Auto sales growth moderates in April, sets record despite tepid demand

Auto sales growth moderates in April, sets record despite tepid demand

New Delhi: Car sales in the local market rose 1.3% to 335,629 units last month, and automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years. Though the growth rate moderated in April, it was the fourth consecutive month when sales volume … Read more

India car sales: Car sales touch record mark in February amid better supplies and strong consumer demand

India car sales: Car sales touch record mark in February amid better supplies and strong consumer demand

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

Maruti Suzuki, Hyundai, Tata, Renault post the highest-ever share of sales from rural markets in 2023

Maruti Suzuki, Hyundai, Tata, Renault post the highest-ever share of sales from rural markets in 2023

Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti … Read more