Two-wheeler manufacturer Hero MotoCorp on Monday reported that it has achieved its highest-ever retail sales during the recent festive period, starting from Navratri.
The domestic two wheeler sales of Bajaj Automobiles declined by 8 per cent in October year on year, according to the sales figure data released by the company on Monday.
Bajaj Auto has reported a significant rise in the sales of its two-wheelers for September 2024, with domestic sales increasing by 28 per cent year-on-year (YoY).
Total passenger vehicle sales in India declined 1.8 per cent in August to 352,921 units, as against 359,228 units same month last year, data released by the Society of Indian Automobile Manufacturers (SIAM) showed on Friday.
Retail automobile sales in India saw double-digit yearly growth in July, with almost all vehicle categories witnessing an increase. To be precise, the sales jumped 13.84 per cent during the month.
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.
Excluding Honda, the growth remains robust at around 14 per cent. Additionally, passenger vehicle (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation.
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.
The growth in FY25 is expected to be driven by higher Electric Vehicle (EV) sales supported by the Electric Mobility Promotion Scheme 2024, the expectation of interest rate cuts in the second half of FY25, and strong demand for new model launches.
While the sales of two-wheelers have seen a significant rise in the month of May 2024, sales of passenger cars have dropped by over 11 per cent, according to the data released by the Society of Indian Automobile Manufacturers (SIAM)
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.