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Cavelossim (Goa), Domestic passenger vehicles sales, specially those of SUVs, are expected to remain strong this fiscal despite the pent-up demand and low inventory which drove up sales in the past are no longer there, according to <keyword id="12985777" type="General" weightage="20" keywordseo="tata-motors-passenger-vehicles-ltd-" source="Orion">Tata Motors Passenger Vehicles Ltd.</keyword> and <keyword id="12985776" type="General" weightage="20" keywordseo="tata-passenger-electric-mobility-ltd-" source="Orion">Tata Passenger Electric Mobility Ltd.</keyword> Managing Director <keyword id="1890649" type="General" weightage="50" keywordseo="shailesh-chandra" source="Orion">Shailesh Chandra</keyword>. The company, which sold around 50,000 units of electric passenger vehicles last year, is targeting to reach 1 lakh units this fiscal while it also targets deeper penetration of CNG with the launch of its Altroz iCNG premium hatchback. "So far the indicators are good in terms of demand sustaining at high levels, although the additional moves that we were getting from pent-up demand and low channel inventory that have subdued," <keyword id="796" type="General" weightage="100" keywordseo="chandra" source="Orion">Chandra</keyword> told PTI here. He was responding to a query on the outlook of passenger vehicles sales in India in 2023-24. In the last five to six months, Chandra said two factors -- pent-up demand and low channel inventory, were really driving the demand for the industry. "(Now) these two factors have gone but the key factor, which is the monthly demand that we generate, the flow of customers has sustained at a very healthy level, which is good enough to sustain a retail ability of about 3,10,000 a month (industry wise)," he added. Chandra further said, "Especially in the SUV segment, we are seeing a growth, which is significantly higher, as compared to where the industry growth will be. On the entry side, there has been a slight pressure that is what we see." The growth in the SUV segment has been driven at "a very high pace" by both upgraders and first time buyers opting for such vehicles, he added. In terms of volumes, he said, "Just two years back, we were talking about 2.7 million to 3 million (units for the) industry. It has gone up to 3.9 million (last year). Even if it sustains at a 4.1 million level (this year) it's very healthy, it should help the industry a lot." Chandra, however, added that the "unprecedented" growth of about 27 per cent that industry witnessed last year "will moderate a bit". For <keyword id="42747" type="General" weightage="20" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>, he said the idea would be to sustain the segments where it is present -- hatchback and sedans, "and new nameplate additions should come in the SUVs. That will be the focus". The company's share of SUVs to its total passenger vehicle sales is at around 66 per cent as compared to 43 per cent of the industry, he said, adding, it would grow even further with the launch of Curvv and Sierra, which would be launched in the market in 2024 and 2025, respectively. On electric vehicles, Chandra said Tata Motors has witnessed exponential growth in the last five years to 50,000 units last fiscal from around 500 units in FY19 "The growth journey has been exponential. Now we are on a higher base...the multiples might moderate from three-four times to lower levels, but of course the aspiration would be to be as close to 100,000 (units)," he noted. On the newly launched CNG version of the company's premium hatchback Altroz iCNG, he said the company has addressed one of the most important hurdles faced by CNG models, which is the compromise in the boot space due to the placement of the fuel cylinder, with its twin cylinder technology. Besides, the Altroz iCNG has been provided with good engine performance and premium features like voice command operated sunroof, he added When asked about sales expectations from the new car, he said Tata Motors experienced CNG penetration ranged anywhere between 30 per cent to 50 per cent in its two models Tiago and Tigor, which also have the twin cylinder technology. "Therefore, we expect that initially it might start with 30 per cent penetration and hopefully with greater awareness of this car (Altroz iCNG) being a no-compromise CNG car, as the awareness will increase, I think the demand will continue to grow," Chandra said. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/simple-one-electric-scooter-launched-with-212-km-range-check-out-price-specifications-and-other-details/articleshow/100449367.cms">Simple One electric scooter launched with 212 km range: Check out price, specifications and other details</a> <a href="https://www.businessinsider.in/finance/news/2000-note-withdrawal-how-to-exchange-notes-is-it-a-legal-tender-and-other-questions-answered/articleshow/100412941.cms">₹2,000 note withdrawal – How to exchange them, is it a legal tender and other questions answered</a> <a href="https://www.businessinsider.in/tech/news/apple-app-store-prevented-over-2-billion-in-fraudulent-transactions-last-year-banned-282-million-user-accounts/articleshow/100322718.cms">Apple App Store prevented over $2 billion in fraudulent transactions last year, banned 282 million user accounts</a>

Domestic passenger vehicles sales expected to stay strong this fiscal, says Tata Motors' Chandra

