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Times of Oman
06-06-2025
- Automotive
- Times of Oman
India: FADA reports 5% YoY growth of auto sales in May 2025
New Delhi: The Federation of Automobile Dealers Associations (FADA) on Friday released vehicle retail data for May, which revealed a modest rise of 5 per cent as compared to the same month last year. Segment-wise, two-wheeler was the best category, which performed, registering a rise of 7.3 per cent on a year-on-year basis, followed by three-wheeler (rise of 6.2 per cent), and the tractor segment registered a gain of 2.7 per cent on yoy basis. On the flip side, the Passenger Vehicle segment, Construction Equipment, and Commercial Vehicle declined by 3.1 per cent, 6.3 per cent, and 3.7 per cent, respectively. According to FADA, robust semi-urban/rural demand driven by auspicious marriage dates, strong Rabi harvest, and pre-monsoon pull helped the two-wheeler segment to register a year-on-year rise. On the other side, financing constraints in the economy segment cap upside, which led to a decline of nearly 2 per cent in the segment. The passenger vehicle segment suffered a decline, on "Elevated inventory days and subdued consumer sentiment--particularly in entry-level models--compounded by war-related tensions for border-state (J&K, Punjab, Rajasthan, Gujarat) and margin-money challenges; healthy bookings offset by weak retail conversions," FADA said. "Although bookings remained fairly healthy, retail conversions lagged on margin-money challenges and deferred decisions. OEMs must adopt a cautious, ground-reality-aligned approach to production planning and channel," said FADA President Mr. C S Vigneshwar. Additionally, "Muted freight cycles and tight liquidity weigh on truck and passenger-carrier demand; bus sales provide limited relief, while wholesales accelerate into June '25 A/C-cabin regulations," caused a deceleration in the commercial vehicle segment. However, FADA projects that global supply-chain headwinds (rare-earth constraints in EV components, geopolitical tensions) may limit urban consumer sentiment and exert cost pressure.
Time of India
21-04-2025
- Automotive
- Time of India
Montra Electric ties up with Magenta Mobility for EV logistics supply
Montra Electric has entered into a partnership with Magenta Mobility , an EV logistics company, to deploy 100 Eviator E350L electric vehicles . The Memorandum of understanding (MoU) was signed by Saju Nair, CEO of TIVOLT Electric Private Limited--Montra Electric's commercial vehicle arm--and Maxson Lewis, managing director and CEO of Magenta Mobility. As per the agreement, Montra Electric will supply 100 Eviator E350L electric vehicles to Magenta Mobility for deployment across various sectors--including FMCG, grocery, e-commerce, and telecom operation-- focusing on increased mileage, intercity operations, and enhanced driver comfort and safety. The collaboration is aimed at revolutionising green logistics in the country and seeks to provide businesses with innovative, sustainable, and efficient mobility solutions. 'We are delighted to join hands with Magenta Mobility, and this collaboration marks a significant step in our mission to drive electrification in commercial logistics. Our EVIATOR features innovative technology, industry-leading total cost of ownership, and will ensure maximum profitability for our customers. By partnering with Magenta Mobility, we are not just supplying EVs but also delivering a complete ecosystem that ensures efficiency, reliability, and profitability for fleet operators," said Nair. What all does it comprise? The EVIATOR E350L vehicles, recently launched at the Bharat Mobility Global Expo, are noted for their specifications, performance capabilities, and advanced software-defined vehicle (SDV) and telematics solutions. Montra Electric will also provide tailored service and charging solutions to ensure maximum uptime and operational efficiency for Magenta Mobility's fleet. The partnership will focus on increasing daily mileage, supporting intercity operations, and enhancing driver comfort and safety. The goal is to accelerate the adoption of electric vehicles in the 4-wheeler Small Commercial Vehicle (e-SCV) segment. Maxson Lewis, managing director and CEO, Magenta Mobility said: 'We are excited to collaborate with Montra Electric. Magenta Mobility is always committed to sustainable and efficient logistics in India, and Montra Electric's EVIATOR perfectly aligns with our vision to revolutionize green logistics in the country.'
