Page 8 - Passenger Vehicles

Tata Motors mulling price hike for passenger vehicles from next month

Tata Motors is looking to increase passenger vehicle prices from next month in order to make its model range compliant with stricter emission norms which kick in from April 1 next year, according to a top company official. In an interaction with PTI, Tata Motors Managing Director - Passenger Vehicle and Electric Vehicles Shailesh Chandra said the price revision would also offset the impact of commodity prices, which have remained high for the most part of the year. "The regulatory change will have its impact on the cost. Even the real impact of softening of commodity prices is only going to come from next quarter and we still have the residual impact of the commodity escalation that we have seen during the year," Chandra said. He noted that even the battery prices have gone up and the same has not been passed on to the market. "So we are evaluating a price increase basis some of the residual effect that is left as far as the commodity prices are concerned. Battery prices and new ..

Nov car sales zoom to record high; Maruti, Hyundai post double-digit growth

Tata Motors saw its despatches jump 55 per cent to 46,425 units during the month

Mahindra & Mahindra posts 56% rise in domestic passenger vehicle sales

Mahindra & Mahindra on Thursday reported a 56 per cent rise in domestic passenger vehicles sales at 30,392 units in November 2022. The company had sold 19,458 units in the same month last year, M&M said in a regulatory filing. Utility vehicle sales were at 30,238 units as against 19,384 units in the year-ago month, up 56 per cent. Sales of cars and vans were higher at 154 units as compared to 74 units in the same month last year. M&M President, Automotive Division Veejay Nakra said the growth in November sales was on the back of robust demand across the company's product portfolio. "The supply chain situation continues to be dynamic due to continuing international disruptions. We are keeping a close watch and are taking appropriate steps," he added. M&M said its total commercial vehicle sales were at 19,591 units last month. Total tractor sales grew 10 per cent at 30,528 units as against 27,681 units in the year-ago month, the company added. Domestic tractor sales ...

Suzuki Motor sees Indian PV market at 7-8 mn by 2030, Maruti aims 50% share

Pre-Covid it had predicted that the market would reach 10 million

Passenger vehicle makers to spend Rs 65,000 cr on capacity expansion: Icra

Higher production is to cumulatively jack up overall capacity utilisation rate in PV industry to 74% by FY23-end from 59% in FY22

Domestic passenger vehicle sales likely to rise over 30% in Nov: Report

Domestic passenger vehicle sales are expected to rise over 30-per cent year-on-year in November, driven by large order book and higher vehicle production while the commercial vehicle segment sales volume could grow in double digits during the month, a report said on Friday. Tractors volumes, however, are likely to remain muted on inventory destocking with dealers, brokerage firm Emkay Global Financial Services said in a report. It also said that vehicle discounts have reduced on a sequential basis and remain significantly lower than the elevated levels seen in the past. Automobile makers in the country are set to publish vehicle sales data for November on December 1. The PV segment is likely to record higher volumes on account of the large order book while the CV and two-wheelers are likely to maintain their positive growth momentum in November, Emkay Global said. Projecting over 30 per cent growth for the passenger vehicle segment in the current month over the same month last ye

Passenger vehicle sales could hit over 3.8 mn units in FY23: Tata Motors MD

Passenger vehicle sales in India could hit a record of over 38 lakh units in FY23 but the strong growth momentum is not expected to carry over to 2023-24 with pent-up demand already been released, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. There could be a moderation on offtake of passenger vehicles (PVs) in the the third quarter of the ongoing fiscal and picking up again in the fourth quarter, but the growth rate in FY24 would also depend on the impact of new set of regulations such as BS VI phase II and new safety regulations kicking in next year, he told analysts. The first half of FY23 was very strong for the PV industry with "nearly 1.9 million vehicles", said Chandra who is also the Managing Director of Tata Passenger Electric Mobility Ltd. "Typically you would see a 48:52 kind of a ratio between H1 and H2. This time, you're going to see nearly 50:50 kind of a ratio. So, it's going to be a very strong year, highest-ever industry volume is .

