PV Sales

The industry body warned that the Russia-Ukraine conflict could further impact the production of semiconductors

Domestic passenger vehicle retail sales in March declined by 4.87 per cent to 271,358 units, as compared to the same month last year, automobile dealers' body FADA said on Tuesday.

The demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas, according to Acuite Ratings & Research. However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also the sharp increase in retail fuel prices. The domestic PV sales registered a healthy growth of 14.7 per cent year-on-year in FY22 despite the supply challenges in semiconductors that led to longer waiting periods and production cuts for certain models, Acuite said in a statement. The growth print was also supported by a low base factor, given the protracted lockdown in FY21, it added. "Acuite believes that the demand for PVs will witness a moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas," it said. For two-wheelers, the rating agency said the .

Easing supply side constraints of semiconductors as well as healthy demand led many passenger vehicle manufacturers to report healthy wholesales during last month.

A key reason for lower than expected inflation projections could be weak demand

Passenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year, with Maruti Suzuki India leading the segment with dispatches of around 1.68 lakh units

Analysts fear that this time, it may take many years of double-digit growth for the industry to recoup the loss in sales volume

Low base effect along with pent up demand pushed India's domestic private vehicle (PV) sales higher on a year-on-year basis in August.

Though there was a recovery in the passenger vehicles segment sales

Analysts tracking the sector said that they expect auto sales to be strong in the second half of the financial year

At present, EVs account for 2 per cent of the company's passenger vehicle (PV) sales

Piaggio Vehicles on Tuesday said it has added 100 dealerships in both its commercial and passenger vehicle businesses across India in 100 days despite challenging times.

Mahindra & Mahindra (M&M) on Thursday said it has sold a total of 40,403 units in March. The company had dispatched 6,679 units in March 2020 amid sales disruptions due to COVID-19 pandemic. The Mumbai-based automaker sold 16,700 passenger vehicles last month in the domestic market. It had dispatched 3,383 units in March 2020. It sold 21,577 commercial vehicles in the domestic market last month. The company had dispatched just 2,742 units in March 2020 due to coronavirus-led lockdown. "At Mahindra we are witnessing very good momentum in demand and have a strong pipeline of bookings across our SUV range of Bolero, Scorpio, XUV300, All-New Thar and also the Bolero Pik-up," M&M Automotive Division CEO Veejay Nakra said in a statement. In fact Bolero volumes for March have been the highest in this financial year and despite supply constraints the company has been able to ramp up production of Bolero Pik-up significantly during the month, he added. "We expect supply challenges .

Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020

Tata Motors expects domestic passenger vehicles industry to grow in double digits in 2021-22 on the back of continued robust demand momentum

Automobile dealers' body FADA on Tuesday said passenger vehicle (PV) retail sales in January witnessed a year-on-year decline of 4.46 per cent to 2,81,666 units

The industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday

Passenger vehicle sales jumped 13.6 per cent in December to 2.52 lakh units as compared to 2.22 lakh in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Nifty Auto index has jumped 8 per cent on a year-to-date basis in 2021

As many as 70,000 employees of BSNL have already opted for the VRS scheme which was launched last week