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,
The new tariffs, set to take effect on February 10, provide a short window for potential negotiations between the two countries says a report by S&P Global Market Intelligence.
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.
The volume of two-wheelers (2Ws) and tractors will grow at a compounded annual growth rate (CAGR) of 13 to 15 per cent, outpacing passenger vehicles (PVs) and trucks between financial year (FY) 2025-27, stated a report by Jefferies an investment banks and financial services company.
The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 FY25. Several trends have emerged in the market, with consumers shifting towards larger and more powerful vehicles across all segments.
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.
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.
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
India's two-wheeler demand, which lagged behind passenger vehicles during FY21-23 due to the impact of the COVID-19 pandemic and rising regulatory costs, is now experiencing a resurgence.