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.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
Promoters whose companies service both ICE and electric segments see a jump in fortunes.
This poses a substantial risk for dealer sustainability, warns FADA.
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 MoU envisages an investment of around ₹9,000 crore over five years.