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Car sales lose pace in June, SUVs stay in front Passenger vehicle sales in India remained sluggish for the third consecutive month in June due to a high base and reduced post-pandemic pent-up demand. Sales rose 3.7% from a year earlier but slightly declined from May, with 340,784 units sold compa...
02 Jul, 2024, 11.39 AM ISTTata Motors domestic sales dip 8 pc in June Tata Motors reported an 8% decline in total domestic wholesales to 74,147 units in June, with passenger vehicle sales at 43,624 units. The company anticipates a demand recovery with a strong enquiry pipeline and the upcoming festive season in August...
01 Jul, 2024, 05.07 PM ISTMaruti Suzuki sales rise 12 pc to 1,79,228 units in June Maruti Suzuki India reported a 12% increase in total wholesales for June, reaching 1,79,228 units compared to 1,59,418 units last year. Domestic passenger vehicle sales rose by 3% to 1,37,160 units. Export sales surged to 31,033 units from 19,770 un...
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Bajaj Auto sales rise 5 pc to 3.58 lakh units in June Bajaj Auto reported a 5% year-on-year growth in total vehicle wholesales, including exports, with 3,58,477 units sold in June. The company had sold 3,40,981 two-wheelers and commercial vehicles in June 2023, according to a statement. Domestic sales,...
01 Jul, 2024, 10.43 AM ISTAuto sector sees resilient two-wheeler growth amidst mixed performance in PVs and CVs for June 2024 Wholesale volumes across various segments of the automobile industry in June 2024 are expected to show a subdued trend. This is primarily due to the absence of wedding dates, as stated in an Anand Rathi report. Analysts predict a mixed performance i...
27 Jun, 2024, 02.18 PM ISTExpect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable grow...
26 Jun, 2024, 10.24 PM ISTDemerger to secure synergies across biz verticals, says Tata Motors Chairman N Chandrasekaran Tata Motors is planning to demerge its existing automotive businesses into two listed entities, a move aimed at enhancing synergies across its Passenger Vehicles (PV) and Jaguar Land Rover (JLR) segments. This step is expected to boost collaboration...
24 Jun, 2024, 05.01 PM ISTTata Motors launches digital marketplace 'Fleet Verse' for commercial vehicles Tata Motors, the renowned Indian automobile manufacturer, introduced Tata Motors Fleet Verse on Thursday, marking its debut as a robust digital marketplace tailored for the company's commercial vehicles. This platform facilitates various functionali...
20 Jun, 2024, 06.40 PM ISTIndian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report In the two-wheeler segment, India witnessed 10 per cent increase in volume and 13 per cent in value. The three-wheeler segment grew by 16 per cent in volume and 24 per cent in value and the commercial vehicle segment rose by 3 per cent in volume and...
19 Jun, 2024, 02.04 PM ISTTata Motors to raise commercial vehicle prices by up to 2% from July 1 Tata Motors announced through an exchange filing on Wednesday that it will implement a price hike of up to 2% on its commercial vehicles starting July 1, 2024. This adjustment is a response to rising commodity prices, intended to counter their impac...
19 Jun, 2024, 12.09 PM ISTGermany-based ZF group likely to sell upto 5% stake in ZF Commercial Vehicle for Rs 1,423 crore According to the term sheet, the German firm is likely to sell at a floor price of Rs 14,980, a 13.3% discount to Tuesday’s closing price Rs 17,277.15. The deal is expected to fetch Rs 1,423 crore to the promoter . Citigroup is the banker to the dea...
18 Jun, 2024, 05.48 PM ISTVehicle registrations rise by a modest 3 per cent in May Vehicle registrations increased by 3% to 2.09 million units last month, with delays in purchases due to election uncertainties and extreme heat. Passenger vehicle registrations slightly decreased by 0.96% to 303,358 units. Two-wheeler registrations ...
11 Jun, 2024, 01.07 AM ISTMay auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA In May, auto retail sales dropped by 5.28% from the previous month, influenced by the heatwave and the recent Lok Sabha elections, according to FADA. However, annual figures showed a 2.6% increase. Two-wheelers and commercial vehicles saw year-on-ye...
10 Jun, 2024, 10.12 AM ISTPromoter of ZF Commercial mulling stake sale worth Rs 1,500 crore Cashing on the benefit of peak multiples in the Indian equity market, promoters of ZF Commercial Vehicle Systems India (formerly WABCO INDIA) is looking to sell 4-5% stake in the India unit, according to multiple people aware of the development. Ger...
06 Jun, 2024, 07.50 PM ISTTata Motors board okays to incorporate new wholly-owned unit Tata Motors board approves setting up wholly-owned subsidiary TML Commercial Vehicles Ltd for commercial vehicles business.
04 Jun, 2024, 06.38 PM ISTDemerger of biz to help commercial vehicle business capitalise on opportunities globally: Tata Motors Tata Motors is planning to demerge its commercial vehicle (CV) and passenger vehicle (PV) segments into two separate listed entities to better capitalize on global growth opportunities. The CV business and related investments will be housed in one e...
02 Jun, 2024, 11.36 AM ISTTata Motors sales up 2 pc at 76,766 units in May Tata Motors reported a 2% increase in total wholesales for May, with 76,766 units compared to 74,973 units last year. Domestic sales also grew by 2%, reaching 75,173 units. Passenger vehicle sales, including electric vehicles, rose to 47,075 units f...
01 Jun, 2024, 03.37 PM ISTVehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16% Vehicle registrations in the country – a proxy for retail sales – went up by a robust 27% year on year to 2.2 million units in April, led by two-wheelers on the back of stable fuel prices, positive outlook for the monsoons, Navratri demand, and the ...
09 May, 2024, 12.04 AM ISTTata Motors sales rise 11.5% to 77,521 units in April In April, Tata Motors reported an 11.5% year-on-year increase in total wholesales to 77,521 units. Domestic dispatches surged 12% to 76,399 units. Passenger vehicle sales rose by 2% to 47,983 units, while commercial vehicle sales spiked by 31% to 29...
01 May, 2024, 02.23 PM ISTTata Motors ties up with South Indian Bank for commercial vehicle finance Tata Motors has partnered with South Indian Bank to provide financing solutions for its commercial vehicle customers and dealerships. The partnership is part of a Memorandum of Understanding, aiming to empower fleet owners and dealerships to achieve...
29 Apr, 2024, 01.12 PM IST