Domestic passenger vehicle sales could touch a record level of nearly 40 lakh units this year on strong demand and companies finding ways to enhance production despite semiconductor shortage, a senior Maruti Suzuki India official said on Monday. Even as the chip shortage issue has improved compared to a year back, the industry is estimated to have a pending order of around 7.5 lakh units of passenger vehicles with Maruti Suzuki India (MSI) alone having around 4.18 lakh units, company senior executive officer, marketing and sales, Shashank Srivastava told PTI. "I think it would be slightly below 4 million (units mark).
Sales volume for compact sedan Dzire Tour came in at 2,068 units in June.
Open order books in February breach 700,000; wait period for some models exceed a year.
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
Driven by strong demand, the overall passenger vehicle dispatches crossed 3.35 lakh units in February as automakers, including Maruti Suzuki India, Hyundai, Tata Motors and Mahindra & Mahindra, reported robust sales during the month. The dispatches of more than 3.35 lakh units last month marked an 11 per cent over February 2022. It was also the highest ever overall wholesales in the month of February. The country's largest carmaker Maruti Suzuki India on Wednesday said its domestic wholesales rose 11 per cent to 155,114 units in February as compared with 140,035 units in the same month last year.
Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue. In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery) Shailesh Chandra, managing director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one-lakh electric vehicle sales this financial year. Curvv EV is the second car based on the advanced Pure EV architecture - acti.ev, which marks Tata Motors' entry into the highly competitive mid-size SUV segment and will be competing with the likes of MG ZS EV, Hyundai Creta and Maruti Suzuki Grand Vitara, among others.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
Maruti recorded 20 per cent jump in sales during November.
Leading automakers Maruti Suzuki India, Hyundai and Tata Motors reported a double-digit increase in dispatches to dealers in April as the demand remained robust especially for the sports utility vehicles. The country's largest car maker Maruti Suzuki India (MSI) said its domestic passenger vehicle wholesales rose 13 per cent to 137,320 units last month as against 121,995 units in April 2022. Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago.
Maruti's Alto retained the top position in June with 14,856 units, as against 15,750 units in June last year.
Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
Various factors, including robust demand in rural markets and good response to new models, helped in driving the sales.
The measures government takes next to push economic growth will be the key for automotive sector
The previous May peak was observed in 2018 when the domestic PV wholesales stood at 301,238 units.
Hyundai Creta has emerged as one of the best looking four wheelers and certainly the best looking compact SUV in 2015 and that has worked remarkably in their favour as far as sales is concerned.
Clock 11% growth in the first 11 months of 2022.
Amid better semiconductor chip supplies, the Indian automotive industry posted an 8 percent growth in production of vehicles across categories for the month of May, with three-wheelers (20 per cent) and passenger vehicles (16 per cent) leading the pack. Exports, however, dipped 21 per cent at an industry level. The industry also recorded its highest-ever May wholesales of domestic passenger vehicles (334,802 units), riding on high demand for sport utility vehicles (SUVs) and better supplies of semiconductor chips.
India is sceptical that Tesla might import into the country cars made in China. Tesla executives were in India last month and appear to have proposed a factory in the country. But do not be surprised if that does not happen in a hurry.
The auto industry has had a mixed month. The build up to Dhanteras and Diwali was good but the demand tapered off subsequently.
Maruti's Alto retained the best-selling model tag in January with 22,998 units as against 21,462 in January 2016.
However, sales of mini segment cars, including Alto and WagonR, declined 7.9 per cent to 25,524 units from 27,712 in the year-ago month
Country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 8.7 per cent increase in total sales in February.
MSI said compact sedan Dzire Tour stood out as sales rose by over two-fold during the month under review to 3,370 units as against 1,299 in July 2014.
The S-Cross will be available only in diesel engine options of 1.6 litre and 1.3 litre.
Maruti sold 191 units of SX4 sedan in January 2014.
Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
It is expected to cost between Rs 8 lakh and Rs 10 lakh.
A record number of 85 products will be launched.
Model 3 received 180,000 orders worldwide.
Maurti and Hyundai recorded jump in sales in May.
Maruti, Hyundai & Mahindra together had 72.5% market share in year's first half.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
Apart from a pavilion of vintage cars, there will be a Bollywood corner
