Two-wheeler wholesales grow 14.2% to 21.64 lakh units in Oct: SIAM
Passenger vehicle wholesales grew marginally by 0.9% compared to the last October, recording sales of 3.93 lakh units.
Passenger vehicle wholesales grew marginally by 0.9% compared to the last October, recording sales of 3.93 lakh units.
A slowdown in car sales was inevitable, says Hyundai Motor India's Tarun Garg.
FADA says dealers have historically high inventory levels of 80-85 days—equivalent to 7.9 lakh vehicles worth ₹79,000 crore.
M&M sold just 39 fewer cars than the country's second-largest carmaker Hyundai Motor India in September.
Inventory has reached alarming levels with stock stretching to 70-75 days and inventory totalling 7.8 lakh vehicles, valued at ₹77,800 crore.
Hero MotoCorp says monthly sales were marginally impacted by supply shortages
The passenger vehicle industry is estimated to have clocked wholesales of 350,000-355,000 units in August
This poses a substantial risk for dealer sustainability, warns FADA.
Passenger vehicle sales India's largest carmaker declined 9.6% year-on-year to 137,463 units in July 2024.
Tata Motors and Hyundai Motor India, the country's second-largest carmaker, saw a decline in total sales in June 2024.