Automakers worry about slow recovery in demand in urban India
4 years, 3 months ago

Automakers worry about slow recovery in demand in urban India

Live Mint  

NEW DELHI: India’s passenger vehicle and two-wheeler manufacturers are concerned that a delayed recovery in demand in the urban markets might lead to a prolonged slowdown in the industry. According to industry executives and analysts, around 70% of demand for cars, utility vehicles, scooters and premium motorcycles comes from urban pockets especially the top 20 cities which are most affected by covid-19 pandemic. Volume drivers and high margin products like compact and mid-sports utility vehicles and sedans are mostly dependent on the urban market for bulk of the demand. Post lockdown, vehicle sales especially of entry level cars and motorcycles, in the rural market picked up faster due to a healthy monsoon, good summer crop, government subsidies and less infections of covid -19.

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History of this topic

Passenger vehicle sales slide in November as stock pile-up in showrooms persists
1 month ago

Passenger vehicle sales slide in November as stock pile-up in showrooms persists

Live Mint  

New Delhi: Retail sales of passenger vehicles fell 13.72% year-on-year in November, reflecting subdued post-festive demand and lingering inventory challenges, according to data released by the Federation of Automobile Dealers Associations on Monday. Overall retail sales of vehicles across categories rose more than 11% to 32,08,719 units in November, from 28,85,317 units a year ago, lifted by a near 16% …

Rural consumption revival pushes digital demand in small towns
2 months ago

Rural consumption revival pushes digital demand in small towns

Live Mint  

Indians in smaller towns are spending more online than their urban counterparts on the back of a much-awaited revival in rural demand. Festive season spending patterns indicate a revival in semi-urban and rural consumption demand, with smaller cities seeing a significant rise in spending. Urban consumption growth in the September quarter fell sharply to 2.8% from 10.1% in the March …

Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in
Trending News
2 months, 3 weeks ago

Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in

Live Mint  

The upcoming festive season is expected to be a game-changer for the Indian auto industry, with select segments poised for growth. Two-wheeler and tractor sales are expected to thrive, driven by favourable base and improving rural demand. However, passenger vehicle (PV) sales may remain subdued due to consumer caution and economic factors. The industry is returning to pre-pandemic levels, with …

India's Q1 GDP: Private consumption lifts mood
4 months, 2 weeks ago

India's Q1 GDP: Private consumption lifts mood

New Indian Express  

NEW DELHI: The GDP growth slumped to a 15-month low with 6.8% real rate of growth in the first quarter of 2024-25. As per Gaura Sen Gupta, economist, India First Bank, the growth is likely led by rural demand with improvement in labour market conditions. High frequency indicators for urban demand like FMCG sales volume and passenger vehicle sales growth …

Urban India’s Parking Woes: An Overview
6 months, 3 weeks ago

Urban India’s Parking Woes: An Overview

Hindustan Times  

Vehicular congestion and insufficient parking facilities are significant emerging challenges for India’s mega and metropolitan cities, severely impairing mobility. Although curtailed by constitutional mandates, many Indian cities are seeking to resolve the issue through parking policies, focusing on regulations, pricing as a management tool, new technologies, and off-street parking provisions. This has resulted in high human density in over one …

India's Rural Demand Surpasses Urban Markets in FMCG Growth
8 months, 1 week ago

India's Rural Demand Surpasses Urban Markets in FMCG Growth

Deccan Chronicle  

Chennai: Rural demand for packaged consumer goods outpaced urban markets for the first time in five quarters, while the FMCG industry witnessed 6.5 per cent growth in sales volume in the March quarter, according to NielsenIQ. On the other hand, urban markets reported a 5.7 per cent year-on-year rise in demand and the growth was slower than the December quarter’s …

Forget Teslas, India’s EV revolution is happening on two wheels
1 year, 2 months ago

Forget Teslas, India’s EV revolution is happening on two wheels

Hindustan Times  

Even licence plates contribute to the feast of colour that is an Indian city. In 2013, the then Congress-led government launched the first national scheme—the National Electric Mobility Mission Plan—to push EVs. The incentives spurred the growth of EV scooter startups such as Ola Electric Mobility and Okinawa, which have gobbled up market share, though new firms are still emerging. …

