Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.
Sanjeev Kumar, president - MHCV, Ashok Leyland, said that the first quarter sales growth is currently around 8 per cent, driven by demand for buses
Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock
Analysts at Anand Rathi expect passenger vehicle (PV) volumes to have grown, driven by better retail sales and inventory build-up
The overall sales were seen at 6.19 million during the quarter under review, compared to 5.66 million during the first quarter of 2023-24
The decrease in participation in the scheme has led to low sales numbers for the EV industry, which had been experiencing sustained growth since the launch of FAME in 2015
Inventory levels in passenger vehicles reach record high, ranging from 62 to 67 days
The question is whether the two wheeler market will cross the one million registration mark which eluded the industry in the last financial year
Raghunandhan NL, director at Nuvama, predicts a 13 per cent overall volume growth for M&M's automotive sector (including PVs, commercial vehicles, and three-wheelers), reaching 70,500 units
May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.
Analysts anticipate robust results for Tata Motors, propelled by the advantages of operating leverage, favourable commodity trends and strong volume growth across its various segments
Analysts say concerns around how a new government's financial policies could affect peoples' income, and could discourage consumers from buying vehicles
This year, the growth is anticipated to be modest, likely in the single digits
TVS Motor's domestic sales jumped by 21.52 per cent Y-o-Y to 3.15 million units in FY24
The e2W category contributed around 60 per cent in the overall EV sales
The company reported a healthy 24 per cent YoY growth in total auto sales at 72,923 vehicles for the month of February 2024.
Concerns persist regarding PV inventory levels, which are now within the 50-55 day range
The leading Chinese EV company has posted two years of million-car growth in sales
He was addressing the Bharat Mobility Global Expo at the Bharat Mandapam, in New Delhi on Friday. According to him, 10 years ago, around 2,000 electric vehicles were being sold
The preceding peak occurred in October 2023, with domestic sales by automakers reaching 391,811 units in India during the festive period