Auto dealers' body expects more vehicle launches this festive season. Here's why
2 years, 4 months ago

Auto dealers' body expects more vehicle launches this festive season. Here's why

Hindustan Times  

Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season compared to the last two years when Covid-19 pandemic overshadowed the festive cheer. Auto dealers' body FADA said it expects automakers to launch higher number of models this festive season Federation of Automobile Dealers' Association president Vinkesh Gulati had termed 2021 festive season as the "worst" in a decade in terms of business of its retail partners. In an interaction with PTI, Gulati said this time the demand is "too good", except for the non-electric two-wheeler segment which remains the "biggest stress" on the industry owing to a host of factors. And this is the worry for FADA," Gulati said, citing a number of reasons in the last two years, including transition from BSIV to BSVI, which jacked up two-wheeler prices by a whopping 30 per cent, higher fuel prices and "growing intervention” from the road transport ministry regarding safety features and other norms.

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History of this topic

After the festive boost, passenger vehicle sales hit the skids in November
2 weeks, 6 days 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 …

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 …

Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in
2 months ago

Will the Festive Season Be a Game Changer for the Auto Sector? Experts Weigh in

Live Mint  

The festive season is expected to be a game-changer for the Indian auto industry, with select segments poised for growth. Two-wheeler, three-wheeler, and tractor segments are expected to thrive, driven by favourable base, improving rural demand, and favorable weather conditions. However, passenger vehicle sales may remain subdued due to consumer caution and economic factors. The overall outlook is mixed, with …

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 …

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 …

Festival season speeds up auto retail sales
2 years 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 …

Automakers see best festival sales in 4 years
2 years, 1 month 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 …

No bumper offers on new cars this festive season
2 years, 3 months ago

No bumper offers on new cars this festive season

The Hindu  

Buyers looking for exciting discounts and offers on purchase of new automobiles during the festival season this year are likely to be disappointed as demand for new cars is anticipated to exceed their supply. The industry expects limited discounts and offers, that too largely for vehicles seeing low demand, such as in the entry-level hatchback segment, with waiting periods for …

Automobile sales during 2021 festive season the ‘worst’ in a decade, says dealer body FADA
3 years, 1 month 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 …

Festive Season Sequentially Lifts November Auto Retail Sales by 29.32 Percent
4 years 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 …

Automobile Dealerships Foresee Flat or Moderate Growth During Festive Season: ICRA
4 years, 2 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 …

Maruti Suzuki, Honda, Tata Motors Bank on Sales to Pick Up During Festive Season Despite Covid-19
4 years, 4 months ago

Maruti Suzuki, Honda, Tata Motors Bank on Sales to Pick Up During Festive Season Despite Covid-19

News 18  

Leading automakers Maruti Suzuki India, Honda and Tata Motors expect sales to pick up during the festive season, although there is uncertainty about their performance this year on account of COVID-19 pandemic. So in any year festive season is one of the better month for sales, but however this year we would expect festive season to be good but then …

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