Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

Car cos find roads to dealers choked: PV sales decline for the first time in 2.5 years in July amid sluggish demand

New Delhi: Passenger vehicle sales fell for the first time in two and a half years in July amid sluggish demand and high dealer inventory, reflecting a broader slowdown in consumer spending across sectors after a two-year post-pandemic boom. While industry body Society of Indian Automobile Manufacturers (SIAM) will issue official sales data only later … Read more

Bajaj Auto reports 25 pc rise in total wholesales in March

Bajaj Auto reports 25 pc rise in total wholesales in March

New Delhi: Bajaj Auto Ltd on Tuesday reported 25 per cent year-on-year growth in its total vehicle wholesales, including exports at 3,65,904 units in March. The Pune-based automaker had sold 2,91,567 two-wheelers and commercial vehicles in March 2023, according to a company statement. Total domestic sales (including commercial vehicles) rose 18 per cent at 2,20,393 … Read more