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Time of India
02-08-2025
- Automotive
- Time of India
July auto despatches: PVs in lower gear, two-wheelers hold firm
New Delhi: Passenger vehicle wholesales remained sluggish in July 2025 as OEM despatches to dealerships reflected weak market sentiment and lack of fresh demand. While most carmakers reported flat or declining wholesales, the industry is now pinning hopes on the upcoming festive season to revive momentum. Industry estimates indicate OEM despatches stood at 3.48 lakh units in July, marginally up from 3.44 lakh units in the same month last year, reflecting flat year-on-year (YoY) growth. Mahindra & Mahindra resisted the trend with continued growth and No 2 spot, supported by its relatively fresh SUV portfolio. In contrast, Hyundai and Tata Motors registered double-digit declines, while Maruti Suzuki's volumes stayed largely flat year-on-year. Partho Banerjee, Senior Executive Officer- Marketing and Sales at Maruti Suzuki, said the rural market momentum has tapered off significantly. 'Last year, rural markets were growing at around 10 per cent, but this year it's down to 2-3 per cent,' he noted. In urban markets, buyer sentiment remains cautious, particularly due to layoffs in the IT sector. Growth during the month was largely led by the compact segment, comprising models such as the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR. He added that the company's current network stock stands at 36–37 days, with despatches being calibrated accordingly to manage inventory levels efficiently. Pinning hopes on the upcoming festivities, Banerjee said that if Onam performs well, followed by Ganpati and Navratra, supported by a good monsoon and a possible MSP hike, the festive season could help with sales. He cited early positive signs, including a 10 per cent year-on-year growth in bookings in Kerala, which is a key Onam market. Unsoo Kim, Managing Director of Hyundai Motor India, recently acknowledged that the ongoing softness in demand continues to weigh on industry sentiment. He attributed the sluggishness to persistent macroeconomic challenges, further compounded by global uncertainties. Notably, while Mahindra maintained its lead over Hyundai and Tata in wholesales, Vahan data shows Hyundai climbed to the second spot in July retail sales for the first time this fiscal. Domestic Despatches (in units)July 2025July 2024% changeMaruti Suzuki1,37,7761,37,463NAM&M49,8714162320Hyundai43,97349,013-10Tata Motors39,52144,725-12Toyota Kirloskar32, 57531,6563Kia22,135 20,507 8JSW MG6678 4,575 46Honda Cars4,050 4,624-12 Kunal Behl, Vice President- Marketing & Sales at Honda Cars India, said, 'Demand remained subdued in July 2025, and we accordingly aligned our dispatches to maintain optimal inventory levels across dealerships.' He added that Honda will roll out attractive offers to drive new car sales in August. Two wheelers Despatches in the two-wheeler segment remained largely healthy in July, with three of the top manufacturers reporting year-on-year growth. Honda Motorcycle & Scooter India (HMSI) emerged as the top performer, surpassing Hero MotoCorp by about 54,000 units, claiming the number one spot in the market for the month. Riding the premium wave, Royal Enfield posted a robust 25 per cent year-on-year growth in July. 'Our new range of motorcycles on the Sherpa 450 platform, and the new refreshed Hunter 350 are seeing excellent reception both in India and global markets,' B Govindarajan, Managing Director of Eicher Motors, and Chief Executive Officer at Royal Enfield, said. The company is aiming to 'further consolidate the leadership in the mid-size motorcycle segment.' Domestic Despatches (in units)July 2025July 2024% changeHMSI4,66,3314,39,1186Hero MotoCorp4,12,397 3,47,535 19TVS Motor3,08,720 2,54,250 21Bajaj Auto1,39,2791,68,847-18Suzuki Motorcycles96,029 1,00,602 -4.5Royal Enfield76,25461,20825 A recent Deloitte report highlighted a fragmentation in the two-wheeler market across income groups and geographies. While core rural segments remain under stress, demand in urban and premium categories continues to hold firm. 'EV adoption is progressing selectively, driven by states with strong consumer interest, supportive infrastructure, and consistent policy execution,' the report noted. It added that there seems a structural churn where value-conscious buyers are holding back, while aspiration- and sustainability-driven purchases are gaining momentum. Echoing similar sentiments, Motilal Oswal has projected a cautious outlook for FY26 across most auto segments, with growth estimates remaining in the low- to mid-single digits. The brokerage also flagged a downside risk to its two-wheeler forecasts if demand fails to revive in the coming quarters.
