Passenger vehicle sales in India stayed in the slow lane for the third straight month in June mainly due to a high base and easing of post-pandemic pent-up demand. June sales rose 3.7% from a year earlier but fell marginally from May. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last … Read more
As per data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 370,786 cars, sedans and utility vehicles were sold last month, which is an increase of 10.8% over 334,790 units reported in the same period last year. This was the third highest monthly sales on record, behind 3,94,500 units the … Read more
India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023 buoyed by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates. More than 4.1 million cars, sedans and utility vehicles were sold in the domestic market last year, an 8.2% increase from the 3.79 … Read more
Vehicle registrations – a proxy for retail sales – increased 21% last month as consumers closed purchases across categories availing of year-end discounts and anticipating a price hike in the new year. This growth in monthly registrations was a sharp pickup from the previous two years when the numbers had dropped – by 5.4% in … Read more
