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Indian automakers must be vigilant about ``alarming`` inventory levels - industry body Inventory levels for passenger vehicles in India hit an all-time high in August ahead of the key festive season, an "alarming" trend that needs vigilant monitoring by automakers, an industry dealers' body said on Tuesday. The average inventory of passenger vehicles (PVs) at the end of August ranged from 58-63 days, up from 50-55 days in July and 30-35 days in August last year, the Federation of Automobile Dealers Association (FADA) said. Higher inventory days indicate deal...
Indian automakers must be vigilant about ``alarming`` inventory levels - industry body
Indian automakers must be vigilant about ``alarming`` inventory levels - industry body
Source: Reuters
5/09/2023 12:36:17 PM
Automobile retail sales in India rise by 9% in August 2023: FADA Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India rose by 9 per cent in August 2023 aided by sales growth in all segments, including passenger vehicles and two wheelers. The total retail sales across segments rose to 18,18,647 units in August 2023, up 9 per cent, from 16,74,162 units in August 2022. FADA further said passenger vehicle registrations increased by 7 per cent to 3,15,153 units in August 2023 from 2,95,842 units in August 2022. ...
Automobile retail sales in India rise by 9% in August 2023: FADA
Automobile retail sales in India rise by 9% in August 2023: FADA
Source: Accord Fintech
5/09/2023 11:40:34 AM
FADA seeks GST reduction on entry-level two-wheelers to 18% Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has sought Goods and Services Tax (GST) reduction on entry-level two-wheelers to 18 per cent from 28 per cent currently. A delegation of the FADA submitted a letter to Minister of Road Transport and Highways (MoRTH) Nitin Gadkari in this regard. FADA President Manish Raj Singhania said ‘with two-wheelers accounting for over 75 per cent of the volume and over 70 per cent of this stemming from the entry-l...
FADA seeks GST reduction on entry-level two-wheelers to 18%
FADA seeks GST reduction on entry-level two-wheelers to 18%
Source: Accord Fintech
10/08/2023 2:29:46 PM
India's July retail vehicle sales up; dealers' body flags rising inventory Retail sales of vehicles in India rose in July, a dealers' body said on Monday but cautioned of rising inventory levels and demand slowdown in certain categories despite the upcoming festive period. Inventory days, an indicator of retail demand, ranged from 50-55 days for passenger vehicles, up from 45-49 days in June, the Federation of Automobile Dealers Association (FADA) said. Higher inventory days indicate dealers storing vehicles for longer before being able to sell them. "...
India's July retail vehicle sales up; dealers' body flags rising inventory
India's July retail vehicle sales up; dealers' body flags rising inventory
Source: Accord Fintech
7/08/2023 12:54:37 PM
Automobile retail sales in India witness 10% growth in July 2023: FADA Industry body the Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India witnessed a 10 per cent annual growth in July 2023 driven by robust sales across passenger vehicles, two-wheelers and commercial vehicles. Total retail sales across segments rose to 17,70,181 units in July 2023, as compared to 16,09,217 units in July 2022. FADA stated that passenger vehicle sales saw an increase of 4 per cent to 2,84,064 units in July 2023, as compared to 2...
Automobile retail sales in India witness 10% growth in July 2023: FADA
Automobile retail sales in India witness 10% growth in July 2023: FADA
Source: Accord Fintech
7/08/2023 12:14:21 PM
Domestic automobile retail sales rise 10% in June Automobile dealers body Federation of Automobile Dealers Associations (FADA) in its latest report has showed that domestic automobile retail sales rose 10 per cent in June to 18,63,868 units from 17,01,105 units in the year-ago period, driven by sales growth across various segments, including passenger vehicles and two-wheelers. As per the report, passenger vehicle retail sales increased 5 per cent to 2,95,299 units in June 2023 as against 2,81,811 units in June 2022, while two-wheeler sal...
