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Business Standard
a day ago
- Automotive
- Business Standard
PVs experience bumpy H1 ride; wholesales decline 6.4% in June to 320K units
Domestic passenger vehicle (PV) dispatches in the first six months of calendar year 2025 were in the slow lane, with major players like Maruti Suzuki India (MSIL), Tata Motors, and Hyundai Motor India reporting a decline in volumes. Companies like Mahindra & Mahindra (M&M) and Škoda Auto India, however, bucked the trend, riding on the buzz created by new launches. In June, overall industry volumes dipped. According to industry estimates, wholesales fell 6.4 per cent to 320,000 units. Retail registrations also declined by 4.4 per cent to 294,000 units during the month, industry insiders said. MSIL, the country's largest PV player, posted a 2.2 per cent decline in dispatches for first half (H1) 2025 to 880,730 units. In June, dispatches dropped sharply by 13.3 per cent to 118,906 units. MSIL's utility vehicle (UV) sales also fell in June — from 52,373 units to 47,947 units. The company said the slowdown in the small car segment was the key reason behind the industry's muted demand trend. Rahul Bharti, senior executive officer, corporate affairs, MSIL, said that since 2019, the entry-level price point in the industry has risen by over 70 per cent, largely due to stricter regulations, and sales of smaller cars have fallen by over 70 per cent. 'Historically, PV sales used to grow at 1.5x gross domestic product (GDP) growth. But now, even after 6.5 per cent GDP growth, the car market is nearly flat. This is because the once-mass small car segment is not participating in the growth at all. This is clearly an affordability issue,' he said. Maruti's small car segment saw a 5.3 per cent decline in sales, reaching 455,009 units in H1 compared to 480,488 units in the same period last year. What's concerning as a trend is that the UV segment (comprising models like the Grand Vitara, Brezza, Fronx, etc.) has also seen a decline in volumes. Tata Motors saw a sharp 15 per cent dip in dispatches in June to 37,083 units (including electric vehicles/EVs). For the first six months of the year, the company posted a 7.89 per cent fall in dispatches to 269,966 units. Commenting on the trend, Shailesh Chandra, managing director, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said that in May and June there were extreme 'volume pressures'. 'In the first quarter of 2025-26, the PV industry experienced volume pressures, particularly in May and June, with flat growth reflecting continued softness in demand. However, the EV segment emerged as a bright spot, driven by robust growth and the launch of new EV models across original equipment manufacturers.' Hyundai Motor India posted a 7.7 per cent drop in dispatches in H1 2025 to 285,809 units. For June, the company recorded a sharp 12 per cent fall in dispatches to 44,024 units. Tarun Garg, whole-time director and chief operating officer, Hyundai Motor India, said, 'In the domestic market, the geopolitical situation continued to affect market sentiment, with domestic sales registering 44,024 units in June 2025. As we come closer to the beginning of production at the Talegaon plant, we remain cautiously optimistic about a gradual recovery in demand, supported by a reduction in repo rates and improving liquidity on account of a cut in cash reserve ratio. We are closely watching the global geopolitical scenario and are committed to delivering value and innovation to our customers across both domestic and export markets.' EVs, however, seem to have held up better. M&M, which began dispatching its EVs to dealers around March, saw a 20 per cent rise in dispatches in H1 to 301,194 units. In June, the company posted 18 per cent growth in sales to 47,306 units. Bucking the trend, M&M posted a 20 per cent increase in domestic sales, with the company selling 301,194 units in H1. In June, domestic sales grew by 18 per cent, reaching 47,306 units compared to 40,022 units last year. Nalinikanth Gollagunta, chief executive officer, automotive division, M&M, said, 'In June, we achieved sport utility vehicle (SUV) sales of 47,306 units, a growth of 18 per cent, and total vehicle sales of 78,969 units, a 14 per cent growth compared to the same month last year. The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs.' Škoda Auto India, which is seeing strong demand for its new compact SUV Kylaq, had its best-ever H1 in its 25-year history in India. Selling 36,194 units between January and June 2025, the company posted a 134 per cent year-on-year rise in dispatches. Škoda's previous best H1 in India was 28,899 units in 2022. Ashish Gupta, brand director, Škoda Auto India, said that with the addition of Kylaq to their portfolio, they now have an 'SUV for everyone'. Analysts noted that while overall volumes remain flat, value growth is happening. 'While the number of PV sales remains largely flat, overall value growth continues, driven by consumers opting for higher-end models. Over the next two to three quarters, we expect volumes to stay steady, with a slightly more optimistic outlook for rural demand compared to urban areas, supported by better-than-expected monsoon conditions,' said Anurag Singh, advisor, Primus Partners. In two-wheelers, while overall industry data isn't yet available, major players like Bajaj Auto posted a 16 per cent decline in June dispatches, and H1 2025 was also down 9 per cent for the Pune-based company. On the other hand, premium bike maker Royal Enfield posted a 16 per cent increase in domestic dispatches to 76,957 units compared to 66,117 units last year. For H1, the company posted a 12 per cent increase, selling 228,779 units as against 204,686 last year.
