used vehicles: Competitive intensity in used vehicle market to be on the rise: India Ratings

India Ratings and Research expects vehicle financiers to increase the share of used vehicles in their overall vehicle asset under management (AUM). This is because the rising new vehicle prices, driven by the changes in emission norms, technological changes and higher commodity prices, have made the purchase of new vehicles out of reach for first-time … Read more

May auto retails impacted by heatwave and elections, dip 5.3% MoM: FADA

Auto retails in the month of May dropped 5.28 per cent on a monthly basis as showrooms saw lower footfall due to prevailing heatwave, lack of new models and the now-concluded Lok Sabha elections, auto body FADA said on Monday. However, they saw a rise of 2.6 per cent on an annual basis.Sales of two-wheelers … Read more