Domestic automobile retail sales rise 10% in June
Domestic automobile retail sales rise 10% in June
Source: Accord Fintech
6/07/2023 5:27:21 PM
India's June vehicle retail sales up, but supply challenges hurt: industry body Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging "demand-supply mismatches" that likely caused some disruption. Sales of cars and vans - clubbed as passenger vehicles - rose 4.8% to more than 295,000 units – a record high for the month of June, while those of two wheelers were up 6.8% at over 1.3 million units, data from the Federation of Automobile Dealers Association (FADA) showed. However, dealers selling car...
India's June vehicle retail sales up, but supply challenges hurt: industry body
India's June vehicle retail sales up, but supply challenges hurt: industry body
Source: Reuters
6/07/2023 2:50:11 PM
FADA seeks cut in GST on two-wheelers from 28% to 18% The Federation of Automobile Dealers Associations (FADA) has sought a cut in Goods and Services Tax (GST) on two-wheelers from 28 per cent to 18 per cent. It strongly asserts that two-wheelers, being essential for millions, should not be categorised as sin goods or luxury items for GST taxation purposes. The industry body said it has appealed to the finance minister, chair of the GST Council, all GST Council members, the ministry of heavy industries, which supervises the automobile sector,...
FADA seeks cut in GST on two-wheelers from 28% to 18%
FADA seeks cut in GST on two-wheelers from 28% to 18%
Source: Accord Fintech
19/05/2023 11:31:55 AM
FADA raises issue over sale of two-wheelers by unauthorised multi-brand outlets Automobile dealers' body the Federation of Automobile Dealers Associations (FADA) has raised the issue of unauthorised multi-brand outlets (MBOs) in the two-wheeler industry, which are not certified as bona fide dealers and sell unregistered vehicles without any trade certificates or after-sales services. This has caused many legitimate two-wheeler dealerships to shut down, making their businesses unviable. FADA has approached various authorities to take strict action against the pract...
FADA raises issue over sale of two-wheelers by unauthorised multi-brand outlets
FADA raises issue over sale of two-wheelers by unauthorised multi-brand outlets
Source: Accord Fintech
10/05/2023 11:48:41 AM
Passenger vehicle retail sales in India decline by 1% in April 2023: FADA Federation of Automobile Dealers Associations (FADA) has said that passenger vehicle retail sales in India declined by 1 per cent in April 2023 as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1. The passenger vehicle retail sales declined to 2,82,674 units in April 2023 as compared with 2,86,539 units in April 2022.  FADA noted that three-wheeler retail sales stood at 70,928 units in April 2023, up 57 ...
Passenger vehicle retail sales in India decline by 1% in April 2023: FADA
Passenger vehicle retail sales in India decline by 1% in April 2023: FADA
Source: Accord Fintech
4/05/2023 11:30:28 AM
India`s Tata Motors to raise passenger vehicle prices for second time in 2023 Indian automaker Tata Motors said on Friday it will raise prices of its passenger vehicles due to an increase in input costs and regulatory changes that make it costlier to produce cars, the second time this year it will make such a move. "The weighted average increase will be 0.6%, depending on the variant and model," the car maker said in a press release, adding it will come into effect from May 1. Tata Motors previously hiked the price of its passenger vehicles by 1.2% in J...
India`s Tata Motors to raise passenger vehicle prices for second time in 2023
India`s Tata Motors to raise passenger vehicle prices for second time in 2023
Source: Reuters
14/04/2023 12:53:02 PM
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge India's passenger vehicle sales hit a record high in the fiscal year 2022-23, as chip shortages eased and customers shelled out more money for sport utility vehicles (SUVs), an auto industry body said on Thursday. Automakers have sharpened their focus on producing SUVs, driven by consumer demand despite inflation trending higher through the year. Meanwhile, sales of entry-level vehicles continued to see challenges. Sales of SUVs, which made up more than 50% of total passenger vehicl...
