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Passenger vehicle dispatches to dealers rise 4% in November: SIAM Society of Indian Automobile Manufacturers (SIAM) has said that passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November 2024 with demand momentum sustaining post festive period in October. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. SIAM said two-wheeler wholesales, however, declined by 1 per cent year on year to 16,04,749 units in November 2024 as compared with 16,23,399 units in the ...
Passenger vehicle dispatches to dealers rise 4% in November: SIAM
Passenger vehicle dispatches to dealers rise 4% in November: SIAM
Source: Accord Fintech
2024-12-16 11:35:25 am
India sees 14 pc growth in vehicle exports in H1 FY25 The vehicle exports from India bounced back in the first six month of the current financial year (FY25) compared to the same period last fiscal, with more than 2.52 million automobiles shipped abroad.  The auto exports stood at 25,28,248 units in H1 FY25 (compared to 22,11,457 units in H1 FY24) — a 14 per cent jump. Passenger vehicles, two-wheelers and commercial vehicles clocked robust double-digit growth while three-wheelers exports were down 1 per cent (year-on-year) but i...
India sees 14 pc growth in vehicle exports in H1 FY25
India sees 14 pc growth in vehicle exports in H1 FY25
Source: IANS
2024-10-20 01:50:28 pm
Passenger vehicle retail sales in India witness 5% decline in August 2024: FADA Federation of Automobile Dealers Associations (FADA) in its latest data has showed that passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August 2024 on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains. The overall passenger vehicle (PV) registrations in August 2024 stood at 3,09,053 units, as compared to 3,23,720 units in August 2023.  According to the data, commercial vehicle registrations saw a 6 per cent year...
Passenger vehicle retail sales in India witness 5% decline in August 2024: FADA
Passenger vehicle retail sales in India witness 5% decline in August 2024: FADA
Source: Accord Fintech
2024-09-05 12:18:20 pm
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy Car and SUV manufacturers have agreed to offer discounts of 1.5 per cent of the ex-showroom price of a new car or Rs 20,000 whichever is lower, while truck manufacturers will offer discounts of up to 3 per cent with the launch of the Centre’s Vehicle Scrapping Policy, according to an official statement issued on Wednesday.   These Original Equipment Manufacturers (OEM) discounts are in addition to the scrap value provided by Registered Vehicle Scrapping Facilities (RVSFs) to the...
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy
Source: IANS
2024-08-29 09:32:29 am
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle reached 24,37,138 units in July, the Society of Indian Automobile Manufacturers (SIAM) data showed on Wednesday.  Passenger vehicles sales were 3,41,510, three-wheeler sales were 59,073 units and two-wheeler sales reached 14,41,694 units. Two-wheeler segment posted a decent growth of 12.5 per cent in July compared to the same month last year. “The above average rainfall coupled with up...
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth
India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth
Source: IANS
2024-08-14 01:58:34 pm
Passenger vehicle wholesales in India decline 2.3% in July 2024: SIAM The Society of Indian Automobile Manufacturers (SIAM) in its latest report on auto sales in the month of July, has said that passenger vehicle (PV) wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July 2024, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. It said the overall PV dispatches from companies to dealers stood at 3,50,355 units in July 2023, As per the data, Utility vehicles continued t...
Passenger vehicle wholesales in India decline 2.3% in July 2024: SIAM
Passenger vehicle wholesales in India decline 2.3% in July 2024: SIAM
Source: Accord Fintech
2024-08-14 12:41:16 pm
Uno Minda trades jubilantly on entering into technical license agreement with Suzhou lnovance Automotive Uno Minda is currently trading at Rs. 989.70, up by 127.05 points or 14.73% from its previous closing of Rs. 862.65 on the BSE. The scrip opened at Rs. 905.00 and has touched a high and low of Rs. 1018.75 and Rs. 901.55 respectively. So far 137840 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,018.75 on 06-Jun-2024 and a 52 week low of Rs. 545.10 on 08-Jun-2023. Last one week high and low of the scrip stood a...
