The total two-wheeler sales of Hero MotoCorp in July declined to 3,70,274 units from 3,91,310 units in July 2023. The company sold a total of 3,40,390 motorcycles in July this year, and scooter sales stood at 29,884 units, according to an exchange filing by the company.
The two wheeler sales in India in June registered a growth of 21.3 per cent year-on-year (Y-o-Y), highlights the sales data released by Society of Indian Automobile Manufacturers (SIAM) on Friday.
India's retail auto sector registered 2.61 per cent growth Y-o-Y in May, highlights Federation of Automobile Dealers Associations (FADA) in its vehicle retail data on Monday.
Backed by robust economic growth and conducive government, the Indian automobile industry has posted a satisfactory performance with sales growing by 12.5 per cent during the just-concluded financial year.
"Positive market sentiment was supported by seasonal events, improved vehicle supply, and financial incentives. Despite facing market volatility and intense competition, the industry is strategically evolving, particularly in the premium and EV categories, signalling a bright future," said F
As per S&P Global Mobility, the forecast highlights a continued recovery in light vehicle output, contributing to inventory restocking across various regions.
The first half of October 2023, marked by the Shraddh period when people largely stay away from big-ticket purchases, saw an 8 per cent YoY decline in vehicle sales, which has likely suppressed the overall monthly figures.
Talking about the coming week, Ajit Mishra, Vice-President Research, Religare Broking, said, "The coming week marks the beginning of the new month also so participants will be eyeing high-frequency data viz. auto sales, manufacturing PMI and services PMI data. Before that, the GDP data, sche
Investors' sentiments across the world by and large will be influenced by the FOMC meeting outcome. It is expected that the European Central Bank (ECB) will announce its interest rate decision on May 4.
India's sales volume is expected to rise further with the inclusion of pending fourth-quarter sales figures for commercial vehicles, along with year-end results yet to be released by Tata Motors and other automakers, according to Nikkei Asia.