june auto sales: India’s auto retail sales register 0.73% annual growth in June on the back of prolonged heatwave

India recorded just 0.73 per cent annual growth in its auto retail sales in the month of June, owing to the delayed monsoon in certain parts of the country, the Federation of Automobile Dealers Associations (FADA) said on Friday. While the two wheeler (2W) and three-wheeler (3W) segments saw a positive year-on-year (YoY) growth of … Read more

Car sales lose pace in June, SUVs stay in front

Passenger vehicle sales in India stayed in the slow lane for the third straight month in June mainly due to a high base and easing of post-pandemic pent-up demand. June sales rose 3.7% from a year earlier but fell marginally from May. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last … Read more

Passenger vehicle sales to see 3-5 pc growth this fiscal: Report

MUMBAI: Passenger vehicle sales are projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday. According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent … Read more

PV sales up in low-digits as growth pace moderated in May: SIAM

Passenger vehicle dispatches went up in low single-digits, on a high base, last month as the growth pace moderated after three years of runaway wholesales and amid a built up of stocks in the channel.According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 347,492 cars, sedans and utility … Read more

PV sales: Domestic passenger vehicle sales up 4% in May at 3,47,492 units: SIAM

Passenger vehicle wholesales in India increased 4 per cent year-on-year in May to 3,47,492 units, as compared to the same month last year, industry body SIAM said on Tuesday. Overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,34,537 units in May 2023. “Passenger vehicles have only witnessed a moderate growth, primarily owing … Read more

Maruti Suzuki: Maruti bets on new-gen models to race past industry growth

Maruti Suzuki India is aiming to outpace the domestic industry this fiscal by selling about 2 million vehicles, marking an 8.1% increase, according to a plan shared with the automaker’s suppliers at a two-day vendor meet in Antalya, Turkey that began on Monday. Maruti’s targeted growth is 350-500 basis points higher than the auto industry … Read more

passenger vehicle sales: Domestic passenger vehicle sales rise 11 pc in February: SIAM

Passenger vehicle wholesales in India rose 11 per cent year-on-year in February, as sports utility vehicles continued to steer demand in the market, industry body SIAM said on Tuesday. The total passenger vehicle dispatches to dealers last month stood at 3,70,786 units, as compared to 3,34,790 units in the year-ago period. “Passenger vehicles again reported … Read more

auto loan rates: Upbeat on demand, car cos revise forecast upwards again

The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by better-than-expected economic … Read more

Carmakers raise FY24 sales growth projection to 8.2%

New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by … Read more

Passenger vehicles stay ahead of the curve for 2nd month in calendar year

Passenger vehicle makers in February are estimated to dispatch 360,000 units to their dealers, the highest ever for February in any year. Sustained demand, coupled with new model launches, is likely to notch up sales by 8% year-on-year, as per industry estimates. It would be the first time in seven years when February will see … Read more