Sales of passenger vehicles in the local market fell for the second straight month in August, on a high base, and with carmakers curtailing dealer dispatches to rationalise record-high inventory levels. According to data available work industry body Society of Indian Automobile Manufacturers (SIAM), 352,921 cars, sedans and utility vehicles were dispatched from factories to … Read more
Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (SIAM), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last … Read more
Registrations of passenger as well as commercial vehicles fell last month with excess rainfall, floods disrupting retail sales in several states in the local market. While passenger vehicle sales declined by 4.5% to 309,053 units, commercial vehicle retails slid 6.05% to 73,253 units on back of weather-related disruptions and weak industrial demand. Overall, vehicle registrations … Read more
Mahindra & Mahindra on Monday said its total wholesales increased 9 per cent year-on-year to 76,755 units in August. The company’s total dispatches to its dealers stood at 70,350 units in August 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 16 per cent to 43,277 units last month against 37,270 … Read more
Sales of passenger vehicles fell for the first time in more than two years in July on a high base worsened by sluggish demand and inventory glut at dealerships. Two-wheelers however grew in double digits, and three wheelers in low single digits, helped by steady recovery in rural demand, on a low base. Passenger vehicles … Read more
India recorded just 0.73 per cent annual growth in its auto retail sales in the month of June, owing to the delayed monsoon in certain parts of the country, the Federation of Automobile Dealers Associations (FADA) said on Friday. While the two wheeler (2W) and three-wheeler (3W) segments saw a positive year-on-year (YoY) growth of … Read more
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
MUMBAI: Passenger vehicle sales are projected to grow at a moderate 3-5 per cent this financial year on account of a high-base effect of FY24, shrinking order book and subdued demand for entry-level variants, a report said on Monday. According to the report by credit ratings agency CareEdge, following robust growth of 90 per cent … Read more
Passenger vehicle dispatches went up in low single-digits, on a high base, last month as the growth pace moderated after three years of runaway wholesales and amid a built up of stocks in the channel.According to data available with industry body Society of Indian Automobile Manufacturers (SIAM), as many as 347,492 cars, sedans and utility … Read more
Maruti Suzuki India is aiming to outpace the domestic industry this fiscal by selling about 2 million vehicles, marking an 8.1% increase, according to a plan shared with the automaker’s suppliers at a two-day vendor meet in Antalya, Turkey that began on Monday. Maruti’s targeted growth is 350-500 basis points higher than the auto industry … Read more
