Automobile retail sales witness 10% growth in July: FADA
1 year, 4 months ago

Automobile retail sales witness 10% growth in July: FADA

The Hindu  

Auto mobile retail sales in India witnessed a 10% annual growth in July driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles, industry body FADA said on Monday. Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022. Passenger vehicle sales saw an increase of 4% to 2,84,064 units last month, as compared to 2,73,055 units in the year-ago period, the Federation of Automobile Dealers Associations said in a statement. However, severe monsoons and flood-like situations especially in North India, impacted sales," FADA President Manish Raj Singhania said.

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History of this topic

Passenger vehicle sales highest in Nov., up 4%, says SIAM
1 week, 3 days ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

Mint Explainer: Why the auto sector is not out of the woods
Trending News
2 weeks ago

Mint Explainer: Why the auto sector is not out of the woods

Live Mint  

Sales of small and mid-sized cars have long served as a barometer of middle-income consumption and economic health. Passenger car sales plummeted nearly 20% year-on-year in the July-September quarter, according to data from SIAM, while utility vehicles registered a 9% growth. Commercial vehicles faced a tougher quarter, with sales dropping 11% due to reduced government capital expenditure and sluggish market …

Mint Quick Edit | Car sales seem stuck in second gear
Trending News
2 weeks ago

Mint Quick Edit | Car sales seem stuck in second gear

Live Mint  

Close on the heels of a surprisingly weak gross domestic product growth reading, automobile sales data, seen as a an important indicator of economic activity in India, has spelt another round of disappointment. Retail sales of passenger vehicles in November fell 14% from a year earlier, according to data issued by the Federation of Automobile Dealers Associations on Monday. This …

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand
Trending News
2 weeks, 1 day ago

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand

Deccan Chronicle  

Pune: Retail sales of automobiles in India jumped 11.21 per cent on year to 32,08,719 units in November, riding on robust two-wheeler demand, Federation of Automobile Dealers Associations or FADA said on Monday. Sales of two-wheelers soared 15.8 per cent to 26,15,953 units last month, as against 22,58,970 units in November 2023. FADA said the commercial vehicles sales also dropped …

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA
2 weeks, 1 day ago

Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA

Live Mint  

New Delhi, Dec 9 Retail sales of vehicles across categories in India grew by 11.21 per cent at 32,08,719 units in November, as compared to 28,85,317 units in the same month last year riding on two-wheeler demand, Federation of Automobile Dealers Associations said in Monday. Retail sales of two-wheelers were at 26,15,953 units last month, as compared to 22,58,970 units …

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand
1 month, 1 week ago

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand

Deccan Chronicle  

Pune: The total vehicle retail sales during the 42-day festive period this year jumped 12 per cent, reaching 42.88 lakh units as against 38.37 lakh units last year, the Federation of Automobile Dealers Associations or FADA said on Friday. "We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with vehicles registered during …

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period
1 month, 1 week ago

45 lakh target missed, but new record set as 42.88 lakh vehicles sold in festive period

India Today  

The 42-day festive period in India, from October 3 till November 13, witnessed record retail sales of more than 42 lakh units driven by strong demand in the two-wheeler and passenger vehicle segments. The total vehicle sales, including those of two-wheelers, three-wheelers, commercial vehicles, passenger vehicles and tractors, jumped 11.8% at 42.88 lakh units in the 2024 festive period from …

Passenger vehicle, two-wheeler sales hit new high in October: Siam
1 month, 1 week ago

Passenger vehicle, two-wheeler sales hit new high in October: Siam

Deccan Chronicle  

Pune: Both passenger vehicles and two-wheelers wholesales hit a new high in October, driven by strong festive season demand, the Society of Indian Automobile Manufacturers SIAM data on Wednesday revealed. While passenger vehicle sales stood at 3,93,238 units, up 0.9 per cent from 3,89,714 units, the best ever in the month, SIAM said. Passenger Vehicles posted its highest ever sales …

Wholesale passenger vehicle sales grow marginally in October despite festival demand
1 month, 1 week ago

Wholesale passenger vehicle sales grow marginally in October despite festival demand

Live Mint  

Mumbai: India’s wholesale passenger vehicle sales grew marginally year-on-year to 3.93 lakh units in October despite two major festivals celebrated during the month. According to data released by the Society of Indian Automobile Manufacturers on Wednesday passenger vehicle sales grew 0.9% in October 2024, compared to the same period last year. Passenger vehicle sales grew 10% sequentially from the 3.57 …

