Sales of cars priced under ₹10 lakh declining: Maruti Suzuki chairman
Maruti Suzuki chairman R. C. Bhargava says lack of affordability is the key reason for the drop in car sales in the sub ₹10-lakh segment.
Maruti Suzuki chairman R. C. Bhargava says lack of affordability is the key reason for the drop in car sales in the sub ₹10-lakh segment.
EVs face a greater challenge when the industry is under pressure, says SIAM president Shailesh Chandra.
Mahindra & Mahindra sells 51,062 SUVs in the domestic market in September, a growth of 24%
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
M&M sold just 39 fewer cars than the country's second-largest carmaker Hyundai Motor India in September.
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.
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.