December auto sales skid 12%: FADA
1 day, 18 hours ago

December auto sales skid 12%: FADA

The Hindu  

Automobile retail sales in December slid 12% year-on-year and 45.26% month-on-month, according to retail data released by The Federation of Automobile Dealers Associations, indicating a demand crunch in a slowing economy. The 2W segment which suffered a substantial drop of 17.6% y-o-y and 54.2% m-o-m was impacted by delayed crop payments, halted government disbursements and typical year-end factors, FADA said citing dealers’ feedback. PV retail sales declined by 1.9% yoy and 8.8% m-o-m, primarily due to high inventory levels following the festive season and aggressive discounting aimed at clearing stock, said C. S. Vigneshwar, president, FADA. “Poor market sentiment, limited new model launches and intense price competition among co-dealers further impacted sales,” he said adding inventory levels have now come down to 55 and 60 days. CV retails declined by 5.2% yoy and 12.1% m-o-m due to low market sentiment, delayed government fund releases and slow financing approvals, the FADA President said adding many customers postponed purchases, preferring 2025 models.

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History of this topic

Auto Retail Sales Up 11.21 PC in Nov on Robust 2-Wheeler Demand
Trending News
4 weeks, 2 days 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
1 month 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 …

After the festive boost, passenger vehicle sales hit the skids in November
1 month ago

After the festive boost, passenger vehicle sales hit the skids in November

Live Mint  

Passenger vehicle sales, which have been struggling to maintain momentum throughout 2024, experienced yet another setback in November following the festive season-led surge, according to a Mint analysis of vehicle-registration data from the ministry of road transport and highways’ Vahan portal. "Weak demand conditions continue, with high discounts persisting even after the festive season sales and inventory reduction," noted a …

Tata Motors expects PV retail sales to sustain momentum in Q3
1 month, 3 weeks ago

Tata Motors expects PV retail sales to sustain momentum in Q3

Live Mint  

New Delhi, Nov 17 Tata Motors is expecting passenger vehicle retail sales to maintain growth momentum in the ongoing quarter driven by year-end demand, according to a top company executive. As per FADA data, festive demand helped PV retail sales rise 32 per cent year-on-year to 4,83,159 units in October. Strong retail sales in October, has allowed the automaker to …

Vehicle retail sales rise 12 per cent to 43 lakh units during 42-day festive demand
1 month, 3 weeks 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 …

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

Festive cheer for car market: Sales zoom in October, but inventory still a concern
2 months ago

Festive cheer for car market: Sales zoom in October, but inventory still a concern

India Today  

With Navaratri and Diwali falling in the same month, it was festive cheer for the Indian car market as retail sales sky-rocketed over 32% year-on-year and more than 75% month-on-month in October. According to data from the industry body Federation of Automobile Dealers Associations, the passenger vehicle retails grew 32.38% y-o-y at 483,159 units in October from 364,991 units in …

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

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

Retail Car Sales Rise 8.45% in FY24: FADA
9 months 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, …

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

Automobile retail sales declined 8% in October
1 year, 2 months 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 …

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 2 months ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period …

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, 3 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, 3 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 automobile retail sales grow 10% in July: FADA
1 year, 5 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 …

Automobile retail sales witness 10% growth in July: FADA
1 year, 5 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 …

Domestic Automobile Retail Sales Grows 10 Percent in June 2023: FADA
1 year, 6 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, 6 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 …

Total vehicle retail sales in April decline, FY’24 kicks off with modest performance: FADA
1 year, 8 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 …

‘Automobile retail sales see double-digit growth in FY23’
1 year, 9 months ago

‘Automobile retail sales see double-digit growth in FY23’

The Hindu  

Automobile retail sales grew in double-digits in the country last fiscal, driven by a record offtake of 36 lakh passenger vehicles, the Federation of Automobile Dealers Associations said on Tuesday. Total retail sales rose to 2,21,50,222 units last fiscal, up 21% from 1,83,27,326 units in FY22. He noted that last fiscal the retail sales of passenger vehicles reached a record …

