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India's automobile <keyword id="87998" type="PERSON" weightage="20" keywordseo="Retail-sales">retail sales</keyword> rose in September on a sequential basis, industry data showed on Thursday. However, sales remained in the red on a year-on-year basis. <keyword id="9396466" type="COMPANY" weightage="20" keywordseo="the-federation-of-automobile-dealers-associations">The Federation of Automobile Dealers Associations</keyword> data showed that <keyword id="6785608" type="UNKNOWN" weightage="20" keywordseo="vehicle-registration">vehicle registration</keyword> in September rose to 13,44,866 units from 11,88,087 units sold in August and a retail off-take of 11,42,633 units in July. Nevertheless, on a YoY basis, September retail sales declined by 10.24 per cent to 13,44,866 units from 14,98,283 units off-take during the like month of last year. Commenting on September'20 performance, <keyword id="354719" type="COMPANY" weightage="20" keywordseo="FADA">FADA</keyword> President Vinkesh Gulati in a statement said: "With the government's persistent effort to unlock India, the month of September continued to witness automobile registrations on a rise as compared to previous months. "Passenger Vehicles for the first time saw positive growth coming back on YoY basis. With social distancing on customer's mind coupled with the government's push to further normalise business conditions and banks becoming more considerate to finance vehicles, entry level passenger vehicles saw good demand thus indicating a preference for personal transportation over public." He cited new launches and vehicle availability played their part as catalyst. "A lower base during last FY also helped the cause." On a yearly comparison, passenger vehicles retail sales grew by 9.81 per cent to 1,95,665 units from 1,78,189 units off-take during the like month of last year. In contrast, two-wheeler sales de-grew by (-) 12.62 per cent to 10,16,977 units from 11,63,918 units sold during September 2019. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/infosys-to-acquire-us-based-data-analytics-company-for-125-million-deal-expected-to-close-in-third-quarter/articleshow/78551010.cms" data-type="tilCustomLink">Infosys to acquire US-based data analytics company for $125 million — deal expected to close in third quarter</a> <a href="https://www.businessinsider.in/india/news/here-are-the-guidelines-issued-by-the-dgca-for-the-refund-of-airline-tickets-booked-during-the-lockdown-period/articleshow/78547292.cms" data-type="tilCustomLink">Here are the guidelines for refund of airline tickets booked during the lockdown period issued by the DGCA</a>

Indian automobile retail sales rise in September, Passenger Vehicles segment back in green

Domestic <keyword id="21999883" type="General" weightage="20" keywordseo="passenger-vehicle-retail-sales" source="keywords">passenger vehicle retail sales</keyword> declined 1 per cent year-on-year in May, as blistering <keyword id="21177616" type="General" weightage="20" keywordseo="summer-heat" source="keywords">summer heat</keyword> and elections impacted demand, <keyword id="21580028" type="General" weightage="20" keywordseo="automobile-dealers" source="keywords">automobile dealers</keyword>' body <keyword id="20108734" type="General" weightage="20" keywordseo="FADA" source="keywords">FADA</keyword> said on Monday. Passenger vehicle registrations dipped to 3,03,358 units last month, as compared with 3,35,123 units in May 2023. "Dealers cited the impact of elections, extreme heat and market liquidity issues as major factors for the dip in sales last month," the Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania said. Despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by original equipment manufacturers (OEMs) also affected sales, he added. Additionally, the month saw increased customer postponements and low enquiries, Singhania stated. Due to the extreme heat, the number of walk-ins to showrooms dropped by around 18 per cent, he said. Two-wheeler sales rose 2 per cent to 15,34,856 units in May, as against 14,97,778 units in the same month last year. Singhania said positive rural demand on account of good rains in some regions and improved finance availability kept the counters ticking. Three-wheeler retails rose 20 per cent year-on-year to 98,265 units last month. While commercial vehicle sales witnessed an increase of 4 per cent at 83,059 units last month, as compared to 79,807 units in May 2023. "Despite growth due to a low base from last year and increased bus orders, the industry faced challenges due to wholesale pressures, government policy effects, and negative market sentiment," Singhania said. He noted that the near-term outlook for automobile retail is 'cautiously optimistic', influenced by a mix of positive and challenging factors across various segments. Government formation is expected to bring stability and improve market sentiment, Singhania said. Dealers are hopeful about better supplies and positive movement in key sectors like cement, coal and iron ore, he said. Above normal rains during monsoon, is expected to enhance rural demand and support economic activities, he added. "However, extreme weather, such as heatwaves and heavy rains, along with the reopening of schools in July, might delay purchase decisions," Singhania said. Challenges persist, including intense competition, lack of new model launches and poor marketing efforts by OEMs, he said. FADA, which represents over 15,000 automobile dealerships having over 30,000 dealership outlets, collated sales data from 1,360 out of 1,503 RTOs across the country. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/tata-altroz-racer-hatchback-launched-in-india-starting-at-9-49-lakh/articleshow/110798203.cms" target="_blank">Tata Altroz Racer hatchback launched in India starting at ₹9.49 lakh</a><a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-beats-apple-becomes-second-most-valuable-company-top-10-companies-by-market-cap/slidelist/110793951.cms" target="_blank">Nvidia beats Apple, becomes second most valuable company: Top 10 companies by market cap</a><a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/indian-smartwatch-shipments-remain-flat-in-q1-2024-the-year-expected-to-end-in-a-decline/articleshow/110789121.cms" target="_blank">Indian smartwatch shipments remain flat in Q1 2024, annual shipments expected to end in a decline</a>

Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA

Post <a href="http://www.businessinsider.in/searchresult.cms?query=demonetisation&amp;sortorder=effectivedate">demonetisation</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=automobile+sector&amp;sortorder=effectivedate">automobile sector</a> has seen a steep decline in sales. The number of people visiting the dealership has gone down significantly low. 
 
With small business and trading communities are holding themselves from purchasing decisions because of cash crunch, retail sales are expected to go down by 30%. 
 
The situation is worse in the used car market and service stations as these mostly have transactions that are done in cash. 
 In markets such as Gujarat, Delhi and Punjab where the number of people that pay in cash is higher, sales may have dropped as much as 50% after the <keyword id="3315394" type="UNKNOWN" weightage="20" keywordseo="demonetisation">demonetisation</keyword> was announced on November 8, bankers and dealers said.But all of that may not be lost sales. 
 "In Gujarat, where a lot of car purchases used to be in cash, actual car sales are nearly 50% down. But, some of this looks like short-term implication; the long-term demand is intact. This only looks like postponement of purchases,” <keyword id="384178" type="PERSON" weightage="20" keywordseo="Dipak-Gupta">Dipak Gupta</keyword>, joint managing director at <a href="http://www.businessinsider.in/searchresult.cms?query=Kotak+Mahindra+Bank+&amp;sortorder=effectivedate">Kotak Mahindra Bank </a>told ET. 
 
The rural part of the nation also has seen a very tremendous decline in demands as people there aren’t comfortable with banking systems. 
 
"Rural people are not so comfortable with the banking system and they believe in keeping cash at home,” a top executive at another auto firm, who didn't want to be named, told ET. 
 
Many prospective customers are preoccupied in managing the cash crunch, and probably have little time to think about things that aren't urgent, like buying of a car or a bike. 
 "Even where loans have been sanctioned people don't want to draw money right now,” <keyword id="55942" type="PERSON" weightage="20" keywordseo="Rajiv-Anand">Rajiv Anand</keyword>, executive director for retail banking at <keyword id="6355975" type="CITY" weightage="20" keywordseo="Axis-Bank">Axis Bank</keyword>, told ET. 
 
Auto dealers said they were writing to manufacturers to reduce dispatches looking at the demand situation. 
 
