Car sales in the local market rose by 4.2% to 4.27 mn units last year, the highest ever, driven by demand for sports utility vehicles.While utility vehicle sales (which includes SUVs and MPVs) grew by almost 17% to 2.75 mn units in the year under consideration, passenger cars sales (hatchbacks and sedans) dipped by 14.4% … Read more
Geely Automobile Holdings, China’s second-largest carmaker, plans to embark on an asset-light strategy in the overseas smart electric vehicle (EV) market by working with local partners, defying a trend among mainland peers that seek to set up production plants in the West, its chief executive said in an exclusive interview. While Chinese EV makers from … Read more
Passenger vehicle dispatches from companies to dealerships rose 4 per cent year on year to 3,47,522 units in November with demand momentum sustaining post festive period in October, industry body SIAM said on Friday. The overall passenger vehicle dispatches stood at 3,33,833 units in November last year. Market leader Maruti Suzuki India dispatched 1,41,312 units … Read more
New Delhi: Tata Motors is expecting passenger vehicle (PV) retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year (YoY) to 4,83,159 units in October. The segment reported a 7 … Read more
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
While the slowdown in cars sales in the first half of this fiscal is not a cause of concern, the continued decline in demand for vehicles priced below Rs 10 lakh is worrisome, Maruti Suzuki Chairman R C Bhargava said, adding, unless the lower end of the market grows there will be less feeders to … Read more
New Delhi: Only three out of 15-odd passenger vehicle makers in India recorded sales growth in the first half of this fiscal year, underscoring continued weak consumer sentiment and sluggish demand in the world’s third-largest automobile market. Mahindra & Mahindra (M&M), Toyota Kirloskar Motor and Kia India reported higher sales, while others including the top … Read more
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
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 recorded just 0.73 per cent annual growth in its auto retail sales in the month of June, owing to the delayed monsoon in certain parts of the country, the Federation of Automobile Dealers Associations (FADA) said on Friday. While the two wheeler (2W) and three-wheeler (3W) segments saw a positive year-on-year (YoY) growth of … Read more
