passenger vehicle industry

India’s passenger vehicle industry to see modest 1.5% growth in FY25: Report

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India’s passenger vehicle industry to see modest 1.5% growth in FY25: Report

India’s passenger vehicle (PV) industry is expected to witness low single-digit growth in FY25, with forecasts indicating a modest 1.5 per cent year-on-year (y-o-y) growth due to subdued demand, according to Nomura report.The two-wheeler (2W) segment, however, could see some relief as weak domestic demand may be offset by stronger export recovery. Meanwhile, the tractor … Read more

passenger vehicle: PV industry growth likely to moderate to less than 5% in FY25: Tata Motors

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passenger vehicle: PV industry growth likely to moderate to less than 5% in FY25: Tata Motors

The growth of the domestic passenger vehicle industry is likely to moderate to less than 5 per cent in the next fiscal, according to Tata Motors Passenger Vehicles Managing Director Shailesh Chandra. The company, however, expects electric vehicle sales to keep growing despite the slow pace of charging infrastructure development in the country. “We had … Read more