OEMwise Car Sales Figures –
SIAM Organises Technology Demonstration conceptualised as “Ethanol Adoption – Flex Fuel Vehicles in India”
New Delhi, 12th December 2022: Aligned with the Government’s thrust towards ethanol adoption in India, the Society of Indian Automobile Manufacturers (SIAM) organised a technology demonstration on “Ethanol Adoption – Flex Fuel Vehicles in India”, at India Habitat Centre, New Delhi. It was done to demonstrate the readiness of automobile manufacturers for ethanol adoption through multiple segments of FFVs slated to be launched, particularly in the 4 wheelers and 2 wheelers segment.
Hon’ble Minister Shri Nitin Jairam Gadkari, Union Minister of Road Transport & Highways, Government of India inaugurated the demonstration session where the vehicle features and technological developments were showcased to emphasize the use of FFVs and future possibilities. The demonstration was organized as a part of the year-round activities to promote the use of ethanol. The program witnessed participation from automotive industry experts, government officials, Oil Industry, and other stakeholder associations. Continue reading “SIAM Organises Technology Demonstration conceptualised as “Ethanol Adoption – Flex Fuel Vehicles in India””
Landmark Cars Limited’s initial public offering to open on December 13, 2022, sets price band at ₹481 to ₹506 per Equity Share
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Price band of ₹481 – ₹506 per equity share bearing face value of ₹5 each (“Equity Shares”)
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Bid/Offer Opening Date – Tuesday, December 13, 2022 and Bid/Offer Closing Date – Thursday, December 15, 2022.
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Minimum Bid Lot is 29 Equity Shares and in multiples of 29 Equity Shares thereafter.
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The Floor Price is 96.20 times the face value of the Equity Share and the Cap Price is 101.20 times the face value of the Equity Share.
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A Discount of ₹48 Per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.
The future of 4G Telematics in India & the iTriangle Solution
by : Mark Prakash
It’s no surprise that the world is evolving rapidly as each day passes and to keep up with the latest technologies and trends, we must continuously update ourselves to reap the benefits of the substantial growth & development which we notice on a daily basis. The Telematics industry is no different… as in order to ensure better connectivity, higher speeds and several other benefits, they are continuously upgrading the hardware & software. As the Telematics scenario in India sets its aim towards competing on a level playing field with the rest of the world, The push to transform from 2G to 4G spectrum is in a full flow and we are excited to be a part of this! Continue reading “The future of 4G Telematics in India & the iTriangle Solution”
SIAM hosts International Conference on ‘Biofuels – A Pathway towards Sustainable Future’
New Delhi, 19th October 2022: Aligned with the Government of India’s vision to promote the usage of biofuels for transportation, the Society of Indian Automobile Manufacturers (SIAM) conducted an International Conference on ‘Biofuels – A Pathway towards Sustainable Future’, at Hotel Taj Palace, New Delhi. The Conference was organized as a part of year-round activities to promote ethanol. The program witnessed participation from automotive industry experts, government officials, academia, and other stakeholder associations including the ambassador and experts from Brazil.
Car scrap Hotline: Delhi reports 2,000+ old vehicles in just two days of WhatsApp complaint service
Source : PTI
Delhi government has reportedly received over 2,000 complaints flagging old or abandoned vehicles parked in the capital city in just two days. Complaints started flowing in as soon as the government issued WhatsApp number dedicated for the purpose, as reported by PTI. The service has been opened up to allow RWAs and market associations to report old cars parked around the city.
Citizens, RWAs and market associations immediately started sending pictures and reporting parked old cars around Delhi. However, the transport department does need to verify the details of these vehicles to ascertain their age and if they are unfit to run in the capital city. The details of the vehicles will be verified through the registration database of the transport department. As per authorities, there are approximately 25 lakh old and unfit vehicles in the capital city currently. If an old vehicle is reported and verified to be of unfit age, they will be impounded and handed over to authorised scrapping centres. The WhatsApp helpline can be reached on +91 8376050050
The iTriangle mission to Create & Sustain a Connected, Secure, Safe and Efficient Ecosystem for the Electric Vehicle Industry through Telematics and Mobility
Rise in Pollution…Depletion of the ozone layer and valuable resources getting exhausted are just a few of the symptoms of an extensive issue that has not only plagued the Environment but also jeopardized the future Generations from being able to use various resources for development and prosperity. The Automobile industry, one of the core sectors effecting our daily lives has recently been on the forefront of this battle to Combat this issue in their own way by introducing and promoting the use of Electric Vehicles to replace Petrol based vehicles to strive towards utilizing fuel alternatives. As the culture of Automobile Giants like Tesla, Tata and Hyundai introducing better and progressively efficient Electric Vehicles in the Market continues in this day & age, it has risen the need for Telematics in the EV industry for these Vehicles to provide competitive features to the end user so that a smarter choice can be made to invest in Electric vehicles and venture towards a cleaner ecosystem. Continue reading “The iTriangle mission to Create & Sustain a Connected, Secure, Safe and Efficient Ecosystem for the Electric Vehicle Industry through Telematics and Mobility”
iTriangle’s AIS 140 certified devices are now integrated with the Gujarat Pollution board’s tracking & Monitoring portal as per the mandate
India is adopting Technology, everywhere possible…and we’re here to Help!
