 |
| Business Updates |
Availability of vehicles:
The availability of vehicles has increased to match the demand. However, due to the delayed arrival of monsoons and excessive heat, the number of people coming to vehicles, and showrooms has decreased by 15%, according to the Federation of Automobile Dealers Association (FADA). President Manish Raj Singhania.
'Industry growth likely to slow':
Consumer inquiries for vehicles. He said that they have received information from dealers that there are challenges due to the postponement of Golu's decisions. The level of a vehicle inventory has also reached a lifetime high of 62-67 days, he said. As there is still time for the festive season, automakers should carefully strategize on production; Thus it is suggested to reduce the pressure of high-interest costs Vehicle.
'Industry growth likely to slow':
Consumer inquiries for vehicles. He said that they have received information from dealers that there are challenges due to the postponement of Golu's decisions. The level of a vehicle inventory has also reached a lifetime high of 62-67 days, he said. As there is still time for the festive season, automakers should carefully strategize on production; Thus it is suggested to reduce the pressure of high-interest costs Vehicle.
 |
| Car retail sales |
According to, FADA (Federation of Automobile Dealers Association) data, the two-wheeler segment has shown a positive 4.66 percent year-on-year growth. Three-wheeler sales have increased by 5.1 percent year on year. Passenger vehicle sales have declined 6.77 percent year on year. Sales of tractors have declined significantly by 28.3 percent, and sales of commercial vehicles have declined by 4.74 percent year on year. FADA expects that the arrival of southwest monsoon before the schedule may boost kharif sowing and government's hike in MSP is expected to increase rural spending and will potentially improve auto retail performance