Passenger Vehicles

The total sales of three wheelers and two wheelers posted a growth of 8.3 percent and 7.1 percent respectively in August, SIAM said.

Passenger vehicles, two-wheelers take automobile sales to slow lane, drop 4% in July

The dealers’ body said the overall registration declined to 19,64,213 units in July, compared to 20,52,759 units recorded in the same period of the previous year

Positive consumer sentiments drive automobile dispatches in 2024: SIAM

According to SIAM, total wholesales across categories increased to 2,54,98,763 units in 2024 against 2,28,39,130 units in 2023, a growth of 11.6 percent

Passenger vehicle sales accelerate 4% to 3.5 lakh units in Nov

Industry players reckon that the yearly growth in the domestic PV market was largely on the back of wedding season demand, continued rural traction and strong offtake of SUVs

MC Explainer: Why Piyush Goyal told auto firms to prioritise volumes over margins

Per data provided by SIAM, the sales of small cars declined 15.5 percent to 66,000 units between April-September 2024.

Why sale of cheaper cars is on a downhill drive in India

The emergence of subcompact SUVs has shifted consumer preferences away from traditional hatchbacks primarily because of a heftier price tag for small cars

SIAM chief sees threat to auto sector from crude price uncertainties over Middle East crisis

According to the SIAM president, the rising fuel prices has more sensitivity in the commercial vehicle segment than on other segments such as cars, scooters and motorcycles

PV sales fall 1% in September due to high base effect, shows SIAM data

SIAM president Shailesh Chandra noted that the flat sales of passenger vehicles in the first half of 2024-25 came as a 'slight surprise' for the automobile industry, but it is expecting a rebound in the second half due to the festival season.

India to double vehicle scrapping centres, fitness test points, yet it needs more: Gadkari

Noting that the National Vehicle Scrappage Policy is a win-win for all stakeholders, the minister said that India can be a scrapping hub in South Asia as it will help automobile companies reduce their raw material costs and will help India reduce the import of steel.

Vehicle Scrapping Policy launched with manufacturer discounts

Commercial Vehicle and Passenger Vehicle manufacturers have shown a willingness to offer discounts for a limited period of two years and one year respectively, says Centre

PV sales rise 10% in July on new launches, enhanced discounts: FADA

Total passenger vehicle retail sales rose to 320,129 units in July, as compared to 290,564 units in July 2023.

Automobile sales continue to move upwards, jump 16.4% to 6.4 mn units in Q1: SIAM

Total automobile sales include 10,26,000 units of PVs, up by 3 percent from 9,96,565 units in Q1 FY24, as per the data shared by auto industry body

Auto sales stay flat at 18.95 lakh in June, passenger car retail melts in heatwave, polls: FADA

The auto retail body's president had flagged his concern about the rising inventory levels of cars, which have reached an all-time high – ranging from 62 to 67 days.

Minda Corp joins hands with Taiwan firm to locally produce sunroof for passenger vehicles

"This collaboration underscores our commitment to Atmanirbhar Bharat, as we strive to deliver comprehensive system solutions encompassing product design, development, and manufacturing for passenger vehicles," Minda Corporation Chairman & Group CEO Ashok Minda said in a statement.

Tata Motors' India business once a drag, now 50% of price target for FY26: Jefferies

The analysts noted that the stock is trading above its historical average multiple but added that they believe it was justified

Tata Motors sales up 2% at 76,766 units in May

The total domestic sales stood at 75,173 units last month against 73,448 units in the year-ago period, a growth of 2 per cent, Tata Motors said in a regulatory filing.

Tata Motors' arms partner with Bajaj Finance to provide financing to passenger, EV dealers

Tata Motors Passenger Vehicles (TMPV) and Tata Passenger Electric Mobility (TPEM), subsidiaries of Tata Motors, have joined hands with Bajaj Finance to extend supply chain finance solutions to its passenger and electric vehicle dealers, the company said in a statement.

Maruti Suzuki stock falls 2% as April sales disappoint Street

sports utility vehicles or SUVs like Brezza, Fronx, Grand Vitara, and Invicto sales jumped a healthy 54 percent in April.

PV sales in April rise marginally to 338,000 units, SUVs' share surges to 53.5%

The SUV segment continued to contribute a major chunk of volumes at 1,81,044 units, which is 53.5 percent of the total PVs sold in the domestic market in April

Maruti Suzuki earmarks Rs 10,000 crore capex for FY 2024-25

The carmaker, which had earmarked around Rs 6,800 crore in FY24, currently produces 2.35 million units per annum split across its manufacturing plants at Gurgaon and Manesar in Haryana and Hansalpur in Gujarat

High-margin UV sales power Maruti Suzuki’s FY24 topline & bottomline

During the April 2023 to March 2024 period, the share of UVs in the Maruti’s overall sales went up from 22.25 percent at 3,66,129 units to 36.5 percent 642,296 units.

Car sales in fast lane with 8.4% growth in FY24, riding on robust growth and chip supply

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.

Bridgestone India rolls out Turanza 6i tyres for domestic PV aftermarket

Initially catering to the Internal Combustion Engine (ICE) vehicles, the tyres will also be later customised for Battery-Electric Vehicles (BEVs)

PV retail sales in March decline by 6% YoY, but rise 8.45% in FY24: FADA

According to FADA President Harish Raj Singhania, factors such as improved vehicle availability, a compelling model mix and the launch of new models played pivotal roles

Passenger vehicles industry to grow up to nine per cent this fiscal: ICRA

The report said that dealer inventories remain high despite strong retail sales, and the pace of growth is expected to taper off in the coming financial year.