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Global Passenger Vehicles Market is expected to rise from its initial estimated value of USD 1427.66 billion in 2018 to a projected value of USD 1804.31 billion by 2026, registering a CAGR of 2.97% in the forecast period of 2019-2026. Passenger Vehicles market research report is a comprehensive analysis on the study of industry. Market research included in this report helps the management of a firm in planning by providing accurate and up- to-date information about the consumer’s demands, their changing tastes, attitudes, preferences, and buying intentions etc. Further, manufacturer can adjust production according to the conditions of demand which are analysed here. It also supports to secure economies in the distribution of products and find out the best way of approaching the potential. With the data covered in this Passenger Vehicles report, marketing of goods can be made efficient and economical which leads to elimination of all type of wastage. ....
SIAM said two-wheeler sales went up by 6.63 per cent last month Passenger vehicle sales rose by 11 per cent to 2.76 lakh units in January from 2.48 lakh units in the year-ago period, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. The increase in sales for sixth consecutive month was largely due to pent-up demand and sustained preference for personal mobility. SIAM said two-wheeler sales went up by 6.63 per cent last month. While sales of scooters rose moved up by 9 per cent to 4.54 lakh units, those of motorcycles went up 5 per cent to 9.16 lakh units. But the demand for three-wheelers continued to remain muted and fell by nearly 57 per cent to 25,335 units in January. ....
Passenger vehicles sales decline 17.85% in 2020 to 24.33 lakh units Top Searches: Passenger vehicles sales decline 17.85% in 2020 to 24.33 lakh units TIMESOFINDIA.COM | Jan 14, 2021, 14:43 IST NEW DELHI: Domestic passenger vehicles sales declined by 17.85 per cent to 24,33,464 units in 2020, according to data released by SIAM on Thursday. OEMs managed to sell 29,62,115 units in 2019. Export of passenger vehicles fell by 39.38 per cent in 2020 at 4,28,098 units. Under the PVs, all the three categories (passenger cars, utility vehicles and vans) witnessed regrowth. Passenger cars sales tanked by 21.30 per cent at 14,32,304 units. Sales of utility vehicles, on the other hand, declined by 8.89 per cent to 8,97,406 units. Kenichi Ayukawa, President, SIAM said “Indian Automobile Industry appreciates the efforts of the Government to balance safety of people and revival of economy from the negative effects of the pandemic. Initiatives such as the an ....
Auto sales jump 11% YoY in Dec; growth registered for first time in FY21 Auto sales FY21: The strong growth has seen a reduction of inventory levels across segments, something that will soothe the nerves of dealers Sumant Banerji | January 11, 2021 | Updated 13:49 IST Automobile sales growth FY21: The growth was led by passenger vehicles up 23.99 percent, tractors-up 35.5 percent and two wheelers-up 11.88 percent KEY HIGHLIGHTS Overall automobile retail sales grew 11 percent in December, first time in a month in this fiscal. Growth was largely due to festival spill over demand and pre-buying due to announcement of price hike in January 21. Two wheelers, Passenger Vehicles and Tractor categories grow by 11.8%, 24% and 35.5% (YoY). ....