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Indian commercial vehicle industry reverses decline, to see modest growth in FY25 The domestic commercial vehicle industry is projected to grow at a modest 0-3 per cent in FY25, against the earlier estimated decline of 4-7 per cent, a report showed on Monday.  The current fiscal will be the second consecutive year of growth for the industry after a 1 per cent and 3 per cent YoY growth in wholesale and retail sales, respectively, in FY24, according to credit rating agency ICRA. This follows a better-than-expected volume growth in four months in current fiscal and...
Indian commercial vehicle industry reverses decline, to see modest growth in FY25
Indian commercial vehicle industry reverses decline, to see modest growth in FY25
Source: IANS
2024-09-02 01:47:27 pm
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy Car and SUV manufacturers have agreed to offer discounts of 1.5 per cent of the ex-showroom price of a new car or Rs 20,000 whichever is lower, while truck manufacturers will offer discounts of up to 3 per cent with the launch of the Centre’s Vehicle Scrapping Policy, according to an official statement issued on Wednesday.   These Original Equipment Manufacturers (OEM) discounts are in addition to the scrap value provided by Registered Vehicle Scrapping Facilities (RVSFs) to the...
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy
Source: IANS
2024-08-29 09:32:29 am
Retail sales of cars, SUVs surge 10 pc in July Retail sales of passenger vehicles in India, including cars and SUVs, posted a 10 per cent jump to 3,20,129 vehicles in July this year compared to 2,90,564 in the same month last year, driven by new model launches and higher discounts, according to the Federation of Automobile Dealers Associations (FADA).  “Dealers reported benefits from good product availability, attractive schemes, and a wider range of products,” the Federation of Automobile Dealers Associations (FADA) V...
Retail sales of cars, SUVs surge 10 pc in July
Retail sales of cars, SUVs surge 10 pc in July
Source: IANS
2024-08-06 02:08:32 pm
Tata Motors' sales dip in July, commercial vehicles see 18 per cent drop YoY Tata Motors on Thursday reported a total sale of 71,996 vehicles in July, a significant drop from 80,633 units sold during the same period last year.  The total domestic sales dipped 11 per cent, to 70,161 units against 78,844 in July last year. When it comes to commercial vehicles, the company sold 27,042 units last month, down 18 per cent from July last year (32,944 units). Total passenger vehicle sales (including EVs) stood at 44,954 units, down 6 per cent from 47,689 units i...
Tata Motors' sales dip in July, commercial vehicles see 18 per cent drop YoY
Tata Motors' sales dip in July, commercial vehicles see 18 per cent drop YoY
Source: IANS
2024-08-01 12:18:58 pm
India`s Tata Motors to hike commercial vehicle prices for third time in 2023 Indian automaker Tata Motors said on Monday it will raise the prices of its commercial vehicles by up to 3%, its third hike this calendar year to offset the residual impact of past input costs.The price hike, effective Oct. 1, will be applicable across its range of commercial vehicles, the automaker added.The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms.India implemented stricter norms through phase II of Bhar...
India`s Tata Motors to hike commercial vehicle prices for third time in 2023
India`s Tata Motors to hike commercial vehicle prices for third time in 2023
Source: Reuters
2023-09-19 11:02:43am