Page 7 - Passenger Vehicles

We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar

Tata Motors reaches milestone of producing 4 mn passenger vehicles

Automobile major Tata Motors has achieved the production milestone of 4 million passenger vehicles in India since its inception

India's passenger vehicles exports fall 58% in first half of FY21

Passenger car exports during the period under review stood at 1,00,529 units, down 64.93 per cent from 2,86,618 units in April-September, 2019-20

Festive stocking pushes up passenger vehicle sales in September

Vehicle manufacturers had increased inventory amid expectation that retail sales would pick up during festivals

Passenger vehicle sales rise 26% in Sept; up for 2nd straight month: SIAM

Scooter sales were also up marginally at 5,56,205 units from 5,55,754 units in the same month last year

Passenger vehicle industry's FY21 volumes expected to see 22-25% dip: ICRA

Passenger vehicle industry's FY21 volumes are expected to witness a 22-25% decline, ratings agency ICRA said on Wednesday

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Two-wheelers prove to be better bet for auto makers amid economic slowdown

Analysts attribute this to the slowdown in the job market, which has a bigger economic impact on urban India

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Skoda drives into pre-owned car market as demand for owned vehicles soars

The used car market in India has been growing at more than 1.5 times that of new cars

Penetration of EVs to remain low in medium-term in PVs, CVs: ICRA

ICRA said modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge

Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

Tata Motors bets on generation of free cash flow for debt reduction

JLR is seeing an additional boost from strong demand for the recently launched Evoque and Defender

Volume gains, recovery in PV segment could drive rerating of M&M stock

New product launches, better capital allocation and valuations are the other triggers

Tata Motors starts Q2 on strong note, riding on passenger vehicles sales

During the month, the Tata group flagship sold 18,580 units as compared to 7,316 units a year ago

Tata Motors domestic sales up 21.6% YoY in August to 35,420 units

This is the sharpest increase seen in the company's passenger vehicle sales in more than a year

Mahindra's auto dispatches decline 13% in August, tractors up 69%

Mahindra's passenger vehicle segment that includes the utility vehicles and passenger cars was a saving grace and helped offset some decline in the overall auto sales

Auto majors hold steady on EV plans as pandemic wrecks ICE market

Encouraged by demand pick-up in the past few months, most are going ahead with their planned investments and models

Commercial vehicle makers may incur Rs 6000 cr net loss this fiscal: Crisil

According to Crisil, the CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived

2021 will be make-or-break year for Volkswagen in India: Steffen Knapp

From the HQ, the clear message is that we have been affected by the Covid-19 situation and we posted our first-ever loss of almost a billion euros