Amid slowdown, lenders line up offers to turbocharge rural auto sales

Amid slowdown, lenders line up offers to turbocharge rural auto sales

The slowdown in rural demand for automobiles has prompted banks and finance companies to dole out offers for the festive season including lower interest rates, free insurance and longer repayment tenures. Experts said India’s auto industry is saddled with nearly ‘80,000 crore worth of inventory. Tractor sales, which tend to pick up after good crop … Read more

Auto sales India: Auto sales grow 3.1% in March, PVs and CVs fall 6% each ahead of Lok Sabha elections: FADA

Auto sales India: Auto sales grow 3.1% in March, PVs and CVs fall 6% each ahead of Lok Sabha elections: FADA

Auto retails in March registered a growth of 3.14 per cent on a year-on-year basis even as passenger vehicles, commercial vehicles and tractors saw a decline, Federation of Automobile Dealers Associations (FADA) said on Monday. With the expiration of FAME-II subsidy on March 31, e-2W sales rose, with the category seeing a market share bump … Read more

India SUV sales: SUVs to continue steering PV sales to record high in FY25, but overall demand scenario a concern

India SUV sales: SUVs to continue steering PV sales to record high in FY25, but overall demand scenario a concern

The overall demand for cars in India will continue downward trajectory in the upcoming financial year, even as SUV thirst is likely to push passenger vehicle (PV) sales to record high, a report showed on Monday. Sport utility vehicles (SUVs) are likely to propel overall PV volumes to record high at 5-7 per cent in … Read more

Auto sales India: India’s auto retails rise 15% in Jan riding record PVsales; a tough Q4 awaits for CVs: FADA

Auto sales India: India’s auto retails rise 15% in Jan riding record PVsales; a tough Q4 awaits for CVs: FADA

Overall auto retail market expanded 15 per cent in January on an annual basis, FADA data showed on Tuesday. While all segments posted a double-digit growth, commercial vehicles saw a 0.1 per cent growth and the auto body has warned of a demand taper in the final quarter of this financial year. Data from the … Read more