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
Source: Reuters
13/04/2023 1:40:05 PM
Unseasonal rains, high-interest rates make auto industry cautious about growth prospects in FY24: FADA The Federation of Automobile Dealers Associations (FADA) has said that unseasonal rains impacting rural demand, high-interest rates on auto loans and increased costs due to new regulatory norms are making the automotive industry cautious about the growth prospects in the current fiscal (FY24). The industry --- which witnessed the first full year without any impact of COVID-19 in FY23 after a gap of two years with double-digit growth of 21 per cent in overall retail sales -- is now set to cloc...
Unseasonal rains, high-interest rates make auto industry cautious about growth prospects in FY24: FADA
Unseasonal rains, high-interest rates make auto industry cautious about growth prospects in FY24: FADA
Source: Accord Fintech
10/04/2023 12:59:38 PM
Passenger vehicle retail sales increase by 14% in March: FADA The Federation of Automobile Dealers Associations (FADA) has said that passenger vehicle retail sales increased by 14 per cent year-on-year in March 2023 riding on the back of improved supply of electronic components. The domestic passenger vehicle registrations rose to 3,35,266 units in March, from 2,93,016 units in March 2022. Two-wheeler retail sales rose to 14,45,867 in March, up 12 per cent from 12,86,109 units in the year-ago period. Similarly, the commercial vehicle registrations la...
Passenger vehicle retail sales increase by 14% in March: FADA
Passenger vehicle retail sales increase by 14% in March: FADA
Source: Accord Fintech
5/04/2023 12:10:49 PM
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA India's retail vehicle sales jumped 14% to more than 2 million in March on festival demand and buying ahead of implementation of new fuel emission norms, the country's Federation of Automobile Dealers Associations (FADA) said on Tuesday. But following March's surge, the financial year that began at the start of this month is expected to see growth tapering to a low single-digit percentage, the association said, citing a high comparison base, inflationary pressures, routine pric...
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA
India`s retail vehicle sales climb 14% in March; 3-wheeler sales record - FADA
Source: Reuters
4/04/2023 12:34:01 PM
Automobile retail sales witness double-digit growth in February 2022: FADA Federation of Automobile Dealers Associations (FADA) President Manish Raj Singhania has said automobile retail sales in India witnessed a double-digit year-on-year growth in February 2022 driven by robust sales across segments including passenger vehicles and two-wheelers. Total registrations across segments rose 16 per cent year-on-year to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. Singhania stated that passenger vehicle retail sales rose 11 per cent t...
Automobile retail sales witness double-digit growth in February 2022: FADA
Automobile retail sales witness double-digit growth in February 2022: FADA
Source: Accord Fintech
6/03/2023 12:44:26 PM
Electric passenger vehicles retail sales drop by 10.51% in January: FADA The Federation of Automobile Dealers Associations (FADA) in its latest data has showed that electric passenger vehicles retail sales declined by 10.51 per cent sequentially to 3,346 units in January 2023 over 3,739 vehicles sold in December last year. According to it, Tata Motors's electric PV sales were down 17 per cent at 2,426 vehicles in January as against 2,926 units delivered in December 2022. MG Motor sales volume also dropped 12.55 per cent to 425 units against 486 units sold in t...
Electric passenger vehicles retail sales drop by 10.51% in January: FADA
Electric passenger vehicles retail sales drop by 10.51% in January: FADA
Source: Accord Fintech
8/02/2023 10:16:16 AM
India`s wholesale passenger vehicle volume up on UV demand India's wholesale passenger vehicles sales volume grew 7.2% in December as demand for utility vehicles (UV) soared, the Society of Indian Automobile Manufacturers (SIAM) said on Friday. Wholesale passenger vehicle volumes rose to 235,309 units in December from 219,421 units a year ago, and hit a record high of nearly 3.8 million units for calendar 2022, said SIAM, which records sales to dealers. Earlier this month, the Federation of Automobile Dealers Associations (FADA), which publ...
India`s wholesale passenger vehicle volume up on UV demand
India`s wholesale passenger vehicle volume up on UV demand
Source: Reuters
14/01/2023 10:50:06 AM
Retail sales of overall vehicles in India grow by 15.28% in 2022: FADA Federation of Automobile Dealers Associations (FADA) has said that retail sales of overall vehicles in India grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units. FADA said two-wheelers retail sales stood at 1,53,88,062 units last year, a growth of 13.37 per cent from 2021 when sales stood at 1,35,73,682 units. Passenger vehicles (PV) retail sales were at 34,31,...
Retail sales of overall vehicles in India grow by 15.28% in 2022: FADA
Retail sales of overall vehicles in India grow by 15.28% in 2022: FADA
Source: Accord Fintech
5/01/2023 12:46:14 PM
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body BENGALURU - Retail sales of vehicles in India could take a hit in the final quarter of the fiscal year, an automobile dealers' body said on Thursday while reporting a more than 5% year-on-year fall in sales for December at 1.62 million units. India has mandated automakers to comply with stricter fuel efficiency norms from April 2023, aimed at reducing carbon emissions. This, the Federation of Automobile Dealers Associations (FADA) said, would trigger further price hikes and result in w...
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
Source: Reuters
5/01/2023 9:43:33 AM
Automobile retail sales in India clock best-ever performance in November 2022: FADA Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has said that automobile retail sales in India clocked best-ever performance in November 2022 aided by robust registrations across segments including passenger vehicles, two-wheelers and commercial vehicles. The overall automobile retail sales rose by 26 per cent to 23,80,465 units in November 2022, as compared with 18,93,647 units in November 2021. FADA President Manish Raj Singhania has said November 2022 h...
Automobile retail sales in India clock best-ever performance in November 2022: FADA
Automobile retail sales in India clock best-ever performance in November 2022: FADA
Source: Accord Fintech
12/12/2022 11:31:34 AM
FADA cautiously optimistic on near term outlook for auto sales The hike in vehicle prices by the manufacturers, the fallout of the 35 basis points (bps) increase in the repo rate by the Reserve Bank of India (RBI), may dent the confidence of two-wheeler and entry level car buyers, said the Federation of Automobile Dealers Associations (FADA). According to FADA, post 35 bps repo rate (the rate at which the RBI lends to commercial banks) hike, the total repo rate is now 6.25 per cent, the highest since February 2019. Further hikes in the future are also...
FADA cautiously optimistic on near term outlook for auto sales
FADA cautiously optimistic on near term outlook for auto sales
Source: IANS
9/12/2022 1:50:19 PM
India`s retail vehicle sales jumps 26% in November - FADA The festive and wedding season in India helped boost the country's total retail vehicles sales by 26% in November from a year ago, according to data from industry body Federation of Automobile Dealers Associations (FADA). Three-wheelers sales notched the biggest jump in November, FADA data showed, with sales surging 80%, followed by tractor sales, which grew 56.8%. Sales of commercial vehicles rose 32.8%, while the smallest gains were in two-wheelers and passenger vehicles, at 23.6%...
India`s retail vehicle sales jumps 26% in November - FADA
India`s retail vehicle sales jumps 26% in November - FADA
Source: Reuters
9/12/2022 12:48:19 PM
Retail sales of Electric vehicle in India surge 185% in October: FADA Federation of Automobile Dealers Associations (FADA) in its latest data has said that the overall retail sales of electric vehicles (EVs), including passenger vehicles, in the country surged nearly 185 per cent year-on-year to 1,11,971 units in October 2022. EV sales stood at 39,329 units in October 2021. As per the data, the total passenger EV (PEVs) sales rose 178 per cent to 3,745 units in October 2022 as against 1,346 PEVs retailed in the same month a year ago. Electric commercial vehi...
