After a gap of three months, carmakers in the local market reported a small uptick in dispatches, albeit on a high base, as consumers drove home vehicles during the festive period in October, spurting retails and bringing down inventory at dealerships. As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as … Read more
Rural markets have outpaced urban in two-wheeler sales growth for the first time since the pandemic, with executives at Hero MotoCorp, Honda Motorcycle & Scooter India and TVS Motor Co noting signs of a rebound in rural discretionary spending.Registrations of motorcycles, scooters and mopeds in rural markets increased by 8-9% in the first half of … 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
