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Yahoo
14-05-2025
- Automotive
- Yahoo
Marginal gains in India's March Light Vehicle wholesales
In March, Light Vehicle (LV) wholesales in India experienced a modest increase of 1% month-on-month (MoM), totaling 446k units. Although this represented a slight improvement, the year-on-year (YoY) growth rate was more substantial at 5%. Passenger Vehicle (PV) sales saw a 2% MoM and 5% YoY increase to 380k units. Additionally, the total for Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6 tons reached 66k units, reflecting a 3% MoM decrease but a 7% YoY gain. March began with subdued demand due to the inauspicious Kharmas period. However, as the month progressed, sales volumes recovered, supported by fiscal year-end depreciation benefits and attractive incentives. Nonetheless, liquidity challenges and regional pockets of low demand, along with weaker GDP growth, had a detrimental impact. Retail sales of PVs and LCVs in March rose by 15% MoM to 403k units, compared to 349k units in February and 522k units in January, according to data from the Federation of Automobile Dealers Associations (FADA). PV retail sales increased by 16% MoM, while LCV sales grew by 15% MoM. The early-month weakness, attributed to the Kharmas period, was counterbalanced by a surge in the final week, driven by festivals such as Navratri, Gudi Padwa, Eid, and year-end depreciation benefits, as reported by FADA. Retail sales in the PV segment particularly benefited from discounting, impending price hikes, and festive purchasing. New model introductions and improved variant availability also contributed to growth. However, these positive factors were tempered by liquidity constraints and localized areas of weak demand, FADA noted. Consequently, PV inventory levels increased to 50-55 days at the end of March, compared to 50-52 days in February and 50-55 days in January, according to FADA. Meanwhile, total LV sales in Q1 2025 grew by 4% YoY to over 1.3 million units. This figure included 1.1 million PVs (+3% YoY) and 200k LCVs (+10% YoY). At the onset of 2025, India's economic momentum seemed to falter after some recovery in late 2024. Domestic consumption exhibited signs of deceleration, with unemployment remaining elevated, especially in urban areas. Internationally, reduced imports and diminished global demand presented challenges. Trade policies are in flux, with import duties anticipated to rise significantly, although India maintains certain competitive advantages over regional rivals. Inflation has remained stable, supported by lower oil prices and robust crop yields. In response, the Reserve Bank of India has relaxed monetary policy by lowering its key interest rate to 6% to bolster the recovery amidst escalating risks. This marks the second consecutive reduction since February. It is anticipated that another rate cut may occur at the next meeting in June. Our partner, Oxford Economics (OE), has revised India's GDP forecasts downward by 0.2 pp from 6.7% to 6.5%, mainly due to global uncertainty affecting trade and investment, prompted by US tariffs. Nonetheless, our LV sales forecast remains largely unchanged, with only minor adjustments. We maintain our projection that sales in 2025 will exceed 5 million units for the first time in the market's history, reaching 5.1 million units (+3% YoY). Looking ahead, we anticipate this figure to climb to 6.8 million units by 2032. Specifically, we forecast PV sales in 2025 to rise by 3% YoY to 4.3 million units, with a 2032 outlook of 5.9 million units. Simultaneously, we project LCV sales to grow by 7% YoY to 743k units this year, with our 2032 forecast currently standing at 924k units. This article was first published on GlobalData's dedicated research platform, the . "Marginal gains in India's March Light Vehicle wholesales – GlobalData" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
News18
12-05-2025
- Business
- News18
Festive Seasons Boost Real Estate Investments: What To Keep In Mind While Buying Property
Last Updated: Expert highlights the importance of fundamentals, tax benefits, and strategic planning over seasonal discounts in luxury shopping and real estate in India. Authored by Sachin Bhandari, Executive Director & CEO, VTP Realty: Luxury shopping and investment in India have always favoured auspicious timing. Be it Gudi Padwa, which holds special meaning for Maharashtrians, or Akshaya Tritiya, a nationally observed day and part of the significant 3.5 muhurats of the Hindu calendar, informed and calculated purchase decisions on such days are believed to attract desired and even extraordinary returns over time. Residential real estate is no exception to this norm, and as festive seasons propel investments in other luxury categories such as gold and launch businesses, buying a home remains the ultimate symbol of prosperity. This belief has stood the test of time across generations and geographies, making the day truly pan-Indian in its appeal, cutting across communities and regional identities. For instance, Akshaya Tritiya 2025 observed a significant rise in inquiries, site