Utility Vehicles

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.

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

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.

PV sales touch all-time high in Q2; UVs account for nearly 60% of volumes

Vinod Aggarwal, President of SIAM, said that sales of entry-level cars continued to skid due to the constant stress in the rural economy

Motilal Oswal upgrades M&M to buy, monsoon & rural big triggers

It says that that the worst is over for M&M not only in its core businesses of tractors and utility vehicles (UVs) but also in key subsidiaries. The brokerage firm hopes that after a four-year gap both the businesses tractors and UVs will deliver 14.5 percent volume CAGR over FY16-18.

Maruti, Hyundai, M&M domestic sales jump around 10% in May

Automobile majors Maruti Suzuki, Hyundai and Mahindra & Mahindra reported double digit growth in their passenger vehicles sales in May riding on new models and better consumer sentiments in expectations of a good monsoon

M&M to launch sports vehicle NuvoSport early April

NuvoSport is based on the same new generation platform as the Scorpio but sport a bold and aggressive styling, the company said, adding the new vehicle is targeted at those leading an active, outdoorsy lifestyle.

Don't see anything impacting profitability ahead: M&M

Mahindra and Mahindra reported stronger-than-expected numbers for the quarter. Pawan Goenka, executive director, M&M, spoke about the company's performance in the first quarter.

Expect passenger vehicle sales to grow 5-6% this year: ICRA

In an interview with CNBC-TV18's Anuj Singhal and Ekta Batra, Subrata Ray, Senior Vice President, Co-Head Corporate Sector Rating, ICRA, outlined trends the ratings firm has captured in its recent report on the auto sector.

TaMo young pros get investment advice from NSE Fin Wiz

Established in 1945, Tata Motors is India‘s largest automobile company with its presence in every nook and corner of the country. The company manufactures a vast range of automobile consisting of trucks, utility vehicles, buses and passenger cars.

Maruti production dips marginally in Sep to 92,140 units

The reduction in production in September was mainly on account of the company cutting output of utility vehicles, comprising Gypsy and Ertiga, which stood at 1,807 units as compared to 7,347 units a year earlier, down four-fold.

M&M to shut production for up to 6 days in coming months

M&M's announcement to observe no production days at its automotive plants comes on the back of sluggish demand for utility vehicles and pickup trucks.

Mahindra & Mahindra to cut output as SUV demand slows

The India's largest utility vehicle maker said that it will observe 'no production days' at its automotive plants for 1-8 days in July. Its subsidiary Mahindra Vehicle Manufacturers will also see no output for 8 days.

India Ratings cuts auto sector outlook

The Fitch Group company expects passenger vehicle production in India to rise to 65-67 lakh units by FY16, up 33-37 percent over FY13.

India Ratings revises auto sector outlook to down

India Ratings & Research (Ind-Ra) has revised its outlook for the automobile industry to stable to negative from stable. This is the first time in six years that the agency has revised its outlook for the sector.

Mahindra launches compact car Verito Vibe at Rs 5.63 lakh

The Verito Vibe will compete with the likes of Maruti Suzuki Swift, DZire and Honda Amaze. But apart from the Verito platform and the electric car E2O, the company has no plans to launch any other passenger car.

Mahindra & Mahindra beats street; Q4 net up 2% to Rs 889cr

Mahindra & Mahindra beat street on Thursday as fourth quarter net profit rose 2 percent year-on-year to Rs 889 crore and net sales were up 12 percent to Rs 10,353 crore.

Mahindra & Mahindra Q4 net seen at Rs 723cr; sales up 7%

Mahindra & Mahindra will report its Q4 results later on Thursday. Analysts expect net profit at Rs 723 crore, on revenue of Rs 9,990 crore, according to a CNBC-TV18 poll.

M&M market shr in UVs may dip; Kotak cuts growth forecast

Brokerage house Kotak Securities has trimmed its earnings estimates for Mahindra & Mahindra, while retaining its ‘add‘ rating on the stock, saying upcoming utility vehicle launches could eat into its market share.

Mahindra March total auto sales rise 11% to 51,904 units

Utility vehicle maker Mahindra & Mahindra's total automobile sales in March rose 11 percent year-on-year to 51,904 units.

Hike in excise duty could hurt UV sales, says M&M's Goenka

The 3 percent hike in excise duty hike on sports utility vehicles proposed in the Union Budget could hurt UV sales and lead to a possible shift in demand to other passenger vehicle segments, Pawan Goenka, president, automotive and farm equipment sector, Mahindra & Mahindra, said on Friday.

FY14 also likely to be difficult for auto industry: SIAM

Its been a dismal year for India's automobile industry, but their woes are likely to continue well into next year, feels industry body Society of Indian Auto Manufacturers.

Domestic passenger car sales plunge 26% in Feb: SIAM

There seems to be no end to the speed bumps encountered by passenger car makers in India. Domestic car sales in Feb plunged 26 percent year-on-year, the most in 12 years, according to data released by Society Indian Automobile Manufacturers (SIAM). Total passenger vehicle sales (cars + utility vehicles) last month declined 17 percent.

M&M Nashik plant workers end strike after co strikes deal

The tool down strike at Mahindra & Mahindra's automotive plant at Nashik in Maharashtra, which began on Tuesday, has ended, the utility vehicle maker said on Thursday.

Tata Motors to slash Indica, Indigo prices as sales plunge

Tata Motors is set to slash prices of its Indica hatchback and Indigo sedan as its battles falling sales in the domestic market.