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Passenger vehicles sales remain muted in May, two wheelers up 2.2% YoY

Economic Times

Economic Times · 1m ago

Passenger vehicles sales remain muted in May, two wheelers up 2.2% YoY

Auto sales in India grew 1.5% year-on-year, with two-wheelers up 2%. Passenger vehicle sales fell slightly by 0.8% to 344,656 units, pressured by weak car demand despite a 7.6% rise in utility vehicles. Manufacturers curtailed shipments due to declining demand, especially for entry-level and compact cars. Two-wheelers increased, led by scooter sales growing 7.1%. Overall, vehicle exports rose by 22.8%. The industry remains cautiously optimistic, supported by expected normal monsoons and upcoming launches.

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Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

Thehindubusinessline

Thehindubusinessline · 1y ago

Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

According to the Federation of Automobile Dealers Associations (FADA), Ola Electric and Tata Motors are leading the market in retail sales of electric two-wheelers (e2W) and passenger vehicles (PV) respectively. Ola Electric sold 32,252 e2W units in January, while Tata Motors sold 5,591 EV units. TVS Motor and Bajaj Auto were also significant players in the e2W segment. The total retail sales of e2W grew by 26.14% YoY. In the luxury car segment, BMW India and Mercedes-Benz India were the top performers. The electric three-wheeler segment saw a YoY growth of 54.45%.

EV sales in India rise 28.6% to 1,80,238 in June: FADA

Economic Times

Economic Times · 1m ago

EV sales in India rise 28.6% to 1,80,238 in June: FADA

Electric vehicle sales in India increased by 28.6% in June, reaching 180,238 units, driven by a significant rise in electric passenger vehicles, according to the Federation of Automobile Dealers' Association. Electric passenger vehicle sales saw a 79.95% year-on-year increase. Electric two-wheelers also grew by 31.69%, while electric commercial vehicle sales more than doubled. This growth is attributed to the PM e-Drive Scheme's initiatives to enhance accessibility and affordability for electric vehicles, encouraging widespread consumer adoption.

Strong sales growth for Mahindra & Mahindra, TVS Motor Company: A positive sign for the Indian automotive industry | Mint

Livemint

Livemint · 11m ago

Strong sales growth for Mahindra & Mahindra, TVS Motor Company: A positive sign for the Indian automotive industry | Mint

Indian automotive companies Mahindra & Mahindra and TVS Motor Company have reported impressive sales growth in August 2024. Mahindra saw a 9% increase in total sales, with significant growth in passenger vehicles, two-wheelers, and exports. TVS Motor Company's total sales grew by 13%, driven by a rise in two-wheeler sales and international business. Both companies continue to strengthen their positions in the competitive automotive market through innovative offerings and customer satisfaction.

Auto sales up 6.6 pc in January, dealers have mixed expectations for coming months: FADA

Livemint

Livemint · 6m ago

Auto sales up 6.6 pc in January, dealers have mixed expectations for coming months: FADA

The Indian automobile retail sector experienced a 6.6% year-on-year sales increase in January 2025, according to the Federation of Automobile Dealers Associations (FADA). Despite the positive start, dealers have mixed expectations for the future: 46% anticipate growth, 43% expect steady sales, and 11% foresee a decline. January saw growth across all vehicle categories, with notable increases in passenger vehicles and two-wheelers. Challenges include rural liquidity issues, interest rates, and market uncertainty.

India's vehicle sales climb 19% in festive season

Reuters · 1y ago

India's vehicle sales climb 19% in festive season

Vehicle sales in India saw a 19% increase during the festive season, primarily driven by strong demand for two-wheelers in rural areas, according to the Federation of Automobile Dealers Associations (FADA). Two-wheeler sales surged by 21% to reach 2.9 million units, with record-breaking sales reported in various categories. Three-wheelers sales rose by 41% and passenger vehicle sales climbed around 10%. Tractor sales also recovered after a decline and ended the festive period with only a 0.5% decrease. SUVs were in high demand, but caution remains around PV inventories.

Tata Partners Shell India To Set Up EV Charging Stations Across India

Inc42 · 1y ago

Tata Partners Shell India To Set Up EV Charging Stations Across India

Tata Passenger Electric Mobility (TPEM) has partnered with Shell India to install public electric vehicle (EV) charging stations across India. Leveraging Shell's extensive fuel station network and TPEM's insights from over 140,000 Tata EVs on Indian roads, the collaboration aims to provide convenient charging options for Tata EV owners. The companies are also considering implementing seamless payment systems and loyalty programs. This collaboration comes at a time when EV sales are increasing in India, with electric two-wheelers leading the adoption. TPEM currently holds a 71% market share in electric passenger vehicles in the country.

Maruti Suzuki shares cross Rs 12,000 mark; CLSA expects carmaker to maintain top position in CNG space

Money Control

Money Control · 1y ago

Maruti Suzuki shares cross Rs 12,000 mark; CLSA expects carmaker to maintain top position in CNG space

Maruti Suzuki, India's largest carmaker, reported a net profit of Rs 3,130 crore in Q3FY24, a 33% YoY increase. The company sold a total of 4,65,911 vehicles during the same period, up 8.2% YoY. Domestic sales accounted for 4,03,929 units, while exports reached 61,982 units. Maruti Suzuki's stock price crossed the Rs 12,000 mark, trading at Rs 11,992.50, a 3.41% increase. With the rise in CNG passenger vehicles, the company is expected to maintain its lead in the segment.

Bajaj Auto share price zooms 2.3% to 52-week high after robust August Auto sales

Money Control

Money Control · 11m ago

Bajaj Auto share price zooms 2.3% to 52-week high after robust August Auto sales

Bajaj Auto's share price soared to a new 52-week high following strong August 2024 auto sales figures. The company reported a 16% increase in sales of two-wheelers and commercial vehicles compared to the previous year, with a total of 397,804 units sold. In the two-wheelers category, sales rose by 18% to 335,178 units, while commercial vehicles sales increased by 11% to 62,626 units. Bajaj Auto also achieved an 18% rise in its Q1 FY25 consolidated net profit.

Tata Motors total sales marginally down at 82,682 units in Oct

Money Control

Money Control · 9m ago

Tata Motors total sales marginally down at 82,682 units in Oct

Tata Motors reported a slight decline in their domestic and international sales for October. Total domestic sales were marginally up, while overall passenger vehicle sales, including electric vehicles, were slightly down compared to the same period last year. Domestic passenger vehicle sales also saw a decline. Commercial vehicle sales for the company also decreased compared to October 2022.

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

OutlookIndia

OutlookIndia · 2m ago

Tata Motors Shares Play Red Light-Green Light After April Domestic Sales Fell 7%

Tata Motors reported a 7% decline in overall domestic sales in April, selling 72,753 vehicles compared to 77,521 the previous year. Both commercial and passenger vehicle sales fell, with commercial vehicle sales dropping by 8% and passenger vehicles by 5%. Notably, the electric passenger vehicle sales witnessed a significant 16% decline. Despite initial stock drops, Tata Motors shares rebounded slightly. Meanwhile, competitor Maruti Suzuki recorded a 7% sales growth, including exports.

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