Page 5 - Passenger Vehicles

Near-term worries likely to keep Maruti Suzuki's stock under strain

Market-share loss in SUVs, supply disruptions, and margin improvement may take time to repair

Tata Motors ties up with Bandhan Bank for passenger vehicle finance

Tata Motors on Wednesday said it has tied up with Bandhan Bank for retail finance for its range of passenger vehicles. As part of the tie-up, Bandhan Bank will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.5 per cent, the automaker said in a statement. The scheme will offer a maximum of 90 per cent financing on the total on-road cost of the vehicle, it added. Customers can also enjoy a benefit of special EMI options with a repayment tenor of up to seven years and the bank has also designed certain exclusive features like zero charges on foreclosure and part payment, Tata Motors said. "This partnership is a part of our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India to make ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding to the celebrations of this festive season," Tata Motors Passenger Vehicle Business Unit Vice President (Sales, Marketing & ...

Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with 90% growth

Tata Motors: In advanced stages to raise $1 billion for EV biz - Report

Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.

Semiconductor shortage pulls down India's PV dispatches in Sept

The global semiconductor shortage hit passenger vehicle sales in September, with major manufacturers like Maruti Suzuki, Hyundai and Mahindra & Mahindra reporting a decline in sales on Friday. Kia India and Honda Cars also reported a dip in wholesales last month as compared with the year-ago period. Carmakers like Tata Motors, Toyota Kirloskar Motor, Nissan and Skoda, however, reported an increase in passenger vehicle dispatches last month despite supply chain issues. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated. Barring exports, the company reported a dip in all segments, including utility vehicles and compact hatchback dispatches in ...

Semiconductor shortage to further impact PV sales in Sep: Ind-Ra report

Semiconductor supply shortage is expected to further impact passenger vehicles (PVs) sale volumes in September.

High frequency indicators turn 'uneven' in Aug as unlock benefits taper

The performance of the high-frequency indicators in August 2021 was decidedly uneven, especially when compared to the pre-COVID levels

Amid pandemic blues, first time buyers make a comeback in the car market

A strong preference for personal mobility due to pandemic has prompted buyers who relied on shared mobility, public transport in pre-Covid years, to buy their own vehicles

Tech platforms to propel India car services, repair market to $25 bn

The share of the online segment is also expected to increase from 1 per cent in CY20 to 15 per cent by CY30

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

Though there was a recovery in the passenger vehicles segment sales

Maruti Suzuki sales at lowest in 6 years amid Covid-induced slowdown

The carmaker's production declined for the third consecutive year in financial year 2020-21 to an 11-year low

Strong tractor and UV sales drive up M&M's Q1 net 23-fold

Earnings, however, aren't strictly comparable due to last year's low base. Businesses had come to a halt in the June quarter of 2020 due to Covid-19-induced national lockdown

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

Demand revival puts auto sales in top gear, Maruti posts 50% growth

Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year

EVs to account for 25% of Tata Motors' PV sales: N Chandrasekaran

At present, EVs account for 2 per cent of the company's passenger vehicle (PV) sales

Covid impact on ambulance sales: Data & surprising takeaways

Car sales double to over 200,000 in June, says automobile body Siam

Three-wheeler sales de­c­lined to 9,397 units last month as against 10,300 units in the same period last year

Flex-fuel engines: Roadmap, benefits and challenges for Indian auto sector

What are flexible fuel vehicles or FFVs? What is the benefit of using such vehicle? To know this and more, listen to the podcast

PV recovery, EV potential likely to drive Minda Industries' growth

An engine agnostic portfolio also reduces the EV transition risk

Icra downgrades growth peg of various auto segments due to second wave

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands