- Society of Indian Automobile Manufacturers
- SIAM
- Shailesh Chandra
- Rajesh Menon
- auto wholesales
- sales
- car sales
- bike sales
- scooter sales
- truck sales
- bus sales
- three-wheeler sales
- SUVs
- passenger cars
PVs, CVs wholesales in the red for Q2 FY2025, 2Ws and 3Ws power overall growth
- By MT Bureau
- October 14, 2024
The automotive wholesales numbers for September 2024 and Q2 FY2025 are out, seeing mixed results.
As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), the apex body representing automakers in India, for September 2024, the passenger vehicle segment sold 356,752 which was down 1 percent YoY compared to 361,717 units sold last year.
On the other hand, the three- and two-wheeler segments continued to power the overall sales with 79,683 units and 2,025,993 units, seeing 7 percent and 16 percent growth respectively. This translates to a total of 2,462,431 vehicles sold in September, up 13 percent, compared to 2,186,270 units sold last year.
Similarly, in Q2 FY2025, a total of 6,663,875 vehicles were sold, registering a 9 percent growth YoY, as compared to 6,116,773 units sold last year.
Of this, passenger vehicle sales declined by 2 percent at 1,055,137 units; commercial vehicles barring buses were all in the red. A total of 220,643 commercial vehicles were sold, registering a decline of 11 percent YoY, as compared to 247,801 units sold last year.

The three-wheeler and two-wheeler segments continued to be the bright spot with sales of 208,718 units (7% YoY) and 5,179,349 units (13% YoY) respectively.
Shailesh Chandra, President, SIAM said, “The overall Indian automobile industry remained strong in Q2 2024-25 with 8.9 percent growth compared to Q2 2023-24. Two- and Three-Wheelers continued to post strong growth of 12.6 percent and 6.6 percent respectively, while passenger vehicles and commercial vehicles posted some degrowth in Q2 of 2024-25 compared to 2023-24. Heavy rainfall in key states and almost the entire ‘Shradh’ period falling in the month of September, did impact the sales numbers of some of the segments. With the rains easing and continued infrastructure spending, and the arrival of the festive season boosting consumption, we anticipate healthy demand in the next quarter.”
Rajesh Menon, Director General, SIAM said, “Although passenger vehicle segment de-grew by 1.8 percent in Q2 of 2024-25 as compared to Q2 of last year, for the 3rd time it crossed the 1 million mark in Q2, posting a sales of 1.06 million units. Two-wheelers posted sales of 5.18 million units in Q2 for FY 24-25 as compared 4.60 million units in Q2 of last year. Three-wheelers posted the highest ever sales of Q2 with 2.09 lakh units. Commercial vehicles posted a degrowth of 11 percent in Q2 of 2024-25 as compared to Q2 of last year, with sales of 2.21 lakh units.”

