automobile retail

FADA: Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA

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FADA: Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA

Federation of Automobile Dealers Association on Thursday released the retail details for the month of August. The total growth of the industry was just 2.88 per cent YoY, with varying performance across segments. The total number of automobile sales in the country for the month of August was 18,91,499, a down from 20,34,116 in July. … Read more

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

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Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more