NEW DELHI: Passenger vehicle wholesales rose 4% year-on-year in November while retail sales fell 14%, reflecting rising dealer stocks. While carmakers say inventory in the sales channel is healthy at about a month, dealers claim it is much higher at 65-68 days. Carmakers report wholesales or factory dispatches to dealerships every month, collated and reported … 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
When speaking about rice wines, one usually thinks of sake, either warmed up or drunk cold to pair with some sushi or some izakaya fare. A drink brewed from polished rice, water, yeast, and koji mould, it is one of Japan’s largest alcohol exports. However, there is another rice wine that not only has centuries … Read more
Passenger vehicle wholesales increased marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches to dealers stood at 3,89,714 units in October, 2023. Total two-wheeler sales rose 14 per cent year-on-year to 21,64,276 units last month, as compared to 18,95,799 units in October 2023, Society of Indian … Read more
Mumbai: Scooters are experiencing a renaissance in the Indian market, even outpacing the traditional reign of motorcycles. Expansion of electric mobility, urban congestion and rising female participation in the workforce are among factors which lifted the share of scooters in the local two-wheeler market to a seven-year high in the first five months of this … Read more
Union Minister of Road Transport and Highways, Nitin Gadkari on Tuesday announced that commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit. The decision was taken at SIAM CEO’s Delegation meeting chaired by Gadkari at Bharat … Read more
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
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
New Delhi: Automobile exports from India rose 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the … Read more
Mumbai: Auto industry body, Society of Indian Automobile Manufacturers (Siam) has written to the government requesting for a reduction in the GST on two-wheelers. It has suggested that the government adopts three range slabs of reducing the rate-from the current 28% to 18% for internal combustion engine powered two wheelers, to 5% from the current … Read more
