For TMPV profitability declined primarily due to a sharp rise in commodity prices, which impacted revenue by nearly 4.5% in Q1 Tata Motors Passenger Vehicle’s (TMPV) domestic passenger vehicle business had a significant quarter as the volumes grew 46% compared to last year, comfortably beating the broader industry’s growth rate. Electric vehicles did even better, […]
The MD & CEO of the company Mr. Girish Wagh credited the quarter’s growth to a strong product portfolio, sharp execution, and discipline, while highlighting EV momentum. At its Q1FY27 earnings call held last evening, Mr. Wagh gave an indication of how the company managed rising costs while betting big on both electric vehicles and […]
All vehicle segments record their best-ever July as EVs and alternative fuels gather pace. India’s automobile retail industry created history in July 2026. For the first time since Federation of Automobile Dealers Associations (FADA) began tracking retail sales in 2014, every major vehicle category recorded its best-ever July performance. Total vehicle registrations touched 25.91 lakh […]
India’s automotive sector closed June 2026 on a strong note, with broad-based growth across passenger cars, two-wheelers, commercial vehicles, and tractors. Several manufacturers posted record monthly or half-yearly sales figures, electric vehicle volumes continued their sharp upward trajectory, and export numbers added further momentum to an already encouraging picture. From mass-market scooters to heavy trucks, […]
Mahindra & Mahindra Ltd. (M&M Ltd.) reported total vehicle sales of 99,636 units in May 2026, registering a 20% year-on-year growth, including exports. The company’s Utility Vehicle (UV) segment continued to drive performance, with 58,021 SUVs sold in the domestic market, reflecting an 11% growth over the corresponding period last year. Including exports, total UV […]
The Federation of Automobile Dealers Associations (FADA) has released vehicle retail data for February 2025. FADA President, Mr. C. S. Vigneshwar, shared his insights on the auto retail performance for the month: “February witnessed a broad-based downturn across all categories, aligning with our earlier survey projections, which anticipated a ‘Flat to De-growth’ sentiment. The market […]
The Federation of Automobile Dealers Associations (FADA) has released the vehicle retail data for June’23, revealing positive trends in the auto retail industry. Auto retail sales in June demonstrated a 10% year-on-year (YoY) growth, showcasing positive performances across all vehicle categories, including 2W, 3W, PV, Tractor, and CV. The respective growth rates for these categories […]
Mahindra Electric Mobility Limited (MEML) has announced the opening of a new Last Mile Mobility dealership in Birtamode, Province 1, Nepal. This is Mahindra Electric’s 6th dealership in Nepal under their distributor Agni Energy since the Treo auto was launched here in October 2021. Present at the dealership inauguration were Pabitra Mahatra Parsai – Mayor of Birtamode […]