July Auto Retail Sales Up By 34.12% At 15,56,777 Units: FADA
The surge in auto retail sales is due to the low base effect and revival in economic activity, which was curbed due to lockdown in earlier months.
Record Retails Sales For EVs In July, The Highest Ever In The Last 14 Months
In contrast to earlier months when electric three-wheelers (E3W) led EV sales, in July, the EV sales is largely aided by the electric two-wheeler (E2W) registrations post the announcement of increased incentives under the FAME-II scheme.
Two-Wheelers Continue To Ride on Bumpy Road In July 2021
There has been a 15-20% rise in ownership cost of two-wheelers in the last year. Rising petrol prices have further acted as a dampener for the segment.
Passenger Vehicles Sales in July Soar 49% On Back Of Pent-up Demand, Low Base
Notwithstanding the threat of a third COVID wave, the PV segment may continue to post strong numbers in the coming months as the basic fundamentals continue to be strong, aided by high number of pending orders.
July Auto Sales: PVs Out Of The Woods, 2Ws Still A Cause Of Concern
The Passenger Vehicle (PV) category is expected to record domestic sales somewhere near to July 2018 figures, while the commercial vehicles segment, after two years of slowdown, is expected to witness the demand coming back on track.
Tata Motors Takes Pole Position In Mid-Size SUV Segment After The Launch of Safari
Tata Motors sold a total of 20,505 units of Harrier and Safari together, about 2,740 units more than that of MG Hector and Hector Plus, which recorded 17,765 units sales in H1CY21.
Mahindra Pips Kia India To The Third Position In H1 CY21 Sales By 621 Units
The two companies have been going neck to neck in monthly sales through the first six months of the year, with Mahindra maintaining a slender lead over its Korean rival.
Railways Biting Into M&HCV Business, LCVs Corner 72% Share Of CV Segment in Q1 FY22
Introduction of regulations, such as axle-norms, e-way bills as well as the rollout of BS-VI fuel norms in the country have had impacts on the Indian CV sector. We analyse what’s in store.
What Explains Rajasthan’s Conservative Approach To Its EV Policy?
According to the policy, the Rajasthan government will refund the state component of GST (SGST) to consumers, who will purchase EVs between April 2021 and March 2022.
Auto Sales in Q1FY22 Up By 113% From Q1FY21 And Down By 47.73% From Q1FY20
Industry experts say that though there is some revival when looking at the comparative numbers, the actual health of the auto sector is very grim.