It is heartening news that the AIS140 mandate from MoRTH that requires all public /passenger Transport Vehicles to be installed with vehicle location tracking devices, is being implemented by most of the states in India. The effective implementation goes a long way in ensuring safety, security, and compliance. An effective implementation that achieves the objective of MoRTH (Ministry of road transport & Highways) requires that the VLT devices must be active, in working condition and should send data to the enforcement agencies. Continue reading “iTriangle’s AIS 140 certified devices are now integrated with the Gujarat Pollution board’s tracking & Monitoring portal as per the mandate”
Volkswagen launches First Anniversary Edition of Taigun, marking one stellar year of the SUVW in India
•Most-awarded SUVW, the Volkswagen Taigun completes one phenomenal year in the premium mid-size SUV segment in India
•The Taigun First Anniversary Edition is available for customers in three vibrant colours that would add to their Bold & Dynamic personality; A brand new colour ‘Rising Blue’ along with the Curcuma Yellow and Wild Cherry Red
•The First Anniversary Edition will be available across the 152 Volkswagen touch points in India
The iTriangle approach to bring in Advanced Telematics Solutions to Commercial Segment Vehicles
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson. Success never comes easy, the ladder to reach the top of any industry requires an organization to undergo immense amount of planning and executing their plans diligently and efficiently. Several mistakes are made in the process of getting things right, but the organizations which reach the top, conquer the world of business with the philosophy of making mistakes but never repeating the same mistakes and not giving up. In this volatile and ever-growing corporate world, it is easy for an organization to get lost in the clutter due to lack of market research and inability to upgrade their offerings according to the requirements and expectations of the market to always require the latest products and services at the most affordable prices. In line with the rapid technological developments and advancements, the Telematics industry in the last decade has been at the crux of meteoric rise and evolution in its impact to the Automobile sector. Continue reading “The iTriangle approach to bring in Advanced Telematics Solutions to Commercial Segment Vehicles”
Santosh Iyer Appointed As Managing Director, CEO Of Mercedes-Benz India
German luxury carmaker Mercedes-Benz on Monday named Santosh Iyer as the Managing Director & CEO of the Indian operations with effect from January 1, 2023.
Mr Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations. Continue reading “Santosh Iyer Appointed As Managing Director, CEO Of Mercedes-Benz India”
Volkswagen expands its Omni-channel mobility solution to the all-new global sedan Virtus
– With the increasing acceptance and demand for the new Volkswagen Virtus, the Brand has introduced the carline under its Omni-channel mobility solutions of
Subscription and Leasing models
– The Subscription and Power Lease ownership model on the Volkswagen Virtus enables customers to own the sedan with just one month’s security deposit and an advance rental Continue reading “Volkswagen expands its Omni-channel mobility solution to the all-new global sedan Virtus”
India is Changing for the better! Latest AIS 140 policy updates by the Punjab Govt. and the iTriangle Solution
It is heartening news that the AIS140 mandate from MoRTH that requires all public /passenger Transport Vehicles to be installed with vehicle location tracking devices, is being implemented by most of the states in India. The effective implementation goes a long way in ensuring safety, security, and compliance. An effective implementation that achieves the objective of MoRTH (Ministry of road transport & Highways) requires that the VLT devices must be active, in working condition and should send data to the enforcement agencies. Continue reading “India is Changing for the better! Latest AIS 140 policy updates by the Punjab Govt. and the iTriangle Solution”
Kiran A R – The Silent Tech Guru Behind the success of iTriangle
by WAF Think Tank
Every organization is built on the foundation of its founding members who not only form the backbone of the company but also act as the most important drivers of planning, executing and supporting the organization towards achieving great success. Without these corporate superheroes, the company would crumble due to a lack of direction and motivation of staying true to the mission, vision and goals of the firm. With over 17 years of experience in the field of embedded systems in which 15 years was solely dedicated towards building the finest quality in Telematics Devices of which more than 650,000 units have been delivered across India, Southeast Asia, the Middle East and North Africa…meet our Superhero and the technical Director of iTriangle Infotech Pvt Ltd who has driven our organization towards 500% growth since its inception, Mr. Kiran A R. Continue reading “Kiran A R – The Silent Tech Guru Behind the success of iTriangle”
Electric Passenger Vehicle Sales in India for H1 2022
H1-2022 registered highest ever half-yearly Battery Electric Vehicle sales of 20,440 units. June 2022 is the all-time best sales month with 4,451 units. Tata Motors command 92% Indian BEV market share. Tata Nexon EV is best selling product followed by Tata Tigor EV.