However, according to experts, there is demand, but buying has been delayed due to lack of funds. 
(image: indiatimes)

Demonetisation: November retail sales in automobile sector feared to go down by 30%

<ul><li>Two-wheelers, three-wheelers, passenger vehicles, tractors and commercial vehicles sales grew 7 %, 75 %, 5 %, 41 %, and 0.5 % in June 2023. </li><li>Two-wheeler market anticipates continued economic pressures and supply challenges, <keyword id="354719" type="General" weightage="20" keywordseo="fada" source="Orion">FADA</keyword> said. </li><li>The PV segment faces inventory pressures and demand-supply mismatches, but the upcoming festive season beginning end-August offers a hopeful outlook, FADA said. </li><li>Delayed and uneven rains may affect the sales of automobiles in rural areas, FADA said, adding it remains cautiously optimistic for the near term. </li></ul> <keyword id="17917534" type="General" weightage="20" keywordseo="automobile-retail-sales-in-june" source="Orion">Automobile retail sales in June</keyword> registered 10 % year-on-year growth, with positive performances seen across all vehicle categories. Data showed two-wheelers, three-wheelers, passenger vehicles, tractors and commercial vehicles sales grew 7 %, 75 %, 5 %, 41 %, and 0.5 %. The Federation of Automobile Dealers Associations (FADA) today released retail sales data for June 2023. "Two-wheeler market anticipates continued economic pressures and supply challenges, while the reduction in FAME subsidies casts a shadow over EV sales," FADA said. The passenger vehicle segment faces inventory pressures and demand-supply mismatches, impacting profitability, but the anticipation of a boost from the upcoming festive season beginning end-August offers a hopeful outlook, FADA said. Erratic monsoons in India raise concerns about yield and potentially impacting automobile sales, especially in rural areas, but the anticipation of evenly spread rains going forward may revive rural demand and thus positively influence retails. "Despite a 10 % YoY growth, the Auto Retail sector has seen an 8 % MoM dip, indicating a short-term deceleration in sales," FADA president Manish Raj Singhania. "In comparison to pre-Covid levels, the overall auto retail marked a marginal decrease of 3 %, with 2W as the sole laggard. Conversely, the CV segment experienced a 1.5 % growth compared to June'19, surpassing the pre-Covid levels for the first time," Singhania said. Further, FADA said June 2023 witnessed the three-wheeler market's robust growth, primarily owing to the previous year's low base effect and positive market sentiment. "The delayed and uneven rains may reduce crop yields, shorten crop cycles and cause a delay in future crop arrivals. Such developments may affect the sales of automobiles, particularly in rural areas where a weak agricultural season could lead to a reduction in disposable income, thus affecting demand for two-wheelers and entry-level cars." However, upcoming rains may potentially boost agricultural prospects, revive rural demand, and positively influence automotive sales. FADA said it remains cautiously optimistic for the near term. (ANI)

Growth across vehicle segments powers 10% rise in India's June auto retail sales, cautiously optimistic for the near term: FADA

New Delhi [India], July 12 (ANI): The <keyword id="20025828" type="General" weightage="20" keywordseo="two-wheeler-sales" source="keywords">two-wheeler sales</keyword> in India in June registered a growth of 21.3 per cent year-on-year (Y-o-Y), highlights the sales data released by the <keyword id="20163832" type="General" weightage="20" keywordseo="society-of-indian-automobile" source="keywords">Society of Indian Automobile</keyword> Manufacturers (SIAM) on Friday. The data highlighted that in June the total sales of the two wheelers were recorded at 16,14,154 units which is a 21.3 per cent increase from 13,30,826 two wheeler sold in June 2023. The sales of the scooters also surged to a record 42 per cent Y-o-Y in June to 5.4 lakhs, last year in June it was at 3.8 lakhs. The sales of Bikes also registered two-fold growth with sales increased by 11 per cent in June to 10.3 lakhs as compared to 9.1 lakh last year during the same period. The <keyword id="20028264" type="General" weightage="20" keywordseo="passenger-vehicle-sales" source="keywords">passenger vehicle sales</keyword> also registered a growth of 3 per cent Y-o-Y in June. The total passenger vehicle sales during June stands at 3,37,757 units, it was 3,27,788 units during June 2023. The sales of <keyword id="20412606" type="General" weightage="20" keywordseo="three-wheelers" source="keywords">three-wheelers</keyword> surged twofold by an increase of 12.3 per cent, according to the data total 59, 544 units of three wheelers were sold in June 2024 as against 53, 025 units sold in June 2023. The sales data for June demonstrates a positive outlook for the Indian <keyword id="20081560" type="General" weightage="20" keywordseo="automobile-industry" source="keywords">automobile industry</keyword>. The substantial growth in two-wheeler sales, particularly scooters and motorcycles, along with the steady increase in passenger and three-wheeler sales, reflects a resilient and expanding automobile market in India. Earlier in May, the sales of passenger cars dropped by over 11 per cent, according to the data by the Society of Indian Automobile Manufacturers (SIAM). The domestic sales of passenger cars also slipped 11 per cent from 1,20,364 units in May 2023 to 1,06,952 units in May 2024. The auto companies also reduced the production of passenger cars by 13 per cent, from 1,63,619 units in May 2023 to 1,42,367 units 2024. Export of passenger cars too saw a drop of about 20 per cent from 35,806 units in May 2023 to 28,802 units in May 2024. However, the sales number of June showed the positive signs of growth in the automobile industry.

