Auto sector kicks off festive season with 10% growth in PV sales
FADA says October will see auto retail on high grounds, with dealers anticipating the month to be the “best festive in a decade” for the PV segment.
festive season
October 2022
September 2022
November 2020
October 2020
October 2019
Two-third households plan festive spending this season, says survey
Two third of the respondents intend to spend money during this festival season, with half of them willing to spend over ₹10,000 on festival purchases, as per the LocalCircles survey.
Revenge consumption: consumers flock to stores as festivities near
Young fashion brand FabAlley & Indya expects festive sales in East India to grow by 70% over last year.
Vehicle registrations decline in October
India's auto industry, hurt by fall in demand due to Covid-19, sees momentary hope in the sale of tractors, signalling a buoyancy in the rural market.
Gold loses lustre as Covid-19 takes a toll
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
Smartphones to sell more online this season: Report
Offline sales traffic for smartphones is likely to divert towards online marketplaces, which, in turn, would push up online sales.
Vehicle registrations fell 13% in September
The passenger vehicle segment saw the steepest fall as the festive season and discounts failed to revive sentiments.
Passenger vehicle sales fall for eleventh month in a row
Sales of passenger vehicles—which include cars, utility vehicles, and vans—fell 23.7% in September.
Renting cars makes more sense in a slowdown: Hype
Hype founder and CEO Raghav Belavadi says when people don’t have the money to buy cars, renting and subscription is a good option.
Auto industry stuck in reverse
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
