Vehicle sales growth in March 2025 is expected to remain positive for two-wheelers (2Ws) and passenger vehicles (PVs), while commercial vehicles (CVs) may see a marginal decline, according to a report by Nuvama.
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Passenger, three-wheeler, and commercial electric vehicle sales rose year-on-year in February, while it declined for the two-wheeler category, Federation of Automobile Dealers Associations of India (FADA) data showed Friday.
The report mentioned, "According to SIAM and domestic OEMs, domestic PV industry wholesale volumes are expected to grow low single digits yoy (flat yoy growth in FY2025E) in FY2026E, driven by steady growth in the SUV segment due to newer launches and an increase in BEV segment penetration,
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
Electrification in the 2W segment has been progressing slowly, despite substantial government incentives. HSBC noted that urban demand for economy motorcycles has been impacted the most due to the rising popularity of electric scooters.
TVS Motors reported a robust 12 per cent increase in total two-wheeler sales, rising from 352,103 units in November 2023 to 392,473 units in November 2024. Domestic two-wheeler sales grew by 6 per cent, with sales climbing from 287,017 units to 305,323 units over the same period.
The domestic two wheeler sales of Bajaj Automobiles declined by 8 per cent in October year on year, according to the sales figure data released by the company on Monday.
The demand for the passenger vehicle and commercial vehicles moderated in October while the demand of two wheelers and tractors showed positive momentum, highlighted a report by Motilal Oswal.
This contrasts with the low single-digit growth anticipated for passenger vehicles (PVs) and commercial vehicles (CVs). Top picks identified in the report include Mahindra & Mahindra (MM), Escorts, TVS Motor Company (TVSL), and Uno Minda, all of which have strong exposure to the 2W and t