Aided by festive demand, PV wholesales up 29% to 291,113 units in Oct: SIAM

Passenger vehicle wholesales in India rose 29 per cent to 2,91,113 units in October aided by robust demand in the festive season, the Society of Indian Automobile Manufacturers (SIAM) said on Friday. Total passenger vehicle dispatches from companies to dealers were 2,26,353 units in October 2021. Total two-wheeler dispatches last month increased 2 per cent to 15,77,694 units as compared to October 2021. "Good market sentiments coupled with festive boost, resulted in higher sales in October, especially for passenger vehicles," SIAM President Vinod Aggarwal said. Higher inflation and rising interest rates have impacted the rural market more, thereby returning marginal growth of the two-wheeler segment, he added. Three-wheeler wholesales last month rose to 54,154 units from 31,812 units in the year-ago period. Passenger three-wheelers are witnessing better offtake due to increased shared mobility in semi-urban and urban areas, Aggarwal said. Elaborating further on the sales last mon

Retail sales of electric vehicles soar 185% to 111,971 units in Oct: FADA

The overall retail sales of electric vehicles (EVs), including passenger vehicles, in the country surged nearly 185 per cent year-on-year to 1,11,971 units in October, automobile dealers' body FADA said on Wednesday. EV sales stood at 39,329 units in October 2021. The total passenger EV sales rose 178 per cent to 3,745 units in October 2022 as against 1,346 PEVs retailed in the same month a year ago. Electric commercial vehicle sales grew 125.64 per cent to 274 units, as per the data released by the Federation of Automobile Dealers Association of India (FADA). Electric two-wheeler sales in October 2022 stood at 73,169 units as compared to 19,826 units in the same month of 2021, registering a year-on-year growth of 269.06 per cent. Electric three-wheeler sales jumped 92.87 per cent to 34,793 units as against 18,040 units in October 2021.

Registration of electric passenger, motor vehicles doubles this year

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

Maruti Suzuki's Q2 suggests a big bounce for auto sector stocks

Revenue and net profit both were ahead of consensus estimates

OEMs to drive 16-18% rise in auto-parts MSME revenues: CRISIL SME Tracker

MSMEs in the automotive components sector should see higher growth as well, but will lag average industry revenue growth owing to lack of vertical integration.

Railways redesigning wagons, overhauling infra to transport more SUVs

Among cars, UVs have seen the highest growth during the past few years

India's passenger vehicle exports up 2% in Q2, Maruti Suzuki leads: SIAM

Passenger vehicle exports from India increased 2 per cent in the second quarter, with Maruti Suzuki India leading the segment with dispatches of over 1.31 lakh units, as per the latest data by Society of Indian Automobile Manufacturers. The total passenger vehicle (PV) exports stood at 1,60,590 units in the July-September period as compared with 1,57,551units in the same period a year ago. Passenger car shipments saw a 5 per cent dip at 97,300 units while utility vehicle exports rose 16 per cent at 63,016 units during the period under review, data by the Society of Indian Automobile Manufacturers (SIAM) showed. Export of vans declined to 274 units in the September quarter as compared with 297 units in the same period last fiscal year. Maruti Suzuki India (MSI) led the segment during the period, followed by Hyundai Motor India and Kia India at the second and third positions, respectively. MSI, the country's largest carmaker, exported 1,31,070 PVs in the period under review, as comp

Top headlines: Infy announces Rs 9.3k-cr share buyback; Sep PV sales up 92%

Business Standard brings you top news of the evening

Passenger vehicle wholesales surge 92% in Sep on robust festive demand

Riding on the back of strong festive season demand, passenger vehicle wholesales in India increased 92 per cent to 3,07,389 units last month, as compared to the same month last year, auto industry body Society of Indian Automobile Manufacturers said on Thursday. Passenger vehicle (PV) dispatches from factories to dealerships in September 2021 stood at 1,60,212 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose 13 per cent to 17,35,199 units, as compared to 15,37,604 vehicles in September 2021. Motorcycle sales rose 18 per cent to 11,14,667 units, as against 9,48,161 units in September 2021. Scooter sales were up 9 per cent to 5,72,919 units, from 5,27,779 vehicles a year ago. In the September quarter, PV sales increased by 38 per cent to 10,26,309 units, as against 7,41,442 units in the similar period of the last fiscal. Similarly, total two-wheeler sales rose 13 per cent to 46,73,931 units, as compared with 41,36,4

Auto sales up 57% during Navratri as all categories put up strong show

Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali

30% of two-wheelers will be electric by 2030 as adoption picks up: Study

FY22 will be 'year of inflection' for industry; clean energy mobility to help India reduce carbon emissions

Honda Cars' domestic PV sales jump 29% to 8,714 units in September

The company's product range includes Honda Jazz, Honda Amaze, Honda WR-V, Honda City and Honda City e:HEV

Pulling away: Richest 5 states get 38% of all cars in first half of FY23

India's post-pandemic recovery appears to be shaping up like the letter K, widening the inequality among states. Part 2 of the series examines consumption, represented by passenger vehicle sales