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Time of India
a day ago
- Automotive
- Time of India
India's auto retail slips 4.3%: Passenger vehicles, two-wheelers' sales decline in July; tractor segment bucks trend with 11% growth
AI-image Retail sales of vehicles across categories in India declined 4.31 per cent year-on-year to 1.96 million units in July, reflecting weak consumer sentiment on a high base. While tractor sales posted strong double-digit growth, passenger vehicles and two-wheelers saw declines, and commercial vehicle sales remained largely flat. Robust rainfall and substantial crop sowing boosted tractor demand, according to registration data from the VAHAN portal compiled by the Federation of Automobile Dealers' Associations (FADA), cited by Economic Times. Two-wheeler registrations fell 6.5 per cent to 1.36 million units, passenger vehicle sales slipped 1 per cent to 328,613 units, and commercial vehicle registrations held steady at 76,439 units. Three-wheeler sales inched up 0.8 per cent to 111,426 units. Tractor sales rose 11 per cent to 88,722 units. 'After three consecutive months of growth, India's auto retail sector applied the brakes in July, with overall retails declining by 4.31% YoY,' said C S Vigneshwar, president, FADA. 'This pullback largely stems from a high-base effect in July 2024, when an extreme heat wave was immediately followed by excessive rainfall, constraining volumes before a rebound later that month. ' The two-wheeler segment saw reduced rural footfall due to crop-sowing activities and sustained heavy rainfall. Dealers expect sales to pick up post-monsoon, with many purchases postponed to August ahead of the festive period, Vigneshwar added. In the passenger vehicle segment, rural markets outperformed urban ones, with dealer inventory at 55 days. Maruti Suzuki retained its lead, while Hyundai Motor India overtook Mahindra & Mahindra for the No. 2 spot, selling 43,009 units versus M&M's 42,207 units. Commercial vehicle sales posted a marginal 0.2 per cent increase, aided by new product launches, marketing campaigns, institutional orders, and adequate stock availability. 'Rural haulage demand, however, remained fragmented amid heavy rainfall, seasonal softness in cement, coal and construction logistics, and slower financier disbursements, prompting many buyers to defer purchases to the post-monsoon period,' said Vigneshwar. The tractor segment's growth was supported by timely and enhanced farm subsidies alongside favourable monsoon conditions. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Economic Times
2 days ago
- Automotive
- Economic Times
No U-turn yet, vehicle sales keep sliding
Agencies While two-wheeler sales fell 6.5% on-year to 1.36 million units in July this year, passenger vehicle sales declined by about 1% to 328,613 units. Total retail sales of passenger vehicles, two-wheelers, three-wheelers, tractors, and commercial vehicles in India fell 4.31% year-on-year in July to 1.96 million units, on a high base, and reflecting sluggish consumer demand. Retail sales of both passenger vehicles and two-wheelers fell during the month while commercial vehicle sales remained flat. The only exception was a double-digit increase in tractor sales, thanks to plentiful rains and robust crop sowing. Retail sales are counted as vehicle registrations. Data collated by dealers lobby group Federation of Automobile Dealers' Associations (FADA) from the VAHAN portal of the Ministry of Road, Transport and Highways (MoRTH) showed about 2 million vehicles across categories were registered in July 2024. While two-wheeler sales fell 6.5% on-year to 1.36 million units in July this year, passenger vehicle sales declined by about 1% to 328,613 units. Commercial vehicle sales were largely flat at 76,439 units last month, while three-wheelers grew 0.8% to 111,426 units. Tractors beat the subdued industry trend, posting a 11% sales increase to 88,722 units. "After three consecutive months of growth, India's auto retail sector applied the brakes in July, with overall retails declining by 4.31% YoY," said C S Vigneshwar, president, FADA. "This pullback largely stems from a high-base effect in July 2024, when an extreme heat wave was immediately followed by excessive rainfall, constraining volumes before a rebound later that month."In the two-wheeler segment, crop-sowing activity and prolonged heavy rains dampened rural footfalls more sharply than urban. Dealers are nevertheless confident of a post-monsoon uptick, with several purchase decisions deferred to August ahead of the festive season, said the passenger vehicle segment, rural markets outperformed urban. Dealer inventory is currently at around 55 days. While Maruti Suzuki kept its leadership of the domestic car market, Hyundai Motor India beat Mahindra & Mahindra to reclaim the second slot. Hyundai's retail sales stood at 43,009 units last month, ahead of M&M's 42,207 units. CV sales inched up by 0.2% in July led by some momentum in urban markets. Dealers said new-model launches, aggressive marketing support, bulk institutional orders, and timely stock availability helped drive sales. "Rural haulage demand, however, remained fragmented amid heavy rainfall, seasonal softness in cement, coal and construction logistics, and slower financier disbursements, prompting many buyers to defer purchases to the post-monsoon period," said sales grew by a robust 11%, helped by timely release of enhanced farm subsidies and favourable monsoon rains.
