JATO DYNAMICS
In SUV race, CNG raring to close gap with diesel
CNG is becoming a popular choice among cost-conscious small SUV buyers, surpassing diesel and BEVs in registrations. The demand for CNG vehicles has increased significantly, with manufacturers seeing remarkable sales growth. Maruti Suzuki and Hyundai Motor India are leading the way in CNG SUV offerings and sales. New models are being introduced to meet the rising consumer demand for CNG options.
Car registrations plunge 22% this Navratri despite strong deliveries
The fall largely reflects a high base. Last year's Navratri coincided with the rollout of GST 2.0, after sales had come to a standstill for half of August and almost all of September. This year, momentum continued even through Shradh, a period considered inauspicious.
India's festive car-buying joyride may hit price hike bump
Automakers are preparing for a festive season with elevated inventories and new models, aiming to boost sales. However, rising vehicle prices may lead buyers to reconsider their purchases or delay them altogether. Elevated stock levels mean dealers are ready for potential demand, but unsold vehicles could impact cash flow. Existing owners might choose cheaper models due to affordability concerns and higher costs.
Your car knows where you go. Insurers, lenders and automakers want to know too
Connected cars continuously generate data regarding various attributes like location, driving patterns, and vehicle diagnostics. This data collection offers manufacturers and service providers insights to enhance their offerings. Diverse stakeholders can leverage this information, including insurers and fleet managers, to better assess risks and operational efficiencies. However, concerns about data privacy and user consent complicate the monetization landscape.
Mass market automakers gaining ground in the premium segment; Mercedes, BMW work out different strategies to drive growth
India’s luxury car market remains around 1% of passenger vehicle sales, but competition is widening as brands such as Toyota, Kia, MG and BYD have entered the premium segment with high-priced models.
Entry-level hatchbacks regain ground after GST cuts, but SUVs continue to dominate
Tax cuts on small cars have increased their market share, rising from 2.3% to 3.3% recently. Sport utility vehicles have continued to gain popularity, increasing their share to 58%. Maruti Suzuki reported a significant rise in sales for their small cars after the tax reduction. Although affordability has improved, customer aspirations are shifting towards SUVs as first cars.
Maruti Suzuki launches Auto Green Mission with automatic S-CNG Swift, Dzire and Baleno
Maruti Suzuki introduced automatic S-CNG versions of Swift, Dzire, and Baleno. These new models offer automatic driving convenience and superior fuel efficiency. The Dzire automatic S-CNG is now India's most fuel-efficient sedan. Demand for S-CNG vehicles has seen a significant increase recently. The company recorded its highest-ever S-CNG sales in July.
There’s a lot riding on cos getting rural 2-wheeler mix right
Two-wheeler companies face complex rural stocking challenges for the upcoming festive season. Rural markets account for over half of industry sales, with varied product preferences across regions. Electric vehicle demand is concentrated in select states, adding another stocking layer. Manufacturers must ensure the right product mix is available in the right locations. This strategic stocking is critical for meeting diverse rural demand during peak sales.
Milestone 4.5M: Passenger vehicle sales set to rev up beyond December quarter record
India's passenger vehicle market is projected to surpass 4.5 million units in 2025, driven by sustained demand and a trend towards premiumisation. Luxury cars are expected to average ₹1 crore, while mass-market car prices will rise to ₹13 lakh. Carmakers have increased prices by 2-4% to counter rising costs.
Grow up, rev up, gear up: India’s biking scene is maturing, opening up for more adventure, and certainly a lot more business
India's superbike scene is experiencing a surge in popularity, fueled by rising incomes and accessible credit. Young professionals are increasingly embracing high-cc motorcycles, shifting from casual riding to adventure touring and track experiences. Brands are responding with tailored offerings, training programs, and community rides, catering to this evolving passion for premium two-wheeled adventures.
It's an automatic shift! Car buyers changing gear fast for smooth drive
More Indians are choosing automatic transmission cars for smoother drives and better fuel efficiency, even though they cost more. Automatics now make up 26% of mass-market car sales. Top manufacturers, including Maruti Suzuki and Hyundai, are expanding AT options. Despite higher prices, this trend is expected to continue growing.
Full speed ahead: Vehicle sales set to touch a new high in April-September period
This period has also seen significant changes in powertrain share, with hybrid, CNG and electric vehicles showing gains. This change is being driven by rising fuel prices, concerns about air pollution and government incentives, said Ravi Bhatia, president, Jato Dynamics.
Passenger vehicles set for new sales milestone of four million units in FY24
The passenger vehicle segment is expected to reach a new peak this fiscal year, selling over 4 million units, with SUVs driving the demand. Sales of passenger vehicles have increased from 2.5 million units a decade ago to 3.8 million units in the last fiscal year. This year, industry experts predict sales to reach 4.1 million units, with SUV sales projected to be around 1.9 million units. The share of hatchbacks and sedans in the sales mix has declined, while SUVs continue to be strong growth drivers. Some manufacturers have exited the PV segment, reducing the number of brands in the market.
SUV craze: Rs 10-20 lakh segment now prime playing field for carmakers
"While this price band is currently the most competitive in the Indian automotive market, it is also the most fragmented, said Shashank Srivastava, senior ED, Maruti Suzuki, which recently added the Jimny off-roader and Invicto MPV to its premium line-up. Maruti Suzuki, the country's largest automaker, is also the largest player in the ₹10-20 lakh segment, with a 23% marketshare during January-July 2023, according to Jato Dynamics estimates.
Electric vehicle adoption to be determined by the pace of infrastructure development in each country, says Jato Dynamics CEO David Krajicek
The current craze for electric vehicles may soon moderate once the demand for early adopters is exhausted, Jato Dynamics CEO David Krajicek told ET in an interview. A critical factor in future adoption will be infrastructure development, government subsidy, and grid strength. EV adoption will be determined by the pace of infrastructure development in each country.
Chip woes slow carmakers in festive lap, shortage may pare sales by up to 450,000 units
Even as consumer demand rebounded quickly after the second wave of Covid-19, spurred by an increased preference for personal mobility, output hasn't been able to keep pace.
India's light vehicle market shrinks 22-25% in 2020; drops out of top 5 markets
India's light vehicle market is estimated to report a 22-25% decline in 2020 sales, the steepest among the top 10 global markets where it has been an outperformer for years, according to two top global vehicle forecasting firms.
Pandemic changes course of auto sector
Covid-19 could drag India’s automotive industry back to a timeperiod when smartphones were work-in-progress, iPods rivalled iPhones in sales, and 'connected cars' meant a roadside assistance helpline mechanism that worked.
India to pull down global light vehicle sales for 2019
If the Indian market slides into double digit decline, then the country may slip behind Germany to the fifth position in passenger vehicle sales in 2019.
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