Auto sales see a positive trend in June, two-wheeler sales register 21% annual growth: SIAM data

<ul class="summary-list"><li><keyword id="6355119" type="ORGANIZATION" weightage="60" keywordseo="bmw">BMW</keyword> and two of its subsidiaries agreed to pay a joint penalty of $18 million to the US <keyword id="106012" type="ORGANIZATION" weightage="60" keywordseo="Securities-and-Exchange-Commission">Securities and Exchange Commission</keyword>. </li><li>The <keyword id="6362470" type="ORGANIZATION" weightage="60" keywordseo="sec">SEC</keyword> accused the German-based automobile company of inflating its own reported sales figures by having its North American dealers designate cars as sold when they were actually still on the market.</li><li>This comes after the SEC initially launched an investigation into BMW in December 2019 over concerns it was manipulating its sales figures. </li></ul>Bayerische Motoren Werke AG and two of its subsidiaries have agreed to pay a joint penalty of $18 million to the US Securities and Exchange Commission. The SEC – which launched an investigation into the German automaker in 2019 – concluded that it, along with BMW of North America and BMW US Capital, disclosed inaccurate sales figures while raising nearly $18 billion from corporate bond investors.BMW was accused of practicing what is known in the US as "sales punching" between 2015 and 2019. The SEC <a href="https://www.sec.gov/news/press-release/2020-223">said</a> that the company inflated its own reported retail sales figures by having its North American dealers designate cars as sold when they were actually still on the market. "Companies accessing U.S. markets to raise capital have an obligation to provide accurate information to investors," Stephanie Avakian, Director of the Division of Enforcement at the SEC, <a href="https://www.sec.gov/news/press-release/2020-223">said in a press release.</a> "Through its repeated disclosure failures, BMW misled investors about its U.S. retail sales performance and customer demand for BMW vehicles in the U.S. market while raising capital in the U.S."The SEC said BMW resolved the charges without admitting or denying the claims, which is common practice for these sorts of settlements. BMW's penalty was lowered as a result of its cooperation with the SEC.BMW isn't the first international automobile company to fall into hot water with the SEC. In September 2019, Fiat Chrysler Automobiles agreed to pay <a href="https://www.businessinsider.com/fiat-chrysler-to-pay-40m-fine-for-overstating-sales-numbers-2019-9">$40 million</a> to settle claims by the SEC that the company misled investors about its sales figures from 2012 to 2016.

BMW is paying $18 million to settle claims it inflated its car sales

New Delhi, Mar 5 () Maruti Suzuki India on Thursday said it has partnered with HDB Financial Services (HDBFS) to provide car loans to customers. HDBFS is a subsidiary company of HDFC Bank. The partnership will facilitate loans for both new and used cars. With this, the company now has a retail finance tie-up with 26 banks, 7 NBFCs and 8 regional rural banks, Maruti Suzuki India said in a statement. "The partnership with HDBFS, will boost convenience by offering attractive loan schemes to customers. There is a huge potential in the Indian automobile industry, and attractive retail financial solutions will help us put the market on a growth trajectory," MSI Executive Director (Marketing and Sales) Shashank Srivastava said. HDBFS has a strong network and, being an NBFC, it overcomes challenges faced in conventional lending, thus giving semi-rural and rural India the access towards credit, he added. "This also helps in increasing penetration of financial inclusion for potential customers," Srivastava said. MSI has a network of 3,066 new car retail outlets across 1,953 cities and towns. It also has 569 outlets of pre-owned car retail channel True Value in over 280 locations. HDBFS has a network of over 1,425 branches in 1,038 towns and cities. The partnership is a great step towards expanding availability of finance across the breadth of the country, HDBFS MD and CEO G Ramesh said. It will enable customised offerings across India including deep geographies, he added. RKL ANSANS

