Vehicle Sales

Ultraviolette may invest up to $100 mn in 4 yrs, eyes 100k annual sales

Premium electric two-wheeler maker Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. "We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to ..

Maruti Suzuki vehicle sales rise marginally to 199,400 units in February

Maruti Suzuki India on Saturday reported a marginal year-on-year increase in total sales at 1,99,400 units in February. The company sold a total of 1,97,471 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,60,791 units last month as compared with 1,60,271 units in the year-ago month, a marginal year-on-year growth, it added. Sales of mini segment cars, comprising Alto and S-Presso, declined to 10,226 units as against 14,782 units in same month last year. Sales of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, rose to 72,942 units as compared to 71,627 units in the year-ago month. Utility vehicles, consisting of Grand Vitara Brezza, Ertiga, XL6, Jimny clocked sales of 65,033 units last month as compared to 61,234 units earlier. Sales of van Eeco were at 11,493 units last month as against 12,147 units in February 2024, while that of light commercial vehicle Super Carry stood

Domestic passenger vehicle sales expected to grow 4-7% in FY26: Icra

Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7 per cent in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency Icra. As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9 per cent in FY26, following an estimated 11-14 per cent growth in FY25. Passenger vehicle (PV) industry volumes reached an all-time high of 4.2 million units in FY24. In year-to-date (YTD) FY25, wholesale volumes remained stable led by steady production by automobile manufacturers but the industry volume growth has been modest at about 2 per cent against the backdrop of waning replacement demand and high inventory levels, Icra said in a statement. Healthy retails have helped moderate dealer inventory holding in the past few months. Nonetheless the inventory continues to be moderately high, it added. "The industry's growth in FY2025 is expected at 0-2 per cent. Most of the demand drivers for th

Toyota Motor's vehicle sales increase 19% to 29,371 units in January

Toyota Kirloskar Motor on Saturday said its sales increased by 19 per cent year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year. The company sold 26,178 units in the domestic market and exported 3,193 units last month. The continued momentum underscores the company's sharp focus on customer centricity, enhancing customer access across the country and increased emphasis on innovative value-added solutions, Toyota Kirloskar Motor (TKM) said in a statement. "In 2025, our efforts are to further strengthen the company's foothold in India. We will continue to optimise customer centricity through value-added services and seamless after-sales support, all aimed at creating delightful experiences," TKM Vice President Sales-Service-Used Car Business & Profit Enhancement Varinder Wadhwa said. The automaker's product strategy will be driven by the deep philosophy of a multiple pathway approach that strives to offer something to everyone

M&M aims to sell 5,000 units of new electric vehicle models per month

Pricing the new variants aggressively at Rs 26.9 lakh (BE6) and Rs 30.5 lakh (XEV 9e), the company compared them with global EVs such as Tesla, BMW, and others

Royal Enfield reports 25% rise in total sales at 79,466 units in Dec 2024

Mid-size motorcycle maker Royal Enfield on Thursday reported a 25 per cent rise in total sales at 79,466 units in December 2024, as compared to 63,387 units sold in the same month a year ago. Domestic sales were at 67,891 units, as against 57,291 units in December 2023, up 19 per cent, Royal Enfield said in a statement. Similarly, exports jumped 90 per cent at 11,575 units last month, as compared to 6,096 units in December 2023. "As we gear up for 2025, we are looking forward to sustaining our growth momentum and continue inspiring our riding community across the globe with 'Pure Motorcycling' initiatives across the board," Royal Enfield CEO, B Govindarajan said.

Maharashtra sees 12.32% rise in new vehicle registrations in 2024

More than 28 lakh new vehicles were registered in Maharashtra in 2024, a 12.32 per cent increase from 25.63 lakh registrations in 2023, as per official data. Overall, 28.79 lakh vehicles were registered, including 20.50 lakh two-wheelers and around 4.50 lakh cars, a 12.32 per cent jump from 25.63 lakh vehicles registered in 2023. Other vehicles include more than 1.20 lakh trucks, over 9,800 public service buses, 87,300 three-wheelers, and 84,500 tractors. At 3.02 lakh, the highest number of vehicles were registered at the Pune RTO (Regional Transport Office), followed by 1.26 lakh at Thane RTO and 1.19 lakh at Pimpri-Chinchwad RTO. Pune RTO saw a 3.23 per cent rise in registrations compared to 2.92 lakh in 2023, while Thane and Pimpri-Chinchwad recorded an increase of 12.62 per cent and 7.77 per cent, respectively. Maharashtra Transport Commissioner Vivek Bhimanwar told PTI that they have to frequently open new vehicle registration series at Pune RTO due to high registrations. "A

High dispatches, low retail sales may up passenger vehicle inventory

According to data from the Society of Indian Automobile Manufacturers (Siam), 347,522 PV units were dispatched by original equipment manufacturers (OEMs) in November

Bajaj Auto posts 5% growth in total vehicle sales at 421,640 units in Nov

Bajaj Auto Ltd on Monday reported a 5 per cent on-year growth in total vehicle sales, including exports, at 4,21,640 units in November. The Pune-based automaker had sold 4,03,003 units in November 2023, according to a company statement. Total domestic sales (including commercial vehicles) declined 7 per cent at 2,40,854 units in the previous month, as compared to 2,57,744 units sold in the same month last year. Total exports during the month under review rose 24 per cent at 1,80,786 units, from 1,45,259 vehicles shipped out to overseas markets in November 2023, according to the statement. The total two-wheeler volume (domestic and exports) in November 2024 stood at 3,68,076 units, an increase of 5 cent over 3,49,048 units sold in the same month of last year, Bajaj Auto said. Domestic two-wheeler sales declined 7 per cent to 2,03,611 units, from 2,18,597 units in November 2023. The two-wheeler exports logged a 26 per cent year-on-year growth at 1,64,465 vehicles in November, as ..