- Stellantis
- Stamping
- Ed Daniels Jr.
- Curtis Booth
- Greg Bauer
- Wrangler
- Gladiator
- Grand Cherokee
- Hellcat
Stellantis Expands Stamping Operations In Michigan
- By MT Bureau
- June 29, 2026
European auto major Stellantis has installed a blanking press at its Warren Stamping Plant in Michigan to increase in-house production capacity. This development supports the manufacturing of components for Chrysler, Dodge, Jeep and Ram vehicles in North America.
The Warren Stamping Plant and the Sterling Stamping Plant supply components – including hoods, doors and liftgates – to assembly plants in the U.S., Canada and Mexico. These operations contribute to the volume growth targets established in the FaSTLAne 2030 strategy.
Ed Daniels Jr., Vice-President of North America injection and stamping operations, Stellantis, said, “When people think about vehicle manufacturing, they usually picture the assembly line. But stamping is where that work begins. Sterling and Warren give our North America operations the scale, speed and flexibility needed to deliver precision parts on time, support key vehicle programs and help drive sustainable, profitable growth. As Stellantis executes its USD 13 billion U.S. investment plans, these plants and the people behind them are critical to strengthening our manufacturing foundation and keeping assembly operations moving.”
The new press at the Warren facility is expected to produce between 4.5 million and 6 million parts annually for the Ram 1500, Wrangler, Gladiator and Grand Cherokee.
Curtis Booth, Vice-President and Plant Manager, Warren Stamping Plant, Stellantis, added, “The new press has the capacity to produce between 4.5 million and 6 million parts annually for vehicles, including the Ram 1500 and three Jeep models – the Wrangler, Gladiator and Grand Cherokee. Together, the Hellcat line and the new blanking press give WSP the ability to both prepare and form critical vehicle components within a highly integrated manufacturing operation.”
Quality control is maintained using the Automated Body Inspection System, which validates geometry and precision during production.
Greg ‘Butch’ Bauer, Vice-President and plant manager, Sterling Stamping Plant, Stellantis, said, “Our workforce is what makes an operation like this possible. There’s a level of ownership and pride across every shift that ensures we’re delivering the same quality and performance at all times.”
TVS Motor Company Celebrates One Millionth iQube Rollout
- By MT Bureau
- June 25, 2026
Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reached a new production milestone with the rollout of the one-millionth TVS iQube electric scooter from its manufacturing facility in Hosur.
This achievement, reached six years after the model's 2020 launch, highlights the adoption of electric two-wheelers in the Indian market.
The company said that the iQube community has achieved significant metrics since the model’s introduction, including covering 14.94 billion kilometres, 522,969 tonnes of CO2 saved, which translates to nearly plantation of 20.9 million trees.
The iQube portfolio has expanded since 2020 to include various battery capacities, range options and connectivity features. TVS Motor Co has supported this growth through a service and sales network consisting of more than 3,300 touchpoints across 3,000 cities.
Sudarshan Venu, Chairman, TVS Motor Company, said, “The rollout of one million TVS iQubes reflects the scale at which electric mobility is becoming part of everyday life in India. The milestone is built on years of investment in engineering, innovation and manufacturing capabilities that have enabled us to build world-class electric mobility solutions designed and manufactured in India for the world.”
The company credits this milestone to its focus on in-house R&D and manufacturing, noting that the iQube serves as a central element of its strategy to support India's transition to sustainable, self-reliant mobility.
Solaris Opens New Assembly Hall In Sroda Wielkopolska
- By MT Bureau
- June 24, 2026
Solaris, a leading European bus manufacturer, has opened a production hall in Sroda Wielkopolska, which further supplements the company’s manufacturing operations, including a welding plant established in the area in 1998.
The 7,000-square-metre facility is dedicated to the assembly of city buses. Previously, this stage occurred only in Bolechowo, but production will now take place at both sites. This development increases production capacity by 500 vehicles per year, bringing the firm closer to a target of 2,000 vehicles annually. The project has created 300 jobs, with additional roles generated in the supply chain.
In 2025, Solaris delivered 1,631 vehicles, of which 86 percent were battery-electric, hydrogen or trolleybus models.
The company is supplying the buses to its customers in the United States and Canada and plans to further expand its intercity bus range in Europe.
Agata Standa, CEO, Solaris, said, “We are investing in expanding our production capacity and product portfolio to meet the growing demand for sustainable transport in Europe and in new markets.”
Solaris has secured 47 hectares of land in Sroda Wielkopolska for a second facility dedicated to intercity buses, which is scheduled to reach operational status in 2029.
- NIO
- World Economic Forum
- WEF
- NIO Factory Two
- NIO F2
- Global Lighthouse Network
- GLN
- World Economic Forum
- WEF
- McKinsey & Company
- Ministry of Industry and Information Technology
- MIIT
- Super Automotive Factory
- China Automotive Technology and Research Center
NIO Factory Two Recognised As Global Lighthouse Factory By World Economic Forum
- By MT Bureau
- June 24, 2026
Chinese new energy vehicle company NIO has announced that on 22 June 2026, the World Economic Forum (WEF) officially designated NIO Factory Two (NIO F2) as a member of its Global Lighthouse Network (GLN). This recognition highlights NIO’s success in deploying Fourth Industrial Revolution technologies at scale.
The WEF selection process, conducted in partnership with McKinsey & Company, evaluated NIO F2 on its ability to integrate advanced digital and AI-driven systems. NIO was specifically recognised for:
- Integrated Ecosystem: Developing a real-time, closed-loop system that connects in-vehicle AI, battery swap networks and a digital twin platform.
- Operational Efficiency: The factory manages over 3.6 million vehicle configurations, which has successfully accelerated speed-to-market by 44 percent.
- R&D Automation: The implementation of advanced systems has allowed for the automation of 90 percent of R&D workflows.
- AI-Driven Decision Making: Approximately 80 percent of manufacturing scenarios at the facility are now supported by AI-driven decision-making, leveraging a mix of industrial AI algorithms and in-house developed foundation models.
NIO F2 is a fully digitalised smart factory located in the Xinqiao Industrial Park. Prior to this international recognition, the site earned several domestic accolades, including the National Green Factory awarded by China’s Ministry of Industry and Information Technology (MIIT) and the Super Automotive Factory designated by the China Automotive Technology and Research Center (CATARC).
Beyond its technical achievements, the factory maintains an open-engagement policy. Since 2018, NIO’s assembly plants have hosted nearly 300,000 global visitors, aiming to showcase the advancements in China’s intelligent manufacturing ecosystem.
NIO intends to use the GLN standards as a benchmark for its future manufacturing systems, continuing the integration of AI to set new standards in intelligent EV production.

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