Historic November for auto sales in India: FADA
Passenger vehicles and two-wheelers set new all-time highs.
passenger vehicles
December 2023
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Tata Motors clocks ₹3,764 crore profit in Q2
Revenues of Tata Motors' subsidiary JLR improved by 30.4% to 6.9 billion pounds.
Geo-political situation, foreign exchange issues pull down auto exports by 6%: SIAM
Overall automobile exports declined by 6.02% YoY during the period under review.
PV wholesales up 9% to 3.59 lakh units in August: SIAM
In August, domestic utility vehicle sales stood at 1,20,031 units, declining by 10% against 1,33,477 units in the same period last year
July PV sales up 3% to 3 lakh; two-wheelers see 7.2% dip: SIAM
The two-wheeler sales, however, declined by 7.2% during the month under review to 16,08,414 units as against 17,70,676 units sold in the same period last year
PVs contributed 57% of auto sector's revenue in FY23: Primus Partners
Amongst passenger vehicles, the medium-sized SUV (sports utility vehicles) segment contributed 39% in value to ₹1.98 lakh crore with its market share growing from 10% in 2013 to 38% in 2023.
Passenger vehicle sales drop for first time in 8 months in April
Entry-level PVs have fewer buyers, suggesting that customers at the bottom of the pyramid are still hesitant to upgrade from two-wheelers to four-wheelers, says FADA.
Retail vehicle sales surge 16% YoY in Feb: FADA
The surge is boosted by the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio, and the wedding season, according to FADA.
Uno Minda says airbags localised, barring inflator; expects revenue bump
Uno Minda seeks to tap the A and B-segment passenger vehicles segment—where the transition is yet to take place, and where the company has a significant presence.
EVs to create $100 bn revenue opportunity for India: Bain & Company
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
