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.
passenger vehicles
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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.
Retail passenger vehicle sales up 26% in Nov; second-highest on festive boost
In November, Maruti Suzuki grabbed the largest market share of 41.01% in the passenger vehicle segment and sold 1,23,409 units.
FY23: Race for Record Auto Sales
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
PV industry volumes to reach 3.7 mn units in FY23: ICRA
The ratings agency says the demand for passenger vehicles has remained healthy since the beginning of the calendar year, led by strong demand and an easing up of semiconductor shortages.
Quarterly PV sales at record 1 million; India skews further to SUVs, MPVs
In the quarter, 517,898 units of utility vehicles were sold in the domestic market, whereas passenger cars did sales of 468,513 units.
PV sales surge 92% to 3.07 lakh units in Sept
Between the July and September quarter this year, the total production of passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and four-wheelers stood at 7,353,039 units.
Festive cheers for auto firms as Navratri sales up 15.6% over pre-Covid levels
PV sales record 58.66% growth over the pre-Covid period (Navratri'19) and 27.95% growth over the Navratri 2020 period.