Maruti Suzuki ties up with HDB Financial Services for car loans

New Delhi, Nov 19 () Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month.
 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.
 Commercial vehicle sales, however, declined 23 per cent to 67,060 units as compared to 87,618 units in October last year.
 Three-wheeler sales saw an increase of 4 per cent to 59,573 units last month.
 Total sales across categories rose 4 per cent to 17,09,610 units in October, as against 16,38,832 units in the same month last year.
 "October retails were in the positive, giving a much-needed respite to the auto industry - especially to our dealer community - after months of de-growth," FADA President Ashish Harsharaj Kale said.
 The festival season saw very good footfalls at dealerships across most of the geographies, the consumer sentiment was positive, and purchase decisions were concluded as used to be during the growth years, he added.
 Kale said two-wheeler inventory has reduced from an alarming level while PV inventory is also at reasonable levels.
 "CV inventory has also reduced, although with retail continuing to be weak further wholesale regulation is required to reach FADA's 21 days recommended levels," he added.
 With the auto industry heading into the unknown territory of BSVI transition, more needs to be done towards inventory reduction to avoid dealer losses, Kale noted. MSS ANS
ANS

Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA

New Delhi, May 3 () Post the COVID-19 crisis, online car sales are likely to gain traction as customers would lean further towards contactless modes of purchasing, according to a report by consultancy firm EY. With the fear of infection and lack of hygiene likely to move people's preference back to personal mobility, which in turn is likely to reverse the trend of declining car sales, EY said automotive retail needs to become virtual, lean and flexible to align to the sudden accelerated change in consumer behaviour. "Post the COVID-19 crisis, there is no denying that customers would lean further towards online and contactless modes of purchasing. Vehicles may very well fall in the same category too. While Indians are already more inclined towards researching online while buying cars, online sales are rare due to limited awareness, options and flexibility," the report said. Citing a recent study conducted in China, which confirmed that fear of infection and lack of hygiene will move people's preference back to personal mobility, EY said, "One of the many fallouts of the COVID-19 crisis is likely to be people's proclivity to own and travel in a personal vehicle rather than use shared mobility or public transport." "This is likely to reverse the trend of declining car sales. Consistent with this consumer sentiment, combined with better online experiences, we anticipate an uptick in online car sales," it added. EY India Partner and Automotive Sector Leader Vinay Raghunath said, "In a post COVID-19 world, we do expect continued adherence to social distancing norms. The path to purchase will continue to be influenced by digital enablers with some customer segments preferring a virtual path from awareness to closure." He further said, "A contactless purchase journey could be a win-win situation for customers, OEMs and dealers. Digital heavy processes offering flexibility in consumer connect supported by lean dealer operations is bound to become the new normal in the near future. Every player in the auto industry must invest ahead of the curve to keep pace with changing consumer dynamics." Stating that this raises the question of how well-equipped original equipment manufacturers (OEMs) and dealerships are in managing this sudden accelerated change in consumer behaviour, the report said, "Automotive retail needs to become virtual, lean and flexible, while the existing sales channels need to become more efficient to accommodate these changes...Now is the perfect time to have our contactless Invisible Salesman 'Anytime, Anywhere'." The Indian customer's views and behaviour towards an online car purchase platform is only going to evolve. Indian OEMs and car aggregators can take a cue from global players and gradually develop their capabilities to support this transformation. Globally, OEMs like BMW, Peugeot, Hyundai and Volvo have successfully deployed almost contactless online sales, it added. "However, despite the increased need for digitalization, the role of dealerships will not get diluted as some customers would still visit them for test drives or final purchase," the report said. Dealerships will continue to connect OEMs with customers. An integrated "phygital" platform with a digitally-enabled agile salesforce will become a critical success criterion to tap into select consumer segments, according to EY. "OEMs and dealers can plan their retail strategy in a phased manner for a seamless transformation. The invisible salesman can become a reality in India if all players in the automobile ecosystem work towards redefining the sector's retail journey. While for the customer, it will be yet another product that they can buy online anytime, anywhere," the report added. RKL RKL ABMABM