Retail sales of Electric vehicle in India surge 185% in October: FADA
Retail sales of Electric vehicle in India surge 185% in October: FADA
Source: Accord Fintech
10/11/2022 11:40:24 AM
Automobile sales to witness 40% jump during run-up to Diwali  With the festival season in full swing, automobile dealers expect a huge spike of around 40 per cent in car and two-wheeler sales in the run-up to Diwali across the country. Auto dealers say that between Navratri and Diwali, nearly two lakh passenger vehicles are likely to be sold while around 8 lakh units so far have been booked. According to Federation of Automobile Dealers Associations (FADA), the retail sales segment witnessed 57 per cent growth during Navratri period. Simi...
Automobile sales to witness 40% jump during run-up to Diwali
Automobile sales to witness 40% jump during run-up to Diwali
Source: IANS
23/10/2022 2:30:43 PM
Automobile sales 'vroomed' during Navratri season: FADA Navratri 2022 did not give sleepless nights to the automobile dealers as sales went up by 57 per cent compared to corresponding period in 2021, said the Federation of Automobile Dealers Association (FADA). According to FADA, when compared to Navratri 2019, the sales during the current year went up by 16 per cent. For the first time, FADA is releasing Navratri Auto Retail figures. Overall retails increased by a massive 57 per cent compared to Navratri'21. All categories also showed e...
Automobile sales 'vroomed' during Navratri season: FADA
Automobile sales 'vroomed' during Navratri season: FADA
Source: IANS
11/10/2022 10:26:04 AM
Match supplies with demand: FADA to vehicle makers The Federation of Automobile Dealers Association (FADA) hopes for a higher demand for passenger vehicles this month and have requested the vehicle makers to match their supplies. "The month of October will see Auto Retail on high grounds with 24 days of festive season out of the total 31 days. Dealers anticipate this to be the best festive in a decade for the PV (passenger vehicle) segment as we anticipate even higher sales during the month," FADA said. With the supplies of se...
Match supplies with demand: FADA to vehicle makers
Match supplies with demand: FADA to vehicle makers
Source: IANS
4/10/2022 11:57:32 AM
Retail sales of automobiles in India grow 8.31% in August 2022: FADA The Federation of Automobile Dealers Associations (FADA) in its latest data has showed that retail sales of automobiles in India grew 8.31 per cent in August 2022 on the back of increase in registrations of vehicles across all major segments. Total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021. According to the data, passenger vehicles (PV) retail sales stood at 2,74,448 units as compared to 2,57,672 units in the year-...
Retail sales of automobiles in India grow 8.31% in August 2022: FADA
Retail sales of automobiles in India grow 8.31% in August 2022: FADA
Source: Accord Fintech
8/09/2022 12:17:22 PM
Auto industry expects car sales to be on fast lane this festive season on back of new launches: Vinkesh Gulati The Federation of Automobile Dealers Associations (FADA) president Vinkesh Gulati has said the auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road ahead once the festivities peter out. The festive season, which usually witnesses a spike in automobile sales, begins this year on August 11 with Rakshabandhan stretching up to Diwali on October 25. He mentioned ‘We expect th...
Auto industry expects car sales to be on fast lane this festive season on back of new launches: Vinkesh Gulati
Auto industry expects car sales to be on fast lane this festive season on back of new launches: Vinkesh Gulati
Source: Accord Fintech
8/08/2022 10:27:01 AM
Automobile retail sales witnesses fall of 8% in July: FADA The automobile dealers' body Federation of Automobile Dealers Associations (FADA) in its latest report has showed that automobile retail sales witnessed a fall of 8 per cent on an annual basis in July in India at 14,36,927 units, as compared with 15,59,106 units in July 2021, on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per the report, passenger vehicle retail sales witnessed a dip of 5 per cent at 2,50,972 units last month, as against 2,63,2...