‘Shift to luxury cars will gain pace as EV market matures’
1 year, 5 months ago

‘Shift to luxury cars will gain pace as EV market matures’

Live Mint  

New Delhi: A fast-maturing electric vehicle market in India will prove to be a tipping point for faster penetration of luxury vehicles, as the EV mass market price points shift from ₹10 lakh- ₹20 lakh to ₹30 lakh- ₹35 lakh, making the transition from mass market to luxury vehicle “more gradual" and “easier", said Santosh Iyer, managing director and chief …

Electrification targets for EVs in Delhi unrealistic, Nasscom says
1 year, 6 months ago

Electrification targets for EVs in Delhi unrealistic, Nasscom says

The Hindu  

The National Association of Software and Service Companies has raised concerns about the unrealistic electrification targets for EVs in Delhi citing supply constraints, inadequate charging infrastructure, high entry costs and challenges ahead for the cab-drivers. The industry body made these observations on the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme by the Delhi government. Nasscom says that only …

Automobile retail sales in India dropped 8% in July because of this reason: Report
2 years, 5 months ago

Automobile retail sales in India dropped 8% in July because of this reason: Report

Hindustan Times  

Automobile retail sales in the country dropped 8% in July this year on lower registrations of passenger vehicles, two-wheelers and tractors. Last month, passenger vehicle retail sales witnessed a drop of 5% at 2,50,972 units compared to 2,63,238 units in the year-ago period. According to data released by the Federation of Automobile Dealers Associations on August 4, overall automobile sales …

Are Electric Vehicles India’s Future?
2 years, 9 months ago

Are Electric Vehicles India’s Future?

The Hindu  

By 2030, 80% of two and three-wheelers, 40% of buses, and 30 to 70% of cars in India will be electric vehicles, says the NITI Aayog. As the nation gears towards its ‘Zero-emission’ 2070 dream, funds and focus are directed towards electric mobility In March 2022, Minister for Road Transport and Highways, Nitin Gadkari mentioned in the Parliament that between …

PV makers to recover faster than two-wheeler manufacturers: Report
3 years, 6 months ago

PV makers to recover faster than two-wheeler manufacturers: Report

Live Mint  

New Delhi: India’s passenger vehicle manufacturers are likely to witness a faster turnaround in sales compared to two-wheeler makers, credit rating agency Care Ratings said in a note. “The demand for passenger vehicles is much more resilient, compared with two–wheelers as PVs are used by high income groups, which are relatively less affected in the ongoing pandemic. However, a comparison …

Honda Motorcycle and Scooter India Hopeful For Sustained Demand Recovery in 2021
4 years ago

Honda Motorcycle and Scooter India Hopeful For Sustained Demand Recovery in 2021

News 18  

Two-wheeler manufacturer Honda Motorcycle & Scooter India is hopeful of a demand recovery in 2021, on the back of lower industry base, new launches and a differentiated customer experience centres. Honda Motorcycle & Scooter India’s Director for Sales and Marketing Yadvinder Singh Guleria said the company expects to clock positive sales growth during Q4FY21. “Despite the pandemic, Honda had gone …

Festival season stock building boosts September dispatches of PVs, two-wheelers
4 years, 2 months ago

Festival season stock building boosts September dispatches of PVs, two-wheelers

Live Mint  

NEW DELHI: Factory dispatches of passenger vehicles and two-wheelers rose for the second straight month in September in India, largely because of inventory building on expectation that retail demand will pick up during the October-December festival season. Passenger vehicle wholesales rose 26.5% year-on-year to 2,72,027 units in September, as demand for compact cars and entry sport utility vehicles continued to …

Honda Motorcycle and Scooter India Witnesses Healthy September Dispatches
4 years, 3 months ago

Honda Motorcycle and Scooter India Witnesses Healthy September Dispatches

News 18  

A raging pandemic along with a phase of astrologically inauspicious time period does not seem to bother Honda Motorcycle & Scooter India which foresees accelerated demand and dispatches for September. However, factors like rising Covid cases per day, persistence of some local lockdowns and the inauspicious period in September can not be ignored,” he told IANS. “On the other hand, …

