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Passenger vehicles industry estimated to grow up to 9% this fiscal: ICRA

by AIP Online Bureau | Mar 7, 2024 | Data, Eco/Invest/Demography, Non-Life

The utility vehicle (UV) segment continued to expand led by a shift in customer preferences coupled with a slew of product launches. Mumbai: The domestic passenger vehicle (PV) market is estimated to grow by six to nine per cent in the current financial year over the...
Domestic passenger vehicles sales rise 23 pc to record of 37.93 lakh units in 2022

Domestic passenger vehicles sales rise 23 pc to record of 37.93 lakh units in 2022

by AIP Online Bureau | Jan 1, 2023 | Eco/Invest/Demography, Indian News, Non-Life

”The industry wholesales in January to December 2022 were just short of 38 lakh units. It was 37.93 lakh units against 30.82 lakh in 2021, which is a growth of 23 per cent,” Maruti Suzuki India Senior Executive Officer, Marketing & Sales Shashank...
Passenger vehicle sales on upward terrain driving on better chip supply track

Passenger vehicle sales on upward terrain driving on better chip supply track

by AIP Online Bureau | Aug 1, 2022 | Eco/Invest/Demography, Indian News, Technology

”With the improvement in the semiconductor situation, the passenger vehicle segment is showing positive trends riding on the green shoots of pent-up demand and customer desire towards personal mobility,” HMIL Director (Sales, Marketing & Service) Tarun...
Passenger vehicle retail sales up 40 pc in June as chip supply improves

Passenger vehicle retail sales up 40 pc in June as chip supply improves

by AIP Online Bureau | Jul 5, 2022 | Eco/Invest/Demography, Indian News, Non-Life

Two-wheeler retail sales last month rose 20 per cent to 11,19,096 units, as compared to 9,30,825 units in the year-ago period, FADA data showed Commercial vehicle retail sales also witnessed an 89 per cent year-on-year increase last month at 67,696 units....

India-Many passenger vehicle manufacturers report healthy wholesales during March 2022

by AIP Online Bureau | Apr 5, 2022 | Data, Eco/Invest/Demography

“Tata Motors set several new records in a challenging year, disrupted by two waves of Covid, semi-conductor crisis and steep increase in commodity prices,” said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd. and Tata Passenger...
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