Prøve GULL - Gratis
Auto OEMs Forecast Slower Sales Growth for FY26
Business Standard
|March 15, 2025
At a recent internal meeting, Siam members reached a consensus that PV sales would grow by just 0.07 percent in FY25, with only a marginal increase of 1-2 percent in FY26.
-
PV prices have risen by nearly 70 percent in recent years, largely due to changes in regulatory requirements, such as emission norms. At the same time, customer income levels have remained relatively stagnant. Entry-level cars have been hit the hardest, as declining affordability has shifted growth within the PV segment towards utility vehicles (UVs).
According to a senior executive at a leading PV OEM, despite these challenges, the Indian market still holds promise, with vehicle penetration at just 34 vehicles per 1,000 people.
At a recent Siam internal meeting, Maruti Suzuki Head of Marketing and Sales Partha Banerjee pointed towards a decline in first-time car buyers, which has dropped from 47 percent in FY19 to 40 percent now.
Denne historien er fra March 15, 2025-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
Two-wheeled war hero rides into sunshine
Everything about Norton Motorcycles spells big. Among a handful of iconic, instantly recognisable bikes, with a storied history to boot, it roars on to a new future today under its Indian owners
5 mins
November 04, 2025
Business Standard
India's incomplete Odyssey
BOOK REVIEW
3 mins
November 04, 2025
Business Standard
State to acquire over 56K acres in Bundelkhand for development
The Uttar Pradesh government recently approved the acquisition of 56,600 acres of land for the development of the Bundelkhand region.
1 min
November 04, 2025
Business Standard
Jaipur’s decentralised solar panel plants now at 121 with 5 additions
Five decentralised solar power plants with a combined capacity of 9.28 megawatts (Mw) were installed in Jaipur district last week, which are expected to benefit over 1,300 farmers, a state government official said.
1 min
November 04, 2025
Business Standard
Extended rains may hit rural consumption: AWL Agri Biz top execs
Extended rains could have an impact on rural consumption as this has dented farmers financially in many parts of the country, according to AWL Agri Business (formerly Adani Wilmar).
2 mins
November 04, 2025
Business Standard
Employment is the path to Bihar youth’s homecoming
At his rally in Samastipur on October 24, Prime Minister Narendra Modi had said the National Democratic Alliance (NDA) had delivered the internetto every village at the lowest cost across the world.
3 mins
November 04, 2025
Business Standard
Smartworks rents 815,000 sq. ft office space from Hiranandani Group
Smartworks Coworking Spaces on Monday announced it has leased 815,000 square feet (sq. ft) of office space in Mumbai’s Eastbridge campus on rent from Hiranandani Group to establish the biggest managed workspace campus in the world.
1 min
November 04, 2025
Business Standard
Tales from the road
Investor sentiment towards India has cooled, but the lack of interest could be a contrarian positive signal
4 mins
November 04, 2025
Business Standard
Centre must cushion all DAP losses; long-term deals offer stability: Industry
‘The central government has increased the subsidy on phosphatic fertilisers for the second half of 2025-26 to offset the rise in prices. Despite this, companies importing diammonium phosphate (DAP) could still face losses of around %900 per bag, as the landed price remains higher than the subsidy announced.
1 mins
November 04, 2025
Business Standard
Viksit Bharat needs a clean system
Tales of corruption from almost every part of India appear regularly in both mainstream and social media. Consider a few examples:
3 mins
November 04, 2025
Listen
Translate
Change font size