New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…
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New Delhi, March 5 (IANS) India’s retail vehicle sales registered a strong 25.62 per cent year-on-year growth at 24.09 lakh units in the month of February — surpassing the previous best February of 2024, the Federation of Automobile Dealers Associations (FADA) said on Thursday.The growth was broad-based across almost all segments. On an annual basis, the two-wheeler segment grew by 25.02 per cent, three-wheelers by 24.39 per cent, passenger vehicles by 26.12 per cent and commercial vehicle…
New Delhi, Feb 24 (IANS) India’s retail lending portfolio grew to Rs 162.7 lakh crore in Q3 FY26, up 18.1 per cent year‑on‑year, with 690 million active loan accounts and improved asset quality, a report said on Tuesday.The report from Credit bureau CRIF High Mark said Portfolio at Risk (PAR) with repayments overdue by 31 to 180 days declined to 3.1 per cent from 3.6 per cent a year earlier. Quarterly originations rose 41 per cent YoY to Rs 25.3 lakh crore, the report said.Gold loan origin…
New Delhi, Feb 13 (IANS) The domestic passenger vehicle sales grew 12.6 per cent (year-on-year) to 449,616 units in January, compared to 399,386 units in January 2025, according to data released by industry body Society of Indian Automobile Manufacturers (SIAM) on Friday.Total sales of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in January stood at 2,927,394 units.Three-wheelers witnessed strong growth of 30.2 per cent compared to January of the previous year, with sales o…
New Delhi, Feb 10 (IANS) Overall vehicle retail market in India grew 17.61 per cent (year‑on‑year) with sales of 27,22,558 units in January, driven by strong demand in two‑wheelers and passenger vehicles, industry body Federation of Automobile Dealers Associations (FADA) said on Tuesday.Passenger vehicle (PV) retail rose 7.22 per cent to 5,13,475 units in January, with urban markets accounting for about 59.2 per cent of sales volumes, the statement from FADA said.Rural PV retail grew 14.43…
New Delhi, Jan 9 (IANS) India’s automobile industry delivered a strong performance with passenger volumes up 20 per cent YoY in the October–December 2025 quarter, driven by GST reforms, a pickup in rural demand, and sustained festive momentum, a report said on Friday.Financial services firm PL Capital said in a report that improved affordability, easier financing, and recovering consumer sentiment supported broad‑based volume growth across passenger vehicles, two‑wheelers, and commercial…