India’s retail vehicle sales surge by 14% YoY in March, FADA Report
1 year, 9 months ago

India’s retail vehicle sales surge by 14% YoY in March, FADA Report

Live Mint  

According to the latest data from the Federation of Automobile Dealers Associations, retail vehicle sales in India experienced a 14 percent YoY increase in March. The Federation of Automobile Dealers Associations reported that while retail vehicle sales in India saw a 14% YoY increase in March, tractors only grew by 4%. FADA stated that although the two-wheeler segment exhibited yearly …

Retail Auto Sales See Double-Digit Growth In February On Strong Demand
1 year, 10 months ago

Retail Auto Sales See Double-Digit Growth In February On Strong Demand

ABP News  

India's automobile retail sales registered a double-digit year-on-year growth in February driven by robust sales across segments, including passenger vehicles and two-wheelers, automobile dealers' body Federation of Automobile Dealers Associations said on Monday. According to the FADA release, total registrations across segments rose 16 per cent YoY to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. …

Automobile retail sales soar to record high in Nov: FADA
2 years, 1 month ago

Automobile retail sales soar to record high in Nov: FADA

Deccan Chronicle  

New Delhi: Automobile retail sales in India clocked best-ever performance last month aided by robust registrations across segments including passenger vehicles, two-wheelers and commercial vehicles, automobile dealer' body FADA said on Friday. The overall automobile retail sales rose by 26 per cent to 23,80,465 units last month, as compared with 18,93,647 units in November 2021. Passenger vehicle retail sales rose …

Festival season speeds up auto retail sales
2 years, 1 month ago

Festival season speeds up auto retail sales

Firstpost  

According to data released by Automobile Dealers Associations, the strong sales in October which were aided by the festival season were carried forward in November on the shoulders of the Great Indian wedding season November was a month of rejoicing for automakers in India as the total vehicle retail sales grew 26 per cent and came to 23,80,465 units as …

Auto retail sales at record levels in November, all segments in green
2 years, 1 month ago

Auto retail sales at record levels in November, all segments in green

India Today  

The automotive industry recorded its second-best retail performance ever in November, backed by robust demand, which has continued after the handsome festive season, and better availability of vehicles owing to higher production amid the easing semiconductor supply. "This segment is slowly turning the tides from negative to positive as the same can be witnessed from retail sales due to the …

Automakers see best festival sales in 4 years
2 years, 2 months ago

Automakers see best festival sales in 4 years

Deccan Chronicle  

Pune: The Federation of Automobile Dealers Associations, or Fada, on Monday said car retail sales in the festive month of October zoomed 41 per cent at 3,28,645 units and the total vehicle sales also surged 48 per cent year-on-year with all categories like two-wheeler, three-wheeler, tractor and commercial vehicles registering growth. The automotive dealers' body said the total retail sales …

Festivities bring cheer as auto retail zooms past pre-Covid period in October
2 years, 2 months ago

Festivities bring cheer as auto retail zooms past pre-Covid period in October

India Today  

The festive period turned out to be a bumper one as the overall auto retail in October crossed the pre-Covid mark with the passenger vehicle segment continuing its robust run and the two-wheeler segment making a strong comeback. With better vehicle availability and new launches, the segment also witnessed the best festive period in a decade by surpassing 2020 festival …

September retail sales: PV segment drives smoothly, rough ride continues for 2W segment
2 years, 3 months ago

September retail sales: PV segment drives smoothly, rough ride continues for 2W segment

India Today  

The retail sales of passenger vehicles continued to remain robust in September amid strong demand and better availability due to the easing of semiconductor shortage. The three-wheeler segment recorded a strong growth of 71.94% y-o-y to 63,915 units in September from 37,172 units in the same month last year. The retail sales in the commercial vehicle segment climbed 18.87% y-o-y …

