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Yahoo
16-06-2025
- Automotive
- Yahoo
India vehicle market forecast to strengthen in coming months
India's Light Vehicle (LV) wholesale figures for April decreased by 7% month-on-month (MoM) to 405k units, indicative of the expected seasonal decline from March. However, more notably, this marked a 5% year-on-year (YoY) increase. Passenger Vehicle (PV) sales dipped by 9% from the preceding month, yet they exhibited a 5% YoY rise, totaling 346k units. Additionally, Light Commercial Vehicles (LCVs) with a gross vehicle weight of up to 6T reported sales of 59k units — an uptick of 2% MoM and 5% YoY. A resurgence in the stock markets, prompted by a pause in the global tariff conflict, has reinforced consumer confidence. The festivals of Chaitra Navratri, Akshaya Tritiya, Bengali New Year, Baisakhi, and Vishu also played a role, while automakers and dealerships maintained their promotional efforts to encourage purchases. Mirroring the seasonal pattern, retail sales of PVs and LCVs in April declined by 2% MoM to 397k units, compared to 403k units in March and 349k units in February, according to data from the Federation of Automobile Dealers Associations (FADA). Retail sales of PVs remained unchanged compared to the previous month, partly as a result of inflationary pressures that have impacted discretionary income, along with a limited number of new model introductions. Furthermore, retail sales of LCVs saw an 11% MoM decrease, attributable to a slowdown in e-commerce activity and intensified competition from Electric Three-Wheelers. Consequently, PV inventory levels were substantial, with a 50-day supply at the end of April, as reported by FADA. This is consistent with the 50-55 days in March and the 50-52 days in February. From January to April, India's LV wholesales saw a 3% YoY improvement, reaching 1.7 million units. This figure consists of 1.5 million PVs (+4% YoY) and 240k LCVs (-1% YoY). Looking to May, a robust agricultural cycle, along with favorable crop prices, promises a positive impact on the rural economy. Moreover, the Reserve Bank of India's recent bond purchases are expected to infuse excess liquidity into the banking system, FADA notes. This could potentially lead to reduced lending rates and enhanced affordability for auto loans. PV retail sales in May are anticipated to remain stable but subdued, as consumers await new model launches and grapple with high financing costs, according to FADA. Additionally, LCV sales may be affected by a continued slowdown in e-commerce activity and growing competition from Electric Three-Wheelers. Although we have made minor adjustments to our 2025 LV forecast, our projection for the year's LV sales remains at 5 million units, reflecting a 3% YoY increase. Specifically, we have slightly reduced the PV forecast by 3k units to 4.3 million units, which corresponds to a growth rate of 3% YoY. We have also revised the LCV forecast downward by 2% (-14k units) to 729k units (+5% YoY), which were predominantly due to a moderated outlook for Mahindra. Our forecast for subsequent years remains consistent with last month's projections and we maintain our expectation that India's LV sales will increase to 6.8 million units by 2032, comprising 5.9 million PVs and 924k LCVs. This article was first published on GlobalData's dedicated research platform, the . "India vehicle market forecast to strengthen in coming months – GlobalData" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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.
Time of India
05-05-2025
- Automotive
- Time of India
Car & 2-wheeler sales crawl in April, commercial vehicles stall
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 declined. #Pahalgam Terrorist Attack Pakistan's economy has much more to lose than India's due to the ongoing tensions, warns Moody's Ratings The day Pakistan got the power to poke India FM Sitharaman meets ADB chief and Italian FM, discusses economic issues; no mention of Pakistan 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, FADA. In 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 areas. Despite 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 dealerships. During the month, sales of commercial vehicles continued to be under pressure amid product price increases, stagnant freight rates, and low fleet utilisation. The segment however saw healthy demand from school transport and staff mobility customers. Vigneshwar 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 inflation. As 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.
Time of India
05-05-2025
- Automotive
- Time of India
Cautious sentiments pull brakes on car sales in Gujarat
Ahmedabad: The automotive sector in Gujarat demonstrated a modest recovery in April, with sales increasing by 4.7%, reaching 27,326 units compared to 26,105 units in April 2024. However, the overall market outlook remains conservative, primarily affected by stock market challenges and decreased rural consumption. Statistics from the union ministry of road transport and highways reveal a cautious consumer behaviour pattern. Despite the slight increase in car sales, two-wheeler purchases decreased by 1.5% compared to the previous year in Gujarat, indicating a broader deceleration in vehicle purchases. Federation of Automobile Dealers Associations (FADA) — Gujarat representatives stressed the importance of economic stability for rebuilding consumer trust. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad "The new financial year began on a modest note as overall retails in April managed to grow by 3% year-on-year across India. As the tariff war paused, stock markets showed a good pullback, putting investor concerns to rest at least for the time being. Thus, the Chaitra Navratri, Akshay Tritiya muhurats drove sales," stated FADA officials. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Scarlett Johansson, 40, Shows Off Her Real Size In A New Vacation Photos 33 Bridges Undo "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. Sustained SUV demand underpinned volumes even as entry-level customers remained cautious," said Pranav Shah, chairperson, FADA — Gujarat. "Two-wheeler costs went up in the recent past and therefore, customers are not able to accept the new prices and as a result, demand is muted. Rural demand continues to remain weak for two-wheelers as well as four-wheelers mainly due to subdued earnings," Shah explained. Industry analysts suggest that passenger vehicle sales will remain stable but subdued, as consumers await new models and deal with high financing rates. A senior road transport office (RTO) official noted that prospective four-wheeler buyers were anticipating budget incentives, and following announcements by the Gujarat govt, electric vehicle buyers were holding off. Despite recent improvements, the stock market volatility has contributed to the situation. "Many buyers, particularly in urban areas, rely on their stock market investments to fund large-ticket purchases, including cars. With the market in a downturn, many potential buyers have postponed their vehicle purchases because many were clearly dependent on market returns for down payments to avoid paying loans," said a city-based car dealer. Industry specialists indicate that car sales might not show consistent growth in upcoming months without improved economic conditions. GFX sent to designers Box: Vehicle sales in Gujarat Sales April 2024 April 2025 % Change Cars 26,105 27,326 4.7 Two Wheelers 97,572 96,065 -1.5 Source: Union Ministry of Road Transport and Highways
