passenger vehicles – Artifex.News https://artifex.news Stay Connected. Stay Informed. Tue, 01 Sep 2026 11:41:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.1 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png passenger vehicles – Artifex.News https://artifex.news 32 32 PV wholesales surge in August as Maruti, Tata, M&M Drive double-digit growth https://artifex.news/article71414766-ece/ Tue, 01 Sep 2026 11:41:00 +0000 https://artifex.news/article71414766-ece/ Read More “PV wholesales surge in August as Maruti, Tata, M&M Drive double-digit growth” »

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The automotive industry in India is one of the largest in the world and one of the fastest growing globally.
| Photo Credit: The Hindu

India’s passenger vehicle (PV) market maintained its strong growth trajectory in August 2026, with major automakers reporting robust year-on-year (YoY) gains amid sustained domestic demand. Industry wholesales are estimated at around 4.5 lakh units for the month, according to senior industry officials.

Market leader Maruti Suzuki India Ltd led the growth with total wholesales of 219,220 units, up 21.3% YoY. Domestic wholesales jumped 34.3%, offsetting a 7% decline in exports to 33,844 units, as shipments were affected by the ongoing conflict in West Asia. Sales to other OEMs fell 48% to 5,298 units. It supplies small cars to Toyota Kirloskar Motor.

Maruti Suzuki said it has crossed the one-million-unit mark within the first five months of FY2027, supported by higher production and strong demand across segments.

“We witnessed growth in every segment. The recent ramp-up in production is helping. We have a booking backlog of 1.8 lakh vehicles. Our SUV share in our entire portfolio has gone up to 36% from 12% five years ago,” said Partho Banerjee, Senior Executive Officer, Sales and Marketing, Maruti Suzuki India.

Tata Motors Passenger Vehicles Ltd (TMPV) posted a 56% YoY increase in total wholesales, including EVs and exports, at 67,753 units. Domestic sales rose 59% to 65,253 units, while exports grew 8% to 2,500 units.

Mahindra & Mahindra Ltd reported overall auto sales of 107,648 units, including exports, marking a 42% YoY increase. Its domestic utility vehicle sales surged 50% to 59,257 units, while total utility vehicle sales, including exports, stood at 61,167 units. Domestic commercial vehicle sales grew 22% to 27,415 units.

“Demand continues to remain strong across our portfolio, with the updated Scorpio-N and BE 6 SPORTEQ receiving strong market response from customers. We look forward to building on this momentum during the festive season,” said Velusamy R, President, Automotive Business, M&M.

Hyundai Motor India Ltd reported total sales of 65,796 units in August, up 8.8% YoY. Domestic sales rose 23.6% to 54,396 units, while exports declined to 11,400 units from more than 16,000 units a year earlier, reflecting logistical disruptions linked to the West Asia conflict.

“We continue to sustain strong growth momentum in FY2027. While total exports in August were impacted by logistical constraints arising from the ongoing conflict in West Asia and the broader geo-political environment during the month, we remain optimistic that export demand will continue to be strong in the coming months as the geo-political situation improves,” said Tarun Garg, MD & CEO, Hyundai Motor India.

Kia India recorded one of the strongest growth rates among major PV manufacturers, with dispatches rising 48.1% YoY to 29,042 units in August 2026.

JSW MG Motor India also sustained its growth momentum, reporting a 14% YoY increase in sales to 7,508 units. The company said demand remained strong across both its internal combustion engine (ICE) and new energy vehicle (NEV) portfolios.



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Tata Motors Passenger Vehicles unveils TATA.CARS brand identity https://artifex.news/article71397480-ece/ Thu, 27 Aug 2026 20:37:00 +0000 https://artifex.news/article71397480-ece/ Read More “Tata Motors Passenger Vehicles unveils TATA.CARS brand identity” »

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All the showrooms of the company will now be rebranded as TATA.CARS. Photo: Special arrangement.

Tata Motors Passenger Vehicles Ltd. (TMPV) on Thursday (August 27, 2026) unveiled TATA.CARS, its new consumer-facing global brand identity nearly a year after Tata Motors Ltd was demerged into two separate companies housing the commercial vehicles and passenger vehicles business. 

All the showrooms of the company will now be rebranded as TATA.CARS.

Shailesh Chandra, MD & CEO, Tata Motors Passenger Vehicles Ltd, said, “More than a new brand identity, it [the move] is a declaration of intent for the future we envision. Anchored in the promise, ‘Nothing’s Too Far’, TATA.CARS conveys our belief that mobility should open doors, embrace possibilities and empower people to get closer to what matters most to them.”