India Today
a day ago
- Automotive
- India Today
Maruti Suzuki reports sales of 1.68 lakh units in June 2025; exports hit all-time high
Maruti Suzuki India Limited (MSIL), the country's largest carmaker, reported total sales of 167,993 units in June 2025, which includes domestic sales of 121,339 units, exports of 37,842 units, and 8,812 units sold to other OEMs. Notably, exports hit an all-time monthly high, underscoring Maruti Suzuki's growing global the domestic market, the company sold 118,906 passenger vehicles (PVs) and 2,433 light commercial vehicles (LCVs) under the Super Carry brand, totalling 121,339 units. While domestic volumes saw a year-on-year decline from 139,918 units in June 2024, exports saw a sharp rise from 31,033 units, reflecting a strong push toward international sales:Mini segment (Alto, S-Presso): 6,414 units Compact segment (Baleno, Swift, WagonR, Dzire, Ignis, Celerio): 54,177 unitsMid-size sedan (Ciaz): 1,028 unitsUtility vehicles (Brezza, Fronx, Grand Vitara, Jimny, Ertiga, XL6, Invicto): 47,947 unitsVans (Eeco): 9,340 unitsLight Commercial Vehicle (Super Carry): 2,433 unitsIn the April–June 2025 quarter (Q1 FY26), the company posted total sales of 527,861 units, slightly up from 521,868 units during the same period last year. Domestic PV sales stood at 393,572 units, while exports for the quarter reached 96,972 units, a significant jump from 70,560 units in Q1 Bharti, Senior Executive Officer, Corporate Affairs, Maruti Suzuki, said, "The slowdown in passenger vehicle sales is largely due to a sharp decline in the smaller segment cars. Historically, passenger vehicle sales used to grow at 1.5 times the GDP growth. But now even after 6.5% GDP growth, the car market is nearly flattish. This is because the once mass small car segment is not participating in the growth at all. This is clearly an affordability issue. Since 2019, entry-level price point in the industry has jumped by over 70%, largely driven by stricter regulations and the sales of smaller cars have fallen by over 70%."advertisementDespite a dip in domestic volumes, Maruti Suzuki's continued emphasis on its utility vehicle portfolio and growing export momentum suggests a strategic shift toward diversified growth. With SUVs contributing significantly to overall sales and exports performing at record levels, the company remains a formidable force in both Indian and international automotive to Auto Today Magazine- EndsMust Watch
India.com
a day ago
- Automotive
- India.com
Maruti Suzuki Achieves Record Export Sales in June 2025
New Delhi, July 1, 2025 — Maruti Suzuki India Limited (MSIL), the country's largest passenger vehicle manufacturer, reported total sales of 167,993 units in June 2025, which includes domestic sales, exports, and sales to other OEMs. A notable highlight for the month was Maruti Suzuki's record-breaking exports, reaching an all-time high of 37,842 units, underscoring the growing global demand for its vehicles. In the domestic market, the company sold 121,339 units, including 118,906 passenger vehicles and 2,433 light commercial vehicles (Super Carry). Sales to other OEMs stood at 8,812 units. In the passenger vehicle segment, compact cars like the Baleno, Swift, Dzire, WagonR, Ignis, and Celerio accounted for 54,177 units, while mini cars such as the Alto and S-Presso contributed 6,414 units. Meanwhile, the mid-size Ciaz sedan saw sales of 1,028 units. Maruti Suzuki's robust utility vehicle portfolio — comprising the Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6 — continued strong with 47,947 units sold. The versatile Eeco van added another 9,340 units. For the first quarter of FY2025-26, MSIL reported cumulative sales of 527,861 units, slightly surpassing the 521,868 units recorded during the same period last year. Maruti Suzuki remains committed to catering to both domestic and international markets with a diverse and reliable product lineup, reinforcing its position as a leader in the automotive industry. The company continues to focus on innovation and customer-centric products to drive future growth.
