Latest news with #CSVigneshwar
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Business Standard
6 days ago
- Automotive
- Business Standard
Rural sentiment, rate cuts drive 110-125cc motorcycle growth in FY25
Segment grew 12.7% in FY25, outpacing overall motorcycle market; OEMs eye further gains with new launches Anjali Singh Mumbai Listen to This Article India's entry-level motorcycle segment (110–125cc) registered a 12.7 per cent growth in FY25, with sales rising to 3.6 million units, outpacing the 5.1 per cent growth in overall motorcycle sales during the year. The segment's share in total motorcycle volumes increased from 27.4 per cent in FY24 to 29.4 per cent in FY25, reflecting its growing appeal among Indian consumers. Federation of Automobile Dealers Associations (Fada) President C S Vigneshwar attributed this momentum to improving rural sentiment, favourable monsoon expectations, and the Reserve Bank of India's recent 50 basis point rate cut. 'Entry-level buyers are highly sensitive to financing costs.
India Today
09-06-2025
- Automotive
- India Today
Tata, Mahindra driving EV surge in India. Will global giants plug in?
Indian drivers seem to have acquired a taste for electric vehicles — the share of EVs in overall car sales is gradually increasing, and two Indian carmakers hold more than half of this share. From 2.6 per cent of the total passenger cars sold in May 2024, the share of EVs crossed the four per cent mark for the first time in May 2025, according to the Federation of Automobile Dealers IS BEHIND THE EV PUSH?The EV market is mostly driven by three major automobile manufacturers that together hold 87.4 per cent of the market share. In May 2025, Tata Motors had the highest share at 35.4 per cent, JSW MG Motors had a 30.6 per cent share, and Mahindra & Mahindra held 21.4 per cent of the EV market share. Notably, Maruti Suzuki, the biggest carmaker in India, is not in the EV race. In contrast, JSW MG Motors is not focusing on internal combustion engine car sales. Given the limited car choices for Indian consumers, will this rise attract foreign carmakers like Tesla? If so, will that be more beneficial for customers, or a bigger threat to domestic carmakers, or both?Speaking to India Today, FADA President CS Vigneshwar said the group welcomes the entry of leading global EV original equipment manufacturers like Tesla as a 'critical catalyst for expanding consumer choice and elevating technology benchmarks within India's rapidly electrifying passenger-vehicle market'.advertisementHe added that any new entrant seeking sustainable success must adopt an India-centric strategy: invest in local research and development, manufacturing, and supply-chain ecosystems; understand price-sensitive Indian consumers; and align product portfolios with the real-world needs of the country's diverse IN INDIAUnder the new EV policy aimed at promoting Make in India, foreign carmakers will have to establish local production units to benefit from India's import subsidy regime, without which, they will incur a 70 per cent customs global companies like Mercedes-Benz and Volkswagen have shown interest in the Indian EV market and are exploring possibilities under the new scheme to invest in local production. Tesla, which was in talks about setting up production in India, is now only looking to expand Watch
Time of India
05-05-2025
- Automotive
- Time of India
Mahindra overtakes Hyundai & Tata, is 2nd largest desi carmaker by retail sales
Kolkata: Home-grown sports utility vehicle major Mahindra & Mahindra has, for the first time, emerged second in retail sales of passenger vehicles with a clear 1.2% market share difference over Tata Motors , which is ranked third, and a 1.4% difference over Hyundai Motor, which is ranked fourth. Maruti Suzuki remains the market leader with a 39.4% market share, a clear lead of 25.6% over Mahindra. In the data for April announced by the Federation of Automobile Dealers Association, M&M registered retail sales of 48,405 units in April 2024, up from 38,696 units in April 2023 when it was fourth on the market share chart among carmakers in India. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Maruti Suzuki, which dropped nearly 1% market share during the period, recorded retail sales of 1,38,021 units in April 2024, down from 1,39,173 units in April 2023. Tata Motors' sales also decreased from 46,915 units in April 2023 to 44,065 units in April 2024. However, it is Korean automaker Hyundai Motor that witnessed the sharpest slide, with retail sales down from 49,243 units in April 2023 to 43,643 units in April 2024. Hyundai, which has consistently been the No. 2 carmaker in market share in India for the past two-and-a-half decades, slipped from that spot in Feb 2024 to No. 4 and has since remained at the bottom of the leaders' board. The top four carmakers together occupy a 78.35% market share in the auto industry. Even in wholesales, Hyundai occupied the second spot until Jan. It was pushed to the third spot by M&M in Feb. While it managed to narrowly reclaim the second spot in March, it was pushed to the fourth spot in April by M&M and Tata Motors. The surge of M&M, which manufactures only SUVs in the passenger vehicle segment, is primarily owing to the dominance of SUVs as customer preference, while other body stylings — hatchbacks, sedans and multi-utility vehicles — declined over the past seven to eight years. FADA president C S Vigneshwar said sustained SUV demand underpinned volumes even as entry-level customers remained cautious, underscoring the need for OEMs to recalibrate production and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships. He further pointed out that despite limited model introductions, the PV segment registered a 1.5% year-on-year increase alongside a marginal 0.2% month-on-month decline in sales.
