Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
Passenger vehicle retail sales up 1% in November: FADA
According to FADA, passenger vehicles (PV) sales stood at 2,55,535 units in November 2...
FADA moves Supreme Court seeking relief in sale of BS-IV vehicles after April 1 deadline
Last year, the Supreme Court had ordered that no Bha...
November automobile retail marginally improves over last year
The number of registrations of vehicles at regional transport offices (RTOs), which is a proxy for retail sales, improved 2% over last year. Registrations improved for all categories of vehicles except commercial vehicles like trucks and buses, the sales of which continue to decline.
Passenger vehicle retail sales jump 11% in October on festive demand: FADA
According to Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,23,498 units in October 2018. Two-wheeler sales increased 5 per cent to 13,34,941 units last month as compared with 12,70,261 units in the year-ago period.
Festive October a quirk amid auto slump
Auto sales picked up pace in October as more and more headed out to purchase vehicles amid the festive season. Vehicle registrations at RTOs improved 4% over October last year. Inventory build-up at vehicle dealers eased across the board. Registration numbers of PV improved 11% in October, while those of two-wheelers improved 5%.
FADA urges GST Council to take definitive decision on GST rate for automobiles
In a letter written to FM Nirmala Sitharaman, FADA President Ashish Harsharaj Kale said customers have deferred their buying decisions in anticipation of GST rate cut.
Auto retailers' body threatens UM Lohia Motorcycles of litigation
The joint venture between Lohia Group and US-based UM Motorcycles- UM Lohia that came into existence in 2015, is now sent a legal notice by FADA under allegation of forgery and fraud. It caused huge losses to its dealers and investors.
Up and down: Vehicle sales data a two-way street
Conundrum ensues as data on vehicle registration from VAHAN dashboard by SIAM & FADA show divergence.
Vehicle retail continued to decline in September too, suggests new data
Vehicle registrations, which are a proxy for retail sales, declined 12.9% during September, as per the Federation of Automobile Dealers Association. Car registrations were down by 20.1%, while 2-wheeler registrations declined 12.1%.
Fada welcomes SBI moves on longer credit period, cheaper loans
SBI on Monday announced a number of offers including cheaper car loans to push credit demand ahead of festivals beginning later this month and lasting till the new year.
Passenger vehicles retail sales fall 11 per cent in July: FADA
According to Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,74,772 units in July 2018.
Sentiment and liquidity will give boost to auto sector: Vinkesh Gulati, FADA
Message from govt that BS-IV vehicles will be allowed to lead their own lives have been helpful.
Government measures to revive auto sector yet to make impact on ground level: FADA
He was responding to query on whether the measures announced by Finance Minister Nirmala Sitharaman to help the auto industry has had any tangible effect.
Two lakh jobs cut in last 3 months across automobile dealerships: FADA
Around 2.5 mn people were employed directly through 26,000 car showrooms operated by 15,000 dealers.
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