India’s automobile retails grew 13.8 per cent on an annual basis in July, data from auto body FADA showed on Monday. Almost all segments except tractors exhibited a double-digit growth even as passenger vehicles’ inventory levels rose to a historic high of 67-72 days. The lobby body noted that consumer sentiment remained low in some … Read more
New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba. The government should consider the overall perspective of vehicular emissions, reduction of import bill, sustainable local supply chain … Read more
New Delhi: Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ongoing marriage season. Retail sales of passenger … Read more
Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat and Tamil Nadu, according to Society of Indian Automobile Manufacturers. As per data from Society of Indian Automobile Manufacturers (SIAM), Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories. … Read more
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20 per cent growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday. It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors … Read more
Tata Motors has announced a price increase of 0.7 percent on average across its entire range of passenger vehicles, including electric vehicles (EVs). The hike, effective from February 1, 2024, aims to partially offset the growing input costs faced by the company.While the exact increases for each model haven’t been disclosed, Tata Motors indicates a … Read more
Indian auto maker Tata Motors on Sunday announced price hike across models including Electric Vehicles (EVs) effective from February 1, 2024. The company is set to increase prices by 0.7 per cent (on average) across its passenger vehicles portfolio to partially offset the rise in input costs. Notably, the Tata group company had announced a … Read more
India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023 buoyed by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates. More than 4.1 million cars, sedans and utility vehicles were sold in the domestic market last year, an 8.2% increase from the 3.79 … Read more
New Delhi: Sales of cars and utility vehicles posted strong growth last month, helping the 2023 volume to top 4 million units a year for the first time. As per industry estimates, about 4.1 million passenger vehicles were sold in the local market in the last calendar year, an increase of around 8.2% compared with … Read more
New Delhi: Maruti Suzuki India on Monday reported a 1.28 per cent decline in total sales at 1,37,551 units in December 2023. The company had posted total sales of 1,39,347 units in the same month a year ago. Total domestic sales, comprising passenger vehicles, commercial vehicles and third-party supplies, were at 1,10,667 units last month … Read more