Tata Motors is set to advance the annual maintenance shutdown of its passenger vehicle plants due to mounting stockpiles-equivalent to up to two months of sales-amid slowing sales across its petrol, CNG and electric cars, multiple people aware of the company’s plans said. This is to align production with demand and correct the stock before … Read more
Maruti Suzuki India on Tuesday reported a 2 per cent year-on-year increase in total sales at 1,84,727 units in September. The company had sold 1,81,343 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Total domestic passenger vehicle sales were at 1,44,962 units as compared to 1,50,812 units in … Read more
New Delhi: Tata Motors Ltd on Tuesday reported 15 per cent decline in total domestic sales at 69,694 units in September as compared to 82,023 units in the year-ago month. Total passenger vehicle (PV) sales in the domestic market, including electric vehicles, stood at 41,063 units last month as against 44,809 units in September 2023, … Read more
“Mutual fund figures for I think the last month are still to come out, but they should be healthy. So, there are flows into mutual funds, PMS, AIF, etc. So, I think that keeps the market buoyant. On the other hand, we are also seeing huge supply these days, like on a daily basis now … Read more
Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in the country for the month of August was 18,91,499, a down from 20,34,116 in July. … Read more
Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% … Read more
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New Delhi: The current GST rate structure of passenger vehicles in India is outdated and needs to be aligned with the new developments in the auto industry, according to JSW MG Motor India CEO Emeritus Rajeev Chaba.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
Mumbai: Wholesale volumes across various segments of the automobile industry in June 2024 are anticipated to reflect a subdued trend, primarily attributed to the absence of wedding dates, according to Anand Rathi report. Analysts project a mixed performance with two-wheeler (2W) volumes showing resilience, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to … Read more
Mumbai: Tata Motors expects the Indian passenger vehicles market to touch 60 lakh units annually by 2030 and the company is targeting to increase its share to 18-20 per cent by FY30 as it is gearing up to launch new models both in conventional engine and electric vehicles segment, a top company official said on … Read more
