Car sales jump 32% in Oct; 2-wheelers see 36% growth: FADA
The passenger vehicle segment’s growth was driven by the festivals coinciding in October, boosting consumer purchasing.
The passenger vehicle segment’s growth was driven by the festivals coinciding in October, boosting consumer purchasing.
Maruti Suzuki chairman R. C. Bhargava says lack of affordability is the key reason for the drop in car sales in the sub ₹10-lakh segment.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
Mahindra & Mahindra sells 51,062 SUVs in the domestic market in September, a growth of 24%
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
M&M sold just 39 fewer cars than the country's second-largest carmaker Hyundai Motor India in September.
The passenger vehicle industry is estimated to have clocked wholesales of 350,000-355,000 units in August
This poses a substantial risk for dealer sustainability, warns FADA.
Passenger vehicle sales India's largest carmaker declined 9.6% year-on-year to 137,463 units in July 2024.
Tata Motors and Hyundai Motor India, the country's second-largest carmaker, saw a decline in total sales in June 2024.