Vehicle Sales News
Festive demand, GST cuts perk up consumption in Oct, Q3 looks 'sunny': SBI Caps
In October, India's economy showed signs of recovery with a 41% increase in vehicle sales and record digital transactions. SBI Capital Markets projects nominal GDP growth at 8.5%, driven by robust domestic demand and festive spending despite global economic challenges.
3 min read10 Nov 2025Car and two-wheeler loans surge after GST cuts, truck financing lags
In September, India's banking industry saw a vehicle loan growth of 7.3%, nearly half of the 14% expansion seen in the same month a year ago, according to RBI data. However, bankers suggest strong growth momentum in vehicle loans October onwards, following a major GST overhaul.
6 min read6 Nov 2025It’s festive season and Indians are spending more again. But will that last?
From vehicle sales, FMCG goods, to UPI transactions, India's consumption indicates a pick-up. But this coincides with the year's main festival season, when spending is high anyway. Mint explores what the latest data show and what it means for the economy.
2 min read20 Oct 2025Festive bonanza for car buyers: Kia, MG Motor among automakers announcing discounts after GST rate cuts
Kia India and MG Motor have reduced vehicle prices ahead of the festive season, effective from September 22, 2025, joining other carmakers such as Mahindra & Mahindra, Tata Motors, and the luxury brand BMW.
3 min read9 Sep 2025Carmakers see drop in sales in August as buyers delay purchases ahead of a proposed GST reform
Maruti Suzuki India volumes remained largely stable, slipping 0.6% YoY to 180,683 units. A strong 40.5% YoY growth in exports was offset by a 7.5% YoY drop in domestic sales. Hyundai Motor India reported a 4.2% YoY decline in PV sales, while Tata Motors’ volumes fell 2.6% YoY to 43,315 units.
2 min read2 Sep 2025India’s quadricycle gamble: Big incentives, but no cars on the road
The ₹25,938-crore production-linked incentive scheme for automobiles has seen no applications for electric quadricycle testing at ARAI. With zero sales in four years, funds are being redirected from e-rickshaws to support L5 category electric three-wheelers instead.
2 min read24 Aug 2025Hyundai Motor logs 4th straight profit drop, loses No. 2 sales spot to Mahindra
Revenue during April-June fell 5% to ₹16,628 crore, with the company's domestic car sales sliding 11% to 132,259 units, trailing Mahindra's 22% increase to 152,067 units. India's largest carmaker Maruti Suzuki sold 430,889 cars in the quarter.
3 min read30 Jul 2025Tesla is in disarray. Musk has already moved beyond caring about cars.
The electric-vehicle maker has an aging lineup and slumping sales, but its CEO has shifted his focus to robotaxis and robots.
5 min read3 Jul 2025Ashok Leyland to face speed-breakers of rising commodity price, muted volume
There are downside risks to earnings if sales volume ends up being lower than expected and material cost is higher than expected. If these play out and earnings estimates are indeed cut, then valuations could look pricier.
3 min read26 May 2025April auto sales: SUVs race ahead while small cars lose momentum
In April, Maruti Suzuki saw a 4.3% increase in utility vehicle sales while mini-car sales plummeted by 45%. The overall car market faces challenges from affordability issues and changing consumer preferences, with growth projected at only 1%-2% for the current financial year.
2 min read2 May 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared