month as compared to 2,61,633 units in April 2021.
The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21.
Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units.
The domestic PV sales registered a healthy growth of 14.7 per cent year-on-year in FY22 despite the supply challenges in semiconductors that led to longer waiting periods and production cuts for certain models, Acuite said in a statement.
According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,85,240 units in March 2021.
The passenger vehicle (PV) sales dropped to 2,58,329 units last month, down 10.12 per cent from 2,87,424 units in January 2021.
The passenger vehicle (PV) retail sales last month fell 10.91 per cent to 2,44,639 units from 2,74,605 units in December 2020.
With around 5 lakh units of production lost by various automakers in the passenger vehicles segment due to the semiconductor shortage, ICRA said the earnings loss for the OEMs (Original Equipment Manufacturers) could be around Rs 1,800 crore to Rs 2,000 crore for the ongoing fiscal.
The passenger vehicle (PV) dispatches last month stood at 2,15,626 units, down 19 per cent from 2,64,898 units in November 2020.
Passenger vehicle sales last month stood at 2,26,353 units, as compared to 3,10,694 units in the year-ago period.
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