Passenger vehicle sales faced a downturn in March: FADA
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
Two-wheeler EV sales surged due to the expiration of the FAME 2 subsidy on March 31.
Price hikes and higher interest rates have failed to come in the way of India's love for cars.
Young fashion brand FabAlley & Indya expects festive sales in East India to grow by 70% over last year.
India Ratings and Research says demand for these vehicles will take a hit in the near term.
Sales of passenger vehicles—which include cars, utility vehicles, and vans—fell 23.7% in September.
The commercial vehicle segment posted the highest fall at 14% followed by two-wheelers at 6.4% and three-wheelers at 6.1%.