“As the world moves towards a more connected, intelligent and sustainable future, TATA.CARS will continue creating breakthrough products, experiences and ecosystems that help customers unlock new possibilities and pursue their ambitions without limits,” he added. 

He said across India, generations of customers have described the company’s vehicles simply as a “Tata car”. “The new identity formally embraces a name that customers have already made their own while providing a clear and unified expression of the Company’s complete passenger vehicle portfolio,” he added. 

Spanning hatchbacks, sedans, premium SUVs, electric vehicles and future mobility solutions, TATA.CARS will create a single, future-ready master brand designed to evolve alongside changing customer expectations, he added. 

Customers will experience the TATA.CARS identity across all consumer-facing platforms, including digital channels, retail environments, service touchpoints and brand communications.

Tata Motors Passenger Vehicles Ltd will remain the legal entity and will continue to be used in statutory, regulatory and investor communications. 

The iconic ellipse on the vehicle remains unchanged, as do the Company’s product brands. 

“The launch of TATA.CARS represents an evolution in how Tata Motors Passenger Vehicles Ltd. expresses its legacy for the next generation of customers, while remaining firmly anchored in the trust that millions have placed in the Tata name,” the company said. 



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Passenger Vehicles industry growth likely to moderate to less than 5% in FY25: Tata Motors https://artifex.news/article67884422-ece/ Sun, 25 Feb 2024 05:25:11 +0000 https://artifex.news/article67884422-ece/ Read More “Passenger Vehicles industry growth likely to moderate to less than 5% in FY25: Tata Motors” »

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Image used for representative purpose only
| Photo Credit: Reuters

The growth of the domestic passenger vehicle industry is likely to moderate to less than 5% 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.

Also Read | Expect two-wheeler industry to see double-digit revenue growth next fiscal: Hero MotoCorp

“We had seen a very strong growth in FY23 of 25%, which is likely to moderate in FY24 to about 8%. Therefore, we are seeing with this high base effect, and FY25 will be slightly challenging with less than 5% growth rate,” Mr. Chandra said in an analyst call.

He further said, “As far as EVs are concerned, I think the biggest challenge here is the pace at which the charging infra is growing. It is lagging behind the pace at which the EV adoption is happening.”

Citing other challenges, Mr. Chandra noted that while commodity prices have been stable in the past quarter or so, there is a risk that prices of certain items may go up going forward.

“So we are keeping a very close track of that,” he added.

Mr. Chandra noted that in 2023 while the overall passenger vehicle industry grew 8% year-on-year, while the EV sales grew by 95 to 100%.

“And I think this trend is likely to continue. So companies with stronger portfolios in CNG and EVs will grow,” Mr. Chandra said.

He noted that Tata Motors has adopted an open collaboration strategy to expand charging infrastructure for EVs.

“Given that the charging infra is crucial to the growth and expansion of EV market, we have gone for an open collaboration approach with all charge point operators as well as the oil marketing companies who are focusing on expansion of charging infra,” Mr. Chandra said.

Elaborating further, he said the automaker will expand its exclusive sales network for electric vehicles. The company currently has two such outlets in Gurugram.

“In the next 18 months, we believe that in most of the high-selling cities, we would have these exclusive channels,” Mr. Chandra said.

The company will be working on driving the penetration and expansion of the electric vehicle market through a micro market focus, he said.

“So we are focusing on about 15 to 20 cities and also leveraging the expanded range of products. With Punch EV launch, we have now four promising products in the personal segment so we’ll be utilizing that,” Mr. Chandra said.

Tata Motors plans to further expand the range this year by introducing electric SUV Curvv and Harrier EV in 2024.



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Domestic passenger vehicle wholesales rise 2.94% in July: SIAM https://artifex.news/article67179530-ece/ Thu, 10 Aug 2023 08:18:14 +0000 https://artifex.news/article67179530-ece/ Read More “Domestic passenger vehicle wholesales rise 2.94% in July: SIAM” »

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Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022. | file photo
| Photo Credit: PTI

Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

As per the latest data issued by SIAM, dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,93,865 units in July 2022.

Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022.

Three-wheeler wholesales were higher at 56,034 units, as compared to 31,324 units in the year-ago month.

Total vehicle dispatches across categories were at 16,40,727 units, as compared to 17,06,545 units in July 2022, SIAM said.

“Though the passenger vehicle and three-wheeler segments are performing well, there has been a de-growth of two-wheelers in July 2023, compared to July 2022. Overall, we expect that the positive economic environment, good monsoons, and upcoming festive season will support continued growth in the auto industry,” SIAM President Vinod Aggarwal said.



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