• Home
  • About Us
  • Anti Spam Policy
  • Contact
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Digital Marketing
    • E-Commerce
    • IT Blog
  • Networking
  • Latest Technology
    • Cell Phone
    • Data Security
    • Laptop
    • Software
  • Auto Mobile
No Result
View All Result
  • Home
  • Digital Marketing
    • E-Commerce
    • IT Blog
  • Networking
  • Latest Technology
    • Cell Phone
    • Data Security
    • Laptop
    • Software
  • Auto Mobile
No Result
View All Result
My Blog Wire
No Result
View All Result

February income: Tough time keeps for car agencies

George Duncan by George Duncan
March 24, 2024
Home Auto Mobile

– A disappointing set of February sales numbers through auto majors across all segments
– New axle load norms, tight liquidity, and non-availability of finance weigh on industrial vehicle producers
– New product launches helping passenger car and two-wheeler sales

Challenging instances keep for automobile majors, with their income numbers for February declining. The decline is due to subdued client demand sentiment due to slowing industrial output, tight liquidity, non-availability of retail finance, higher hobby charge, and mild financial pastime beforehand of preferred elections scheduled for April-May. Commercial automobile (CV) segment numbers had been blended for players in this area. The section maintains challenges because of the impact of recent axle load norms, liquidity crunch, and the non-availability of retail finance.

In February, the tractor segment becomes vulnerable at the back of a better base of the last 12 months and subdued farm sentiment. Three-wheeler (3W) income was mixed because of a completely high base of last year. Two-wheeler volumes had also been mixed for players on this space. Passenger vehicle (PV) income keeps disappointing because of the higher value of ownership, the high base of closing yr, and negative macro factors.

car

Article Summary show
Commercial vehicle – is still under strain.
Two-wheeler (2W) section: Bajaj Auto continues to do well.
Three-wheeler (3W): Mixed displaying

Commercial vehicle – is still under strain.

The negative effect of new axle load norms and macro challenges led through liquidity troubles, financing troubles, rising hobby rates, and a slowdown in financial interest have dampened purchaser demand sentiment for CVs. However, the long-term outlook remains fine because of the cognizance of construction and infrastructure and the growth in mining activity.

Company-smart, Tata Motors registered a 9 percentage yr-on-yr (YoY) decline in CV volume, led by 17.3 percent and 0.7 percentage fall within the medium and heavy industrial car (M&HCV) and mild commercial vehicle (LCV) segments. Volvo Eicher Commercial Vehicles (VECV) additionally witnessed a 6.7 percent drop. Ashok Leyland and Mahindra & Mahindra (M&M) posted a flat increase in its month-to-month volumes due to a decline in M&HCV phase volumes but became partly offset by using upward thrust in LCV volumes.

The car phase continues to show a weak point for the 8 consecutive months. An increase in total price possession led by growing interest charges and obligatory lengthy-term coverage have dampened purchaser sentiment. This area has published a muted/decline in PV volume for February, though new product launches helped.

Market chief, Maruti, posted a three.3 percent decline in monthly volumes, while Tata Motors’ grew a percentage. The management of Tata Motors is looking forward to sturdy months beforehand at the back of a launch of its new SUV, Tata Harrier, in January. M&M posted a growth of 16.6 percent in its month-to-month extent, pushed by its newly released XUV300 model.

Two-wheeler (2W) section: Bajaj Auto continues to do well.

TVS Motor Company announced a 12 months-on-yr boom of percentage on the return of increase accruing from bikes (eight.2 percentage). In the 2-wheeler area, Bajaj Auto led the % with an increase of 6.3 percentage in February, driven using aggressive pricing actions taken by way of the management in its access-level section. The effect of that is subsiding on market chief Hero MotoCorp, which witnessed a percent decline in its monthly sales. Eicher Motors continues to supply disappointing numbers, posting a decline of 14.3 percent.

Three-wheeler (3W): Mixed displaying

The typical 3W market published combined numbers in February. TVS published a totally sturdy increase (forty-one .2 percentage), and M&M delivered 10 percent growth. Bajaj Auto, the chief inside the area, noticed an 8.7 percent decline because of the excessive base of the last yr.

George Duncan

George Duncan

I have over 10 years of experience writing about tech and gadgets. I write articles about Android, iPad, iPhone, Windows, Mac, and other tech products. My focus is on writing product reviews and features for tech news websites and newspapers.

Next Post
Global Automobile Door Inside Protect Panel Market 2019

Automobile income continue to be underneath pressure, muted outlook

No Result
View All Result

Latest Updates

Understanding Raw Disk Mapping in VMware

Understanding Raw Disk Mapping in VMware

March 26, 2025
US Treasury Hit by Cyber Hack

US Treasury Hit by Cyber Hack

March 20, 2025
The Power of Telecom Solutions: Increasing Connectivity

The Power of Telecom Solutions: Increasing Connectivity

March 19, 2025
Understanding Optoisolators: How They Safely Transmit Signals

Understanding Optoisolators: How They Safely Transmit Signals

March 16, 2025
Unlocking the Power of Ampere/m: A Guide to Understanding Electrical Current

Unlocking the Power of Ampere/m: A Guide to Understanding Electrical Current

March 12, 2025

Popular Today

  • Free Download Latest Version of Windows 7 Pro OA ISO

    Free Download Latest Version of Windows 7 Pro OA ISO

    0 shares
    Share 0 Tweet 0
  • Airtel Xstream Box Gets Software Update, UI Changes and More

    0 shares
    Share 0 Tweet 0
  • Was this winter as bloodless because it seemed?

    0 shares
    Share 0 Tweet 0
  • How Online Poker Leverages Social Media for Success

    0 shares
    Share 0 Tweet 0
  • No cut-off date for automobile groups to adopt electric motors: Nitin Gadkari

    0 shares
    Share 0 Tweet 0
  • Home
  • About Us
  • Anti Spam Policy
  • Contact
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

© 2025 MYBLOGWIRE - All Rights Reserved to Us!

No Result
View All Result
  • Home
  • Digital Marketing
    • E-Commerce
    • IT Blog
  • Networking
  • Latest Technology
    • Cell Phone
    • Data Security
    • Laptop
    • Software
  • Auto Mobile

© 2025 MYBLOGWIRE - All Rights Reserved to Us!