Time of India
25-06-2025
- Business
- Time of India
MSIL to revamp chit fund biz through app, eyes Rs 10K-cr mkt
Bengaluru: Karnataka govt is revamping Mysore Sales International Ltd's (MSIL) chit fund operations aiming to generate up to Rs 10,000 crore annually in a move that seeks to formalise and scale up the state's presence in the informal savings market. Industries minister MB Patil held a meeting with MSIL officials late Tuesday evening to chart a new course for the state-owned entity. "The present chit fund business is roughly Rs 500 crore annually, while Kerala has an annual turnover of Rs 50,000 crore to Rs 70,000 crore. Karnataka's aim is to increase the business to Rs 10,000 crore," said an industries department official present at the meeting. To drive this transformation, the state will launch a mobile app and build a dedicated agent network to bring formal structure and transparency to the chit fund operations. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru MSIL managing director Manoj Kumar said the initiative will make chit funds safe, secure and accessible to all sections of society. "While MSIL was in the chit fund business for over two decades, it is only known to be a supplier of liquor in the state. Now, we're revamping our brand and opening MSIL chit funds, which will have a corpus of anywhere between Rs 1 lakh and Rs 1 crore," he said. Kumar said the mobile app — already tested — is ready for rollout. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo It will allow members to manage subscriptions, track payments and handle accounts. "MSIL managed as much as Rs 500 crore through books till recently. Now, with the mobile application being developed, we expect it to be seamless and secure through digital transactions," he added. To extend its reach, MSIL will recruit agents at district and taluk levels. "We are considering enrolling retired bankers at the district levels to act as the foramen of the chit fund business and deploy agents with the incentive, apart from a 5% commission," Kumar said. Among the products planned is flagship Micro Chits, aimed at serving financially excluded sections of society. "The revamp is to ensure there is financial inclusion of those who cannot approach banks for credit or savings. In an unstable market, the Karnataka govt is leveraging its name for the chit funds to be floated by MSIL," said Patil. The state hopes that by bringing legitimacy and digital infrastructure to the chit fund space, MSIL can become a trusted financial platform — moving far beyond its liquor-retailing legacy.
Time of India
21-06-2025
- Automotive
- Time of India
Swift: India's favourite hatchback that ruled Indian roads for two decades now enters adulthood
The Maruti Suzuki Swift , a name that has become almost synonymous with the Indian hatchback segment, has completed 20 years on Indian roads. Since its launch in May 2005, the Swift has seen four generations, sold over 30 lakh units in India, and now holds a 31 per cent share in its segment. It continues to be one of the highest-selling models for Maruti Suzuki India (MSIL), accounting for over 10 per cent of the company's total sales. Swift owners come back to buy another Swift: Maruti thanks customers Marking the occasion, Partho Banerjee, Senior Executive Officer, Marketing and Sales at MSIL, said: 'The Swift is an icon in its own right. Celebrated by over 3 million customers in India alone, the Swift is an expression of fun and freedom. The Swift has set new benchmarks over the years with every new model, improving on the inherent 'fun-to-drive' DNA. This ever so special nature of the Swift has ensured that nearly one out of every four Swift owners come back to buy another Swift. Today, it enjoys an admirable 31 per cent market share in its segment, contributing to over 10 per cent of MSIL sales. On this special 20-year anniversary, we would like to thank all our customers for their unwavering love for brand Swift.' A journey through four generations Since its first generation in 2005, the Swift introduced a new look to India's small car market. In 2011, the second generation offered a lighter build for better performance. The 2018 version came with upgraded features for tech-savvy customers. In 2024, the fourth-generation Swift was launched with new safety and sustainability goals and a redesigned look. Maruti Swift: New engine for a new era The latest Swift is powered by a 1.2-litre, 3-cylinder Z-Series petrol engine. It delivers 82PS of power and 113Nm of torque. Buyers can choose between a 5-speed manual or a 5-speed AMT. According to the company, the car offers fuel efficiency of 24.8 kml (manual) and 25.75 kml (AMT). Inside the car, a 9-inch Smartplay Pro+ touchscreen, a 4.2-inch information display, wireless charging, automatic climate control, and an Arkamys-tuned sound system are included. Suzuki Connect provides over 40 connected features including remote functions and diagnostics. Maruti Swift: Safety Features The Swift includes six airbags, ESP, ABS with EBD, reverse parking sensors, hill hold assist, and 3-point seat belts for all passengers under the Arena Safety Shield. It is sold with a 3-year or 100,000-km warranty, extendable up to 6 years or 160,000 km. Maruti Swift Price by variant (ex-showroom) LXi MT – ₹6.49 lakh VXi MT – ₹7.29 lakh VXi AMT – ₹7.79 lakh VXi (O) MT – ₹7.56 lakh VXi (O) AMT – ₹8.06 lakh VXi CNG – ₹8.19 lakh VXi (O) CNG – ₹8.46 lakh ZXi MT – ₹8.29 lakh ZXi AMT – ₹8.79 lakh ZXi+ MT – ₹8.99 lakh ZXi+ AMT – ₹9.49 lakh ZXi+ MT Dual Tone – ₹9.14 lakh ZXi+ AMT Dual Tone – ₹9.64 lakh Swift still a key player for MSIL Even after two decades, the Swift continues to be one of the most important cars in the Maruti Suzuki lineup. Its high sales, wide appeal, and frequent repeat buyers show that the Swift has grown into one of India's most trusted hatchbacks.