Time of India
2 days ago
- Automotive
- Time of India
No U-turn yet, vehicle sales keep sliding
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Total retail sales of passenger vehicles, two-wheelers, three-wheelers, tractors, and commercial vehicles in India fell 4.31% year-on-year in July to 1.96 million units, on a high base, and reflecting sluggish consumer sales of both passenger vehicles and two-wheelers fell during the month while commercial vehicle sales remained flat. The only exception was a double-digit increase in tractor sales, thanks to plentiful rains and robust crop sales are counted as vehicle registrations. Data collated by dealers lobby group Federation of Automobile Dealers' Associations (FADA) from the VAHAN portal of the Ministry of Road, Transport and Highways (MoRTH) showed about 2 million vehicles across categories were registered in July two-wheeler sales fell 6.5% on-year to 1.36 million units in July this year, passenger vehicle sales declined by about 1% to 328,613 units. Commercial vehicle sales were largely flat at 76,439 units last month, while three-wheelers grew 0.8% to 111,426 beat the subdued industry trend, posting a 11% sales increase to 88,722 units."After three consecutive months of growth, India's auto retail sector applied the brakes in July, with overall retails declining by 4.31% YoY," said C S Vigneshwar, president, FADA. "This pullback largely stems from a high-base effect in July 2024, when an extreme heat wave was immediately followed by excessive rainfall, constraining volumes before a rebound later that month."In the two-wheeler segment, crop-sowing activity and prolonged heavy rains dampened rural footfalls more sharply than urban. Dealers are nevertheless confident of a post-monsoon uptick, with several purchase decisions deferred to August ahead of the festive season, said the passenger vehicle segment, rural markets outperformed urban. Dealer inventory is currently at around 55 Maruti Suzuki kept its leadership of the domestic car market, Hyundai Motor India beat Mahindra & Mahindra to reclaim the second slot. Hyundai's retail sales stood at 43,009 units last month, ahead of M&M's 42,207 sales inched up by 0.2% in July led by some momentum in urban markets. Dealers said new-model launches, aggressive marketing support, bulk institutional orders, and timely stock availability helped drive sales. "Rural haulage demand, however, remained fragmented amid heavy rainfall, seasonal softness in cement, coal and construction logistics, and slower financier disbursements, prompting many buyers to defer purchases to the post-monsoon period," said sales grew by a robust 11%, helped by timely release of enhanced farm subsidies and favourable monsoon rains.