Indian EV Brand EVeium launches three electric scooters – COSMO, CZAR, COMET
by WAF Think Tank
•Scooter Price Range between 1.44 Lakh – 2.16 Lakh Approx
•Booking Starts with Just INR 999 , from August 8 2022 at EVeium showrooms in Pune, Hyderabad, Bangalore and Calicut (Ex Showroom) Continue reading “Indian EV Brand EVeium launches three electric scooters – COSMO, CZAR, COMET”
The rise of Insurance Based Telematics and the iTriangle Solution…
by Mark Prakash
The rise & requirements of Telematics has spread its wings across a plethora of industries and market segments such as Transportation, Health care, Electric vehicle segment, Government Compliance and many more! The latest industry to have caught on the numerous benefits of incorporating Telematics into is the vehicle Insurance sector.
Vehicle owners will very soon be able to purchase tailormade Analytics-based insurance which will focus on individual’s driving behaviors and will follow a ‘pay as you drive’ policy which will revolutionize the Vehicle insurance sector and provide numerous benefits to the Vehicle owners as well as insurance companies to get a better understanding and an opportunity to get information much more effectively and efficiently. Continue reading “The rise of Insurance Based Telematics and the iTriangle Solution…”
June 2022 Car Sales – Snapshot
Around 3,20,609 passenger cars were sold in the Indian market for June 2022. The sales increased over 25% when compared to June last year. Industry recorded its second highest monthly volume in June’22 for 2022! It also crossed 3 Lakh dispatch figure for the third month in this calendar year.
The dispatches of all OEMs were on a positive side apart from the market leader Maruti Suzuki. The increased dispatches is a sign of easing semiconductor supply and OEMs ability to manufacture more cars. It is also essential that the automakers gear up and ensure production is readied for the upcoming festive season.
Tata Motors signs an agreement with BluSmart Electric Mobility for 10,000 XPRES T EVs
Tata Motors, on the occasion of the World Environment Day, signed an agreement with BluSmart Electric Mobility for delivering 10,000 XPRES T EVs to the company. This deployment of 10,000 units makes this the biggest ever EV fleet order in India. With deliveries starting soon, these vehicles are an addition to the 3,500 XPRES T EV order, which was signed by both the companies in October last year, and will be used across the country for commuters, in turn helping minimize the carbon footprint. Continue reading “Tata Motors signs an agreement with BluSmart Electric Mobility for 10,000 XPRES T EVs”
Jio-bp, MG Motor and Castrol sign partnership to boost Electric Mobility in India
Mumbai, June 2nd 2022 – In a development that is expected to boost electric vehicle (EV) adoption and mobility in India, MG Motor India and Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars. Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV Customers.
The partnership is in line with Jio-bp and MG Motor’s commitment to provide a vast and reliable charging infrastructure to electric car customers and accelerating EV adoption in India. Jio-bp is creating an ecosystem that will benefit all the stakeholders in the EV value chain and last year, the company constructed and launched two of India’s largest EV charging hubs. The JV’s electric mobility business, offering charging infrastructure to Indian consumers, operates under the brand Jio-bp pulse. With the Jio-bp pulse mobile app, customers can easily find charging stations nearby and seamlessly charge their EVs. Continue reading “Jio-bp, MG Motor and Castrol sign partnership to boost Electric Mobility in India”
May 2022 Car Sales – Snapshot
Around 2,94,087 passenger cars were sold in the Indian market for May 2022. The sales increased 185% when compared to May last year. The spike is due to low base last year which was primarily impacted due to Covid-19 induced restrictions. However, the Industry remained flat when compared to April 2022 and is still grappling with semiconductor supplies.