visits, final bookings, and possessions of properties, indicating a predictable pattern of consumer behaviour with favourable upticks in inquiries and possessions specifically during the festive season over the years. Thus, homebuyers should pay attention to the following suggestions. Think Beyond Offers While seasonal discounts are tempting, property buyers should prioritise fundamentals such as location, developer track record, approvals, and long-term appreciation potential. Infrastructure upgrades and enhanced connectivity, especially in tier-2 cities, are becoming key drivers of real estate value. Special festive schemes like reduced EMIs or no-cost down payments can be enticing. However, it's important to understand their long-term implications to avoid surprises later. Aligning with the start of the financial year, investment during the festive season also offers practical advantages. Homebuyers can optimise annual tax savings through deductions on home loan principal, interest payments, and registration charges. Investing early in the fiscal cycle allows buyers to maximise tax benefits over the year ahead. Even in emotionally driven purchases, legal diligence must not be overlooked. Responsible investment blends faith with foresight. Aligning purchase with personal career growth There's also a financial rhythm to this season. With the start of the new fiscal year, salary increments, bonuses, and job transitions are common, making it a naturally conducive time for bigger financial commitments. Pair that with one of the most spiritually significant days of the year, and you get a compelling recipe for homebuying. Value addition beyond discounts Homebuying is never an impulsive decision; it is deliberate, researched, and carefully timed. And while the market often sees a flurry of discounts and festive offers during such periods, we believe in going beyond that. Smart homebuyers aren't swayed solely by discounts or free gold coins. They're looking for tangible, lasting value, favourable financing terms, transparent transactions, and projects that live up to their brochures. In an era where homebuying has evolved from being purely emotional to increasingly strategic, customers are rightfully seeking more than symbolic value—they demand substance, transparency, and long-term growth. The views expressed in this article are those of the author and do not represent the stand of this publication. First Published: May 12, 2025, 12:14 IST
Time of India
30-04-2025
- Business
- Time of India
Nashik city records brisk sale in gold, real estate & auto sectors on Akshay Tritiya
Nashik: Akshay Tritiya saw significant business across gold, real estate, and automobile sectors in Nashik city on Wednesday, with a total turnover of around Rs 575 crore across the jewellery, real estate and automobile sectors in Nashik city alone. Tired of too many ads? go ad free now Akshay Tritiya, along with Dasara, Dhanteras, and Gudi Padwa, is considered an auspicious occasion for starting new ventures and making decisions for growth and prosperity. Gold alone registered about Rs 70 crore in sales in Nashik city. Chetan Rajapurkar, a senior member of the Nashik Jewellers' Association, said there was a rush in the markets to buy gold despite high price. "Customers usually invest in gold coins and bars on this day every year. There was also a demand for gold jewellery. The rush of customers was seen throughout the day except for two to three hours in the afternoon, which increased towards the evening," Rajapurkar said. Girish Navase, president of the association, said the jewellery market registered good business despite high gold prices. "Most of the customers made their bookings for gold around two to three weeks back and took the deliveries on the occasion of Akshay Tritiya," Navase said. In Nashik, the gold price was recorded at Rs 98,500 per 10 gm (including GST) on Akshay Tritiya on Wednesday, against Rs 75,200 per 10 gm (including GST) on the same auspicious occasion last year. The silver price was recorded at Rs 99,500 per kg (including GST) on Wednesday, against Rs 84,900 per kg (including GST) on the same auspicious occasion last year. Businesses lured customers with discounts and zero-down-payment schemes to capitalise on the auspicious occasion of Akshay Tritiya. Tired of too many ads? go ad free now Tushar Gaikwad, the owner of a cellphone shop, said, "We offered several discounts and a 0% finance scheme, which received a good response till Wednesday evening." The real estate sector too recorded heavy bookings in Nashik city on Wednesday. Builders claimed of over 500 flat bookings, totalling Rs 250 crore. "There was strong demand for ready possession 2 and 3 BHK flats. Specifically, 2 BHK flats were in demand in areas like Gangapur Road and Govind Nagar, while 3 and 4 BHK flats were sought after in Pathardi, Makhamalabad and Adgaon," Gaurav Thakkar, president of Credai-Nashik, said. In the automobile sector, 1,500 four-wheelers worth Rs 225 crore and around 3,000 two-wheelers worth Rs 30 crore were sold on the auspicious occasion of Akshay Tritiya, industry experts said.
