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: 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
Automobile retailers’ apex body FADA on Friday voiced its concern on the high inventory level and said it is planning to take up the matter with the Society of Indian Automobile Manufacturers (SIAM). At the third edition of the Finance and Insurance Summit 2024 here, Federation of Automobile Dealers’ Association (FADA) President Manish Singhania also … Read more
New Delhi: Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though the growth rate moderated in April, it was the fourth consecutive month when sales volume … Read more
Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. A high base due to the strong growth in the last two years weighed on the year-on-year comparison, resulting … Read more
Bajaj Auto, the third-largest motorcycle maker by sales, said it will disrupt the entry level domestic motorcycle market with the launch of the world’s first compressed natural gas (CNG)-run motorcycle, which it claims will halve the monthly fuel expense. Bajaj Auto is hoping this will shake up market leader Hero MotoCorp’s dominance in the entry-level … Read more