Truck rentals ease after Diwali peak; vehicle sales improve: Report

Cooling likely to improve as country enters wedding season and infra projects pick up, it says

Tata Motors reports 11% decline in global wholesales to 304,189 units in Q2

Tata Motors on Tuesday reported an 11 per cent decline in group wholesales, including Jaguar Land Rover, at 3,04,189 units in the second quarter of the ongoing fiscal as compared to the same period last year. Global wholesales of Tata Motors passenger vehicles in Q2 FY25 were at 1,30,753 units, lower by 6 per cent as compared to Q2 FY24, the company said in a statement. Similarly, the global wholesales for Jaguar Land Rover were at 87,303 units, lower by 10 per cent as compared to Q2 FY24, it added. Jaguar's wholesales for the quarter were 5,961 vehicles, while Land Rover's wholesales for the quarter were 81,342 vehicles, the company said. Tata Motors said global wholesales of its all commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 units, lower by 19 per cent as compared to Q2 FY24.

Royal Enfield total sales increase 11% to 86,978 units in September

Motorcycle maker Royal Enfield on Wednesday said its total wholesales increased 11 per cent year-on-year to 86,978 units in September. The company had dispatched 78,580 units in September 2023. In the domestic market, dispatches increased 7 per cent year on year to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in a statement. Exports increased from 4,319 units in September last year to 7,652 units last month. "We have registered steady growth in the month of September owing to our recent launches. The 2024 Classic 350 has continued to solidify its iconic status and popularity among riders and has been performing well," Royal Enfield CEO B Govindarajan said. As the company continues to innovate and deliver pure motorcycling experience, the momentum will only accelerate, he added.

Commercial vehicle wholesale volume likely to grow up to 3% in FY25: ICRA

The commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year, rating agency Icra said in a report on Monday. Icra had earlier estimated 4-7 per cent decline in CV volume for FY25. The change in projection is due to better-than-expected volume growth in first four months of the current fiscal and expectations of a marginal uptick in demand in the second half of the year, Icra said in a statement. FY25 will be the second consecutive year of muted growth for the CV segment after a 1 per cent and 3 per cent year-on-year growth in wholesale and retail sales, respectively last fiscal, it added. The medium and heavy commercial vehicles (trucks) volume in FY25 is expected to grow 0-3 per cent YoY, given the high base effect and the impact of general elections on infrastructure activities in the first few months of the fiscal, Icra said. Domestic light commercial vehicles (trucks) wholesale volume is expected to show muted growth

Hero MotoCorp sales rise 5% to 512,360 units, decline for Hyundai in Aug

Hero MotoCorp on Sunday said its wholesales increased 5 per cent year-on-year to 5,12,360 units in August. The two-wheeler major had dispatched 4,88,717 units to dealers in August 2023. The company said its domestic sales increased to 4,92,263 units last month as compared to 4,72,947 units in the year-ago period. August sales were marginally impacted by supply shortages, which will be made up in September, it added. Exports rose to 20,097 units last month as compared to 15,770 units in August 2023. The company said it is geared to ramp-up for the upcoming festive season, where it expects a healthy growth. "With faster recovery expected in the rural segment, growth in the 125cc segment, new launches in scooters and strong investment behind power brands, the company expects to grow ahead of the industry," it added.

Demand for new vehicles up, as used car market see drop in prices: Report

Interestingly, this comes at a time when two-wheeler sales were seen increasing in new vehicles and the used vehicle category

Truckmaker Volvo beats profit expectations but says demand is easing

Volvo said profit margins were squeezed by lower sales volumes and increased investment in research and development

Car sales stay on growth track in H1 despite poll, heatwave roadblocks

Maruti Suzuki's domestic PV wholesales during the month increased by 3 per cent year-on-year to 137,160 units in June, compared to 133,027 units during the same month in 2023.

Audi India to hike prices by 2% starting June 2024 amid rising input costs

The recent financial year witnessed Audi India retail 7,027 units, marking an overall growth of 33 per cent

Renault India partners BLS E-Services for enhancing sales in rural market

Automaker Renault India on Tuesday said it has partnered with technology-enabled digital service provider BLS E-Services to enhance availability and accessibility of its vehicles in rural India. The two partners have signed a memorandum of understanding (MoU) for enhancing the reach of Renault's 2024 range of Kwid, Triber and Kiger in the rural market, the company said in a statement. Under the collaboration, Renault India will leverage BLS E-Services' widespread network of approximately 1 lakh touchpoints, along with 1,016 digital stores to drive awareness and facilitate sales of Renault cars in rural and semi-urban regions across the country, it added. "Rural India holds great potential for us, and through our collaboration with BLS E-Services, we aspire to deepen our presence in these markets by introducing our made-in-India, made for the world cars that are designed to cater the unique preferences of our customers," Renault India Vice President of Sales and Marketing Sudhir ...

'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'

Electric Vehicle (EV) sales in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 35 per cent with annual volumes likely to touch 27.2 million units by 2032, a report said on Friday. The report, 'India Electric Vehicle Market Overview 2023', by energy advisory, software and services firm, Customized Energy Solutions, also predicts a record-breaking sale of 1.7 million units in 2023. EV sale in India is projected to touch about 27.2 million units by 2032 and with a CAGR of 35 per cent from 2023-2032 under business-as-usual conditions, according to the report. The driving force behind this is a confluence of factors, including the availability of the FAME-II subsidy, which has proven to be a catalyst, with a substantial budget allocation of USD 1.2 billion assigned to subsidise various EV segments, it said. The central government's commitment to fostering an indigenous EV ecosystem is evident in the approval of a USD 3.5-billion Production-Linked Incentive (PLI) sch