Retail car sales jump 32% in Oct, inventory levels remain high
1 month, 2 weeks ago

Retail car sales jump 32% in Oct, inventory levels remain high

Deccan Chronicle  

Pune: Retail car sales in India jumped 32.4 per cent in October, boosted by festive demand, especially for sports utility vehicles, as well as new model launches and heavy discount offers, but inventory levels remained high, the Federation of Automobile Dealers Association or FADA said on Wednesday. It said car dealers’ sales to customers rose to 4,83,159 units in the …

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise
2 months, 3 weeks ago

Bajaj sold over 4 lakh two-wheelers in September, domestic sales rise

Hindustan Times  

Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year. Bajaj Auto's strong market performance in September 2024 highlights significant growth in two-wheeler and commercial vehicle sales, driven by domestic and export demand. The overall sales of Bajaj's commercial vehicles, including both domestic and export …

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM
4 months, 1 week ago

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

Hindustan Times  

Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle dispatches from companies to dealers stood at 3,50,355 units in July 2023, automobile industry body SIAM said on Wednesday. Utility vehicles continued to …

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM
4 months, 1 week ago

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

Hindustan Times  

Passenger vehicle wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The overall passenger vehicle dispatches from companies to dealers stood at 3,50,355 units in July 2023, automobile industry body SIAM said on Wednesday. …

Auto sales rise 14% in July, historic high inventory level causes concern: FADA
4 months, 2 weeks ago

Auto sales rise 14% in July, historic high inventory level causes concern: FADA

The Hindu  

The Indian auto retail sector witnessed a double digit growth of 13.84% Year on Year in July 2024 backed by a robust 17.17% YoY growth in Two-Wheelers sales. “It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation …

Automobile exports from India rise 15.5 per cent in Q1
5 months, 1 week ago

Automobile exports from India rise 15.5 per cent in Q1

India TV News  

Automobile exports from India increased 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. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Two-wheeler exports stood at 9,23,148 …

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead
5 months, 2 weeks ago

Industry experts predict favourable outlook for auto industry, two-wheelers expected to lead

Live Mint  

The Indian automotive industry has had a moderately positive beginning to the financial year, led by consumer sentiments and seasonal festivities. In Q1, CV dispatches grew in the mid-single digits owing to election year and lower business activity in tipper sales, with much of the growth driven by the M&HCV high tonnage vehicle and bus categories. Although overall production and …

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA
5 months, 2 weeks ago

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA

Hindustan Times  

Indian passenger vehicle sales saw a 7% drop in June 2024 compared to June 2023 due to heatwaves resulting in 15% less showroom walk-ins, PTI wrote, citing data from the Federation of Automobile Dealers Associations. Sales of passenger vehicles dropped 7% in June 2024, compared to June 2023 How many vehicles were sold in June 2024 compared to June 2023? …

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
6 months, 1 week ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 …

Car sales grew by four per cent in May to 3.50 lakh units
6 months, 3 weeks ago

Car sales grew by four per cent in May to 3.50 lakh units

New Indian Express  

MUMBAI: Passenger vehicle sales during the month of May were in the slow lane as buyers’ sentiments were impacted by general elections and extreme heat waves. Maruti Suzuki reported that its domestic PV sales rose marginally to 1,44,002 units last month from 1,43,708 units in the year-ago period. Secondly, there were elections and the scorching temperatures also had an impact …

India’s Auto Retail Clocks Robust 27% Growth in April
7 months, 2 weeks ago

India’s Auto Retail Clocks Robust 27% Growth in April

Deccan Chronicle  

Pune: The automobile retail sales surged 27 per cent in April, the first month of this fiscal, to 2.2 million units compared to the year before, the Federation of Automobile Dealers Associations or FADA said on Wednesday. “The passenger vehicle category experienced double-digit year-on-year growth, supported by enhanced model availability and favourable market sentiments, particularly around festive events like Navratri …

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body
8 months, 1 week ago

Two-wheeler sales yet to reach pre-Covid 19 levels, says auto industry body

Hindustan Times  

Passenger vehicles wholesales in India have touched a record high of 42,18,746 units in the financial year 2023-24, registering a year-on-year growth of 8.4 per cent, industry body Society of Indian Automobile Manufacturers said. The vehicle sales across the categories surged by 12.5 per cent to 2,38,53,463 units in the period under review On the other hand, the overall passenger …

