Two-wheeler makers Royal Enfield, Bajaj Auto and Hero MotoCorp posted record revenue from sales of branded, genuine parts – like brake pads, headlights and speedometer – accessories and merchandise in FY24. At their post-earnings investor calls, company executives attributed this to the market for such items becoming more organised and buyers giving preference to branded … 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
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
Motorcycle and scooter sales in India likely grew in double-digits in the financial year 2023-24, crossing pre-Covid levels, buoyed by sustained revival in demand in both urban and rural markets. Industry estimates show domestic two-wheeler sales rose about 13% to 18.4-18.5 million units in FY24. Petrol-powered models comprised more than 95% of the total sales … Read more
As per data collated by Federation of Automobile Dealers Association (FADA) from the VAHAN portal of the Ministry of Road, Transport and Highways (MoRTH) as many as 2,127,653 vehicles were registered last month, compared to 1,849,691 units in the same period last year. With rural markets on a recovery mode, vehicle retailers are optimistic of … Read more
