Auto sales jump 19% in festive season; price hikes in the offing
Several automakers on Monday announced their plans to raise prices by January 2024.
fada
November 2023
October 2023
September 2023
August 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
Passenger vehicle sales jump 19% in September
The auto market showed consistent demand for luxury cars and SUVs, signifying a robust consumer appetite for premium segments, says FADA.
Passenger vehicle sales rise 6.5% in August: FADA
It is alarming that inventory levels have exceeded the 60-day supply for the first time, says FADA.
Passenger vehicle sales up 4% in July
Severe monsoons and flood-like situations impacted sales
EV demand boosts auto sales in May
2W EV sales contributed 7% and 3W EV sales contributed a substantial 56% to their respective total sales.
Passenger vehicle sales drop for first time in 8 months in April
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.
Inflation, El Niño may hit two-wheeler sales in rural India
Two-wheeler sales grew 12% year-on-year in March but were down 9% from pre-Covid levels.
Retail vehicle sales surge 16% YoY in Feb: FADA
The surge is boosted by the launch of new models, continuously improving supply coupled with a healthy booking-to-cancellation ratio, and the wedding season, according to FADA.
PV sales up 22% in January; total retail rises 14%: FADA
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
India tops Japan to become world’s 3rd largest auto market
Easing chip shortage globally has helped Indian companies like Maruti Suzuki and Tata Motors post record sales in 2022.
