india auto inventory: The curious case of 300,000 missing cars: It is automakers vs dealers in inventory mystery

india auto inventory: The curious case of 300,000 missing cars: It is automakers vs dealers in inventory mystery

Carmakers and their dealers are battling each other over inventory levels amid slowing demand. The Federation of Automobile Dealers Associations (FADA) says their members are carrying stock equivalent to over two months of sales, that is, 730,000 units. Carmakers argue it’s about half that — 400,000-410,000 units. FADA has written to the Society of Indian … Read more

India auto sales: Domestic PV wholesales up 3% at 3.4 lakh units in June: SIAM

India auto sales: Domestic PV wholesales up 3% at 3.4 lakh units in June: SIAM

Passenger vehicle sales in the local market rose in modest single-digit in June mainly due to a high base and easing of post-pandemic pent-up demand. As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales increased by 3% to 337,757 units last month, compared to 327,788 units sold in … Read more

India auto sales: Auto sales muted as extreme heatwave cools demand in July

India auto sales: Auto sales muted as extreme heatwave cools demand in July

Vehicle registrations – a proxy for retail sales – were largely flat last month as extreme heatwave in several parts of the country impacted retail sales. According to data collated by industry body Federation of Automobile Dealers’ Association (FADA), as many as 1,895,552 vehicles were registered last month, which is a marginal increase of 0.73% … Read more

Passenger vehicle sales reach record high in FY24, two-wheeler sales grow by 13%

Passenger vehicle sales reach record high in FY24, two-wheeler sales grow by 13%

Sales of passenger vehicles in the local market increased by 8.4% to its highest-ever mark at 4.22 million units in the financial year concluded March 31, 2024 powered by better supplies and sustained consumer demand. Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review. However, overall volumes … Read more