Time of India
29-04-2025
- Automotive
- Time of India
Overall vehicle registrations decline in Pune by 7% in Akshay Tritiya week this year, car sales up 5%
1 2 3 Pune: This Akshay Tritiya, the overall vehicle registrations dropped around 7% under the jurisdiction of the regional transport office, Pune, but car sales increased by 5% compared to the last year. According to the regional transport office (RTO), Pune, a total of 6,710 vehicles were registered between April 22 and 29 — the day before Akshay Tritiya — this year. As many as 7,191 vehicles were registered between May 2 and 9 last year. The auspicious occasion when people tend to buy new things, including vehicles, was on May 10 last year. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "We cannot really define the reason behind the dip in vehicle sales this Akshay Tritiya. One reason can be Gudi Padwa being celebrated recently. Many people bought new vehicles then. Also, nowadays people don't wait for festivals to buy new vehicles," an RTO official said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Adidas Three Shorts With 60% Discount, Limited Stock Available Original Adidas Shop Now Undo "We cannot think about any other reason. The overall vehicle registration in this calendar year is quite inspiring," another RTO official said. Gudi Padwa was on March 30 this year. The Pune RTO registered a total of 10,170 vehicles between March 20 and 28 — an increase of 39% from the figures in 2024. A total of 7,336 vehicles were registered on the eve of the festival last year. Cut to the Akshay Tritiya week this year. The registration of two-wheelers dropped by around 12% compared to that in 2024. A total of 4,177 two-wheelers were registered this year compared to 4,752 in the previous year on the eve of the occasion. A Kharadi resident, requesting anonymity, said, "I wanted to buy a two-wheeler before Akshay Tritiya but couldn't because of lack of funds. Salaries have not increased as the inflation did. Also, the cost of two-wheelers is very high these days. I will continue to drive my old two-wheeler because I have no choice." There was a silver lining in the little over 5% increase in cars' registrations this Akshay Tritiya. A total of 1,680 four-wheelers were registered with the Pune RTO this year against last year's 1,593. The registration of autorickshaws and goods vehicles also increased this year. Kondhwa's Devendra Gadwe said he would have a new autorickshaw on Wednesday. "I was fired by a company. Then I took a loan and booked an autorickshaw to earn a living," he said.
Time of India
29-04-2025
- Automotive
- Time of India
Akshaya Tritiya: 2-wheeler registrations up 61%
Mumbai: New car registrations in the city rose by 5% while two-wheeler registrations jumped by a whopping 61% in the week ahead of the Akshaya Tritiya (Wednesday) compared to the festival period last year, according to transport department statistics . The car registrations were highest in Tardeo RTO at 403 cars, while two-wheeler registrations were maximum at Borivli RTO with 1,536 new vehicles, sources at RTO said. Nearly 1,500 new cars and close to 4,500 two-wheelers were registered for deliveries. The purchase of new automobiles in Mumbai usually peaks during four days of the year—Gudi Padwa, Akshaya Tritiya, Dussehra, and Diwali. These are considered auspicious days for starting new ventures or making new purchases. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai When it came to green vehicles, statistics showed that there were 73 new electric vehicles booked for Akshaya Tritiya, while the registration of CNG vehicles was 867 at the four RTOs collectively in the past week. Wadala RTO recorded the highest number of CNG registrations at 234 vehicles, while Tardeo (island city) had the highest number of e-car and e-bike registrations. The rapid growth in vehicle numbers, particularly two-wheelers, presents significant challenges for urban mobility . The current situation demands immediate attention from civic authorities to prevent further deterioration of traffic conditions, said a transport expert. Statistics indicated that the existing road infrastructure cannot sustain this exponential growth in vehicle numbers. Transport experts are worried about the increasing vehicular population on city roads, especially two-wheelers. While the total vehicle population in the city has crossed 50 lakh, there are over 14 lakh private cars and more than 30 lakh two-wheelers. at 2,500 vehicles per km, the density of vehicles in the city is one of the highest in the country . A city transport analyst said: "Public transport infrastructure needs substantial enhancement to provide a viable alternative to private vehicles. This includes increasing the frequency of buses, expanding metro networks, and improving last-mile connectivity. Implementing dedicated bus lanes and encouraging carpooling could help reduce the number of private vehicles on roads." Experts said that with the car population bursting at its seams and limited roads, the density could shoot over 3,000 vehicles per km and cars over 800 per km in a couple of years if left unchecked.