Uno Minda trades jubilantly on entering into technical license agreement with Suzhou lnovance Automotive
Uno Minda trades jubilantly on entering into technical license agreement with Suzhou lnovance Automotive
Source: Accord Fintech
2024-06-06 11:29:39 am
Happy Forgings jumps on obtaining order for supply of brake flanges for passenger vehicles Happy Forgings is currently trading at Rs. 948.25, up by 43.65 points or 4.83% from its previous closing of Rs. 904.60 on the BSE. The scrip opened at Rs. 939.05 and has touched a high and low of Rs. 950.00 and Rs. 934.00 respectively. So far 6660 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1087.85 on 27-Dec-2023 and a 52 week low of Rs. 813.55 on 18-Mar-2024. Last one week high and low of the scrip stood at...
Happy Forgings jumps on obtaining order for supply of brake flanges for passenger vehicles
Happy Forgings jumps on obtaining order for supply of brake flanges for passenger vehicles
Source: Accord Fintech
2024-04-16 10:16:56 am
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives  Driven by rising consumer interest, government initiatives and infrastructure development, India’s EV sales nearly doubled in 2023 and are likely to grow 66 per cent this year, a report showed on Friday. Overall, India’s passenger vehicle (PV) sales grew 10 per cent (year-on-year) to surpass 4 million units, its EV sales nearly doubled, rising 97 per cent YoY to account for 2 per cent of the overall PV sales. By 2030, EVs are expected to represent nearly one-third of I...
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
EV sales in India to grow 66 pc this year riding on consumer interest, government initiatives
Source: IANS
2024-04-06 09:01:07 am
Robust investment, strong demand driving India`s growth amid global slowdown: Finance Ministry  Robust investment activity and strengthening private consumption demand is driving growth in the Indian economy amidst the sluggish global growth, according to the Finance Ministry’s monthly review released on Friday. The strong demand is evident from indicators like burgeoning air passenger traffic and sale of passenger vehicles, rising digital payments, improved consumer confidence and expectations of a normal monsoon, the report states. Increased demand for residential pr...
Robust investment, strong demand driving India`s growth amid global slowdown: Finance Ministry
Robust investment, strong demand driving India`s growth amid global slowdown: Finance Ministry
Source: IANS
2024-03-23 08:50:59 am
'New EV manufacturing policy aims to attract global players and domestic value addition'  The new electric vehicles (EV) manufacturing policy, announced by the Central government on Friday, will not only aim to attract global players to India but also stress domestic value addition, a top official of the Automotive Component Manufacturers Association of India (ACMA) said. ACMA President, Shradha Suri Marwah, who is also the CMD, Subros said: "The EV policy marks another significant step towards accelerating the adoption of cutting-edge technology and fostering innova...
'New EV manufacturing policy aims to attract global players and domestic value addition'
'New EV manufacturing policy aims to attract global players and domestic value addition'
Source: IANS
2024-03-16 09:24:33 am
Auto stocks fall despite rise in passenger vehicle wholesales Auto industry stocks fell on the BSE, even after Society of Indian Automobile Manufacturers (SIAM) in its latest data has showed that passenger vehicle wholesales in India rose 11 per cent year-on-year in February 2024, as sports utility vehicles continued to steer demand in the market. The total passenger vehicle dispatches to dealers in February 2024 stood at 3,70,786 units, as compared to 3,34,790 units in the year-ago period. Tata Motors is currently trading at Rs. 991.95, down by 24.6...
Auto stocks fall despite rise in passenger vehicle wholesales
Auto stocks fall despite rise in passenger vehicle wholesales
Source: Accord Fintech
2024-03-13 02:12:35 pm
Automobile stocks ride high amid growth in February retail sales Automobile stocks were trading higher on the BSE, as the Federation of Automobile Dealers Associations (FADA) in its latest data has showed that automobile retail sales in India rose 13 per cent year on year in February 2024 with all the segments, including passenger vehicles and two-wheelers, witnessing robust offtake. Overall retail sales stood at 20,29,541 units in February 2024 as compared to 17,94,866 units in the year-ago period. Force Motors is currently trading at Rs. 6398.95, up b...