New Delhi, Feb 9 () India's largest carmaker Maruti Suzuki India is banking on introduction of petrol variants of existing models such as Vitara Brezza besides exploring more CNG options to make up for lost numbers as it discontinues diesel options while moving to BS-VI emission norms.The company, which last week showcased the petrol version of its popular compact SUV Vitara Brezza that was earlier available only in diesel option, is also gearing up to bring petrol version of its S-Cross model."We have the optimism to recover what we are losing in diesel through this increase in petrol. We have a double task. It is not like comparing current portfolio with next year, it is like current portfolio minus diesel in next year," Maruti Suzuki India (MSI) Executive Director (Marketing &amp; Sales) Shashank Srivastava told .Elaborating the scale of task in hand, he said,"In April-January period, the contribution of diesel vehicles to (MSI's) total sales was 21 per cent. For this fiscal year it (total number of diesel vehicles sold by the company) is projected to be around 2.7-2.8 lakh units."In April-January, the company sold a total of 12,45,197 units in the domestic market as against 14,66,987 units in the year-ago period, down 15.1 per cent."It is a marketing task and that's the challenge. We will try. Vitara Brezza petrol is one of the main (models to drive up petrol vehicle volumes)," Srivastava added.Exuding confidence of petrol Brezza to be accepted in the market, he said, "In entry-level SUV segment only competition sells 58 per cent in petrol. That 58 per cent can drop down dramatically if we add Brezza and that's what we are trying to do."MSI is launching Vitara Brezza in petrol option powered by a 1.5 litre engine later this month, while it is gearing up to bring its premium crossover vehicle S-Cross, which was also available only in diesel option, with a petrol engine, in March.Last year, the company announced that it would stop selling diesel vehicles, particularly small cars, as affordability would be an issue once BS-VI norms are implemented and it phased out diesel options gradually as it started rolling out only BS-VI compliant vehicles in petrol.The company's diesel vehicle line-up included Swift, Dzire, Baleno, Ciaz, Vitara Brezza, Ertiga and light commercial vehicle Super Carry.MSI has, however, said it was not totally closed on reviewing its diesel strategy stating if there was demand even at higher cost from consumers for diesel vehicles, then it would consider upgrading its 1.5 litre diesel engine to meet BS-VI emission standards.MSI Senior Executive Director (Engineering) C V Raman said a call to upgrade diesel engine to BS-VI standard would be taken after assessing demand from the market when the stricter emission norms are implemented.He further said the other option available to the company is to increase its CNG portfolio to partially offset loss from discontinuation of diesel vehicles.The company has eight popular models offered with CNG option."We will introduce (CNG option) on other models also because we have to expand further depending on customer requirement. We will do research and find out if there is requirement in all these areas. If required we will definitely do," Raman said.The company's models which do no have CNG option are Swift, Baleno, Ciaz, Vitara Brezza and S-Cross.He said the government's plans to increase CNG stations to 10,000 will enhance penetration of CNG in existing locations and also add new areas on the CNG network map and MSI is working closely with the government."When they are increasing in existing locations they are easing filling of CNG and when they are opening in new locations we are able to reach to a larger population...We are mapping the whole thing. Then we will propagate and democratise more. This fiscal we may end up selling 1.1 lakh CNG vehicles and we will do more," Raman said. MSS RKL ANUANU

Banking on petrol variants to make up for loss in view of BS-VI norms: Maruti

Mumbai, Jan 26 () Force Motors, the market leader in inter-city commuter vans, has lined up Rs 600 crore in fresh investment to develop two new models over the next two years.
 The proposed new models in the shared mobility space will come out from its soon-to-be-launched premium platform, code-named T1N, an export-focused premium van developed with an investment of Rs 1,000 crore and is getting ready for commercial production by the end of the year.
 "We have lined up Rs 600 crore in fresh capital investment to develop two new models for the next two years. These new vehicles will come out from our next generation monocoque platform coming up at our Pithampur, Indore, works for T1N," Prasan Firodia, managing director, Force Motors, told .
 Last week, the company, the largest van maker in the country with a market share of over 68 per cent, unveiled the van 'T1N', which will be mostly exported.
 The BSVI-compliant vehicle will also be available in electric and CNG versions and has been developed over the past four years at an investment of Rs 1,000 crore.
 The company is building an entirely new bodyshop with robotic and laser-welding facilities with an installed capacity of 35,000 units for T1N, which will be an 18-seater van that boasts of 25 industry-first features.
 The new premium van will be export-focused and the Firodias, who were the pioneers of autorickshaws in the 1950s, will begin shipping the van to the Gulf markets first followed by North Africa, South Africa, the Asean, South America and the Saarc regions, Firodia said.
 On the rationale for launching a premium commuter van, Firodia said they want to use this van to be the springboard to become a global automotive company.
 The Pune-based company, which sells two commuter vans Trax and Traveller, nets almost 50 per cent of its income from its engine supply business with Mercedes and BMW now. It is also entering into an agreement with Rolls Royce to supply engines.
 In the quarter to September, Force had reported an 84 per cent plunge in net income to Rs 4.2 crore on a revenue of Rs 818 crore, which was down 5.6 per cent.
 Its association with Mercedes dates back to 1997, when Daimler AG decided to manufacture Mercs in the country. To date, it has supplied over 1,15,000 engines to Mercedes Benz India from its state-of-the-art dedicated facility at Chakan near Pune.
 Similarly, in 2015, BMW assigned Force to produce and test the engines for all cars and SUVs to be made in the country. Accordingly, it has built a dedicated factory closer to the BMW plant in Chennai and has supplied over 45,000 engines to the German luxury car maker.
 In March 2018, Force Motors entered into a joint venture (JV) with Rolls-Royce Power Systems AG to manufacture and supply worldwide, the 10- and 12-cylinder, series 1,600 engines for power generation and under-floor rail applications. The JV is slated to take off from April. BEN HRS

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Domestic passenger vehicles sales expected to stay strong this fiscal, says Tata Motors' Chandra

PTI

Banking on petrol variants to make up for loss in view of BS-VI norms: Maruti

PTI

Force Motors plans Rs 600-cr capex to develop 2 new models

PTI

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