China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
India's auto retail sales experienced a significant decline in August 2024, primarily due to excessive rainfall during this monsoon season, according to a report by the Federation of Automobile Dealers Associations (FADA).
The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as compared with August 2023, Kotak Institutional Equities says it is because of weak retail demand trends and higher inventory levels at the dealerships.
Maruti Suzuki has reported a 3.9 per cent decline in its total vehicle sales for August 2024, as per the filing by the company with the stock exchange on Sunday.
The passenger vehicle sales in the month of July stood at 3,41,510 units, highlighting the sales data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.
The two and three-wheeler segment in electric vehicles has seen an impressive 95.94 per cent and 18.18 per cent growth in July on a yearly basis, respectively, observed the Federation Of Automobile Dealers Associations (FADA) in its latest report.
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 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.
Consumers in cities such as Agra, Coimbatore, Nagpur, and Vadodara have witnessed significant growth in sales of second-hand cars during the second quarter of 2024 with a surge of 150 per cent, 120 per cent, 111 per cent, and 138 per cent, respectively.
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.
The global sales of the luxury segment of Tata Motors, Jaguar Land Rover, reported a positive growth in sales on Monday for the first quarter (April-June) of 2024
Eicher Motors and Ashok Leyland reported contrasting sales figures for June 2024 and the fiscal year 2024-25, reflecting both challenges and resilience within the industry.