A deadly gun attack on passenger vehicles reportedly claimed the lives of at least 42 people, including journalist Janan Hussain in the Ochut area of Kurram district on Wednesday.
The landscape of India's passenger vehicle (PV) market is undergoing a notable transformation as the dominance of long-standing players declines while new entrants gain ground.
In domestic sales, passenger vehicles (PVs) saw their highest-ever sales for October with 3,93,238 units sold--a 0.9 per cent increase compared to October 2023. However passenger car sales in October has registered a de-growth of 17 per cent. A total 1,07, 520 units were sold in October 2024
YTD EV penetration improved by 100 basis points (bps) year-over-year (YoY) to reach 7.6 per cent, with total EV registrations rising 26 per cent YoY to 1.1 million units.
India's overall auto sales witnessed a strong 32 per cent year-on-year (YoY) growth in October, with the two-wheeler segment leading the surge, according to a report by the Federation of Automobile Dealers Associations (FADA) released on Wednesday.
The country's automobile industry reflects a varied performance across different segments in October sales with impressive growth in two wheelers, modest gain passenger vehicle and subdued performance in commercial segment.
As per the industry data, the spike highlights a significant rise in consumer demand for four-wheelers during the festive period, despite a modest year-on-year growth of just 1.8 per cent in the broader passenger vehicle sector, which recorded a total of 401,447 units.
Maruti Suzuki India Limited (MSIL), a passenger vehicle manufacturer, announced on Monday that it has started accepting bookings for the 4th generation of its popular Dzire model.
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.
The sale of passenger cars in the country saw a significant decline in the second quarter of FY25, as highlighted by the latest sales data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday.
This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit growth in passenger vehicles (PVs) and tractors. This growth will be partially offset by a year-on-year decline in commercial vehicle (CV) volumes.
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