Passenger Vehicle

Highest ever passenger vehicle sales in a financial year

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

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

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

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 ...

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

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

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 ...

Firm kick-starts feasibility study on a pure electric model

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

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

Year-on-year dispatches to dealers (counted as sales) declined during most of FY22

Tata Motors on Saturday said it has increased prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs

Industry's shift to more expensive models and international chip shortage drag down volumes to a 7-year-low

The rooftop installation is collectively expected to generate 23 million units of electricity, mitigating 5.23 lakh tonne of carbon dioxide

While earnings estimates are cut, analysts hint at volume and margin recovery

Share of entry-level cars (up to Rs 5 lakh) declines to 4-year low; those above Rs 10 lakh gain

It had first grabbed the pole position in the SUV segment in October 2021 after the launch of the Punch, a sub-compact SUV offering

Equity value of India business comprised of commercial and passenger vehicles now accounts for over half the value in SOTP calculations as compared to 0-30% two years ago

According to the FADA data, if the overall sales figure is compared with the January 2020 figure, when automobile companies sold 1.76 million units, the decline is over 18 per cent.