Page 6 - Passenger Vehicles

Domestic passenger vehicle sales jump 3.1% as strong base effect continues

The highest ever sales by the Indian PV makers was in September last year at about 355,000 units

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Companies have demonstrated the sector's commitment to the country's green growth

Kia unveils new updated Seltos; eyes 10% market share in PV segment

Kia India on Tuesday unveiled the updated version of its mid-sized sports utility vehicle Seltos, as it aims to garner a 10 per cent market share in the domestic passenger vehicle (PV) segment. The automaker, which currently has a market share of around 7 per cent in the domestic market, also aims to double its existing sales network to 600 plus outlets from over 300. "Seltos is the product with which we entered India, and since then, the journey of Kia India and the Seltos has been almost identical. We have a segment disruptor and a segment winner in the new Seltos and are confident to take forward the strong legacy of the Brand Seltos to lead the premium RV market," Kia India Managing Director and CEO Tae-Jin Park said. This strategic launch is key to the company's ambitions of attaining a 10 per cent market share soon, he added. "We feel that there is a lot of growth potential in the mid-SUV segment, and the new Seltos will grow the premium end of it," Park noted. With the ...

Tata Motors to hike prices of PVs from July 17 to offset input costs

Tata Motors on Monday said it will hike prices of its passenger vehicles with effect from July 17. The company will increase prices of its passenger vehicles (including EVs) by an average of 0.6 per cent across models and variants, Tata Motors said in a statement. The price increase is to offset the residual impact of past input costs, it added. The auto major noted that it will offer price protection to bookings made up to July 16, 2023 and deliveries up to July 31, 2023. Tata Motors sells a range of passenger vehicles including Punch, Nexon and Harrier.

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India produces 27 mn vehicles, valued at $108-bn in FY23: Report

The Indian automobile industry produced a whopping 2.7 crore vehicles across segments and types, worth around USD 108-billion (Rs 8.7-lakh crore) in FY23, with passenger vehicle segment accounting for 57 per cent at Rs 5-lakh crore in the total value, a report said on Wednesday. Also, in the total 2.7 lakh crore vehicles churned out last fiscal, the commercial vehicle segment, which includes small 4-wheel carrier with less than 2-ton capacity to large tractor trailers and specialty vehicles like tippers, share stood at 10-lakh vehicles, generating a value of Rs 1.7-lakh crore, management consulting services firm Primus Partners said in its report. The CV segment accounted for 4 per cent in the total volume and 19 per cent in value terms, it said. According to Primus Partners, the production of two-wheelers is closely matched by China, with 20-million two-wheelers coming out of the manufacturing facilities in the country, accounting for 77 per cent of the volume share. The overall .

Better chip supply fuels passenger vehicle production by 16%: Siam

India's two-wheeler exports down 21% in the month

Car dealer inventories rise despite retail sales of PVs up 4% in May

FADA initiates talks with OEMs on recalibrating production plans

Auto cos post record sales for May amid better chip supply, high SUV demand

The domestic auto industry's bookings rose 10 per cent in May year-on-year, while the number of enquiries jumped 17 per cent in May year-on-year

Domestic PV sales expected to stay strong this fiscal: Tata Motors

Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to Tata Motors Passenger Vehicles Ltd. and Tata Passenger Electric Mobility Ltd. Managing Director Shailesh Chandra. The company, which sold around 50,000 units of electric passenger vehicles last year, is targeting to reach 1 lakh units this fiscal while it also targets deeper penetration of CNG with the launch of its Altroz iCNG premium hatchback. "So far the indicators are good in terms of demand sustaining at high levels, although the additional moves that we were getting from pent-up demand and low channel inventory that have subdued," Chandra told PTI here. He was responding to a query on the outlook of passenger vehicles sales in India in 2023-24. In the last five to six months, Chandra said two factors -- pent-up demand and low channel inventory, were really driving

PV dispatches highest ever in April, grow 13% YoY, shows SIAM data

2W dispatches up 15% YoY, auto body says all segments have posted growth this April, indicating smooth shift to BS VI Phase 2 emission norms

Passenger vehicle dispatches jumped 13% to 331,278 units in April: SIAM

Two-wheeler dispatches increased by 15% to 1,338,588 units in April

Connected vehicles market grew 60% in quarter ended March: CMR

The market for EVs in India grew 48% during the period

Domestic PV wholesales jump by 12.9% in April amid sturdy demand

Hyundai Motor domestic PV sales jumped by 13 per cent to 49,701 units

Tata Motors domestic sales fall 4% in April, passenger vehicle sales up 13%

The sales of commercial vehicles fell sharply by 27% to 22,492 units in April this year. It was 30,838 last year

Tata Motors to hike prices of its passenger vehicles next month

Tata Motors on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement. This will be the second price hike by the company for its PVs after it had increased in February. "Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes and rise in overall input costs and is hence compelled to pass on some proportion through this hike," it said. The company sells a range of passenger vehicles, including cars such as Tiago, Tigor and Altroz; and SUVs such as Punch, Nexon, Harrier and Safari, with prices ranging from Rs 5.54 lakh and Rs 25 lakh. Earlier in February this year, the company had increased prices across its internal combustion engine (ICE) portfolio of passenger vehicles at an average of 1.2 per cent.

Passenger vehicle sales up 26.7% in FY23 as chip shortages ease: SIAM

Buying ahead of implementation of new fuel emission norms, and strong demand during the festival season also drove sales towards the end of the year

Automobile retail sales up 14% in March; post 21% YoY growth in FY23

All vehicle categories, except tractors, post double-digit growth for March and the full financial year

Semiconductor chip shortage may derail automakers FY24 production plans

Growth in sales and production in FY23 had come with some easing in the chip-supply situation and pent-up demand

Street cheers auto volume data amid interest rate, chip crunch concerns

Rural consumption will be crucial in the near-term for two-wheelers, while tractor sales have been healthy due to higher crop prices and adequate water reservoir levels