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India’s PV sales dip 6.7% in June as overall auto retail growth modest
PV sales fell 7.8% and overall auto retails dipped 9.29% on a month-on-month basis in June; dealer feedback across segments remains cautious
PV sales fell 7.8% and overall auto retails dipped 9.29% on a month-on-month basis in June; dealer feedback across segments remains cautious
Due to the extreme heat which broke records, the number of walk-ins to showrooms dropped by around 18%.
The two-wheeler segment saw notable growth due to improved supply and the increasing demand for 125cc models, says FADA.
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
Passenger cars marked the highest February sales figures ever, driven by new product introductions and enhanced vehicle availability, says FADA
SUVs in particular saw strong demand, with extended waiting periods for key models.
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