Explore Business Standard
Automobile Sales
Automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February amid declining demand, dealers' body FADA said on Thursday. Overall retail sales in the domestic market stood at 18,99,196 units last month, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period. "February witnessed a broad-based downturn across all categories," Federation of Automobile Dealers Associations (FADA) President C S Vigneshwar said in a statement. During the month, dealers began expressing concerns about inventory being pushed to them without their consent, he added. "While such initiatives may serve broader business objectives, it is critical to align wholesale allocations with genuine demand to protect dealer viability and ensure healthy inventory management," Vigneshwar stated. Passenger vehicle retail sales declined 10 per cent year-on-year to 3,03,398 units in February. "Dealers noted weak market sentim
Nissan Motor India on Monday reported a 44.76 per cent on-year rise in total sales at 8,567 units in February 2025, riding on exports. The company, which sold 5,918 units in February 2024, said all the powertrain options of its compact SUV Magnite are now E20-compatible with the Magnite BR10 naturally aspirated engine also becoming fully-compliant recently after the more powerful 1-litre HR10 turbocharged petrol engine, which became E20-compatible in August 2024. In February 2025, domestic sales accounted for 2,328 units, down from 2,755 units in the same month last year. Exports last month totalled 6,239 units, up 97 per cent year-on-year, compared to 3,163 export units in February 2024, Nissan Motor India said in a statement. The Magnite achieved 50,000 units of export sales since its launch, it added. "This achievement highlights the growing trust in Nissan's ability to deliver quality, innovation, and performance. Coupled with the New Nissan Magnite's full E20 compliance, our
India's share in the global mobility supply chains is increasing due to the sector's cost-competitiveness and focus on product quality, Commerce and Industry Minister Piyush Goyal said on Friday. Speaking at the Bharat Mobility Global Expo 2025 here, he said by the next year this expo will become the biggest auto show in the world and will emerge as the one-stop destination for the automobile sector for the world. At present, it is the second-largest automotive expo in the world. The expo, he said, will serve as a call to action for global partnerships, inviting international investors to tap into India's growing consumer base and business-friendly ecosystem. "Innovation and sustainability have become the focus of the mobility sector and India's share in the mobility global supply chains is also increasing. India's mobility sector is cost-competitive and is also focussing on product quality," he said. Goyal also said that electric vehicles are shaping the mobility sector and India
Automobile dispatches from companies to dealers rose 12 per cent last year compared to 2023 on the back of positive consumer sentiments which aided robust demand for two-wheelers, industry body SIAM said on Tuesday. Total wholesales across categories rose to 2,54,98,763 units in 2024 against 2,28,39,130 units in 2023, a growth of 11.6 per cent. "2024 has been reasonably good for the auto industry. Positive consumer sentiments and the country's macroeconomic stability helped in propelling reasonable growth for the sector across vehicle segments," Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement. Last year, the growth was primarily driven by the two-wheeler segment which grew by 14.5 per cent in 2024 over a year ago, he added. Dispatches of scooters, bikes and models rose by 14.5 per cent to 1,95,43,093 units in 2024 compared to 1,70,75,432 units a year ago, the statement said. Scooter sales rose 20 per cent year-on-year to 66,75,231 u
More than 40 new product launches are expected at the upcoming Auto Expo which will be held under the umbrella of Bharat Mobility Global Expo 2025 from January 17-22, a government official said on Tuesday. With visas continuing to be an issue, large scale participation of Chinese companies are unlikely although some of them are participating at the expo, Joint Secretary at Ministry of Commerce and Industry Vimal Anand said here at the sidelines of curtain raiser of 'Bharat Battery Show' which will also be a part of the Bharat Mobility Global Expo 2025. "Last year the mobility show was only held at Bharat Mandapam, but this year, we have multiplied it by three times and we are going to organise it at not only Bharat Mandapam, but also at Yashobhoomi (India International Convention Centre, Dwarka) and India Expo Centre & Mart, Greater Noida," he said. The auto show will be the main attraction, and along with automobiles other segments related to the sector, including battery show ...
Mobility solutions and financial services provider ORIX Corporation India Ltd expects automobile leasing market in India to account for 7-8 per cent of the overall vehicle sales in the next 5-7 years, up from about 2 per cent currently with more younger people joining the workforce, its Managing Director and CEO Vivek Wadhera. With good traction in its business, the company expects 30-35 per cent higher profit this fiscal year compared to the last year, Wadhera told PTI in an interaction. "If you compare the Indian market to the western market, the overall leasing market in India is 1-2 per cent of the total number of automobiles sold," he said when asked how the automobile leasing market has been developing in the country. In 2024, passenger vehicle sales in India stood at 43 lakh units as per industry estimates. In the western market such as the US, or even Japan or China, the same percentage is 30-40 per cent, he added. There many customers don't buy vehicles but "Indians still
Tesla's global sales rose 2.3 per cent in the fourth quarter after a sluggish start to the year that contributed the electric car company's first year-over-year sales decline since at least 2015. The annual decline for the Austin, Texas, company came despite offers such as 0 per cent financing, free charging and low-priced leases. Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1 per cent below 2023 sales of 1.81 million as overall demand for electric vehicles in the US and elsewhere slowed. The fourth-quarter boost came with a cost. Analysts polled by FactSet expected Tesla's average sales price to fall to just over USD 41,000 in the quarter, the lowest in at least four years. That doesn't bode well for Tesla's fourth-quarter earnings, which the company said it would announce on January 29. In 2022, Tesla predicted that its sales would grow 50 per cent most years, but the prediction ran into an