Passenger vehicle in terms of wholesale had declined for the 11th consecutive month in September
According to JLL data, total warehousing leasing stood at 24.1 million square feet during January-September
A key risk for vehicle financing companies in India was their heavy reliance on short-term wholesale funding, the agency said
According to reports, discounts offered were 10-25 per cent on sticker prices, depending on the model
Sales of pre-owned cars in the domestic market stood at 4 million in 2018 and is estimated to be at 4.4 million in 2019, said OLX Auto Note study, a consumer report on the pre-owned car market
Domestic automobile industry's sales volume fell 12 per cent in June 2019 over the same month last year on weak consumer sentiments owing to the slowing economy
Motorcycle sales last month jumped by 25.13% to 1,145,221 units compared to 915,259 units in March 2017
Sales of commercial vehicles were up 31.13% to 87,777 units in February
Domestic passenger vehicle sales were flat in October as dealers had built enough inventory for festive demand during August-September period. Sales of two wheelers from manufacturers to dealers declined almost three per cent last month. Light commercial vehicles and three wheelers, however, reported a double digit growth, Siam data showed. Within the passenger vehicles, the biggest contributor, cars, clocked a decline of 5.32 per cent to 184,666 units. Utility vehicles, the next biggest contributor, continued to grow and posted a double digit increase of 12.44 per cent to 79,323 vehicles. Vans expanded by five per cent to 15,848 units. Most car makers, barring market leader Maruti Suzuki, reported a flat performance while some also declined. Maruti clocked a growth of 9.25 per cent to sell 135,128 units last month. Hyundai, the second biggest player, reported a decline of 0.86 per cent to sell 49,588 units. Other leading players like M&M and Honda also saw a decline.The festive ..
Sales of commercial vehicles were up 11.9% to 65,569 units in October