Tata Motors has startled all with consistent sales and overtakes Hyundai India volumes for the second time in the past 6 months! Tata Motors recorded its all time highest monthly Passenger Vehicle sales & Electric Vehicle sales in May 2022. Do note that EVs contributed near to 8% of Tata Motors overall PV sales in May 2022!
Passenger Vehicle Mass Market fuel mix analysis report – Q1 2022
Highlights –
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CNG (11% mix) has emerged as an alternate choice of fuel to diesel (19%) in BS6 era due to low running cost
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Diesel mix settled around sub 20% level due to lack of products with diesel engine
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Electric mix reached to considerable 1% level
Continue reading “Passenger Vehicle Mass Market fuel mix analysis report – Q1 2022”
Luxury Car Retail Sales Statistics for December 2021
As per the reports shared by FADA, Luxury Cars Retails in India for December saw an upward trend and grew by 19.7% when compared to December 2020. Luxury Car Sales is usually the highest in December and is a high sales month where OEMs continue to offer the best discounts to clear the inventory due to change of year. Hence the luxury car registrations is a clear indication of how the demand still persists and the economy too is on a positive note currently. Continue reading “Luxury Car Retail Sales Statistics for December 2021”
Top 25 Selling Cars in India for December 2021
The Top 25 Selling Cars constituted over 78% of the cars sold in December 2021. It had 11 models from Maruti, 4 from Tata, 3 from Hyundai and Mahindra, 2 from Honda, and 1 from Toyota & Kia each. In terms of volumes, Maruti Suzuki models contributed to just over 58 percent volumes in the Top 25!
8 out of Top 10 cars came from Maruti Suzuki’s stable. Maruti’s Wagon R retained the best-selling car title for December 2021. Tata and Hyundai have 1 model each in the Top 10 selling cars of December 2021.
Continue reading “Top 25 Selling Cars in India for December 2021”
December 2021 Car Sales – Snapshot
Around 2,54,270 passenger cars were sold in the Indian market for December 2021. The sales dropped by 8 percent YoY. However; the sales increased by a marginal 3.7 percent when compared to November 2021.
The semiconductor shortage still persists and is impacting the supplies accordingly. The OEMs also were cautious in terms of rationalizing dispatches in December 2021 considering the year-end. December 2021 was one of the worst Decembers for discount seekers/buyers as lower stock at the dealerships meant lower discounts for the end customer.
Tata Motors posted CY sales of 3,31,178 units in CY21, highest ever since inception!
Tata Motors has emerged as India’s second-largest manufacturer of passenger vehicles for the month of December 2021 by overtaking Hyundai! 2021 has been a stellar year for Tata Motors and the OEM has achieved several benchmarks in the Calendar Year – Continue reading “Tata Motors posted CY sales of 3,31,178 units in CY21, highest ever since inception!”
One Moto leads the race in EV domination, outshines competitors at Bengaluru EV Expo
Hyderabad (Telangana) [India], December 9 (ANI/NewsVoir): Optimizing on the successful launch of the One Moto EV’s in India, the EV’s were publicly put on display for the first time in India at the Green Vehicle Expo in Bengaluru from November 27-29 2021. With a massive turnout of over 15,000 people at the One Moto stall, the Expo has proven to be a major boost for One Moto Lovers with visitors crowding in for the viewing and information of the vehicles.
The EV’s have gained huge popularity among the crowd owing to their stylish designs and standout features. Among the major goals of One Moto India is to create a sustainable society that has the ease of adaptability. The charging capacities and the low carbon footprint that the EV’s yield have been the defining features for their popularity. Continue reading “One Moto leads the race in EV domination, outshines competitors at Bengaluru EV Expo”
November 2021 Car Sales – Snapshot
Around 2,45,262 passenger cars were sold in the Indian market for November 2021. The sales dropped by 14.3 percent YoY. The shortage of semiconductors crippled the entire supply chain during the festive season and the drop in dispatches has hit both the OEMs and PV dealers hard. The industry recorded its worst festive season in the last decade due to the supply crunch.