India Today
01-08-2025
- Automotive
- India Today
Maruti Suzuki sells 1.80 lakh units in July 2025, exports surge 32%
Maruti Suzuki India Limited (MSIL) recorded total sales of 1,80,526 units in July 2025, showing an uptick from 1,75,041 units sold in the same month last year. While domestic sales remained largely stable, strong export growth played a key role in the company's overall sales, which include passenger vehicles (PV), light commercial vehicles (LCV), and supplies to other OEMs, stood at 1,48,781 units, slightly down from 1,51,056 units in July 2024. Within this, passenger vehicle sales were nearly flat at 1,37,776 units, and LCV sales (Super Carry) were 2,794 units. Maruti Suzuki also supplied 8,211 units to other OEMs during the compact car segment remained the company's strongest performer, with 65,667 units sold in July 2025, up from 58,682 units a year ago. This category includes popular models like the Baleno, Swift, Dzire, WagonR, Celerio, and Ignis. Meanwhile, mini car sales (Alto and S-Presso) dropped to 6,822 units, down from 9,960 units in July 2024. The utility vehicle segment, which comprises the Brezza, Ertiga, Grand Vitara, Fronx, Jimny, XL6, and Invicto, registered 52,773 units, slightly lower than the 56,302 units in the same period last year. Van sales (Eeco) grew marginally to 12,341 units from 11,916. One of the most notable highlights for Maruti Suzuki in July was its strong export performance. The company exported 31,745 units, a substantial 32% increase over the 23,985 units exported in July 2024. This reflects the growing global demand for Maruti's vehicles and the automaker's expanding international for the April–July period in FY26, Maruti Suzuki's total sales stood at 7,08,387 units, compared to 6,96,909 units in the same period last year. Of this, 5,42,652 units were sold in the domestic PV and LCV categories, while 1,28,717 units were exported, and 37,018 units were supplied to other challenges in certain segments such as mini and mid-size cars, Maruti Suzuki has maintained stable domestic volumes, seen gains in van and compact car sales, and strengthened its export performance. This balanced momentum positions the company well for the upcoming festive season and the rest of to Auto Today Magazine- Ends
Economic Times
25-07-2025
- Automotive
- Economic Times
Indian auto industry faces subdued FY26 growth amidst weak demand: Report
The Indian auto industry is expected to experience subdued growth in FY26, with most segments anticipating low to mid-single-digit growth, as revealed in a recent report by Motilal Oswal. Motilal Oswal report believes that the Indian Automobile industry is likely to witness just 6-7 per cent of growth rate for FY26. The report further reveals that a key challenge lies in the two-wheeler segment, where the current growth estimates carry a downside risk if demand doesn't pick up momentum in the near present, the key auto segments are facing weakness in demand, which has led to passenger vehicles posting a decline of 1.4 per cent, while two-wheeler ICE registered a decline of 8 per cent in volumes. Additionally, the commercial vehicle segment also booked marginal declines. Specifically, in the two-wheeler segment, motorcycle sales recorded a 9 per cent YoY decline, scooter ICE sales recorded a 5 per cent decline, and mopeds recorded an 11 per cent YoY decline. Additionally, the report also reveals that the car segment posted an 11 per cent YoY decline in Q1, with all players witnessing a decline in volumes. Precisely, the small car segment saw a significant decline in volumes: Alto (-36 per cent), Spresso (-38 per cent), and Celerio (-43 per cent).However, Nalinikant Gollagunta, CEO Automotive Division, MM, believes that "confident of mid to high teens growth in SUVs, strong double digit growth in exports and will stick to guidance of high single digit growth for LCVs for FY26."According to the report, in the CV segment, while MHCV (Medium and Heavy Commercial Vehicles) goods declined 4.5 per cent, LCV (Light Commercial Vehicle) goods marginally declined 0.5 per cent for Q1FY26. Bus continued to witness steady demand, with MHCV buses growing 7.6 per cent and LCV buses growing 8.8 per cent. In the commercial vehicle segment, Tata Motors Limited underperformed in all four CV segments, while VECV VE Commercial Vehicles Limited outperformed in most of the CV segments in Q1. (ANI)
Time of India
25-07-2025
- Automotive
- Time of India
Indian automobile industry may grow by 6-7% in FY26 amid damp consumer demand: Report