Economic Times
05-05-2025
- Automotive
- Economic Times
Car & 2-wheeler sales crawl in April, commercial vehicles stall
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Vehicle registrations in India grew by 3% to 2.29 million units in April as two-wheeler and passenger vehicle segments recorded modest increases while commercial vehicle registrations or retail sales of two-wheelers and passenger vehicles grew by 2.3% and 1.6% to over 1.68 million units and 349,939 units respectively. Three-wheelers and tractors fared comparatively better, posting growth of 24.5% and 7.6% to 99,766 and 60,915 units respectively, showed data collated by Federation of Automobile Dealers Associations (FADA) from the VAHAN portal of the road ministry. Retail sales of commercial vehicles though, fell by 1% to 90,558 units in April."With the tariff war paused, stock markets staged a sharp pullback-alleviating investor concerns-and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said C S Vigneshwar, president, the two-wheeler segment, the demand environment remained stable despite mixed headwinds. "Dealers reported buoyant enquiry growth in rural areas post Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook. Wedding-season tailwinds (also) sustained rural offtake," said Vigneshwar, adding that demand also remained robust in urban limited new model introductions, passenger vehicle sales grew at a modest pace, backed by discounts and promotional offers. While demand remained healthy for SUVs, entry-level car buyers remained cautious. Dealers urged automakers to align production with market demand and reduce stock levels to mitigate deeper discounts and carrying costs at the month, sales of commercial vehicles continued to be under pressure amid product price increases, stagnant freight rates, and low fleet segment however saw healthy demand from school transport and staff mobility said the agricultural cycle this month is expected to conclude on a strong note, supported by healthy crop prices and robust mandi procurement."The IMD's forecast of an above-normal Southwest monsoon bodes well for rural incomes, farm-sector growth and downstream demand", he said, adding that a well-distributed rainy season is critical to containing food per Kantar's Rural Barometer and GroupM data, household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. This is impacting sales of non-essential items, FADA said.
New Indian Express
05-05-2025
- Automotive
- New Indian Express
Retail auto sales start FY26 on a positive note, grow 3% in April
NEW DELHI: On the back of festive purchases around Akshay Tritiya and rural demand post-harvest, India's total automobile retail sales rose 2.95% year-on-year in April 2025, reaching 22.87 lakh units, according to the Federation of Automobile Dealers Associations (FADA). Growth was seen in all segments except commercial vehicles, which dipped 1% year-on-year. "With the tariff war paused, stock markets staged a sharp pullback—alleviating investor concerns—and customers thus leveraged Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu to complete purchases, helping April end on a positive note," said FADA President CS Vigneshwar. Two-wheeler retail volumes grew 2.25% YoY and 11.84% MoM to 16,86,774 units. Vigneshwar stated that dealers reported buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. Despite limited model introductions, the passenger vehicle (PV) segment registered a 1.55% YoY increase in sales to 3,49,939 units. "This performance reflects a discount-led market and elevated inventories—approximately a 50-day supply—amid cautious consumer sentiment that tempered enquiry-to-sale conversions," added Vigneshwar. Going forward in May, FADA said that this month"s agricultural cycle is concluding on a strong note, underpinned by healthy crop prices and robust mandi procurement. However, the dealer body added that Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India— household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases. Here, non-essential categories such as two-wheelers is likewise plateauing amid rising living costs.
