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.
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Passenger vehicle sales to grow 9-10% YoY to 50 lakh units by 2024: CRISIL
This will be approximately 20% above the pre-pandemic peak of 40.5 lakh units, which also will be the highest-ever sales achieved by domestic PV original equipment manufacturers (OEMs).
Auto sector recovery continues as Nov sees record sales
SIAM data shows auto companies sold 2,76,231 PV units in November 2022, a growth of 28.1%. It’s 32% if Tata Motors’ numbers are added.
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.
Auto sector kicks off festive season with 10% growth in PV sales
FADA says October will see auto retail on high grounds, with dealers anticipating the month to be the “best festive in a decade” for the PV segment.
Vehicle retail sales fall 8% in July: FADA
While passenger vehicle sales declined 5% year-on-year in July, the two-wheeler segment witnessed an 11% drop in sales last month.
Passenger vehicle sales in Q3 lowest in 5 years amid chip shortage
PV sales dropped 15% to 7,61,124 units in the third quarter, their lowest level in five years, says the Society of Indian Automobile Manufacturers (SIAM).
