Elections and heat wave have affected the sales of vehicles in May
The inventories might be valued at an astounding Rs 44,000 crore on the face of demand tapering after a three-year almost unbroken sales run
Passenger vehicle retail sales rose 16 per cent to 3,35,123 units in April, as compared to 2,89,056 units in the same month last year
There has been a recovery in two-wheeler sales figures in FY24, with an increase of over 10%, which indicates an improvement in rural demand
The auto sector witnessed a double-digit increase across various categories, driven by strong demand for passenger vehicles, three-wheelers, and tract
All five vehicles of the South Korea based automotive company will become further costlier from beginning of the next financial year.
During the festive period, passenger vehicle retail sales rose to 5,47,246 units, up 10 per cent from 4,96,047 units in the same period last year
The country's largest carmaker currently has a market share of around 43 per cent in the overall passenger vehicle segment.
Monthly analysis presents a decline of 5% in retail sales from June 2023 with the 3W segment being the only exception, which grew by 9%, while categor
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