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.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
Sales of three-wheelers increased by 5.1% to 59,073 units in July 2024, up from 56,204 units in July 2023
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
In FY24, the sales of utility vehicles witnessed a growth of 25.8% year-on-year to 25,20,691 units as against 20,03,718 units in FY23.
Passenger vehicle volumes could grow 5%-8% in FY25, as the pent-up demand normalises, says rating agency
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24
The domestic wholesales of two-wheeler manufacturers including electric vehicles grew by 26.2% YoY to 14,95,183 units against 11,84,376 units in the same period last year.