FADA has reported that these MBOs are acquiring unregistered vehicles in bulk from dealers and reselling them to customers at discounted rates, higher than the prices offered by original equipment manufacturers (OEMs) through authorized dealers, without any commitment to after-sales service.
The new financial year 2023-24 kicked off on a relatively weaker note for retail vehicle sales in India as data showed they declined in the month of April.
Sales of retail vehicles in India shot up 14 per cent on a yearly basis in March. Except for tractors, all categories saw double-digit growth, with two-wheelers, three-wheelers, passenger vehicles and commercial vehicles growing by 12 per cent, 69 per cent, 14 per cent, and 10 per cent, resp
All categories also witnessed double-digit growth with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 15 per cent, 81 per cent, 11 per cent, 14 per cent and 17 per cent, respectively, on year-on-year basis, according to the FADA statement released on Mond
Meta in a statement said with people increasingly relying on digital touchpoints to decide on their automobile purchases, auto dealers feel an urgent need to become discoverable to customers online.
In December 2022, 16,22,317 units were sold as against 17,14,942 units sold in December 2021, data released by The Federation of Automobile Dealers Associations (FADA) on Thursday showed.
According to FADA, two-wheelers (2W), three-wheelers (3W), tractors and commercial vehicles (CV) were up 24 per cent, 80 per cent, 21 per cent, 57 per cent and 33 per cent, respectively.
The festive season of 2022 brought cheer to the auto industry as for the first time every vehicle category came out in good numbers, thus making it the best in the last 4 years.
New Delhi [India], October 10 (ANI): Overall auto retail sales saw a massive jump of 57 per cent during the recently concluded Navratri period as compared to that of the last year, data released by the Federation of Automobile Dealers Associations (FADA) on Monday revealed.
New Delhi [India], October 4 (ANI): The total retail sales of vehicles witnessed 11 per cent year-on-year growth during September 2022, a report by the Federation of Automobile Dealers Associations (FADA) said on Tuesday. October would see auto retail on high grounds with 24 days of festivit
New Delhi [India], September 9 (ANI): Following the death of well-known industrialist and former Tata Sons chairman Mistry died in a road accident near Mumbai on Sunday evening, Federation of Automobile Dealers Associations (FADA), the apex national body of Automobile Retail in India on Frid
New Delhi [India], September 8 (ANI): Retail vehicle sales for the month of August 2022 saw year-on-year growth of 8 per cent, said the Federation of Automobile Dealers Associations (FADA).