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Time of India
05-05-2025
- Automotive
- Time of India
Mahindra overtakes Hyundai & Tata, is 2nd largest desi carmaker by retail sales
Kolkata: Home-grown sports utility vehicle major Mahindra & Mahindra has, for the first time, emerged second in retail sales of passenger vehicles with a clear 1.2% market share difference over Tata Motors , which is ranked third, and a 1.4% difference over Hyundai Motor, which is ranked fourth. Maruti Suzuki remains the market leader with a 39.4% market share, a clear lead of 25.6% over Mahindra. In the data for April announced by the Federation of Automobile Dealers Association, M&M registered retail sales of 48,405 units in April 2024, up from 38,696 units in April 2023 when it was fourth on the market share chart among carmakers in India. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Maruti Suzuki, which dropped nearly 1% market share during the period, recorded retail sales of 1,38,021 units in April 2024, down from 1,39,173 units in April 2023. Tata Motors' sales also decreased from 46,915 units in April 2023 to 44,065 units in April 2024. However, it is Korean automaker Hyundai Motor that witnessed the sharpest slide, with retail sales down from 49,243 units in April 2023 to 43,643 units in April 2024. Hyundai, which has consistently been the No. 2 carmaker in market share in India for the past two-and-a-half decades, slipped from that spot in Feb 2024 to No. 4 and has since remained at the bottom of the leaders' board. The top four carmakers together occupy a 78.35% market share in the auto industry. Even in wholesales, Hyundai occupied the second spot until Jan. It was pushed to the third spot by M&M in Feb. While it managed to narrowly reclaim the second spot in March, it was pushed to the fourth spot in April by M&M and Tata Motors. The surge of M&M, which manufactures only SUVs in the passenger vehicle segment, is primarily owing to the dominance of SUVs as customer preference, while other body stylings — hatchbacks, sedans and multi-utility vehicles — declined over the past seven to eight years. FADA president C S Vigneshwar said sustained SUV demand underpinned volumes even as entry-level customers remained cautious, underscoring the need for OEMs to recalibrate production and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships. He further pointed out that despite limited model introductions, the PV segment registered a 1.5% year-on-year increase alongside a marginal 0.2% month-on-month decline in sales.
Economic Times
05-05-2025
- Automotive
- Economic Times
Car & 2-wheeler sales crawl in April, commercial vehicles stall
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Vehicle registrations in India grew by 3% to 2.29 million units in April as two-wheeler and passenger vehicle segments recorded modest increases while commercial vehicle registrations or retail sales of two-wheelers and passenger vehicles grew by 2.3% and 1.6% to over 1.68 million units and 349,939 units respectively. Three-wheelers and tractors fared comparatively better, posting growth of 24.5% and 7.6% to 99,766 and 60,915 units respectively, showed data collated by Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the road ministry. Retail sales of commercial vehicles though, fell by 1% to 90,558 units in April."With the tariff war paused, stock markets staged a sharp pullback-alleviating investor concerns-and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said C S Vigneshwar, president, the two-wheeler segment, the demand environment remained stable despite mixed headwinds. "Dealers reported buoyant enquiry growth in rural areas post Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook. Wedding-season tailwinds (also) sustained rural offtake," said Vigneshwar, adding that demand also remained robust in urban limited new model introductions, passenger vehicle sales grew at a modest pace, backed by discounts and promotional offers. While demand remained healthy for SUVs, entry-level car buyers remained cautious. Dealers urged automakers to align production with market demand and reduce stock levels to mitigate deeper discounts and carrying costs at the month, sales of commercial vehicles continued to be under pressure amid product price increases, stagnant freight rates, and low fleet segment however saw healthy demand from school transport and staff mobility said the agricultural cycle this month is expected to conclude on a strong note, supported by healthy crop prices and robust mandi procurement."The IMD's forecast of an above-normal Southwest monsoon bodes well for rural incomes, farm-sector growth and downstream demand", he said, adding that a well-distributed rainy season is critical to containing food per Kantar's Rural Barometer and GroupM data, household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. This is impacting sales of non-essential items, FADA said.
New Indian Express
05-05-2025
- Automotive
- New Indian Express
Retail auto sales start FY26 on a positive note, grow 3% in April
NEW DELHI: On the back of festive purchases around Akshay Tritiya and rural demand post-harvest, India's total automobile retail sales rose 2.95% year-on-year in April 2025, reaching 22.87 lakh units, according to the Federation of Automobile Dealers Associations (FADA). Growth was seen in all segments except commercial vehicles, which dipped 1% year-on-year. "With the tariff war paused, stock markets staged a sharp pullback—alleviating investor concerns—and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said FADA President CS Vigneshwar. Two-wheeler retail volumes grew 2.25% YoY and 11.84% MoM to 16,86,774 units. Vigneshwar stated that dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. Despite limited model introductions, the passenger vehicle (PV) segment registered a 1.55% YoY increase in sales to 3,49,939 units. "This performance reflects a discount-led market and elevated inventories—approximately a 50-day supply—amid cautious consumer sentiment that tempered enquiry-to-sale conversions," added Vigneshwar. Going forward in May, FADA said that this month"s agricultural cycle is concluding on a strong note, underpinned by healthy crop prices and robust mandi procurement. However, the dealer body added that Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India— household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. Here, non-essential categories such as two-wheelers is likewise plateauing amid rising living costs.