Automobile retail sales witnesses fall of 8% in July: FADA
Automobile retail sales witnesses fall of 8% in July: FADA
Source: Accord Fintech
4/08/2022 1:48:51 PM
Automobile retail sales remain weak in May compared to Pre-Covid period: FADA Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has said retail sales of passenger vehicles grew last month of current year (May 2022) but the sales of two-wheeler and commercial vehicles remained low compared to the pre-COVID month of May 2019. It highlighted that overall auto retails stood at 16,46,773 units in May, down from 18,22,900 units in May 2019. FADA President Vinkesh Gulati said May 2022 retails when compared to May 2019 reveal that sales are stil...
Automobile retail sales remain weak in May compared to Pre-Covid period: FADA
Automobile retail sales remain weak in May compared to Pre-Covid period: FADA
Source: Accord Fintech
7/06/2022 10:41:46 AM
Auto industry not out of woods, RBI's move to make loans costlier: FADA The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo-rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA). Comparing the auto sales in April 2022 with that of April 2019 FADA President Vinkesh Gulati said the sector is still not out of the woods as overall retails were down by minus six per cent. Apart from PV (passenger vehicle) and t...
Auto industry not out of woods, RBI's move to make loans costlier: FADA
Auto industry not out of woods, RBI's move to make loans costlier: FADA
Source: IANS
5/05/2022 11:39:48 AM
Electric vehicle retail sales surge over three-fold in FY22: FADA Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has said electric vehicle retail sales in the country witnessed over a three-fold jump the last fiscal (FY22) with two-wheeler offtake leading the segment. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise of three-fold from 1,34,821 units in the financial year 2020-21. Total EV sales had stood at 1,68,300 units in 2019-20 fiscal. It mentioned that electric passenger vehicle retail...
Electric vehicle retail sales surge over three-fold in FY22: FADA
Electric vehicle retail sales surge over three-fold in FY22: FADA
Source: Accord Fintech
11/04/2022 9:48:51 AM
Rising ownership, fuel costs subdue India's March auto sales: FADA Rising vehicle prices, coupled with high fuel costs, subdued India's March automobile retail sales on a year-on-year (YoY) basis, the Federation of Automobile Dealers Associations (FADA) said on Tuesday. FADA data showed a YoY fall of 2.87 per cent in overall automobile retail sales during the month under review. The overall retail sales fell to 16,19,181 units last month from 16,66,996 units sold during the corresponding month of 2021. Also, last month's overall retail sales...
Rising ownership, fuel costs subdue India's March auto sales: FADA
Rising ownership, fuel costs subdue India's March auto sales: FADA
Source: IANS
6/04/2022 10:20:31 AM
Passenger vehicle retail sales decline 8% in February: FADA The Federation of Automobile Dealers Associations (FADA) has said that domestic passenger vehicle (PV) retail sales declined 8 per cent in February 2022 as the companies continued to suffer production loss due to chip shortage. The PV sales dropped to 2,38,096 units in February, down 7.84 per cent from 2,58,337 units in February 2021.  FADA has indicted that two-wheeler sales in February 2022 declined 10.67 per cent to 9,83,358 units, compared with 11,00,754 units in February 2021. Tr...
Passenger vehicle retail sales decline 8% in February: FADA
Passenger vehicle retail sales decline 8% in February: FADA
Source: Accord Fintech
4/03/2022 12:46:22 PM
Covid third wave, supply issues dent India's January retail sales: FADA The third Covid wave, as well as semiconductor supply issues and rural distress, dented India's January 2022 automobile retail sales on a year-on-year (YoY) basis, FADA said. Data released by the Federation of Automobile Dealers Associations (FADA) showed a YoY fall of 10.69 per cent in overall automobile retail sales during the month under review. The overall retail sales fell to 14,39,747 units last month from 16,12,130 units sold during the corresponding month of 2021. Also, l...
