automobile sales

Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

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Weak consumer sentiment & rising discounts fuel ‘artificial demand’: Honda Cars India President Takuya Tsumura

Consumer sentiment in the local market is weak, discounts are increasing month on month which has generated ‘artificial demand’, Honda Cars India President & CEO Takuya Tsumura told ET. Tsumura said while the industry had expected slow sales at the start of the fiscal year on account of the general elections, even after the results … Read more

Motown reaps huge gains from double festive cheer in October

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Motown reaps huge gains from double festive cheer in October

Vehicle registrations-a proxy for retail sales-surged 32% in October from a year earlier, propelled by the key festivals of Navratri and Diwali falling during the month, the Federation of Automobile Dealers Associations (FADA) said on Wednesday. Led by a 36% rise in two-wheeler sales to over 2.06 million units, total automobile retails during the month … Read more