New Delhi, June 8 (IANS) The Indian auto industry saw its best-ever May retail sales at 25,31,067 units during the month, a 9.55 per cent year-on-year expansion — with passenger vehicles (PVs) witnessing a robust 23.25 per cent growth, the Federation of Automobile Dealers Associations (FADA) data showed on Monday.Two-wheelers saw 7.54 per cent retail growth, with commercial vehicles at 5.29 per cent and three-wheelers at 3.56 per cent.The strong May performance was achieved despite an above-nor…
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New Delhi, June 3 (IANS) Commercial vehicle industry growth is likely to moderate in the short to medium term due to elevated fuel and raw‑material prices, a report said on Wednesday.India’s original equipment manufacturers remain optimistic about long‑term structural drivers such as replacement demand and infrastructure spending, the report from PL Capital said.Auto dispatches in May 2026 showed sustained volume growth across most segments, though some sub‑segments moderated, the report s…
New Delhi, May 5 (IANS) The Indian auto retail industry opened FY27 on an exceptionally strong note, retailing a record 26,11,317 units in April — a 12.94 per cent growth, the Federation of Automobile Dealers Associations (FADA) data showed on Tuesday.Two-wheeler retails continued their robust momentum, reaching 19,16,258 units last month, the best-ever April for this category. The demand engine remained broad-based with urban markets growing 14.07 per cent (on-year) and rural markets growing …
New Delhi, May 2 (IANS) India’s auto sector saw a demand‑led but uneven recovery in FY26, driven by urban market demand and premiumisation while rural demand saw some headwinds, a new report has said.The report from Deloitte India said two‑wheelers led the recovery, with wholesale volumes up 10.7 per cent year‑on‑year and retail sales rising 13.4 per cent.Passenger vehicles continued the premiumisation trend, with mid-size entry segments gaining share and traditional entry-level segmen…
New Delhi, April 15 (IANS) The Delhi Government’s draft electric vehicle policy (2024–2030) could drive a sharp uptick in EV sales once implemented but prompt short‑term deferral of purchases, a report said on Wednesday.The draft EV Policy with a government outlay of about Rs 40,000 crore outlines a clear roadmap to accelerate EV adoption, supported by upfront incentives, stringent mandates, and scrappage-linked benefits, the report from Axis Direct said.The policy targets 100 per cent ele…
New Delhi, April 14 (IANS) Domestic passenger vehicle dispatches to dealers increased by 16 per cent (year-on-year) to 4,42,460 units in March, driven by improved demand and inventory build-up at dealerships, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday.Passenger vehicle wholesales had stood at 3,81,358 units in March last year.Two-wheeler dispatches also recorded strong growth, increasing 19.3 per cent to 19,76,128 units last month compared to 1…
Mandla, April 12 (IANS) One person was killed, and three others were injured when a speeding Sports Utility Vehicle (SUV) went out of control and crashed into four two-wheelers near Chandni Paan Centre in Collectorate Colony in Madhya Pradesh’s Mandla city. The incident occurred around midnight at a T-shaped turn close to the busy paan shop. According to police and eyewitnesses, the SUV was being driven rashly. As it took the sharp turn, the driver lost control of the vehicle, which then rammed …
New Delhi, April 6 (IANS) The Indian auto retail industry delivered an all-time high of 2,96,71,064 units in FY26 with a broad-based 13.30 per cent growth (year-on-year), that saw five of six vehicle categories set new annual records, data released by the Federation of Automobile Dealers Associations (FADA) said on Monday.This represents the domestic auto industry approaching the 3-crore mark in a financial year, a milestone that would have seemed distant just two years ago. “What makes this y…
New Delhi, April 3 (IANS) The cost pressures facing Indian auto companies are being systematically underestimated by the market, even as investor sentiment on India has taken a distinctly more cautious turn, according to a report released on Friday.A BNP Paribas analysis found investors reluctant to take a clear directional position on the market. Hedge funds were largely removing tilts and factor exposures from their portfolios, with several actively reducing gross exposure.The rapid reversal o…
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…