Explore Business Standard
China's domestic passenger car sales fell 34.2% in February from a year earlier, an industry association said Wednesday, reflecting weakening demand as some trade-in subsidies are phased out. Only 950,000 units of passenger cars were sold in China last month, according to the China Association of Automobile Manufacturers, down from nearly 1.4 million vehicles sold in January. Overall passenger car sales including exports dropped 15.4% year-on-year, even as shipments overseas jumped 58% to 586,000, highlighting the challenges for Chinese carmakers trying to offset sluggish domestic sales by expanding into foreign markets. Automakers have been struggling with weak demand as the government has been phasing out trade-in subsidies to encourage purchases of electric vehicles. Chinese consumers have also been steering clear of big purchases, feeling a pinch from a slowing economy and protracted property slump. The Lunar New Year festival, China's biggest holiday, took place in February, .
Automobile retail sales rose nearly 18 per cent year-on-year to over 27 lakh units in January, led by continued post-GST momentum, healthy rural cash flows on the back of harvest and weddings, and sustained demand visibility across freight, dealer's body FADA said on Tuesday. Overall retail sales last month grew to 27,22,558 units, up 17.61 per cent, as against 23,14,940 units in January 2025. Passenger vehicle retails stood at 5,13,475 units last month, a growth of 7 per cent, as against 4,78,915 units in the year-ago period. "The growth story is increasingly being written in non-metro India -- Rural PV grew by 14.43 per cent YoY, significantly ahead of Urban at 2.75 per cent YoY. "This reinforces the structural expansion of PV demand beyond the top cities, aided by a strong SUV/compact-SUV preference, revival of entry-level cars, product availability and continued schemes," FADA President C S Vigneshwar said in a statement. Two-wheeler retail sales grew 21 per cent year-on-year
Bajaj Auto on Monday reported 1 per cent year-on-year dip in domestic two-wheeler sales at 2,02,510 units in November as compared with 2,03,611 units in the year-ago period. The company reported a 8 per cent year-on-year growth in total vehicle wholesales, including exports, at 4,53,273 units in November. The Pune-based automaker had sold 4,21,640 vehicles in November last year, according to a regulatory filing. Total domestic sales (including commercial vehicles) increased 3 per cent to 2,47,516 units in November compared to 2,40,854 units sold in the corresponding month last year. Total exports for November rose 14 per cent year-on-year to 2,05,757 vehicles from 1,80,786 units in the year-ago period, according to the filing. Total two-wheeler sales, including exports, increased 3 per cent year-on-year to 3,79,714 units in November.