Retail Car Sales Rise 8.45% in FY24: FADA
8 months, 2 weeks ago

Retail Car Sales Rise 8.45% in FY24: FADA

Deccan Chronicle  

Passenger vehicles retail sales in March declined by 6 per cent year-on-year, but rose 8.45 per cent in FY24, the Federation of Automobile Dealers Association said on Monday. PV retail sales in March dropped 6 per cent YoY at 3,22,345 units after a sustained increase in sales over the last few months. Singhania said, "Enhanced supply dynamics, strategic marketing efforts, …

Carmakers post higher March sales, end fiscal 2024 at record levels
8 months, 3 weeks ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head
8 months, 3 weeks ago

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head

Hindustan Times  

New Delhi, Luxury car sales in India could cross the milestone of 50,000 units for the first time in a year in 2024 amid growing demand for such models, according to Audi India head Balbir Singh Dhillon. HT Image The overall domestic luxury car segment grew by 28 per cent annually last year to record sales volume of around 48,500 …

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January
10 months, 1 week ago

Passenger vehicle wholesales surge 14 per cent YoY to 3.93 lakh units in January

India TV News  

Domestic passenger vehicle wholesales surged by 14 per cent year-on-year to 3,93,074 units last month, marking the best-ever performance for January according to the Society of Indian Automobile Manufacturers. Two-wheeler wholesales also witnessed significant growth, rising by 26 per cent to 14,95,183 units last month, compared to 11,84,376 units in January of the previous year. Vinod Aggarwal, President of SIAM, …

Record Car Retail Sales Rise 13.3% to 3,93,250 Units in January: FADA
10 months, 1 week ago

Record Car Retail Sales Rise 13.3% to 3,93,250 Units in January: FADA

Deccan Chronicle  

Pune: The Indian automakers' passenger vehicle retail sales, the barometer of the Indian economy, jumped 13.3 per cent in January 2024 to 3,93,250 units, an all-time high retail sales, due to robust demand for the sports utility vehicles or SUVs, the Federation of Automobile Dealers Associations or FADA said on Tuesday. Singhania said improved vehicle availability, due to adjustments post-OBD …

Strong SUV offtake, wedding season drive PV retail sales to record high in January: FADA
10 months, 1 week ago

Strong SUV offtake, wedding season drive PV retail sales to record high in January: FADA

The Hindu  

“Passenger vehicle retail sales rose to a record high in January driven by robust demand for sports utility vehicles,” dealers’ body FADA said on February 13. Passenger vehicle sales rose to 3,93,250 units last month, registering a jump of 13% from 3,47,086 units sold in January 2023. “Improved vehicle availability, due to adjustments post-OBD 2 norm implementation, the introduction of …

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA
10 months, 1 week ago

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA

India TV News  

Passenger vehicle retail sales surged to an all-time high in January, fueled by strong demand for sports utility vehicles and the ongoing wedding season, according to the Federation of Automobile Dealers Associations. Last month, passenger vehicle sales reached 393,250 units, marking a notable increase of 13 per cent from 347,086 units recorded in January 2023. However, three-wheeler retail sales surged …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Passenger vehicle sales reach all-time high in Nov, says Siam
1 year ago

Passenger vehicle sales reach all-time high in Nov, says Siam

Deccan Chronicle  

Pune: Total domestic Indian automobile wholesales, dispatches from factory gates to dealers clocked a robust growth in November on a year-on-year basis, led by festival season sales. The passenger vehicle sales achieved its highest-ever mark in November reaching 3.34 lakh units, a growth of 4 per cent. Three-wheeler wholesale dispatches rose by 31 per cent year-on-year to 59,738 units last …

November auto sales see spurt in sales
1 year ago

November auto sales see spurt in sales

Deccan Chronicle  

Pune: Sales of passenger vehicles continued on an impressive run in November with major automakers posting a rise in sales except Tata Motors, which clocked a marginal drop in sales. Sales of passenger vehicles at Maruti Suzuki, India’s biggest carmaker grew 1.33 per cent at 1,34,158 units last month compared to 1,32,395 units in November 2022. “Seven out of top …