Automobile stocks ride high amid growth in February retail sales
Automobile stocks ride high amid growth in February retail sales
Source: Accord Fintech
2024-03-07 12:34:36 pm
Tata Motors to demerge business into two separate listed companies he Board of Directors of Tata Motors Ltd (TML), at its meeting on Monday, approved the proposal of demerger of Tata Motors Ltd into two separate listed companies, housing the commercial vehicles business and its related investments in one entity, and the passenger vehicles businesses including PV, EV, JLR and its related investments in another entity. The demerger will be implemented through an NCLT scheme of arrangement and all shareholders of TML shall continue to have the identical shar...
Tata Motors to demerge business into two separate listed companies
Tata Motors to demerge business into two separate listed companies
Source: IANS
2024-03-04 06:01:58 pm
Passenger vehicles, two-wheelers maintain positive run  Auto sales maintained the trends, with passenger vehicles and two-wheelers maintaining a positive run, whereas commercial vehicles and tractor segment sales momentum continued to be weak, Kotak Institutional Equities said in a report. Passenger vehicle segment volumes witnessed a low double-digit improvement yoy in February 2024. Domestic 2W wholesale volumes witnessed more than 20 per cent YoY growth, driven by a recovery in the rural segment, which came in marginally above expectat...
Passenger vehicles, two-wheelers maintain positive run
Passenger vehicles, two-wheelers maintain positive run
Source: Ians
2024-03-04 01:41:27 pm
PV volume to ascend to new peak in next financial year on rising demand for SUVs: Crisil Ratings Crisil Ratings in its latest report has said that passenger vehicle (PV) volume is expected to ascend to a new peak for the third straight time next financial year, growing 5-7 per cent on a high base of 6-8 per cent estimated for the current year ending March 2024. This ascend is expected as sport utility vehicles (SUVs) race ahead even as demand for cars and exports remain muted. Healthy volume growth of the SUV segment, which enjoys higher margin, will steer an improvement in operating mar...
PV volume to ascend to new peak in next financial year on rising demand for SUVs: Crisil Ratings
PV volume to ascend to new peak in next financial year on rising demand for SUVs: Crisil Ratings
Source: Accord Fintech
2024-02-27 10:20:49 am
Passenger vehicles remain flat in Dec as entry-level segment remains a drag  In passenger vehicles, despite a strong growth of 15 per cent YoY for UVs, overall PVs remained flat in December YoY due to sluggishness in the entry level segment, says a report by Motilal Oswal Financial Services. Commercial vehicles volumes grew 6 per cent YoY, led by 11.5 per cent YoY growth in MHCVs. Tractors declined 18 per cent YoY. “We believe 2W demand should continue to grow in the coming months. CV demand growth is expected to moderate in 4Q due to the high base e...
Passenger vehicles remain flat in Dec as entry-level segment remains a drag
Passenger vehicles remain flat in Dec as entry-level segment remains a drag
Source: IANS
2024-01-02 02:31:01 pm
Passenger vehicle wholesales rise 9% in India during August: SIAM Amid strong demand for utility models, industry body the Society of Indian Automobile Manufacturers (SIAM) in its latest report has showed that passenger vehicle wholesales in India rose 9 per cent year-on-year to 3,59,228 units in August 2023 from 3,28,376 units in August 2022. As per the report, utility vehicle sales increased 34 per cent year-on-year to 1,81,825 units. However, passenger car dispatches declined 10 per cent to 1,20,031 units from 1,33,477 units in August 2022. Van whol...
Passenger vehicle wholesales rise 9% in India during August: SIAM
Passenger vehicle wholesales rise 9% in India during August: SIAM
Source: Accord Fintech
2023-09-11 01:50:11pm