India’s biggest OEM Maruti Suzuki stated, “The shortage of electronic components had a minor impact on the production of vehicles during the month. The shortage primarily affected the production of vehicles sold in the domestic market. The company took all possible measures to minimize the impact.” Continue reading “November 2021 Car Sales – Snapshot”
Gallops Group : The Prominent Star of the Indian Automotive Retail World
by WAF Think Tank
Back in 2004, the Indian Automotive Retail segment was still burgeoning and far from being an organised one. There were just a handful of Multi Outlet Dealership Groups.
Several Car makers like VW, Renault, Jeep, Citroën, MG, Kia, BMW, Audi were yet to set up shop.
Around the same time, a compact showroom of General Motors came up at Ahmedabad almost like a test and try experiment on SG Highway. This road was at the City’s outskirts during those days but later transformed to be the most happening Motown District, Retail & Real Estate Hub of Ahmedabad.
Continue reading “Gallops Group : The Prominent Star of the Indian Automotive Retail World”
One Moto’s Launch in India turns out to be tremendous success
Hyderabad (Telangana) [India], November 20 (ANI/NewsVoir): With the stupendous response to the Launch especially for dealerships, One Moto has made a grand entry in India.
Onr Moto has launched its vehicles for booking in India on the 18th of November 2021 in a Virtual Launch presided by the One MOto Global CEO, Adam Ridgeway, and the Indian founders Muzammil Riyaz & Sameer Moidin. Continue reading “One Moto’s Launch in India turns out to be tremendous success”
October 2021 Vehicle Registration Data
On a YoY basis, total vehicle retails for the month of October’21 decreased by -5.33% as per the data released by FADA. When compared to October’19 (a regular pre-covid month), overall retails continue to fall by -26.64%. On a YoY basis, 3W was up by 74% and CV was up by 26%. 2W, PV and Tractors fell by -6%, -11% and -21% respectively.
During the 42 day festive period, total vehicle retails were down by -18% YoY. Except for 3W and CV, which were up by 53% and 10%, all the other categories were in red with 2W, PV, and Tractors down by -18%, -26%, and -23% respectively. This was the worst festive season in a decade for Auto Dealers as semi-conductor shortage in PV and low demand for entry-level 2W segment kept the celebrations at bay.
Maruti beats Hyundai, to become Number 1 UV OEM this FY 21-22 YTD.
The Indian UV segment is not only the fastest-growing segment of the Indian PV Industry, it is also the largest segment. It is now ahead of the hatchback segment with over 39.7% market share of the Indian PV segment.
On the volume front, it has crossed the 7.6 Lakhs mark YTD with 69% growth. More than 85% of the recent new car launches have been dedicated to the UV segment. This segment is where the entire PV Industry’s action is. Continue reading “Maruti beats Hyundai, to become Number 1 UV OEM this FY 21-22 YTD.”
October 2021 Car Sales – Snapshot
Around 2,60,067 passenger cars were sold in the Indian market for October 2021. The sales dropped a massive 22.1 percent YoY. The shortage of semiconductors crippled the entire supply chain during the festive season and the drop in dispatches has hit both the OEMs and PV dealers hard.
The demand for cars has been on the rise post-covid and the new model launches from the OEMs have kept the buzz on among the car buyers. The need for personal mobility and increasing economic activity ensured that the passenger vehicle sales bounce back strongly. Hence, Passenger Vehicle sales saw an upward trend in the first half of FY2021-22 and the sales shot up an impressive 57.7% when compared to the same period in H1 FY2020-21 (source). However; the shortage of semiconductor chips hit the supply scenario hard and the OEMs grappled with production constraints.
Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of up to $9.1 BN from TPG Rise Climate
Tata Motors Ltd (TML) and TPG Rise Climate have today entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn.
The new company shall leverage all existing investments and capabilities of Tata Motors Ltd and will channelise the future investments into electric vehicles, dedicated BEV platforms, advanced automotive technologies and catalyse investments in charging infrastructure and battery technologies. Over the next 5 years, this company will create a portfolio of 10 EVs and in association with Tata Power Ltd, catalyse the creation of a widespread charging infrastructure to facilitate rapid EV adoption in India.
Segmentwise Car Sales for September 2021 – SUVs dominate yet again!
SUV sales have risen to an all-time high in the Indian market and almost all the OEMs have an offering in the SUV category. Both Compact and Mid SUV segments have grown considerably and are now easily outselling the hatchbacks/sedans. Almost all new launches in the past year have been in the segment and even the recent launches (Taigun, XUV700, Astor, etc) signifies on how the automakers are eyeing this segment.