Delhi's inventive answer to the electric car
4 years, 10 months ago

Delhi's inventive answer to the electric car

BBC  

Delhi's inventive answer to the electric car Getty Images Delhi has chronic air pollution problems - but a new kind of rickshaw could be part of the answer The rise of the electric three-wheeler could help to reduce India’s emissions and improve air quality, but how can this niche vehicle compete on Delhi’s busy streets? Currently, however, the bulk of …

India auto sales decline for 10th straight month, worst slump in two decades
5 years, 4 months ago

India auto sales decline for 10th straight month, worst slump in two decades

Live Mint  

Mumbai: Sales of cars and SUVs in India declined for a 10th month in August, as the worst slump in almost two decades for the country’s auto sector shows no sign of letting up. Domestic passenger vehicle sales fell for the tenth straight month in August, declining 31.57% to 1,96,524 units from 2,87,198 units in the year-ago period. Motorcycle sales …

Renault bets on semi-urban, rural areas to boost its sales
5 years, 4 months ago

Renault bets on semi-urban, rural areas to boost its sales

Live Mint  

Renault SA is seeking deeper inroads into India’s semi-urban and rural areas to boost sales after having struggled in the past two years with products like Captur and Lodgy failing to make a substantial impact. Also, like the Kwid hatchback, all the new vehicle models would be designed and developed specifically for the Indian market, Mamillapalle said, in an indication …

Missing demand: on economic slowdown
5 years, 8 months ago

Missing demand: on economic slowdown

The Hindu  

A welter of data collectively and individually point to one worrying conclusion: economic momentum across sectors is slowing in the widening absence of that key ingredient, demand. While sales of commercial vehicles, a fair proxy for overall economic activity, slid 6% last month, a 16.4% drop in demand for two-wheelers extended the segment’s slump into the new financial year, mirroring …

India's April passenger cars sales down 20%
5 years, 8 months ago

India's April passenger cars sales down 20%

The Quint  

New Delhi, May 13 Passenger car sales in India declined 19.93 per cent in April as low demand along with high interest cost continued to dent purchases. Among the other sub-segments of passenger vehicles, the number of utility vehicles sold in India went down by 6.67 per cent to 73,854 units in April 2019, while 13,408 vans were sold last …

Car sales in 2018-19 sputter in signs of worry for the Indian economy
5 years, 9 months ago

Car sales in 2018-19 sputter in signs of worry for the Indian economy

Live Mint  

New Delhi: India’s passenger vehicle industry reported its worst performance in five years in the just-ended fiscal as higher fuel prices, increase in insurance costs, lack of financing options and farm distress crimped demand. Meanwhile, with urban demand staying subdued, scooter sales fell 0.27% to 6.7 million units in the last fiscal. Rural and semi-urban markets are still performing better …

The future where India will make its moves
6 years ago

The future where India will make its moves

Live Mint  

As Rohini wakes up, she realizes there is change in her day’s schedule, her client meeting is starting two hours earlier than planned. From a consumer’s point of view, EVs available in India today do not provide the product experience that consumers have begun to expect from their vehicles. Growth in shared mobility corelates very well to electrification, as EVs …

Rural growth rate overtakes urban in India automobile sales
6 years, 4 months ago

Rural growth rate overtakes urban in India automobile sales

Live Mint  

It’s not merely a blip, but a sustained trend. According to Antique Stock Broking Ltd, the share of eastern and northern regions has increased by 570 basis points for two-wheelers and 280 basis points for passenger vehicles, since fiscal year 2017. A more detailed analysis reveals that the states of Uttar Pradesh, Bihar, Madhya Pradesh, West Bengal and Odisha have …

Opinion | An entire ecosystem needed for EVs in India
6 years, 4 months ago

Opinion | An entire ecosystem needed for EVs in India

Live Mint  

India’s automotive industry is in a growth stage—automobile production and sales in India will both have higher growth rates over the next decade than in most other auto hubs. However, with each additional combustion-engine-based vehicle we manufacture and use, we will be adding carbon dioxide and other pollutants, using additional fuel, and putting excessive load on our already saturated city …

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