Automobile retail sales in India rise 8.31% in August: FADA
2 years, 4 months ago

Automobile retail sales in India rise 8.31% in August: FADA

India TV News  

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. Two-wheeler retail sales also grew by 8.52 per cent at 10,74,266 units in August 2022 as against 9,89,969 units in the same month last year, it …

Analysis: Auto sales rise 207% in May 2022 but still lower than pre-Covid levels
2 years, 7 months ago

Analysis: Auto sales rise 207% in May 2022 but still lower than pre-Covid levels

Live Mint  

The total vehicle categories were in the green in May 2022, increasing by 207%. This was 11 per cent higher compared to 2,36,215 units sold in May 2019. Commercial vehicle sales stood at 66,632 units last month, up from 17,607 units in May last year. Category MAY' 22 MAY'21 YoY MAY'20 Change MAY'20 MAY'19 % Change MAY'19 2W 12,22,994 4,10,871 …

Electric vehicle retail sales zoom over three-fold in FY22
2 years, 8 months ago

Electric vehicle retail sales zoom over three-fold in FY22

The Hindu  

Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers' body FADA. According to the Federation of Automobile Dealers Associations, electric passenger vehicle retail sales stood at 17,802 during the last fiscal, up over three-fold from 4,984 units in FY21. Electric two-wheeler retail sales …

Automobile sales during 2021 festive season the ‘worst’ in a decade, says dealer body FADA
3 years, 2 months ago

Automobile sales during 2021 festive season the ‘worst’ in a decade, says dealer body FADA

Firstpost  

Automobile dealers’ body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the country. The industry body, which represents over 15,000 auto dealers that own over 26,500 outlets across the country, said the chip shortage situation has impacted offtake in the passenger vehicle segment. FADA President …

Overall vehicle retail sales rise 23 per cent in June 2021: FADA
3 years, 6 months ago

Overall vehicle retail sales rise 23 per cent in June 2021: FADA

India Today  

The overall vehicle retail sales in India increased 22.62 per cent to 12,17,151 units in June 2021 on the back of pent-up demand and easing of Covid-19 restrictions, the latest data from FADA has revealed. The passenger vehicle sales rose 43.45 per cent to 1,84,134 units in June 2021 from 1,28,360 units in the same month last year. The commercial …

Retail vehicle sales fall 10% on chip shortage, fading demand
3 years, 10 months ago

Retail vehicle sales fall 10% on chip shortage, fading demand

The Hindu  

Total retail sales of vehicles slid by almost 10% in January to about 15.9 lakh units as a shortage of semiconductors impacted vehicle availability, while fading pent-up demand and price increases by automobile manufacturers also contributed to the decline, according to the Federation Of Automobile Dealers Associations. As per data from FADA, passenger vehicle sales fell 4.46% to 2.81 lakh …

Retail sales of passenger vehicles rise 42% in July
3 years, 11 months ago

Retail sales of passenger vehicles rise 42% in July

Live Mint  

Retail sales of vehicles rose sharply in July on a sequential basis largely because of pent-up demand and greater preference for personal mobility to avoid infection and as dealerships reopened in most states. Showroom sales of passenger vehicles rose 42.14% to 261,744 units in July from 184,134 units in June, showed data issued by the Federation of Automobile Dealers Associations …

Automakers end 2020 on a positive note; register 11 per cent overall retail sales growth in December: FADA report
3 years, 11 months ago

Automakers end 2020 on a positive note; register 11 per cent overall retail sales growth in December: FADA report

India Today  

The Federation of Automobile Dealers Associations released the monthly vehicle registration data for the month of December 2020, which sees a reported overall retail sales of around 1,844,143 units, which is 11 per cent higher compared to December 2019, and a per cent higher than November 2020. The December 2020 registrations for the first time in FY20-21 witness positive growth …