In Sep’21, Mid SUV segment emerged as the highest-selling segment and also recorded positive YoY growth. Mid SUVs hit the right spot in terms of the increasing demand among consumers and also have a profitable proposition for the automakers as it is a high-margin segment. The sudden influx of new models in the segment is the testimony of how all OEMs are rushing to make a presence here.
September 2021 Car Sales – Snapshot
Around 1,85,636 passenger cars were sold in the Indian market for September 2021. The sales dropped a massive 36.6 percent YoY and fell 28.5 percent MoM. The shortage of semiconductors crippled the entire supply chain right before the festive season and the drop in dispatches have hit both the OEMs and PV dealers hard.
Car sales have been on the rise this year and had given hopes that the Industry would register record volumes in the festive season. The need for personal mobility, strong financial growth in urban pockets, and better monsoons this year ensured good momentum in the market with improved buying sentiment. But the supply chain hurdles including the widespread chip shortage have been a big challenge right now for the industry.
Use of AIs in the Automobile Industry
Lucy Rana, Renu Bala
S.S Rana & Co. 8 min read
Artificial intelligence has been consistently transforming various industries across the world. However, the Automobile Industry is one, which has arguably seen the most developments in its processes and practice, due to development in AI. AI, for quite some time now, is being applied in different parts of the automotive value chain. AI is being used in the designing, manufacturing, production and post-production process.
Every facet of this industry is being benefited by this transformative technology. Furthermore, the most debated aspect of AI i.e its use in ‘driver assistance’ is quickly gaining momentum in different parts of the world – with Tesla inarguably being one of the modern pioneers of this aspect of AI.
Level 1 and Level 2 autonomous vehicles along with parking assistance and cruise control are gaining popularity for their use of AIs. If the current pace is maintained, within the upcoming 8-10 years, AI technology would be present in a majority of automotive applications and by the end of 2030, it is expected that 95-98% of new vehicles would have AI to some extent[1]. Autonomous vehicles are those that use artificial intelligence in some or all areas of functioning.
Level 1 vehicles include driver assistance, Level 2 includes partial automated driving, Level 3 incorporates conditional automated driving while level 4 & 5 cars have high/full automated driving. In light of such developments, it is not in the realm of the impossible that in the coming years, vehicles may be known by their software providers as opposed to being known by their hardware manufacturers. Many popular software based companies such as Google, Amazon, Uber have stepped into the realm of autonomous vehicles. One can look forward to observe the fascinating solutions that AIs could introduce to traditional problems which could even transform the functioning of the entire automotive sector.
July 2021 Car Sales – Snapshot
3 min read
Around 2,94,330 passenger cars were sold in the Indian market for July 2021. The sales shot up by 48.9 percent YoY and 15.2 percent MoM. The OEMs were able to streamline supply before the festive season and the dispatches have happened accordingly.
After the second wave of covid and lockdown across the country, there was a pent-up demand for passenger vehicles. The dealership stock levels were also low as many OEMs had plant maintenance shutdowns in parts of May’21. The production was ramped up significantly in July 2021 to serve the pent-up requirement and also prepare for the upcoming festivities. August marks the beginning of the festive season with Onam (biggest festival in Kerala) and Varamahakshmi (celebrated in parts of South India). The festivities will continue with Ganesha Chaturthi in Sep’21 and so on. This has led to adequate stocking levels across the channel.
Dealer Viability is the biggest concern of Auto Dealers across all segments of the Industry!
3 min read
Kia in 4W Mass, BMW & Mercedes in 4W Luxury, HMSI in 2-Wheeler, Bajaj in 3-Wheeler and VECV-Eicher in Commercial Vehicles hold Pole positions.
Federation of Automobile Dealers Associations (FADA), the apex national body of Automobile Retail in India today announced the outcome of Dealer Satisfaction Study 2021 results which was undertaken in association with PremonAsia, a consumer-insight led consulting & advisory firm based out of Singapore.
COMMERCIAL VEHICLE ANALYSIS Q1: FY 2021-2022. Tata, Mahindra, Ashok Leyland, Maruti Suzuki & Others.
2 min read
The Passenger vehicles Industry registered a volume of about 1.05L units. This was a strong growth of about 74,164 Units over LY . The Industry growth was driven by Tata Motors which grew massively by more than 33,551 units. Followed by Mahindra which grew by 18,447 units and Ashok Leyland which grew by 13,175 units.
