Sales grew 11.4% in December as several OEMs continued with their festive discounts
Sales of two wheelers dipped by 18 per cent, passenger vehicles by 2 per cent and commercial vehicles (CV) by 5.2 per cent
Annual PV sales growth stands at about 4.7 per cent
Ertiga was the two millionth vehicle to be rolled out from the production line while the Baleno, Fronx, WagonR, Ertiga and Brezza were the top five manufactured vehicles during the calendar year 2024
Starting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don't buckle up. The National Highway Traffic Safety Administration said Monday that it finalised the rule, which also requires enhanced warnings when front seat belts aren't fastened. The agency estimates that the new rule will save 50 lives per year and prevent 500 injuries when fully in effect, according to a statement. The new rule will apply to passenger cars, trucks, buses except for school buses, and multipurpose vehicles weighing up to 10,000 pounds. Before the rule, seat belt warnings were required only for the driver's seat. Under the new rule, outboard front-seat passengers also must get a warning if they don't fasten their belts. Front-centre seats will not get a warning because NHTSA found that it wouldn't be cost effective. The agency said most vehicles already have warnings for the outboard passenger seats. The rule also lengthens the duration o
Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 units to its dealers last month, an increase of 5 per cent as compared with 1,34,158 units in November last year. Hyundai Motor India dispatches declined to 48,246 units last month as against 49,451 units in the year-ago period. Mahindra & Mahindra sales stood at 46,222 units last month as compared with 39,981 units in November last year, a growth of 16 per cent Two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units last month as compared with 16,23,399 units in the same month last year. Scooter sales rose 12 per cent year on year to 5,68,580 units last month while bike dispatches fell 7.5 per .
Tata Motors and Kia India on Monday announced plans to hike vehicle prices from January to offset the impact of rising input costs. Tata Motors said it will hike the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. The price hike is being undertaken to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement. "Effective January 2025, the price increase will vary depending on model and variant," it added. Tata Motors sells a range of passenger vehicle models ranging from Tiago hatchback to SUVs Harrier and Safari. Kia India, which sells models like Seltos and Sonet, said it will increase prices of its entire model range by 2 per cent from January. The price hike, effective from January 1, 2025, is primarily due to rising commodity prices and escalating supply chain-related costs, the automaker said in a statement. Kia India Senior Vice President Sales and Marketing -
On the bourses, M&M has gained about 6% over the past month, while Uno Minda has surged more than 6%. On the flipside, TVS Motor dropped over 1%. In comparison, BSE Auto index declined nearly 2.5%
Rating agency Icra on Monday revised downwards the outlook for passenger vehicle factory dispatches to showrooms in the current fiscal on acccount of high inventory levels. Despite good retail sales, a year-on-year growth of 6 per cent in April-October FY2025 partially on account of an early festive season, the high inventory levels for the industry curtailed wholesale volume growth, as per a report on the domestic automotive industry by the domestic ratings agency. "ICRA has thus revised the outlook for the wholesale volume growth for the industry in FY2025 downwards to 0-2 per cent," it added. The rating agency had earlier pegged PV wholesale growth at 3-6 per cent for 2024-25 fiscal. Retail sales of passenger vehicles during the festive season grew at a moderate pace of 6 per cent year-on-year to 6.5 lakh units, aided by attractive discounts and competitive financing rates. ICRA also revised the outlook for the wholesale volume growth for the industry to 11-14 per cent in FY202
Hyundai Motor India Ltd (HMIL) on Friday reported a 2 per cent increase in total sales at 70,078 units in October as compared to 68,728 units in the same month last year. Domestic sales were up marginally at 55,568 units last month as compared to 55,128 units in October 2023, the newly listed firm said in a regulatory filing. Exports were up 6.7 per cent at 14,510 units as compared to 13,600 units in the year-ago month, it added. "We witnessed a strong demand for our SUV portfolio during festive period, leading to our highest-ever monthly SUV sales at 37,902 units, including the highest-ever monthly domestic sales of the Hyundai CRETA at 17,497 units," HMIL Chief Operating Officer, Tarun Garg said. SUVs remain a cornerstone of the company's lineup, representing 68.2 per cent of the total monthly sales in October 2024, with similar penetration in urban as well as rural markets, he added.
May and June affected us badly, says Shailesh Chandra
Fada, however, said that the near-term outlook for automobile retail is cautiously optimistic as both Navratri and Diwali fall in the same month, creating strong expectations for a surge in sales
Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September. The two-wheeler major had dispatched 5,36,499 units to dealers in September 2023. The company said its domestic sales rose to 6,16,706 units last month from 5,19,789 units in the year-ago period. Exports rose to 20,344 units last month compared to 16,710 units in the same month last year. "A positive sentiment is prevalent in the industry as it approaches the festive season on the back of a good monsoon," the company said in a statement. The company is geared up with a host of customer offers in line with previous festive periods across its wide portfolio, it added. The company said it has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festive season. The two-wheeler major expects healthy growth during the 32-day period starting from October 3, it noted.
Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent. Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in the year-ago period, it added. Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent. Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023. The total three-wheeler sales grew 8 per cent to 69,962 units last month against 64,944 units a year ago. "Looking ahead, as the country enters the festive seas
Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed
Dealers must stop taking in additional stock to protect their 'financial health', says FADA
Domestic car wholesales saw a decline for a second straight month in August
SIAM is set to discuss the alarming rise in PV inventory in its upcoming executive committee meeting
Pileup shoots to historic high, equating to Rs 73,000 cr worth of stock
A total of 4.2 million passenger vehicles were sold in India in the fiscal year ended in March, according to the Society of Indian Automobile Manufacturers