The Indian automobile sector is expected to grow by 6-7 per cent in the fiscal year (FY26) amid damp consumer demand across most vehicle categories, according to a report by Motilal Oswal. As per the report, volumes in the two-wheeler category fell the highest compared to passenger vehicles (PV) and commercial vehicles (CVs) in the first quarter of FY26 (Q1FY26). The two-wheeler segment remained under pressure due to muted demand. In the April-June quarter of FY26, motorcycle sales fell by 9 per cent year-on-year, ICE scooter sales declined 5 per cent year-on-year, and moped volumes also slid by 11 per cent year-on-year. By contrast, the PV category posted a 1.4 per cent decline in volumes, with the small car segment being impacted significantly due to the volumes of key models such as Maruti Alto, Spresso, and Celerio witnessing sharp year-on-year declines in Q1FY26. The commercial vehicle (CV) segment, meanwhile, saw a marginal decline in volumes. While MHCV goods registered a 4.5 per cent dip, LCV goods fell by 0.5 per cent. However, bus sales remained a bright spot, with MHCV buses growing 7.6 per cent and LCV buses up 8.8 per cent. In terms of OEMs' performance, Tata Motors underperformed across all four CV sub-segments, while VE Commercial Vehicles (VECV) managed to outperform in most, according to Motilal Oswal. 'Our focus would be to deliver industry-beating growth (in FY26) because one, this year is possibly the strongest product cycle for us, and the freshest portfolio. We have a low base for FY25. On the SUV side also, we will be coming with a multipowertrain on Harrier and Safari, including the petrol version,' said Shailesh Chandra, MD, Tata Motors & Tata Passenger Electric Mobility, earlier at the Q4FY25 post-earnings conference call in May. Chandra had said that there would be re-varianting and repositioning of certain products in the portfolio. 'We have the full year for Nexon CNG and also, we will launch Sierra. So, even SUVs are going to be strong…it's going to be a very strong year for us,' he said. The top Tata Motors executive had said that the company will strengthen its value proposition of its existing EV products, in terms of value-price equation. 'It's going to be a strong year for us on the EV side also,' Chandra said. Its homegrown rival, Mahindra & Mahindra, too, is confident of growth this year. Nalinikant Gollagunta, CEO (automotive division) at Mahindra & Mahindra, said the company remains confident of mid-to-high teens growth in the SUV segment, along with strong double-digit export growth. He also reaffirmed guidance for high single-digit growth in LCVs for the full fiscal, according to a report by news agency ANI . The brokerage said that the industry may remain in a cautious phase in the near term, with a rebound largely dependent on rural demand recovery, fuel price stability, and broader economic conditions.
Time of India
18-07-2025
- Automotive
- Time of India
India's CAFE norms penalise small cars: Study
Kolkata: A study by the Indian arm of Nomura Research Institute, the largest economic research and consulting firm in Japan, has said that India's policy on fuel efficiency norms for new cars penalises small ones with disproportionately stringent CO2 targets. India's Corporate Average Fuel Efficiency (CAFE) norm's linear weight-based approach is also different from the graded regulations in other major car manufacturing countries, where smaller lightweight cars have relaxed emission norms. "Globally, all major automotive markets including the US, China, Japan, Korea, and Europe offer regulatory protection to small cars under their CAFE frameworks due to their environmental and socio-economic value," the Nomura researchers said. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Maruti Suzuki has the biggest portfolio of small cars, with 10 models including Alto, Celerio, Wagon R, Swift, Dzire, Eeco and Fronx that weigh less than 1,000 kg and make up 65% of the domestic volumes for the company. Other automakers that have cars under 1 tonne are Renault (Kwid and Kiger), Tata Motors (Punch, Tiago and Altroz), Toyota (Glanza), Hyundai (Exter and i10 Nios), Citroen (C3) and Nissan (Magnite). CAFE norms are set to get more stringent in 2027 and could push compliance costs of small cars beyond affordable levels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Since the introduction of CAFE norms, prices of small cars have shot up due to the need for automakers to invest in technologies that improve fuel efficiency and reduce emissions. Sales of small cars (priced up to Rs 5 lakh) have fallen by 35% per year (compounded annual rate) between 2016-17 and 2024-25.