Online car sales may gain traction post COVID-19, auto retail needs to become virtual: EY

New Delhi, Mar 12 () Automobile dealers' body FADA on Thursday said retail sales of passenger vehicles, measured by registration, declined 1.17 per cent to 2,26,271 units in February. Passenger vehicle retail sales in February last year stood at 2,28,959 units, the Federation of Automobile Dealers Associations (FADA) said in a statement. Two-wheeler retail sales stood at 12,85,398 units last month as against 12,66,163 units in February 2019, a growth of 1.52 per cent, it added. Commercial vehicle retail sales also grew by 13 per cent to 92,805 units last month as compared with 82,129 units in the year-ago period. FADA said three-wheeler sales were up 20.7 per cent at 65,752 units as compared with 54,474 units in February 2019. Tractor retail sales stood at 41,485 units as compared with 36,543 units in February last year, a growth of 13.52 per cent. Retail sales of total vehicles across categories stood at 17,11,711 units in February 2020 as compared with 16,68,268 units in the same month a year ago, it said. Commenting on vehicle retail sales, FADA President Ashish Harsharaj Kale said February turned positive for most of the segments as the entire auto ecosystem, especially auto dealers, focused on liquidation of their BS-IV Stocks. "Rural sales contributed for retail sales turning green with tractors also being in double digit growth for second month in a row," he added. Despite the growth, the overall retail sales were much below expectations as the expected pre-buying for the BS-IV stock was not seen, he said. "Many customers held onto their purchase decision expecting sweeter deals towards the end of March," he added. Commenting on inventory levels, Kale said it remains a very serious concern for BS-IV two-wheelers, and asked manufacturers to handhold dealers for 100 per cent liquidation of stocks before March 31 deadline. "FADA survey reveals a very high number of two-wheeler dealers will not be able to fully liquidate their BS-IV inventory and expressed inadequate support from their OEMs (original equipment manufacturers) for 100 per cent liquidation of this stock," Kale said. With regards to passenger vehicles and commercial vehicles, he said overall inventory is at a reasonable level, but the challenge remains in slow moving, non-popular models as dealers look for adequate OEM support for liquidation of the same in March. "FADA has already advocated for return of unsold BS-IV stocks and will be pursuing this for its members, if the need arises, as many dealers will be unable to sustain such losses," Kale said. On the outlook for March, he said with banks and NBFCs getting into a cautious mode with regards to financing BS-IV stocks and many RTOs (Regional Transport Offices) across the country prescribing their own cut-off dates for permanent registration, liquidation of BS-IV inventory continues to be a challenge. "Dealers are now facing a new challenge with coronavirus cases being detected in India and alarming drop in customer walk-ins in auto showrooms," he said. RKL RVK

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Indian automobile retail sales rise in September, Passenger Vehicles segment back in green

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Passenger vehicle retail sales dip 1% in May as excessive heat, elections impact demand: FADA

PTI

Demonetisation: November retail sales in automobile sector feared to go down by 30%

BI India Bureau

Growth across vehicle segments powers 10% rise in India's June auto retail sales, cautiously optimistic for the near term: FADA

BI India Bureau

Auto sales see a positive trend in June, two-wheeler sales register 21% annual growth: SIAM data

ANI

BMW is paying $18 million to settle claims it inflated its car sales

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Maruti Suzuki ties up with HDB Financial Services for car loans

PTI

Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA

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Online car sales may gain traction post COVID-19, auto retail needs to become virtual: EY

PTI

Passenger vehicle retail sales down 1.17 pc in February: FADA

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