Pakistan logs only 6,200 car sales in Sept, even less than 2% of India’s tally
1 year, 1 month ago

Pakistan logs only 6,200 car sales in Sept, even less than 2% of India’s tally

Hindustan Times  

Car sales in neighbouring Pakistan continue to decline as only around 6,000 cars were sold in September. Representative Image According to Pakistan Automotive Manufacturers Association car sales data for October, only 6200 units were sold in Pakistan, down from September's 8400 units, HT Auto reported. PAMA records indicate a significant 44 per cent decline in sales for the first four …

Automobile retail sales declined 8% in October
1 year, 1 month ago

Automobile retail sales declined 8% in October

Deccan Chronicle  

PUNE: Total retail sales of automobiles in India declined by 8 per cent year-on-year in the festive month of October due to Shraddh period which marked first half of last month, when people largely stay away from big-ticket purchases, data released by the Federation of Automobile Dealers Associations or FADA) showed on Monday. FADA said retail sales of two-wheelers dropped …

Festive demand drives SUV sales to record high in October
1 year, 1 month ago

Festive demand drives SUV sales to record high in October

Deccan Chronicle  

Pune: Sales of passenger vehicles in India rose in double-digits to record levels last month with car makers ramping up dispatches from factory gates to dealerships to meet robust demand during this festive season. Similarly, Hyundai Motor, India’s second largest car maker, saw its sales growing by 14.84 per cent year-on-year at 55,128 units last month. Domestic sales at Tata …

Entry-level vehicles’ share in PV sales hits record low
1 year, 2 months ago

Entry-level vehicles’ share in PV sales hits record low

Live Mint  

New Delhi: The small car segment, which includes micro and mini cars, saw a record decrease in its share of passenger vehicle sales during the second quarter, pointing towards a notable shift in consumer preferences. The continuous downslide in these large automotive segments which represent a vast majority of the Indian consumer seeking upward social mobility shows that the pick-up …

Auto sector sees 9% growth in H1 FY24, fueled by record passenger vehicle, three-wheeler sales: FADA
1 year, 2 months ago

Auto sector sees 9% growth in H1 FY24, fueled by record passenger vehicle, three-wheeler sales: FADA

India TV News  

Automobile retail sales in India experienced a significant year-on-year increase of 9% during the April-September period of the current fiscal year, primarily driven by a record number of registrations for passenger vehicles and three-wheelers, according to a report from the Federation of Automobile Dealers Associations. Robust growth across all segments Total registrations for the April-September period in the current fiscal …

Automobile retail sales jump 20% in Sept. as demand soars in festive season
1 year, 2 months ago

Automobile retail sales jump 20% in Sept. as demand soars in festive season

The Hindu  

Automobile retail sales in India surged over 20% in September as demand soared across vehicle segments with the onset of festival season, dealer's body FADA said on Monday. Overall automobile registrations rose to 18,82,071 units last month from 15,63,735 units in September 2022, the Federation of Automobile Dealers Associations said in a statement. The year-on-year analysis reveals broad-based growth across …

Auto retail sales soar over 20% in September, FADA predicts thriving festive season
1 year, 2 months ago

Auto retail sales soar over 20% in September, FADA predicts thriving festive season

India TV News  

In a positive turn of events for the Indian automotive sector, retail sales of automobiles experienced a robust surge, exceeding 20 percent in the month of September. Two-wheeler sales displayed an impressive growth rate of 22 percent, three-wheeler retail sales soared by 49 percent, passenger vehicle sales saw a notable uptick of 19 percent, and the commercial vehicle sector reported …

Domestic passenger vehicle wholesales rise 2.94% in July: SIAM
1 year, 4 months ago

Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

The Hindu  

Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers said on Thursday. As per the latest data issued by SIAM, dispatches of passenger vehicles from manufacturers to dealers were at 2,93,865 units in July 2022. Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against …

Domestic automobile retail sales grow 10% in July: FADA
1 year, 4 months ago

Domestic automobile retail sales grow 10% in July: FADA

Deccan Chronicle  

PUNE: Automobile retail sales in India rose 10 per cent year-on-year in July, across all categories such as passenger and commercial vehicles, the barometers of the economy, the Federation of Automobile Dealers Associations or FADA said on Monday. Total retail sales across segments rose to 17,70,181 units last month, as compared to 16,09,217 units in July 2022. Passenger vehicle sales …

