Page 2 - Passenger Vehicle

Automobile dealers flag 'distress' if Diwali sales fail to dazzle

The country's largest passenger car maker Maruti Suzuki India (MSIL) agreed that inventory levels are inching up in some models

Oct auto retail sales dip 8% due to Shraddh period; Navratri sales up 18%

Navratri of 2023 marked a milestone, with retail sales soaring by 18 per cent year-over-year, surpassing the figures of Navratri 2017

Festival season momentum lights up domestic PV sales, GST collection

PV sales climb new peak for 3rd straight month; GST mop-up at Rs 1.72 trn

60-day PV stock not a worry ahead of 'bumper' festival season: Fada

FADA calculates the festival season from the first day of Navratri to 15 days after Dhanteras

Riding on fresh demand, Hyundai Motor sees around 9% growth in FY24

Between January to December 2022, HMIL had sold 552,511 units, a 9 percent YoY growth

Passenger vehicle sales set to cross 1 mn mark in festive period this year

Domestic passenger vehicle sales are expected to cross 10 lakh mark in the festive period this year with demand remaining robust, especially for utility vehicles. The 68-day festive period this year falls between August 17 and November 14. Few days in between are not considered auspicious for buying. In an interaction with PTI, Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava said that usually the festive season sales account for around 22-26 per cent of the overall sales during a year. "With the overall passenger vehicle sales expected to be in the range of 40 lakh units this fiscal, the festive season is expected to witness sales of around 1 million units," he said. Srivastava said the industry has witnessed strong sales this year and the same is expected to continue in the coming months as well. "We have seen the best ever April, May, June and July in terms of sales this fiscal. July witnessed the second highest sales ever in a month at aro

Domestic PV sales see lukewarm growth of 1.9% due to strong base effect

Noting that the semiconductor chip supply was not up to the mark in the first quarter of 2023-24, Maruti Suzuki's official said that its availability is expected to be better in the second quarter

Trade deal with UK: India may give UK access to PV market, with riders

India has proposed a tariff rate quota (TRQ) that will impose a ceiling on the number of PVs (under 100,000 units) that will be allowed to be imported on a concessional tariff

Tata Motors joins rivals, will hike PV prices from May 1 by 0.6%

Company earlier raised prices of its commercial vehicles by 5% as auto industry transitions to new emission norms

Domestic passenger vehicle sales jump by 26.71% in FY23 to 3.889 million

Highest ever passenger vehicle sales in a financial year

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday

Results preview: 2W, PV auto firms to see muted sequential growth in Q3

Industry witnessed volume decline in the quarter owing to weak demand after the festive season, says one note

Rail passenger revenue zooms 76% YoY, speeds past pre-Covid levels

Unreserved tickets garner 422% more; bookings still 72% of pre-pandemic period

Passenger vehicle makers to invest Rs 65,000 crore by FY25: Report

Passenger vehicle makers are expected to invest around Rs 65,000 crore by FY25 to ramp up production capacities to cater to enhanced demand, rating agency Icra said on Monday. It stated that the demand for passenger vehicles has remained healthy since the turn of the calendar year, aided by strong underlying demand and an easing up of semiconductor shortages. The passenger vehicle industry wholesale volumes are expected to touch an all-time high of 3.7-3.8 million units in FY23, a growth of 21-24 per cent over the previous fiscal, driven by robust demand, it added. With ease in supply chain constraints and semiconductor shortage, capacity utilisation of the OEMs (Original Equipment Manufacturers) improved to healthy levels over the past few quarters -- factoring in a continuation of strong demand sentiments, the OEMs have now revved up their capacity expansion plans, Icra said. "With the OEMs also budgeting for a substantial outlay towards new product development, including the ...

Uber says autorickshaw service 'under cloud' in Bengaluru, blames price cap

Aggregators operating in city after High Court stays a state government ban on them providing autos

Registration of electric passenger, motor vehicles doubles this year

Driving growth is Tata Motors, with 25,795 registrations, against 10,200 last year

BYD eyes leadership position in Indian electric passenger vehicle market

Chinese electric carmaker BYD is eyeing a leadership position in the Indian electric passenger vehicle market as it looks to garner a market share of 40 per cent in the segment by 2030, a senior company official said on Tuesday. The company, which launched its second product, an electric sports utility vehicle 'ATTO 3' for the Indian market, is banking on its globally acclaimed prowess in new energy vehicle technology to achieve its goals. Currently, homegrown automaker Tata Motors leads the electric passenger vehicle segment. Rival Mahindra & Mahindra is also bullish on the segment with plans to roll out multiple models over the next few years. BYD India has commenced the bookings of the ATTO 3 with deliveries expected to begin from January next year. It however did not disclose the price of the model. The automaker, which competes with the likes of Tesla across global markets, already sells a multi purpose vehicle E6 in the country. With presence in over 70 countries, the ...

Honda Cars eyes comeback with a slew of new SUVs across multiple segments

Firm kick-starts feasibility study on a pure electric model

Healthy order book, launches to help Maruti take the growth wheel

Market share, margin recovery remain key triggers for the stock, say brokerages

July vehicle registrations fall 8% as rains, inflation hurt demand: FADA

Two-wheeler, tractor sales contract as people put off making expensive purchases before festival season in August