The Hindu
05-05-2025
- Automotive
- The Hindu
Auto retail sales rise 3% in April led by 2Ws, tractors
Overall auto retail sales for April 2025 grew 3% Year on Year (YoY) led by growth in retail sales of three wheelers (3W) and tractors. As per data provided by The Federation of Automobile Dealers Associations (FADA) Two Wheeler (2W) sales grew by 2.25%, 3W by 24.5%, Passenger Vechicles (PV) by 1.55%, tractors by 7.5% and Commercial Vehicle sales fell 1% YoY, FADA said the PV inventory is at 50 days and has advocated for a 21-days stock norm. Two wheelers grew 2.25% backed by strong rural demand while PV sales grew due to offer of deep discounts by OEMs. Price hike by OEMs and flat freight rates led by CV sales dropping by 1.05%, FADA said. C S Vigneshwar, President FADA said, 'The new financial year began on a modest note as overall retails in April managed to grow by 3% YoY. All categories except CV closed in the green.' 'With the tariff war paused, stock markets staged a sharp pullback—alleviating investor concerns—and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note,' he said. On the immediate outlook the FADA President said 'May's agricultural cycle is concluding on a strong note, underpinned by healthy crop prices and robust mandi procurement.' 'The IMD's forecast of an above-normal southwest monsoon bodes well for rural incomes, farm-sector growth and downstream demand, while a well-distributed rainy season is critical to containing food inflation,' he said. 'At the same time, Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India—household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases,' he added.
Entrepreneur
05-05-2025
- Automotive
- Entrepreneur
Two-wheeler Industry Likely to Hit Pre-Pandemic High in FY2025- 26
Overall, the two-wheelers with sales of 19.6 million units registered a good growth momentum of 9.1% in FY 2024-25 over FY 2023-24. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The two-wheeler (2W) industry's overall volume in FY2025- 26 is likely to overtake the previous high of 21-24 million units in FY2019 before Covid hit, industry experts said. Besides, the scooter sector is expected to grow by 6-9 per cent by FY2025- 26, driven by double-digit year-on-year growth in the two-wheeler segment. "We expect scooter segment demand momentum to continue, but believe there is a downside risk to domestic motorcycle segment growth assumptions, given its persistent weakness in the 110cc motorcycle segment and an increase in delinquencies for financiers, which may weigh on the growth. The companies highlighted that recovery in the export market continues, led by strong demand trends in LATAM and a recovery in the African market," a report by Kotak Institutional Equities noted. Overall, the two-wheelers with sales of 19.6 million units registered a good growth momentum of 9.1% in FY 2024-25 over FY 2023-24. "For FY2025- 26, lower interest rates on loans translate into reduced EMI for consumers and will enhance the affordability of two-wheelers. The savings from income tax rebates will also positively affect consumer sentiments. Overall growth momentum in the domestic market, we are expecting, is likely to be positive like last year," said KN Radhakrishnan, director and chief executive officer, TVS Motor. "2W retail volumes in April 2025 demonstrated a resilient up-cycle, growing 2.25 per cent YoY and accelerating 11.84% MoM—underscoring a stable demand environment amid mixed headwinds. Dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels, and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. Urban demand remained robust, supported by new-model introductions, although elevated financing costs and OBD2B-linked price adjustments posed isolated bottlenecks," said C S Vigneshwar, president, FADA Improved semi-urban and rural demand and a resurgence in consumer confidence helped the segment to recover in FY2025 and may help it gain pre-pandemic momentum in FY2026. "Growth was largely led by the scooter segment due to improved rural and semi-urban connectivity and availability of newer models with enhanced features," a SIAM report stated. "A normal monsoon, as currently forecasted for 2025, is expected to support broader economic activity, especially in rural and semi-urban regions, which would be a tailwind for auto sector demand in FY2026," the industry body noted. The sector will also benefit from the reforms in the personal income tax announced in the recent Union Budget of 2025-26, which has been followed by two back-to-back rate cuts by the Reserve Bank of India. These measures would help in creating demand by increasing accessibility of vehicle financing, the SIAM report also noted. In FY2025, 2Ws accounted for 75.04 per cent of the auto sector share. "Next fiscal, volume growth of 8-10 per cent will be supported by a 7-8 per cent rise in domestic demand driven by higher rural incomes and increased sales of premium 2W ICE vehicles and e2Ws. Meanwhile, exports should grow relatively faster, at 11-12 per cent, aided by demand from Africa, Latin America, and other emerging markets. Favourable measures in the upcoming Union Budget could further boost this growth," said Anuj Sethi, Senior Director, Crisil Ratings Ltd. Motorcycles account for nearly two-thirds of the Indian 2W internal combustion engine (ICE) market. According to SIAM, registration of e2Ws grew by 21.2 per cent in FY 2024-25 as compared to the previous year, with 11.5 lakh units. The e2Ws segment, comprising mainly scooters, is small at ~5 per cent of overall 2W sales volume, but growing rapidly at ~27 per cent this fiscal. "We expect similar double-digit growth next fiscal as well," Sethi said. Citing recently updated Maharashtra government's EV policy, Dhiraj Agarwal, Chief Business Officer, Mufin Green Finance, said, "Maintaining this increased demand for EVs will require robust financial mechanisms also tailored to fleet operators, logistic providers, and infrastructure developers. Financial institutions focused on sustainability can support this transformation by offering structured financing for EV adoption and supporting investment in associated infrastructure."
