Motor insurance, which saw muted growth in the last two years, has finally seen some momentum, although the base is low
Good demand for used vehicles in rural market, says Umesh Revankar in interview
October likely to be good, too, amid the festival season
Decline also seen in vehicle registrations, railway freight growth
Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice
Auto companies will see business increasing by 25-30 per cent thanks to scrapping, says minister
Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019
Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent
Commercial vehicle maker Ashok Leyland's total vehicle sales, including exports, grew 51 per cent on an annual basis to 14,121 units in August, the company said on Thursday. The Hinduja Group flagship had sold a total of 9,360 vehicles in August 2021. The total medium and heavy Commercial Vehicle (M&HCV) sales were up 81 per cent year-on-year and touched 8,379 units from 4,632 units sold in August 2021, with truck volumes growing 70 per cent at 7,325 units, as against 4,297 units a year ago. The light commercial vehicle (LCV) sales volumes stood at 5,742 units during August, growing 21 per cent over 4,728 vehicles in the same month last year, it added. The domestic vehicle sales increased 58 per cent to 13,301 units in the month under review, from 8,400 units in the year-ago period, the company said.
Dragged down by two-wheelers, overall retail falls 8%
Vehicle registrations and railway freight numbers came in lower than before
Traffic congestion is rising again in major cities
Passenger vehicle retail sales in India witnessed an 11 per cent year-on-year decline in December as semiconductor shortage continued to impact the segment, automobile dealers' body FADA said
The study highlights the most-compelling consumer trends and statistics with respect to the Indian used car industry
Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year.
Maruti reported a 19% decline in total sales at 130,699 units in August, as against 162,462 units in the previous month
Low base, along with rising demand, pushed up India's overall vehicle retail sales on both sequential and year-on-year basis in July 2021
What happened to ambulance sales during the pandemic? Business Standard looked at some of the available data, and the takeaways were quite surprising. Watch the video
The apex bodies representing the dealers have appealed for relief from all vehicle makers, who are yet to announce a similar financial package like last year
Sales of two-wheelers during April stood at 995,097, 39 per cent lower than in April 2019