Car sales drop 5% in August: FADA
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
Hero MotoCorp says monthly sales were marginally impacted by supply shortages
The passenger vehicle industry is estimated to have clocked wholesales of 350,000-355,000 units in August
This poses a substantial risk for dealer sustainability, warns FADA.
Passenger vehicle sales India's largest carmaker declined 9.6% year-on-year to 137,463 units in July 2024.
Tata Motors and Hyundai Motor India, the country's second-largest carmaker, saw a decline in total sales in June 2024.
Maruti Suzuki India Ltd's domestic passenger vehicle wholesales came in flat at 1.44 lakh units in May 2024 as against 1.43 lakh units in the same month last year.
The two-wheeler segment saw notable growth due to improved supply and the increasing demand for 125cc models, says FADA.
Maruti Suzuki clocked wholesales of 1.37 lakh units, cornering a market share of 40.8%.
India's largest carmaker Maruti Suzuki clocks highest-ever sales in FY24