Covid third wave, supply issues dent India's January retail sales: FADA
Covid third wave, supply issues dent India's January retail sales: FADA
Source: IANS
7/02/2022 5:02:24 PM
Passenger vehicle retail sales drop 10% in January: FADA The Federation of Automobile Dealers Associations (FADA) in its latest data has said that passenger vehicle retail sales dropped to 2,58,329 units in January 2022, down 10.12 per cent from 2,87,424 units in January 2021, as the companies continued to suffer production loss amid semiconductor shortage. It said in spite of good demand, passenger vehicles continue to face the brunt of semiconductor shortage, resulting in the absence of a healthy inventory. According to the data, Two-wheeler s...
Passenger vehicle retail sales drop 10% in January: FADA
Passenger vehicle retail sales drop 10% in January: FADA
Source: Accord Fintech
7/02/2022 12:24:31 PM
Budget FY23: FADA seeks GST cut on two-wheeler, used car segments The Federation of Automobile Dealers Associations (FADA) has urged the Centre to reduce GST on two-wheelers to boost sales volume. As part of its pre-Budget recommendations, the association sought GST rates at 18 per cent. "It is noteworthy that two-wheeler is used not as a luxury, but as a necessity to travel distances by lower class and rural segments for their daily working needs. Hence the rationale of 28 per cent GST plus 2 per cent cess which is for luxury or 'sin product...
Budget FY23: FADA seeks GST cut on two-wheeler, used car segments
Budget FY23: FADA seeks GST cut on two-wheeler, used car segments
Source: IANS
18/01/2022 9:24:39 AM
Automobile retail sales drop by around 3% in November: FADA Automobile dealers' body Federation of Automobile Dealers Associations (FADA) in its latest report has showed that automobile retail sales in the country dropped by around 3 per cent in November as chip shortage and heavy rains in South India impacted sales across various segments, including passenger vehicles and two-wheelers. As per the report, the total registrations last month stood at 18,17,600 units, down 2.7 per cent from 18,68,068 units in November 2020. Passenger vehicle sales...
Automobile retail sales drop by around 3% in November: FADA
Automobile retail sales drop by around 3% in November: FADA
Source: Accord Fintech
8/12/2021 1:45:52 PM
India`s Oct YoY retail sales fall on supply shortage, cost pressures: FADA Semiconductor supply shortages as well as inflationary pressures dampened India's overall vehicle retail sales on a year-on-year basis, in October 2021. Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.33 per cent during the month under review from October 2020. The vehicle retail sales fell to 13,64,526 units last month from 14,41,299 units sold during the corresponding month of 2020. However, on a sequential basis, th...
India`s Oct YoY retail sales fall on supply shortage, cost pressures: FADA
India`s Oct YoY retail sales fall on supply shortage, cost pressures: FADA
Source: IANS
18/11/2021 3:19:30 PM
India's Sept vehicle retail sales fell YoY, sequentially: FADA Lower production due to semiconductor supply shortage and a longer waiting period dented India's overall vehicle retail sales on a sequential as well as year-on-year basis in September 2021. Data released by the Federation of Automobile Dealers Associations (FADA) showed a fall of 5.27 per cent during the month under review as compared to September 2020. The vehicle retail sales fell to 12,96,257 units last month from 13,68,307 units sold during the corresponding month of 2020. O...
India's Sept vehicle retail sales fell YoY, sequentially: FADA
India's Sept vehicle retail sales fell YoY, sequentially: FADA
Source: IANS
7/10/2021 1:46:45 PM
Create task force to monitor Ford's exit compensation plan: FADA The Federation of Automobile Dealers Associations (FADA) on Thursday urged the Centre to create a taskforce to monitor the implementation of the compensation plan offered by Ford India. FADA President Vinkesh Gulati, along with CEO Saharsh Damani, met Union Heavy Industries Minister M.N. Pandey to give a representation on Ford India matter. They requested the minister to initiate a formal discussion on the Automobile Dealers' Protection Act. "Make sure that Ford India indemn...
Create task force to monitor Ford's exit compensation plan: FADA
Create task force to monitor Ford's exit compensation plan: FADA
Source: IANS
24/09/2021 9:36:13 AM
Retail vehicle sales in August rose 14%, Commercial Vehicle sales up 98% Dealers registered a 14.48 per cent rise in total retail sales of vehicles in August 2021, compared to the same month last year. Total retail vehicle sales for last month stood at 13,84,711, against 12,09,550 in August 2020, according to the data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday. The data, however, showed that sales were lower by 14.75 per cent when compared to August 2019, a pre-covid month. All categories witnessed a rise in their sale...
Retail vehicle sales in August rose 14%, Commercial Vehicle sales up 98%
Retail vehicle sales in August rose 14%, Commercial Vehicle sales up 98%
Source: IANS
7/09/2021 2:28:02 PM
New car registrations may come to a screeching halt in Tamil Nadu Registration of new cars may come to a screeching halt on Wednesday in Tamil Nadu with the state Transport Department directing Regional Transport Officers (RTO) and others to ensure the vehicles are covered under bumper-to-bumper insurance for five years. The Transport Department has also directed the vehicle registering authorities to ensure that the owner, driver, and the passengers are also covered under accident insurance. It issued the directive to comply with the recent Madras Hi...
New car registrations may come to a screeching halt in Tamil Nadu
New car registrations may come to a screeching halt in Tamil Nadu
Source: IANS
1/09/2021 10:14:38 AM
Vehicle retail sales rises YoY, sequentially in July: FADA  Low base along with rising demand pushed India's overall vehicle retail sales on both sequential and year-on-year basis in July 2021. Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a rise of 34.12 per cent during the month under review from the level of July 2020. The vehicle retail sales rose to 15,56,777 units last month from 11,60,721 units sold during July 2020. On sequential basis, FADA had reported an overall vehicle ...
Vehicle retail sales rises YoY, sequentially in July: FADA
Vehicle retail sales rises YoY, sequentially in July: FADA
Source: IANS
9/08/2021 1:27:23 PM
Vehicle retail sales rise in June: FADA India's overall vehicle retail sales rose in both sequential and on year-on-year basis in June 2021. Accordingly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a rise of 22.26 per cent during the month under review from the level of June 2020. The vehicle retail sales rose to 12,17,151 units last month from 9,92,610 units sold during June 2020. On sequential basis, FADA had reported an overall vehicle retail sales figure of 5,35,855 units fo...
Vehicle retail sales rise in June: FADA
Vehicle retail sales rise in June: FADA
Source: IANS
8/07/2021 1:38:19 PM
Vehicle retail sales plunges sequentially in May: FADA  India's overall vehicle registrations declined by 54.79 per cent on a sequential basis in May 2021. Similarly, the data released by the Federation of Automobile Dealers Associations (FADA) showed a decline of 70.60 per cent during the month under review from the level of May 2019. Accordingly, vehicle registration stood at 5,35,855 units in May 2021, compared to 18,22,566 units reported for the corresponding period of 2019 and 11,85,374 units in April 2021. Segment wise, re...
Vehicle retail sales plunges sequentially in May: FADA
Vehicle retail sales plunges sequentially in May: FADA
Source: IANS
10/06/2021 11:37:16 AM
Total vehicle registrations in India slips 30% to 1,52,71,519 units in 2020-21: FADA The total vehicle registrations in India fell by 29.85 per cent to 1,52,71,519 units in financial year 2020-21, the lowest in the last eight years, the Federation of Automobile Dealers Associations (FADA) said on Monday. Total vehicle registrations were at 2,17,68,502 units in fiscal year 2019-20. All categories of vehicles, except tractors were in red in FY21 with two-wheeler (2W), three-wheeler (3W), commercial vehicles (CV) and passenger vehicles (PV) falling by 31.51 per cent, 64.12 per c...
Total vehicle registrations in India slips 30% to 1,52,71,519 units in 2020-21: FADA
Total vehicle registrations in India slips 30% to 1,52,71,519 units in 2020-21: FADA
Source: Dion Global Solutions Ltd
10/05/2021 2:39:21 PM