INSUBCONTINENT EXCLUSIVE:
Tata Motors is the leading player in the EV market with almost 70 per cent share
Photo: Bloomberg4 min read Last Updated : Oct 14 2024 | 2:13 PM IST
The flat sales of passenger vehicles (PVs) in the first half of
season, Shailesh Chandra, President, Society of Indian Automobile Manufacturers (SIAM), said on Monday.
Chandra said that the PV industry
on Monday that in the H1 of FY25, the domestic wholesales (dispatches to dealers) of PVs recorded a marginal increase of 0.53 per cent
The expectation for H1 was slightly better
It was a slight surprise, especially May and June, which did not go as per our expectations
Last year, the industry recorded 4.2 million units annual sales
The demand is strong and that is why the domestic sales remain at that level
Generally, at a CAGR (compounded annual growth rate) level, the growth rate of the industry is similar to the level of GDP
Wholesales in Q2 are higher
Q3 is the high retail period and it observes lower wholesales
good growth in H2 of 2024-25.
Electric car sales have been decreasing for the last several months
Tata Motors is the leading player in the EV market with almost 70 per cent share.
Chandra explained the reasons for the
It was too high last year
It has gone down this year
There is an impact of that
Road tax has been taken away in two states
production due to the geopolitical crisis in West Asia.
The domestic sale of passenger vehicles (PVs) decreased by 1.4 per cent Y-o-Y to
356,752 units in September, as per the SIAM data released on Monday.
However, the domestic sale of two-wheelers in the country increased
by 15.8 per cent Y-o-Y to 2.025 million units in September, the data mentioned.
In the H1 of 2024-25, the domestic sales of two-wheelers
