
What gets missed in India’s growth indicators
Closer reading of numbers show claim of economic boom is misplaced
Closer reading of numbers show claim of economic boom is misplaced
Entry-level PVs have fewer buyers, suggesting that customers at the bottom of the pyramid are still hesitant to upgrade from two-wheelers to four-wheelers, says FADA.
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
The auto sector recorded sustained recovery in demand amid the festival season, with Maruti Suzuki selling 1.3 lakh PV units in November.
FADA says October will see auto retail on high grounds, with dealers anticipating the month to be the “best festive in a decade” for the PV segment.
Passenger vehicle sales rose 6.51% year-on-year to 2,74,448 units in August.
Mahindra Auto sells 29,516 SUVs, a growth of 87% YoY; Hyundai sales increased by 5.3% on a YoY basis
The BSE Sensex and the NSE Nifty are set to fall sharply in opening trade on Monday, following weak global cues after U.S. Fed Chair Jerome Powell reiterated a hawkish tone to combat inflation.
The CV segment has shown first signs of growth since the pandemic, but demand in two-wheelers is still a far cry from picking up.
Maruti Suzuki says the shortage of electronic components has a "minor impact" on the production of vehicles, mainly domestic models, and that it took all steps to minimise the impact.