Domestic Automobile Retail Sales Grows 10 Percent in June 2023: FADA
1 year, 5 months ago

Domestic Automobile Retail Sales Grows 10 Percent in June 2023: FADA

News 18  

Domestic automobile retail sales rose 10 percent in June driven by sales growth across various segments, including passenger vehicles and two-wheelers, automobile dealers body FADA said on Thursday. Passenger vehicle retail sales increased 5 percent to 2,95,299 units as against 2,81,811 units in June 2022. Tractor retail sales jumped 45 percent year-on-year to 98,660 units while there was a marginal …

June auto retail sales rose 10% year-on-year: FADA
1 year, 5 months ago

June auto retail sales rose 10% year-on-year: FADA

The Hindu  

Auto retail sales in June 2023 reported a 10% y-o-y growth owing to positive performances across all vehicle categories including two wheelers, three wheelers, passenger vehicles, tractors, and commercial vehicles at growth rates of 7%, 75%, 5%, 41%, and 0.5% respectively, according to data released by the Federation of Automobile Dealers Associations. “Despite a 10% y-o-y growth, the auto retail …

Indian auto industry grows to ₹8.7 lakh crore in FY23: Report
1 year, 5 months ago

Indian auto industry grows to ₹8.7 lakh crore in FY23: Report

The Hindu  

The Indian automobile sector has grown into a ₹8.7 lakh-crore industry by producing 2.7 crore vehicles in FY23, management consulting firm Primus Partners said in a report. Primus Partners said the PV segment grew to ₹5 lakh crore in FY23 and half of the revenue came from mid and full size SUVs. “As per our study, the Indian market is …

Passenger vehicle wholesales rise 13.54 per cent in May month | Read details
1 year, 6 months ago

Passenger vehicle wholesales rise 13.54 per cent in May month | Read details

India TV News  

Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday. As per the latest data issued by the Society of Indian Automobile Manufacturers, dispatches of passenger vehicles from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler …

Auto sales on growth track riding on demand for SUVs
1 year, 6 months ago

Auto sales on growth track riding on demand for SUVs

The Hindu  

Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, and Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Market leader Maruti Suzuki India reported a 15% rise in total domestic passenger vehicle sales at 1,43,708 units as compared with 1,24,474 units in the same …

April auto retail slows as two-wheelers drag
1 year, 7 months ago

April auto retail slows as two-wheelers drag

Live Mint  

NEW DELHI : Retail automobile sales declined by 4% in April due to a drop in two-wheeler sales, particularly entry-level models, according to data from the Federation of Automobile Dealers Associations. FADA reported a decline in two-wheeler and passenger vehicle sales due to decreased consumer demand, with the entry-level two-wheeler segment seeing a 19% drop compared to the pre-covid month …

Total vehicle retail sales in April decline, FY’24 kicks off with modest performance: FADA
1 year, 7 months ago

Total vehicle retail sales in April decline, FY’24 kicks off with modest performance: FADA

Live Mint  

The Federation of Automobile Dealers Associations has released Vehicle Retail Data for April 2023. As per the data, the financial year 2023-24 kicked off with a modest vehicle retail performance in April, seeing a decline of 4% in total vehicle retails. “This was primarily due to last year's high base and the OBD 2A norms, which led to vehicle price …

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales
1 year, 7 months ago

Bajaj Auto reports 2.5% drop in Q4 PAT to ₹1,433 cr on lower sales

Live Mint  

Two-wheelers and commercial vehicles maker, Bajaj Auto despite witnessing a single-digit drop in PAT due to lower sales, beats Street's estimates for the quarter ending March 31, 2023. From December 2022 quarter where PAT stood much higher at ₹1,491 crore, Bajaj Auto's net profit dipped by nearly 4% in Q4FY23. In its financial report, Bajaj Auto said, domestic motorcycle sales …

Festive season, discounts push up 14% car sales in March
1 year, 8 months ago

Festive season, discounts push up 14% car sales in March

Deccan Chronicle  

PUNE: Passenger vehicle retail sales in the country rose by 14 per cent year-on-year in March riding on the back of festive season demand and the transition to a new on-board emission system, called OBD2A norms, the Federation of Automobile Dealers Associations or FADA said on Tuesday. While two-wheeler retail sales jumped to 14,45,867 in March, up from 12,86,109 units …

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