Page 4 - Passenger Vehicle Sales

Passenger vehicle wholesales jump 45% to 264,000 units in July, says Siam

Though there was a recovery in the passenger vehicles segment sales

Passenger vehicle sales in India rise 45% in July to 264,000 units: SIAM

Passenger vehicle wholesales in India increased by 45 per cent to 2,64,442 units in July against 1,82,779 units in the same month last year, auto industry body SIAM said on Thursday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches from the OEMs to dealerships declined by 2 per cent to 12,53,937 units in July, compared to 12,81,354 units in the year-ago period. Motorcycle sales were at 8,37,096 units last month as against 8,88,520 units in July 2020, down 6 per cent. Scooter sales increased 10 per cent to 3,66,292 units from 3,34,288 units. Similarly, three-wheeler sales surged 41 per cent to 17,888 units last month as against 12,728 units a year ago. The total sales across categories, excluding commercial vehicles, stood at 15,36,269 units compared to 14,76,861 units in July last year.

Tata Motors increases passenger vehicle prices by 0.8% effective Aug 3

Tata Motors on Monday said it has increased prices of its passenger vehicles by 0.8 per cent with effect from August 3. The Mumbai-based auto major, which sells models like Nexon and Harrier, will increase prices of its passenger vehicles on an average of 0.8 per cent depending on the variant and model, Tata Motors said in a statement. The company noted that it would offer protection from the price increase to vehicles that will be retailed on or before August 31. For the well-being of its business and supporting ecosystem, the company had recently announced that it has set in motion a comprehensive Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers. Last week, the automaker had noted that it is looking to increase prices of its entire range of passenger vehicles to offset the steep rise in procurement cost of essential materials like steel and precious metals. Tata Motors President Passenger Vehicles Business Unit (PVBU) Shailesh Cha

Passenger vehicle sales dip 66% in May amid Covid disruptions: SIAM

Sales fell to 88,045 units

Passenger vehicle sales dip 10% in April due to Covid led restrictions

Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year, auto industry body SIAM said on Wednesday

India auto sales down 13%, industry retreats by six years in pandemic

Companies sold a total of 18,615,588 of automobiles in FY21, lowest since FY15: Association.

Vehicle registration fall 28.64% YoY in March despite low base: FADA

Dealer body warns of catastrophic impact of Maharashtra lockdown on sales

M&M reports sale of 40,403 units in March, exports stand at 2,126 units

Mahindra & Mahindra (M&M) on Thursday said it has sold a total of 40,403 units in March. The company had dispatched 6,679 units in March 2020 amid sales disruptions due to COVID-19 pandemic. The Mumbai-based automaker sold 16,700 passenger vehicles last month in the domestic market. It had dispatched 3,383 units in March 2020. It sold 21,577 commercial vehicles in the domestic market last month. The company had dispatched just 2,742 units in March 2020 due to coronavirus-led lockdown. "At Mahindra we are witnessing very good momentum in demand and have a strong pipeline of bookings across our SUV range of Bolero, Scorpio, XUV300, All-New Thar and also the Bolero Pik-up," M&M Automotive Division CEO Veejay Nakra said in a statement. In fact Bolero volumes for March have been the highest in this financial year and despite supply constraints the company has been able to ramp up production of Bolero Pik-up significantly during the month, he added. "We expect supply challenges .

Tata Motors reports sale of 66,609 units in domestic market in March

Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020

Passenger vehicle sales in India up 18% in February, shows SIAM data

Passenger vehicle sales in India increased 17.92 per cent to 2,81,380 units in February as compared with same month last year, auto industry body SIAM said on Wednesday. Passenger vehicle wholesales in February last year stood at 2,38,622 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 10.2 per cent to 14,26,865 units, compared to 12,94,787 units in February 2020. Motorcycle sales during the last month increased 11.47 per cent to 9,10,323 units as against 8,16,679 in February 2020. Scooter sales were also up 10.9 per cent at 4,64,744 units from 4,22,168 units a year ago. Three-wheeler sales, however, declined by 33.82 per cent to 27,331 units as compared with 41,300 units in February last year. Vehicle sales across categories rose by 10.21 per cent to 17,35,584 units last month as against 15,74,764 units in the year-ago period. Commenting on the sales data, SIAM Director General Rajesh Menon said

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Passenger vehicle sales in India up 11% to 2,76,554 units in January: SIAM

As per the latest data by Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches to dealers also rose 6.63 per cent to 14,29,928 units, compared to 13,41,005 units in January 2020

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Passenger vehicle retail sales increase 24 pc in December: FADA

Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 271,249 units

Auto sales take fast lane in Dec; carmakers see double-digit rise in sales

The country's largest passenger vehicle manufacturer sold 124,375 units in the year-ago period.

Automakers see double-digit growth as robust demand lifts PV sales in Dec

Leading automakers Maruti Suzuki, Hyundai, Tata Motors, and Toyota witnessed double-digit growth in wholesale despatches in December as pent up demand led to robust passenger vehicle offtakes. Mahindra & Mahindra (M&M) and Honda Cars also reported increased sales in the domestic market last month. The country's largest carmaker Maruti Suzuki India (MSI) reported 17.8 per cent increase in sales in December at 1,46,480 units as against 1,24,375 units in December 2019. The sale of mini cars, comprising Alto and S-Presso, increased by 4.4 per cent to 24,927 units as compared to 23,883 in the same month last year. Similarly, sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, rose by 18.2 per cent to 77,641 units as against 65,673 cars in December last year. Utility vehicle sales, including Vitara Brezza, S-Cross, and Ertiga, also rose 8 per cent to 25,701 units compared to 23,808 units in the year-ago month, MSI said. Similarly, Hyundai ...

Price hikes to dampen recovery prospects for Indian automakers: Fitch

Hikes come at a time when boost in some categories from pent-up demand and festive spending fades, and the economic impact from the pandemic reasserts itself, rating agency says

Festive demand lifts Nov domestic passenger vehicle sales by nearly 5%: SIAM

India's passenger vehicle sales posted a 4.6 per cent rise in November as the festive season saw a pick up in demand, industry body SIAM said on Friday as it corrected its earlier projection of a shar

Demand, dip in market share, profit margin weigh on Maruti Suzuki

Valuations factor in the volume rebound, leaving little upside from the current levels

Passenger vehicle retail sales rise 4% in Nov aided by festive demand: FADA

Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations