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Commercial vehicle sales growth outperform car sales in festive month of October
Fri, Nov 03, 2017
The growth is driven by pent-up demand post GST, healthy replacement-led demand especially in Tractor Trailer segment owing to stricter implementation of CMVR regulations and pick-up in construction
Automobile components industry to grow by 9-11%; raw material prices play spoilsport
Sat, Sep 09, 2017
The rise in commodity prices still put pressure on automobile components in the country despite the growth.
Tata Motors' comeback in MHCV segment helps lift CV sales in August
Mon, Sep 04, 2017
Tata Motors' recovery mainly in the MHCV segment has helped push the entire CV segment due to it being the leading player.
Will GST help drive truck demand in India?
Fri, Aug 18, 2017
GST has reduced the time for trucks to deliver cargo and as a result has increased the efficiency of fleets and could increase the revenues of fleets significantly.
Car sales rise by 15% in post-GST month of July: SIAM
Fri, Aug 11, 2017
Car sales rose by 15% on good growth in the UV segment as price cuts due to implementation of GST fuelled growth.
Strong demand for Tiago, Tigor, Hexa pushes Tata Motors car sales up by 10% in July
Tue, Aug 01, 2017
Tata Motors saw a good growth in its domestic passenger vehicle sales during July. It also saw a recovery in sales of its MHCV segment during the month.
Ashok Leyland expected to hike prices by 1% in August
Tue, Jul 25, 2017
Ashok Leyland reported a weak quarter of results in the June ended quarter due to the impact of BS-IV norm and the implementation of the GST norm.
MHCV revival in demand to be delayed as govt leaves out truck transporters out of GST registration
Mon, Jun 26, 2017
The government has given truck transporters a relief from the GST registration which would lead to delay in consolidation in the industry and would also delay MHCV demand.
Mahindra posts 3% rise in car sales in May; good double-digit growth in CV sales
Thu, Jun 01, 2017
Mahindra's total domestic sales in May saw a large 11% growth which was mainly on the back of a good growth in light commercial vehicle sales.
MHCV sales plummets by 55% in April; poor sales to continue for next 6 months
Tue, May 09, 2017
MHCV sales plummeted to 10,602 units in April 2017 from 23,515 units sold in the same month last year.
Tata Motors posts 23% growth in passenger vehicles sales; CV sales affected due to BS-III ban
Mon, May 01, 2017
Tata Motors said that the commercial vehicles (CV) were affected by the Supreme Court judgement announced on March 29
Here's how Ashok Leyland is one step ahead of competitors in the BS-IV race
Sat, Apr 29, 2017
Ashok Leyland expects the these three segments to contribute 50% of its revenues, up from 30% currently
Ambiguity over BS-IV norms implementation may hurt pre-sales of automobile firms
Wed, Feb 22, 2017
Despite the government giving a year for automobile companies to follow the BS-IV emission norms, many continue to ask for an extension in the deadline.
Govt vehicle scrapping scheme can boost CV sales by 65%: Report
Wed, Feb 22, 2017
The Voluntary-Vehicle Modernisation Programme (V-VMP) scheme also know old vehicle scrapping scheme that the Ministry of Road Transport and Highways is working on that incentivises buyers of new commercial vehicles (CV) is expected to increase CV sales volumes by a cumulative 65% (over sales in F
MHCV sales to post steep decline in sales in FY18: Report
Mon, Feb 06, 2017
Despite the Budget's focus on the rural sector MHCV sales is expected to see a substantial decline in CV sales in FY18.
Mahindra tractor, pick-up sales buck demonetisation impact
Wed, Jan 04, 2017
Tractor sales grew by a large 9%, while pick-ups grew by 14% year-on-year despite demonetisation
This is how GST is impacting commercial vehicle sales
Mon, Oct 10, 2016
MHCV sales declined by 14% in Q2 FY17 from a huge 43% growth in the corresponding quarter last year, according to data from Society of Indian Automobile Manufacturers (SIAM).
Automobile sector finds growth lane but can it change gears?
Sun, Oct 09, 2016
It looks like automobile sector in India is finally taking the much needed corner towards higher sales.
Passenger vehicle sales grows over 6% in Q1; CV rises 13%: SIAM
Mon, Jul 11, 2016
This growth in sales was on the back of sales of utility vehicles (UV) which posted a 38.04% growth.