Sales of passenger vehicles in the local market declined for the second straight month in August, on a high base, and with carmakers reducing dispatches to rationalise stocks at dealerships. According to industry estimates around 350,000-355,000 cars, sedans and utility vehicles were dispatched from factories to dealerships last month, which is a decline of 1.7-3% … Read more
New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the start of the year. Passenger vehicle sales in the local market are expected to grow by 8.1-8.2% to 4.23 million units in FY24, buoyed by … Read more
The country’s leading carmakers including Maruti Suzuki and Hyundai are off to a good start in the new year and are on way to post their best January sales riding on sustained consumer demand, especially for high-margin sports utility vehicles (SUVs).As per industry estimates, 375,000-376,000 hatchbacks, sedans and utility vehicles will be dispatched from factories … Read more
New Delhi: Sales of cars and utility vehicles posted strong growth last month, helping the 2023 volume to top 4 million units a year for the first time. As per industry estimates, about 4.1 million passenger vehicles were sold in the local market in the last calendar year, an increase of around 8.2% compared with … Read more
New Delhi: Carmakers are offering the best deals seen in the past five years on small cars, sedans and slow-moving SUVs to reduce dealer inventory that has ballooned after the recent festive season. Several dealers and industry executives ET spoke to said discounts on vehicles have increased by 25-50% over the same period last year, … Read more