December auto wholesales likely in cruise mode, lend support to stocks
4 years ago

December auto wholesales likely in cruise mode, lend support to stocks

Live Mint  

MUMBAI: The festival season juggernaut for the auto sector may still have some steam left. Three-wheeler sales are likely to remain sluggish, still the low base of last year should support growth. "Volumes are expected to be lower month-on-month on account of season factors but most companies should still report y-o-y growth, thanks to a low base,” said analysts at …

Indian Auto Industry Retail Likely to Log YoY Growth From April, 2021: FADA
4 years ago

Indian Auto Industry Retail Likely to Log YoY Growth From April, 2021: FADA

News 18  

India’s pandemic-battered automobile retail segment is expected to log year-on-year growth only from April 2021, Federation of Automobile Dealers Associations’ President Vinkesh Gulati said. While the industry may continue to see MoM growth, we will definitely not see YoY growth or even similar numbers in the first quarter of CY21,” Gulati said. “Things may start looking good on a YoY …

Festive Season Sequentially Lifts November Auto Retail Sales by 29.32 Percent
4 years, 1 month ago

Festive Season Sequentially Lifts November Auto Retail Sales by 29.32 Percent

News 18  

The festive season boosted India’s automobile retail sales by 29.32 per cent in November on a sequential basis, industry data showed on Tuesday. Nevertheless, on a YoY basis, November retail sales declined by 19.29 per cent to 18,27,990 units from 22,64,947 units off-take during the like month of last year. “Automobile industry has seen one of the best recovery rates …

PV wholesales rise for a 2nd month as dealers stock up
4 years, 2 months ago

PV wholesales rise for a 2nd month as dealers stock up

Live Mint  

India’s passenger vehicle and two-wheeler wholesale dispatches rose for the second consecutive month in September, in a steady recovery from April when the pandemic-induced lockdowns severely depressed demand. Utility vehicle sales grew by 24.5% from a year earlier to 96,633 units in September thanks to increased dispatches by Maruti Suzuki India Ltd, Hyundai Motor India Ltd and Kia Motors India …

Passenger vehicle sales grow 10% in September
4 years, 3 months ago

Passenger vehicle sales grow 10% in September

Live Mint  

For the first time this fiscal, retail sales of passenger vehicles witnessed a year over year growth in September with PV retail volumes growing 10% YoY to 195,665 units, according to data from Federation of Automobile Dealers Associations. The jump in PV retail sales was due to multiple factors including opening up of the urban markets from covid-19 related restrictions, …

Automobile Dealerships Foresee Flat or Moderate Growth During Festive Season: ICRA
4 years, 3 months ago

Automobile Dealerships Foresee Flat or Moderate Growth During Festive Season: ICRA

News 18  

Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the impact of the coronavirus pandemic, according to rating agency ICRA. Citing a survey done by the ratings agency across PV, 2W and the CV segments with presence in rural, semi-urban and the metro …

Auto cos face extended slowdown, sales to cross lower FY20 numbers only by FY24
4 years, 8 months ago

Auto cos face extended slowdown, sales to cross lower FY20 numbers only by FY24

India TV News  

Automobile makers are in for tough period at least in the short to medium term as the period of poor sales is expected to continue well into the first half of current fiscal year with only a moderate recovery thereafter. According to a report by global analytic firm Crisil, with the current disruption in the economic activity, passenger vehicle sales …

Most vehicle makers drew a blank in April; M&M scored with some tractor sales
4 years, 8 months ago

Most vehicle makers drew a blank in April; M&M scored with some tractor sales

Live Mint  

Auto sales came to a standstill for most companies in April, except for tractor manufacturers. While all car companies, including industry leader Maruti Suzuki India Ltd, reported zero sales for April, Mahindra and Mahindra Ltd managed to sell 4,716 farm equipment vehicles in the domestic market. “Several positive factors such as a good rabi crop output, opening of procurement centres …

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