
Toyota Kirloskar Motor sales jump 51% in November
The first 11 months of calendar year 2023 witnessed a significant surge of 40% in sales over the same period last year.
The first 11 months of calendar year 2023 witnessed a significant surge of 40% in sales over the same period last year.
Several automakers on Monday announced their plans to raise prices by January 2024.
The auto market showed consistent demand for luxury cars and SUVs, signifying a robust consumer appetite for premium segments, says FADA.
It is alarming that inventory levels have exceeded the 60-day supply for the first time, says FADA.
Severe monsoons and flood-like situations impacted sales
CNG car sales volumes were up by 40.7% in FY23 despite a 49% increase in CNG average prices during the year.
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.
The implementation of BSVI Stage II regulations, which will mandate the onboard diagnostics (OBD)-2 norms, is going to entail a steep price hike across all categories of vehicles.
Passenger vehicle sales rose 6.51% year-on-year to 2,74,448 units in August.
The entry-level segment has lost its appeal to SUVs. However, Maruti Suzuki sees glimmering hope in the segment which has been abandoned by marginal players.