Analysis: Auto sales rise 207% in May 2022 but still lower than pre-Covid levels
2 years, 6 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 4,10,871 197.66% 1,61,276 658.32% 14,20,563 -13.91% 3W 41,508 5,215 695.93% 1,895 2090.40% 51,446 -19.32% PV 2,63,152 86,479 204.30% 31,951 723.61% 2,36,21 11.40% TRAC 52,487 16,623 215.75% 10,193 414.93% 39,438 33.09% CV 66,632 17,607 278.44% 1,049 6251.95% 75,238 -11.44% LCV 38,635 9,463 308.27% 694 5467.00% 43,267 -10.71% MCV 3,941 918 329.30% 2 196950.00% 5,077 22.38% HCV 20,945 6,252 235.01% 22 95104.55% 23,931 -12.48% Others 3,111 974 219.40% 331 839.88% 2,963 4.99% Total 16,46,773 5,36,795 206.78% 2,06,364 697.99% 18,22,900 -9.66% Source: FADA Similarly, three-wheeler sales remained muted last month at 41,508 compared with 51,446 units in May 2019. Tata Motors led the commercial vehicles market in May 2022, with a market share of 41.3 per cent, followed by Mahindra and Mahindra, with a share of 22.1 per cent, and Ashok Leyland, with a share of 15.6 per cent.

Retail Auto Sales Share Fada Units Vehicle Cent Stood Vahan  levels  units  share  2022  steel  retail  pv  analysis  auto  precovid  vehicle  lower  rise  sales  2w  207  stood  cent

History of this topic

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, 2 days 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 …

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 …

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? …

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 …

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, …

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 …

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 …

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

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 …

US automakers’ sales rose sharply over the summer, despite high prices and interest rates
1 year, 2 months ago

US automakers’ sales rose sharply over the summer, despite high prices and interest rates

Associated Press  

DETROIT — Automakers posted big increases in new vehicle sales during the summer, despite high prices, rising interest rates and even a limited strike against Detroit companies. Industry sales rose 16.3% from July through September as consumer demand stayed strong, even given an average new vehicle loan rate of 7.4% and an average vehicle price of more than $45,500. Power …

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 …

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 …

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 …

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates
1 year, 6 months ago

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

Associated Press  

NEW YORK — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and parts dealers. The latest retail sales data follow a government report this week that consumer inflation eased …

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 …

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 …

‘Automobile retail sales see double-digit growth in FY23’
1 year, 8 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 …

Retail Auto Sales See Double-Digit Growth In February On Strong Demand
1 year, 9 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. …

Electric passenger vehicles retail sales decline 10.51 pc in Jan
1 year, 10 months ago

Electric passenger vehicles retail sales decline 10.51 pc in Jan

Deccan Chronicle  

Mumbai: Electric passenger vehicles retail sales declined by 10.51 per cent sequentially to 3,346 units in January 2023 over 3,739 vehicles sold in December last year, according to automobiles body FADA. Tata Motors's electric PV sales were down 17 per cent at 2,426 vehicles in January as against 2,926 units delivered in December 2022. BYD India reported 164 per cent …

GM reclaims US auto sales crown from Toyota after 2.5% rise in 2022 sales
1 year, 11 months ago

GM reclaims US auto sales crown from Toyota after 2.5% rise in 2022 sales

Live Mint  

General Motors Co reclaimed the top spot in U.S. auto sales from rival Toyota Motor Corp in 2022 as it was able to better meet strong demand for cars and trucks despite industry-wide supply disruptions. Shares of GM rose 2.7% in afternoon trade on Wednesday to $34.75, after the company posted a 2.5% rise in 2022 sales to 2,274,088 vehicles, …

Supply chain woes caused US auto sales to fall 8% last year
1 year, 11 months ago

Supply chain woes caused US auto sales to fall 8% last year

Associated Press  

DETROIT — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade. But there’s good news for consumers in the gloomy numbers: Vehicle supplies on dealer lots are growing, albeit slowly, and automakers expect at least a …

Automobile retail sales soar to record high in Nov: FADA
2 years 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 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 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, 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 …

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

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 …

New auto sales up in 2021, but long way before full recovery
2 years, 11 months ago

New auto sales up in 2021, but long way before full recovery

Associated Press  

DETROIT — U.S. new vehicle sales rebounded slightly last year from 2020′s dismal numbers, but were still about 2 million below the years before the coronavirus pandemic. “What is off is sales, because the inventory doesn’t exist.” Cox expects 2021 sales to be 14.9 million vehicles, up 2.5% from 2020, the year the pandemic hit the U.S. and forced the …

Overall vehicle retail sales rise 23 per cent in June 2021: FADA
3 years, 5 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 …

Overall domestic vehicle sales fall 30 per cent in April 2021: SIAM
3 years, 7 months ago

Overall domestic vehicle sales fall 30 per cent in April 2021: SIAM

India Today  

Hit hard by the second wave of the Covid-19 pandemic, the Indian automobile industry registered a fall of 30.18 per cent in total domestic sales to 12,70,458 units in April 2021 from 18,19,682 units in March 2021, the latest report from SIAM has revealed. The domestic passenger vehicle sales slipped 10.07 per cent to 2,61,633 units in April 2021. A …

Auto sales dip 25% in April
3 years, 7 months ago

Auto sales dip 25% in April

Hindustan Times  

Retail sales of automobiles plunged into negative territory in April after six months of growth as the raging second wave of the pandemic and lockdowns across states crimped consumer sentiment and demand. Showroom sales of passenger vehicles fell 25.3% sequentially to 208,883 units during April. Showroom sales of passenger vehicles fell 25.3% sequentially to 208,883 units during April, showed data …

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, 10 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 …

Indian Auto Industry Retail Likely to Log YoY Growth From April, 2021: FADA
3 years, 11 months 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 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 …

Healthy Growth in Automotive Sales to Bolster Steady Growth in Overall Economic Acitivty
4 years, 2 months ago

Healthy Growth in Automotive Sales to Bolster Steady Growth in Overall Economic Acitivty

News 18  

Healthy rise in automobile month-on-month sales has lighted up hopes of a steady pick-up in overall economic activity. According to the Federation of Automobile Dealers Associations data, on a yearly comparison, passenger vehicles retail sales in September grew by 9.81 per cent to 1,95,665 units from 1,78,189 units off-take during the like month of last year. “From a virtual zero …

Passenger vehicle sales grow 10% in September
4 years, 2 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, 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 …

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