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Business Standard
08-07-2025
- Automotive
- Business Standard
EV sales rise 28.6% in June; electric PVs, CVs lead growth: Fada
India's electric vehicle (EV) market registered a 28.60 per cent year-on-year increase in total sales in June 2025, according to data shared by the Federation of Automobile Dealers' Associations (Fada). Fada President CS Vigneshwar credited the growth to government schemes, especially the PM e-Drive Scheme, and increased investments in domestic EV innovation. 'The rise in EV penetration across segments is a clear sign that India is embracing clean mobility,' he told news agency PTI. 'Electric three-wheelers now make up over 60 per cent of the segment sales, and electric cars and commercial vehicles are gaining ground.' Vigneshwar added that the expansion of charging infrastructure is also helping build consumer confidence, aligning India's EV ecosystem with the country's climate and energy security goals. e-PVs nearly double, two-wheelers sales up A total of 180,238 EV units were sold during the month, driven by sharp gains in electric passenger vehicles (e-PVs) and continued momentum across two-, three-, and commercial vehicle segments. The electric passenger vehicle segment nearly doubled, with sales rising 79.95 per cent to 13,178 units, compared to 7,323 units in June 2024, Fada data showed. The segment now accounts for 4.4 per cent of total EV sales, up from 2.5 per cent last year, indicating growing consumer trust in electric mobility for personal transport. Electric two-wheeler sales rose 31.69 per cent year-on-year to 1,05,355 units, up from 80,003 units in June 2024. Their share in overall two-wheeler sales also grew to 7.3 per cent, compared to 5.8 per cent a year ago. "Overall, June demonstrated a resilient two-wheeler performance amid mixed market signals,' Vigneshwar commented on June's Fada sales report released on Monday. Three-wheelers hold largest market share Electric three-wheelers retained their lead in EV market share, with 60,559 units sold, marking a 15.79 per cent year-on-year increase. Their share of total EV sales grew to 60.2 per cent, up from 55.4 per cent in June 2024, as their role in last-mile connectivity and urban logistics grows. Meanwhile, the electric commercial vehicle segment, while still small, recorded the highest growth rate, with sales rising 122.5 per cent to 1,146 units, up from 515 units in June 2024. Overall, automobile retail sales in June 2025 crossed two million units, marking a 5 per cent year-over-year increase from 1.91 million units sold in June 2024.
Time of India
24-04-2025
- Automotive
- Time of India
Young buyers drive luxury EVolution
New Delhi: Young, aspiring Indians are increasingly taking to premium electric vehicles, with substantial sales to first-time buyers. This marks a rare bright spot for the domestic auto industry where mainstream EV makers are scaling back sales targets amid sluggish demand. Around 1,100 EVs were sold in the luxury segment in the March quarter, a 61per cent rise YoY, showed data collated by the Federation of Automobile Dealers' Associations (FADA). Electric car sales in the mass market, in comparison, grew nearly 26per cent to 31,400 units, from 25,000 units in the same period. German luxury brand BMW, which launched its sixth EV model in India earlier this year, said as much as half of the customers for the LWB E-X1-the long wheelbase version of its electric X1 SU-are first-time luxury car owners. The carmarker said demand is now coming from beyond metros. "It is not only the metros. We are seeing strong demand for EVs, even from Tier-II cities like Jaipur," said Vikram Pawah, president, BMW Group India. Unlike the ICE (internal combustion engine) segment led by Mercedes-Benz India, BMW leads the luxury EV segment with 60per cent market share, according to data from the VAHAN portal of the Ministry of Road, Transport & Highways. At Sweden's Volvo, first-time luxury car buyers comprise 30-40per cent of its EV sales in India. "We have seen customers coming forward and buying our BEV (Battery Electric Vehicles) cars as their first luxury car. This trend will only grow with time," noted Jyoti Malhotra, managing director at Volvo Cars India. The average age of a BMW X1 LWB EV customer is 39 years, compared to 42 for the ICE version of the X1. "An influx of startups, young entrepreneurs, and a boost in the economy is making this possible," said Balbir Singh Dhillon, Head, Audi India. At Mercedes-Benz India, while the age profile of EV and ICE customers is similar, managing director Santosh Iyer said, "The BEV customers form a different psychographic set; being more digitised, value sustainability and influenced by children at home." Till now, Mercedes-Benz India's electric car customers mostly came from the metro markets of Delhi NCR, Mumbai, Hyderabad, and Bengaluru. Iyer, however, pointed out that the current "penetration of electric vehicles in some emerging markets like Kerala, Gujarat is encouraging". German rival Audi too is witnessing growing demand for EVs from smaller cities like Coimbatore and Chandigarh, in addition to the metros. The outperformance in the luxury EV segment comes as an outlier in India's overall EV market with most mainstream car sellers struggling to attract buyers.
