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, Feb 13 (IANS) The Consumer Price Index (CPI) is expected to remain below the 4 per cent target level even in newly-introduced CPI series, and will better capture India’s evolving consumption curve and align data for policy decisions with international practices, a report said on Friday.The report from the Bank of Baroda said, “The trajectory of core inflation needs to be closely watched as prices of precious metals pose upside risk. But with fine balancing of weights in the new CPI …
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 6 (IANS) Rural India emerged as the key growth driver for passenger vehicle sales in 2025, outpacing urban markets as demand expanded beyond major cities, data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday showed.The rural passenger vehicle sales grew 12 per cent during the year, compared with an 8 per cent rise in urban areas.Total passenger vehicle sales climbed to 4.47 million units in 2025, up from 4.1 million units in 2024, the data said.The …