SIAM urges SC to allow more time for BS IV sale
Auto dealers say they won’t be able to clear their BS IV inventories before March 31 as the registration process ends much before it and the fear of coronavirus is also keeping buyers away.
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Auto retail sales grow 4% in October
Pushed by festive season offers, passenger vehicles showed the biggest growth: 11%. It grew from 223,498 units last year to 248,036.
Vehicle registrations fell 13% in September
The passenger vehicle segment saw the steepest fall as the festive season and discounts failed to revive sentiments.
Auto dealers expect sales uptick in festive season
FADA president sees the slowdown in the auto industry as a temporary blip, and believes that with the joint effort of automakers and OEMs, the sector has the potential to revive.
Vehicle registrations fall 6% in June quarter
The commercial vehicle segment posted the highest fall at 14% followed by two-wheelers at 6.4% and three-wheelers at 6.1%.
Retail passenger vehicle sales down by 3%: FADA
Federation of Automobile Dealers Association said that while auto sales are still in choppy waters, initial signs of positive consumer sentiment can be seen post the dull festive season.
