New Delhi, May 22 (IANS) The Indian passenger vehicle segment has witnessed strong volume growth driven by GST rate cuts, the extended summer wedding season, and healthy demand for newly launched models, despite concerns over a weak monsoon outlook and the ongoing West Asia crisis, a report showed on Friday.ICRA expects passenger vehicle industry volumes to expand by 4.6 per cent in FY27, led by the likelihood of sustained demand momentum. The moderation in growth considers the elevated base of …
Latest Federation of Automobile Dealers Association (FADA) News & Updates
New Delhi, April 27 (IANS) India’s passenger vehicle (PV) wholesale volumes rose 16 per cent year‑on‑year (YoY) to 4.4 lakh units in March 2026 and improved 6 per cent sequentially, as original equipment manufacturers (OEMs) continued steady production to cater to the robust domestic demand, a report said on Monday.The automobile wholesale volume is projected to grow 4–6 per cent in FY27, as demand is supported by GST rate cuts and new model launches, the report from ICRA said. The growth …