auto sales

Passenger, commercial vehicle registrations fall in August as floods, rainfall disrupt sales

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Passenger, commercial vehicle registrations fall in August as floods, rainfall disrupt sales

Registrations of passenger as well as commercial vehicles fell last month with excess rainfall, floods disrupting retail sales in several states in the local market. While passenger vehicle sales declined by 4.5% to 309,053 units, commercial vehicle retails slid 6.05% to 73,253 units on back of weather-related disruptions and weak industrial demand. Overall, vehicle registrations … Read more

Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock

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Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock

New Delhi: Car discounts have doubled from August last year and are likely to stay high through the festive season, till end of December, as carmakers and dealers rush to liquidate a huge pile-up of inventory amid slowing sales. From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all … Read more

India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth

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India auto sales cross 24.3 lakh units in July, two-wheelers post 12.4 pc growth

Mumbai: The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle reached 24,37,138 units in July, the Society of Indian Automobile Manufacturers (SIAM) data showed on Wednesday. Passenger vehicles sales were 3,41,510, three-wheeler sales were 59,073 units and two-wheeler sales reached 14,41,694 units. Two-wheeler segment posted a decent growth of 12.5 per cent in July … Read more

Passenger vehicle sales fall for first time in over two years in July

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Passenger vehicle sales fall for first time in over two years in July

Sales of passenger vehicles fell for the first time in more than two years in July on a high base worsened by sluggish demand and inventory glut at dealerships. Two-wheelers however grew in double digits, and three wheelers in low single digits, helped by steady recovery in rural demand, on a low base. Passenger vehicles … Read more

India PV auto sales: Domestic PV wholesales dip 2.3% at 3,41,510 units in July: SIAM

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India PV auto sales: Domestic PV wholesales dip 2.3% at 3,41,510 units in July: SIAM

Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,50,355 units in July 2023, automobile industry body SIAM said … Read more

With supply rising and prices dropping, is it time to buy a new car?

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With supply rising and prices dropping, is it time to buy a new car?

For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better. Sticker prices at dealerships have started to come down and affordability is improving, said Daniel Ross, senior manager of … Read more

Bajaj Auto Sees 5 Percent Sales Boost In June, Full Details Inside

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Bajaj Auto Sees 5 Percent Sales Boost In June, Full Details Inside

Last Updated: July 01, 2024, 17:09 IST The company’s stock jumped following the release of these encouraging sales figures. In June alone, Bajaj Auto sold 3,58,477 vehicles, up 5% from June 2023’s 3,40,981 units. As July begins, the auto industry eagerly awaits the latest sales figures, and Bajaj Auto has set the tone with impressive … Read more

Trying to buy a car? Your dealership might be recovering from a cyberattack

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Trying to buy a car? Your dealership might be recovering from a cyberattack

Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in Canada and the U.S., was hit by back-to-back cyberattacks Wednesday. That led to … Read more

May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA

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May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA

Auto retails in the month of May dropped 5.28 per cent on a monthly basis as showrooms saw lower footfall due to prevailing heatwave, lack of new models and the now-concluded Lok Sabha elections, auto body FADA said on Monday. However, they saw a rise of 2.6 per cent on an annual basis.Sales of two-wheelers … Read more

Auto sales enter slow lane in May, expected to bounce back in the festive season

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Auto sales enter slow lane in May, expected to bounce back in the festive season

Automobile sales slowed down in May as a combination of factors such as heatwaves, election-related uncertainties and a high base led to a decline in dispatches from the manufacturers to the dealers over the year-ago period, said executives at manufacturers that released the monthly sales figures on Saturday.Automobile manufacturers in India count dispatches to dealers … Read more